Investment

Riyadh-based eWTP Arabia Capital has rebranded as ‘ewpartners’ to mark seven years of operations in Saudi Arabia. The firm, known for its Asia-Saudi cross-border investments, has raised $400 million for its first fund and is aiming for $1 billion for its second fund due to strong investor interest. Supported by Saudi Arabia's Public Investment Fund (PIF), ewpartners has invested in...

Saudi Arabia is set to enhance support for companies in Egypt's new and renewable energy sector. During a meeting in Riyadh, Saudi Crown Prince Mohammed bin Salman announced a $5 billion investment in Egypt through the Public Investment Fund. This move aims to strengthen economic and investment ties between the two nations. Investment Boost Egyptian Prime Minister Mostafa Madbouly highlighted...

Saudi Arabia's PIF Drives E-Mobility with $39B Investment Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is leading the country's e-mobility advancements with a planned $39 billion investment. Heiko Seitz, PwC’s global e-mobility leader, highlighted this during the EV Auto Show in Riyadh. Seitz explained that by 2030, PIF will inject approximately $39 billion to develop a comprehensive...

SURJ Sports Investment from Saudi Arabia is looking to acquire a minority stake in the EuroLeague basketball competition. Partnering with private equity firm General Atlantic, SURJ is part of a bid to purchase about a third of EuroLeague Commercial Assets, valued at €1 billion (US$1.11 billion). SURJ, a venture from Saudi Arabia’s Public Investment Fund, is led by former A-Leagues...

During a meeting in Riyadh, Saudi Crown Prince Mohammed bin Salman announced a US$5 billion investment in Egypt through the Saudi Public Investment Fund (PIF), aiming to bolster economic ties. Egyptian Prime Minister Mostafa Madbouly highlighted the active role of Egyptian investment companies in Saudi Arabia. "We are finalizing an agreement to protect joint investments, which will boost investments between...

During a meeting in Riyadh, Saudi Crown Prince Mohammed Bin Salman announced a USD 5 billion investment in Egypt through the Kingdom’s Public Investment Fund (PIF), alongside Egyptian Prime Minister Dr. Mostafa Madbouly. The leaders discussed enhancing bilateral relations and economic ties between their countries. Prime Minister Madbouly highlighted ongoing efforts to finalize an agreement protecting joint investments, which aims...

The Saudi Public Investment Fund's SURJ Sports Investment is selling a €1 billion minority stake in the EuroLeague, a prominent European basketball competition. Reports indicate that the firm may invest alongside private equity company General Atlantic. Other contenders include British investment firm BC Partners, which recently acquired a stake in sports agency GSE Worldwide. EuroLeague Commercial Assets, owner of EuroLeague...

Trade between Saudi Arabia and Egypt exceeded $33 billion in 2022 and 2023. Egyptian Prime Minister Dr. Mostafa Madbouly announced the completion of the Saudi-Egyptian Investment Protection Agreement, which will be implemented within two months. He also promised to resolve any remaining issues faced by Saudi investors in Egypt by the end of the year. Commitment to Saudi Investments During...

Saudi Crown Prince Mohammed bin Salman has announced a $5 billion investment in Egypt through the Saudi Public Investment Fund (PIF), according to the Egyptian cabinet. This announcement followed a meeting between the Crown Prince and Egyptian Prime Minister Mostafa Madbouly in Riyadh. While details on the investment's timeline and nature were not disclosed, it was described as the “first...

The Saudi Arabian Crown Prince, Mohammed bin Salman Al Saud, and Egyptian Prime Minister, Mostafa Madbouly, met in Riyadh to discuss enhancing bilateral relations. The discussions focused on cooperation strategies to advance mutual interests. Madbouly, who led a high-level delegation, engaged with several Saudi ministers during his visit, aiming to attract Saudi investments and bolster economic cooperation. Following the meeting,...

Lombardy, Saudi Arabia Forge Path to Future Opportunities The Lombardy region, with a GDP exceeding €400 billion, stands as a cornerstone of the Italian economy and a significant global player. It has consistently aimed to enhance its international presence, seeking investment, innovation, and global cooperation. Recently, a pivotal meeting took place in Milan between Khalid Al-Falih, Saudi Arabia’s Minister of...

The sports investment firm owned by Saudi Arabia’s Public Investment Fund (PIF) is participating in the sale process for EuroLeague, Europe's premier basketball competition, which is seeking to sell a minority stake valued at €1bn. SURJ Sports Investment, a subsidiary of the $925bn PIF, is considering a joint investment with private equity firm General Atlantic to acquire a stake in...

Egyptian Prime Minister Dr. Mostafa Madbouly announced the finalization of the Saudi-Egyptian Investment Protection Agreement, set to be activated within two months. Remaining issues facing Saudi investors in Egypt are expected to be resolved by year-end. During a meeting with the Saudi private sector in Riyadh, Madbouly reaffirmed Egypt's commitment to supporting Saudi investments. A dedicated unit within Egypt's Ministry...

Saudi Arabia has significantly increased its issuance of investment licenses to Egyptian businesses, more than doubling in 2024, highlighting a growing economic partnership between the two countries. During a meeting in Riyadh with Egyptian Prime Minister Mostafa Madbouly, Saudi Investment Minister Khalid Al-Falih emphasized Egypt's vital role as a key economic partner. In 2022, Saudi exports to Egypt reached $6.44...

