Investment

Saudi Arabia's Growing ETF Market Saudi Arabia is increasingly leveraging exchange-traded funds (ETFs) to bolster its capital markets. The Public Investment Fund (PIF) has invested $200 million in a new ETF by State Street Global Advisors, marking the first Saudi bond ETF listed in Europe or the US. This fund offers exposure to both US dollar-denominated Saudi bonds and local...

The Kingdom of Saudi Arabia is set to unveil a massive investment drive aimed at injecting over $100 billion into its thriving aviation sector. This initiative will cover various areas including airports, airlines, ground services, cargo, and logistics. Of the total investment, more than $50 billion is earmarked for airport development, roughly $40 billion for new aircraft acquisitions, and an...

Saudi Aramco, the globe's leading oil company, is set to enhance its investments in lithium production. This move is part of a strategic effort to establish a supply chain for a metal crucial to electric car batteries. Currently, China dominates around two-thirds of the lithium processing market. However, there's a growing trend among Western and Middle Eastern enterprises to develop...

Saudi Arabia Nears Investment in Sports Network DAZN Saudi Arabia is reportedly close to investing over $1 billion in DAZN, a sports network backed by billionaire Len Blavatnik, as part of its strategy to expand its influence in global sports. The potential deal would see Saudi Arabia's sovereign wealth fund acquire up to a 10% stake in DAZN, a platform...

Saudi Arabia's Surj Sports Investment Teams Up with Enfield Investment Saudi Arabia's Surj Sports Investment Co. has forged a strategic alliance with Enfield Investment Partners from the US to broaden their reach in the global sports industry. This partnership aligns with Enfield's recent unveiling of a $4 billion fund dedicated to sports investments. The collaboration will target key sectors such...

Surj Sports Investment Partners with Enfield to Expand Global Sports Ventures Saudi Arabia's Surj Sports Investment Co. has formed a strategic alliance with Enfield Investment Partners, a US-based firm, to enhance investments in the international sports sector. This partnership is in line with Enfield's recent introduction of a $4 billion global fund focused on acquiring sports assets. The collaboration aims...

Ivanhoe Electric Inc., in collaboration with Saudi Arabian Mining Company Ma'aden, has reported promising initial results from its joint venture exploration activities in Saudi Arabia. The focus is on the Umm Ad Dabah prospect, close to Ma'aden's Al Amar mine, using Ivanhoe Electric's advanced TyphoonTM geophysical technology. The joint venture's drilling efforts have intersected copper mineralization at significant depths in...

Public Investment Fund Acquires 23% of Saudi Re to Boost Insurance Sector The Public Investment Fund (PIF) of Saudi Arabia has secured a 23.08% stake in Saudi Reinsurance Co. This acquisition, achieved through a capital increase and subscription to new shares, elevates the company's capital from SR891 million to SR1.15 billion. This strategic move aims to enhance Saudi Re's financial...

Saudi Arabia's Investment Milestone Saudi Arabia is making significant strides in attracting global companies to establish regional headquarters within its borders. Investment Minister Eng. Khalid Al-Falih announced that 571 international firms have been licensed to set up in the Kingdom, with a focus on the King Abdullah Financial Center in Riyadh. The majority of these companies hail from the industrial...

The Saudi Investment Promotion Authority has entered a partnership with Japan's Mizuho Bank Ltd. to boost investment opportunities between Saudi Arabia and Japan. This collaboration, marked by a memorandum of understanding, was formalized by Assistant Minister of Investment Ibrahim bin Yousef Al-Mubarak and Mizuho Bank's CEO Masahiko Kato. This agreement aims to leverage the authority's expertise to support Japanese companies...

The Saudi Investment Promotion Authority has signed an agreement with Japan's Mizuho Bank to boost investment opportunities between Saudi Arabia and Japan. This memorandum of understanding was formalized by Ibrahim bin Yousef Al-Mubarak, Assistant Minister of Investment, and Masahiko Kato, CEO of Mizuho Bank. Under this agreement, the Saudi Investment Promotion Authority will offer expertise and information to facilitate Japanese...

Saudi Arabia Introduces Incentive Program for Industrial Investment Saudi Arabia is launching a SR10 billion ($2.66 billion) incentive initiative to boost industrial investments, as announced by Minister of Industry and Mineral Resources, Bandar Alkhorayef. The program is designed to be adaptable, focusing on sectors with high import reliance and limited local production. The plan supports up to 35% of a...

Falak Angels, a Saudi angel investment network, has teamed up with Kassim Legal, a law firm specializing in startups, to enhance legal support for investors and partners. This move aims to simplify investments and boost the entrepreneurial scene in Saudi Arabia. Kassim Legal will help register syndication investment vehicles, allowing for cost-effective SPV setups. They will also assist in creating...

Saudi Arabia's venture capital scene is off to a strong start in 2025, maintaining its lead in the region. Zension Technologies secured $30 million in Series A funding led by Wa’ed Ventures, joined by Sumitomo Corporation and Global Ventures. Founded in 2018, Zension offers protection services for electronics across Saudi and UAE markets, with plans to launch a new service,...

