Investment

The Kuwait Investment Authority (KIA), recognized as one of the globe's most substantial sovereign wealth funds, is setting its sights on expanding into Saudi Arabia.At the helm of managing more than $800 billion in assets, the fund's board has made a strategic decision to establish a representative office within the kingdom. This move is designed to enhance the trade and...

At the heart of Vienna, during the OPEC Fund's third development gathering, discussions unfolded that may significantly impact efforts against global food insecurity and educational shortcomings in lower-income nations. Dr. Muhammad Al Jasser, President of the Islamic Development Bank (IsDB), and Cindy McCain, Executive Director of the UN World Food Program (WFP), convened to deliberate on enhancing their institutions' collaborative...

At the heart of Vienna, a forum organized by the OPEC Fund for International Development convened for its third session, carrying the theme “Collaborate for Impact”. This event, which saw the Islamic Development Bank (IsDB) among its participants, was dedicated to advancing sustainable development and offering support to nations on the development trajectory while tackling the pressing developmental challenges faced...

At a recent assembly in London, the British-Saudi Sustainable Infrastructure Summit, British investors showcased a high level of enthusiasm for opportunities within the Kingdom of Saudi Arabia's renewable energy sector and sustainable infrastructure. This interest is in sync with the objectives of the Kingdom's Vision 2030, which prioritizes the adoption of renewable and sustainable energy sources for substantial environmental and...

The Kingdom of Saudi Arabia is poised to bolster its financial sector with an expected surge in bond offerings, as revealed by the nation's investment minister during a summit in London. This anticipated growth underscores the sizable opportunities awaiting in the Kingdom's burgeoning financial market.At the UK-Saudi Sustainable Infrastructure Summit, Khalid Al-Falih highlighted that, although the business landscape in Saudi...

The National Industrial Development and Logistics Program (NIDLP) represents Saudi Arabia at the international Transport Logistics Exhibition in Shanghai, China, from June 25 to 27. The Saudi pavilion, featuring 13 key entities, is a testament to the nation's thriving transport and logistics sectors. The NIDLP's participation is geared towards showcasing the advancements within the Kingdom's logistics infrastructure across maritime, air,...

The UK-Saudi Sustainable Infrastructure Forum commenced in London, diving into the realm of collaborative prospects in the creation of sustainable urban spaces and the advancement of eco-friendly energy solutions. This gathering underscored the burgeoning market for financing green infrastructure projects. In the forum's inaugural address, the Saudi Minister of Investment, Eng. Khalid Al-Falih, delineated the Kingdom's evolution towards becoming a...

The venture capital landscape in the United Arab Emirates is witnessing significant momentum, as evidenced by the successful closure of Shorooq Partners' latest investment vehicle, Bedaya Fund II. Originally targeting a fund size of $150 million, the firm has surpassed expectations by closing the fund at an impressive $160 million, indicating a substantial oversubscription from investors.Yousef Albabtain, who leads the...

Siemens Energy has been awarded a significant contract worth $1.5 billion to supply key components for two state-of-the-art gas-fired power plants in Saudi Arabia. The agreement also encompasses a 25-year service period for maintenance, indicating a robust commitment to strengthening the kingdom's power generation capabilities. The power facilities in question, named Taiba 2 and Qassim 2, are poised to become...

Saudi Arabia is on track to clinch the title of the leading construction market worldwide, with substantial financial investments channeled into initiatives designed to revolutionize and broaden the scope of its economy. This development has been identified by Knight Frank, a global real estate consultancy firm.The nation's overall value of construction output is projected to soar to $181.5 billion by...

The Kingdom of Saudi Arabia's Minister of Investment, Khalid Al Falih, shared promising updates at a gathering in London, revealing significant headway in the country's ambitious Vision 2030 development strategy. Not only is the plan well underway, but it is also progressing faster than anticipated.During his address at the UK-Saudi Sustainable Infrastructure Forum, Al Falih expressed satisfaction with the current...

In the aftermath of the global pandemic, Saudi Arabia has emerged as a leading destination for foreign direct investment (FDI) in the region of West Asia, with an impressive influx of $65.1 billion over a span of three years, up to and including 2023. This achievement places the Kingdom prominently among the top FDI recipients in the area. Based on...

In a significant move to enhance its operational efficiency, King Abdulaziz Port in Dammam has acquired three quay cranes (QC) with automated operation capabilities and three rubber-tired gantry cranes (RTG). This acquisition, facilitated by the port's strategic partner Saudi Global Ports (SGP), the two container terminals' operator, marks a considerable advancement in the port's infrastructure. The addition of these state-of-the-art...

The cornerstone of Saudi Vision 2030 is the expansion and fortification of the kingdom's financial sector, with a prominent aim to heighten the role of international investors in Saudi capital markets.This discourse delves into the transformative journey of Saudi Arabia's equity market over the past five years following its integration into the MSCI Emerging Markets (EM) Index, exploring the potential...

China has given the green light to its maiden exchange-traded funds (ETFs) that will focus on Saudi Arabian equities, indicating a strategic expansion of its ties with the Middle East amidst escalating frictions with Western nations. This approval was granted on Friday, June 14, as reported by fund managers.The new financial products, managed independently by Huatai-Pinebridge Investments and Southern Asset...