Saudi Arabian Mining Company (Maaden) is set to acquire a 25.1% stake from US aluminium producer Alcoa in their joint venture for $1.1 billion (Dh4 billion). The transaction includes 86 million Maaden shares, valued at $950 million (Dh3.4 billion), plus $150 million (Dh550 million) in cash. Established in 2009, the joint venture operates a comprehensive mining complex in Saudi Arabia....

During a visit to Saudi Arabia, Prime Minister Mostafa Madbouly and key Egyptian ministers met with prominent Saudi officials to bolster bilateral investment ties. The discussions aimed at enhancing investment opportunities and addressing mutual economic interests. Madbouly and his delegation, including the Ministers of Finance and Investment, met with Saudi Minister of Investment, Khalid Al-Falih. They focused on the expansive...

The Saudi Fund for Development (SFD) has signed its first development loan agreement with the Commonwealth of Dominica, signaling a notable expansion into Latin America and the Caribbean. This $41 million infrastructure project aims to revitalize Roseau, Dominica's capital, fostering socio-economic growth and improving living conditions. The initiative will rehabilitate seven major streets, enhancing road connectivity, reducing congestion, improving safety,...

Prime Minister Mostafa Madbouli met with key Saudi investors in Riyadh, a gathering organized by the Federation of Saudi Chambers of Commerce and attended by high-ranking officials from Egypt and Saudi Arabia. Madbouli highlighted the increase in Egyptian companies investing in Saudi Arabia, now totaling 5,700. He also noted that 75 percent of disputes involving Saudi investors in Egypt had...

The Saudi Fund for Development has signed a $41 million loan agreement with Dominica to finance the Infrastructure Rehabilitation Project in Roseau, the nation's capital. This initiative aims to boost socio-economic growth and enhance living standards, according to the Saudi Press Agency. The agreement was signed by Sultan Al-Marshad, CEO of the fund, and Irving McIntyre, Dominica's Minister of Finance....

Fils, a leader in ESG-focused fintech, has partnered with Saudi-based Madkhol, a platform specializing in Robo-advisory investment services. This collaboration, announced at the 24 Fintech event, allows Madkhol's users to invest in carbon credits and offset their carbon footprint directly through the platform. By integrating Fils' sustainability stack, Madkhol is setting a new standard for capital market fintechs in Saudi...

The Saudi Fund for Development (SFD) has signed its first development loan agreement with the Commonwealth of Dominica, marking a significant step in expanding its support in Latin America and the Caribbean. The $41 million loan will fund the Infrastructure Rehabilitation Project in Roseau, aiming to boost socio-economic growth and enhance living standards. Signing the agreement were SFD CEO Sultan...

Saudi Arabia is initiating a massive $1 trillion investment plan across six key sectors by 2030, as highlighted by Goldman Sachs Research. This marks a notable shift, with a reduced focus on the oil industry. Approximately 73% of this expenditure is earmarked for non-oil sectors, an increase from the previously projected 66%. The clean energy sector stands out, with funding...

Chinese Premier Li Qiang and Saudi Crown Prince Mohammed Bin Salman met in Riyadh to discuss enhancing cooperation in energy, investment, and trade, according to Saudi state news agency SPA. This meeting underscores the ongoing efforts to strengthen ties between China and Saudi Arabia. Previously, Li urged for accelerated free trade talks between China and the Gulf Cooperation Council (GCC),...

HONG KONG Saudi Arabia is emerging as a global leader in tourism, showcasing significant achievements in 2023. At the IHIF Asia International Hospitality Investment Forum in Hong Kong, the Saudi Ministry of Tourism emphasized the Kingdom's vast potential for international investors. Saudi Arabia's strategic position at the crossroads of three continents and its strong economic ties with Asia make it...

The Ministry of Investment and the General Authority for Military Industries in Saudi Arabia have signed an agreement with Italian defense company Elettronica, according to a report from the Saudi Press Agency. This agreement aims to boost investments in Saudi Arabia's defense sector and enhance the country's role in the global value chain. Investment Minister Khalid A. Al-Falih and GAMI’s...

Speculation about Saudi Arabian investment in AC Milan has intensified, with new developments emerging. Gerry Cardinale and RedBird have been actively seeking funds to support AC Milan. This includes exploring partnerships, sponsorships, and even the construction of a new stadium. Recently, reports of potential Saudi Arabian investment had quieted down, but new claims from a journalist have reignited interest. These...

The Saudi Ministry of Investment has unveiled updated rules to facilitate foreign investment in Saudi Arabia. These new regulations are designed to attract global investors by simplifying the investment process and fostering a more welcoming environment. The ministry noted that the revised guidelines will remove the necessity for numerous licenses and prior approvals, and will also significantly cut down on...

Saudi Arabia's New Investment Law aims to attract international investments and ensure equality between domestic and foreign investors. Effective six months after its publication, the law will replace the existing Foreign Investment Law. Implementing regulations are expected by the same time. Key Points The New Investment Law introduces several significant changes: Local and Foreign Investors: Unlike the previous law, this...

Saudi Arabia is intensifying its focus on domestic investment, resulting in higher requirements for foreign investors aiming to operate in the kingdom. The Public Investment Fund (PIF), Saudi Arabia's $925 billion sovereign wealth fund, reported a 29% increase in assets to 2.87 trillion Saudi riyals ($765.2 billion) in 2023. This growth was driven significantly by local investments. Domestic infrastructure and...

For the past decade, Saudi Arabia has been a significant attraction for dealmakers, bankers, and asset managers due to its extensive global investment activities through the Public Investment Fund (PIF). However, as the kingdom shifts its focus to domestic projects, the perception of Saudi Arabia as an easy source of capital is changing. A senior investment banker in Dubai stated,...