In an effort to reduce its dependency on petroleum, the Kingdom of Saudi Arabia (KSA) is now setting its sights on the metals sector, which is anticipated to elevate domestic nickel usage and underwrite global mining ventures. This move aligns with substantial investments in industries that are intensive users of nickel.Recognizing mining as a critical sector for its future, Saudi...

China has marked a significant shift in its investment strategy by authorizing its inaugural exchange-traded funds (ETFs) that focus on Saudi Arabian equities. Fund managers have indicated that this move is an extension of China's efforts to strengthen relations with Middle Eastern nations amid a backdrop of increasing tension with Western countries.Managed by Huatai-Pinebridge Investments and Southern Asset Management, these...

Renowned Swiss banking institution Edmond de Rothschild Group is poised to broaden its reach within Saudi Arabia by inaugurating a new office and establishing a funding platform dedicated to infrastructure projects, as announced by the bank.The initiative is anticipated to contribute to Saudi Arabia's ambitious Vision 2030 blueprint, which is designed to diversify the nation's economy beyond its traditional reliance...

In a warm appeal to global investors, the Tourism Minister of Saudi Arabia, Ahmed Al-Khateeb, has made a compelling case for investment in the Kingdom's rapidly expanding tourism industry. Addressing attendees at the Future Investment Initiative Institute's Priority Rio de Janeiro Summit, Al-Khateeb shed light on the significant growth prospects powered by the nation's strategic economic reform program, Vision 2030.While...

The Saudi Arabia’s Public Investment Fund (PIF) is in the midst of negotiations with significant figures in the boxing industry to set up a league, which could significantly alter the competitive dynamics of the sport.What Happened: Discussions are being held between the PIF and a number of influential boxing promoters, such as Matchroom Boxing and Golden Boy Promotions, with the...

Investment Spotlight on Saudi Aramco’s Latest Share OfferingSaudi Arabia has made a striking move in the global investment scene by releasing a new batch of shares for its oil giant, Aramco, which garnered considerable international capital. This recent development marks a stark contrast to the tepid interest observed five years prior.International Investors Jump on Aramco SharesInvestors from a diverse array...

Separated by vast distances, the arid landscape of Saudi Arabia and the verdant expanses of Brazil are drawing closer on the economic front. Their evolving partnership, originating from poultry trade in the 1970s, is now a strategic move to diversify trade relations and buffer against geopolitical volatility.While the US and China remain major trading partners for both nations, Saudi-Brazilian trade...

Patria Investments Ltd., a prominent player in the alternative asset management space within Latin America, is actively pursuing the expansion of its portfolio companies into Saudi Arabia. This strategic move is aimed at capitalizing on the business-friendly initiatives of the kingdom, particularly those encapsulated in the ambitious Vision 2030 strategy.Key enterprises under Patria's umbrella, such as the fitness chain Smartfit...

Stake, a frontrunner in the digital real estate investment sphere, has recently secured a substantial $14 million in a funding endeavor.Leading the investment round was Middle East Venture Partners (MEVP), with notable contributions from entities such as Aramco’s Wa’ed Ventures, Mubadala Investment Company, Al Jomaih Holding, and Republic, a prominent private investing firm in the United States.Over the past three...

The Kingdom of Saudi Arabia's mining sector has garnered international recognition for its investment-friendly climate, as indicated in a recent assessment of mining investment risks by MineHutte and Mining Journal Intelligence. The comprehensive database by MineHutte, which evaluates over 100 mining codes, positions the country as a top performer in de-risking mining investments.The World Risk Report 2023 underscores the Kingdom's...

Following the announcement of a secondary share offering poised to garner upwards of $11.2 billion, the value of Saudi Aramco's shares witnessed a notable uptick on the first day of trading thereafter.Opening at SAR27.95 per share, a slight dip from the previous session's close at SAR28.3, the shares quickly rebounded, reaching SAR28.35 by mid-morning. The offering itself was priced at...

The prominent oil company Saudi Arabian Oil Co, known as Saudi Aramco, has recently reported that a substantial portion of its newest share offering has been acquired by international investors, amassing an impressive US$11.2 billion.According to Aramco, The majority of the shares constituting the institutional tranche of the offering was allocated to investors located outside of the Kingdom, with trading...

Saudi Arabia is poised for a major expansion in entertainment amenities, as the Ministry of Investment has partnered with Nowaar Entertainment to establish a series of new entertainment and water-themed parks, with the first anticipated to welcome visitors in Riyadh by 2025.Together with the General Entertainment Authority, the Ministry of Investment (MISA) formalized an arrangement on a recent Sunday with...

In a recent announcement, it was disclosed that Saudi Arabian Oil Company, commonly known as Saudi Aramco, has completed the final allocation of its 1.545 billion shares that were fully marketed. International institutions, which form a part of the institutional tranche, were significant recipients, garnering a stake outside of Saudi Arabia's borders.As it stands, the breakdown of Saudi Aramco's public...

International investors have played a significant role in Saudi Aramco's recent secondary share offering, which is poised to infuse $11.2 billion into the oil behemoth's coffers. This influx of capital is expected to catalyze the funding of expansive projects within Saudi Arabia, such as the construction of resorts and stadiums, which are integral to the country's transformation plan aimed at...