Saudi Arabia's Public Investment Fund (PIF) is projected to become the world's second-largest sovereign wealth fund by 2030, managing assets worth $2 trillion, according to Global SWF. This would mark a significant increase from its current $925 billion, positioning it as a major player in global investment. By 2030, PIF is expected to hold 10.5% of global sovereign wealth assets,...

Saudi Arabia Eyes New Boxing League with TKO Partnership Saudi Arabia, already a major investor in boxing, is planning to collaborate with TKO, the owner of Ultimate Fighting Championship (UFC), to establish a new boxing league. This move highlights the kingdom's ongoing commitment to expanding its presence in professional sports. The potential deal involves Sela, a subsidiary of Saudi Arabia's...

Saudi Arabia has dramatically increased its investment licenses, issuing over 36,000, a five-fold rise since the Vision 2030 initiative began. This growth is part of the Kingdom's efforts to boost foreign direct investment through the Invest Saudi initiative. In 2024, the issuance of entrepreneurial licenses surged by 118% compared to the previous year, with wholesale and retail trade permits rising...

Saudi Arabia and Türkiye are in talks over a potential purchase of 100 Kaan fifth-generation fighter jets, as negotiations took place in Istanbul involving key defense figures from both nations. The discussions focused on procurement, joint production, and technology transfer, with expected deliveries in the 2030s. Saudi Arabia's interest in the Kaan jets aligns with its strategy to diversify defense...

Saudi Arabia is seeing a surge in Chinese exports and investments, especially in green technology, marking a shift from a relationship primarily centered on oil. This shift challenges the kingdom's traditional economic ties with Western nations. Traditionally dominated by oil trade, Chinese exports to Saudi Arabia reached $40.2 billion in the first ten months, surpassing last year's $34.9 billion. China...

Saudi Arabia has announced the signing of nine significant investment agreements with foreign companies, including India's Vedanta and China's Zijin Group. These deals, valued at over 35 billion riyals ($9.32 billion), are part of a strategic effort to enhance global supply chains. The initiative, known as the Global Supply Chain Resilience Initiative, is a key component of Saudi Arabia's National...

Saudi Arabia has secured nine investment deals in the metals and mining sector, totaling over 35 billion riyals ($9.32 billion), with major companies including India's Vedanta and China's Zijin Group. These agreements were announced at the World Investment Conference in Riyadh, under the Global Supply Chain Resilience Initiative, part of Saudi Arabia's Vision 2030 strategy to diversify its economy. Vedanta...

Saudi Arabia has announced nine major investment agreements in the metals and mining sector, totaling over 35 billion riyals ($9.32 billion). These deals, revealed at the World Investment Conference in Riyadh, involve prominent companies like India's Vedanta and China's Zijin Group. This initiative aligns with Saudi Arabia's Vision 2030, aiming to diversify its economy and reduce dependence on fossil fuels....

Saudi Arabia's Public Investment Fund (PIF) has divested its entire stake in concert promoter Live Nation, as revealed by a recent SEC filing. In April 2020, amidst global market instability due to the COVID-19 pandemic, PIF acquired a 5.7% stake in Live Nation, becoming the fourth-largest shareholder. This move was significant as it occurred during a time when Saudi Arabia...

General Catalyst, a prominent venture capital firm from Silicon Valley, has ventured into Saudi Arabia by investing in Lean Technologies, a fintech startup. This marks General Catalyst's initial investment in the region, contributing to Lean's successful Series B funding round of $67.5 million. General Catalyst manages $30 billion in assets and has previously invested in major tech companies like Snap,...

China is set to issue US dollar sovereign bonds in Saudi Arabia for the first time in three years, marking a significant step in strengthening economic ties with the kingdom. Up to $2 billion in dollar debt will be issued in Riyadh, as approved by China's State Council. This move shifts the traditional issuance location from Hong Kong to Saudi...

Hong Kong is looking to strengthen financial ties with Saudi Arabia following a successful visit by its Financial Secretary, Paul Chan Mo-po. During his recent trip, several key agreements were made, emphasizing Hong Kong's vital role in global markets. Chan's visit led to the Hong Kong Monetary Authority and Saudi Arabia's Public Investment Fund agreeing to create a $1 billion...

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is shifting its focus back to the domestic economy after years of extensive international investments. The PIF, with assets valued at approximately $930 billion, plans to reduce its overseas investments to 18-20%, a decrease from the current 21% and a significant drop from 30% in 2020. This strategy aims to...

Saudi Arabia's sovereign wealth fund plans to shift its investment focus, reducing foreign holdings and increasing local investments. This was announced by Yasir Al-Rumayyan, the Governor of the Public Investment Fund (PIF), during the Future Investment Initiative. Under Al-Rumayyan's leadership since 2015, PIF has expanded from $150 billion to a $930 billion global entity, with international investments rising from 2%...

Riyadh, Saudi Arabia - A $240 million Islamic Equity Bridge Loan has been announced by IFC to support ACWA Power in enhancing Uzbekistan's renewable energy sector. This was revealed during the Future Investment Institute conference in Riyadh. The financing will back two significant projects: a 1-gigawatt solar PV plant and a 668-megawatt Battery Energy Storage System, along with 500 kilometers...

Boeing's Major Stock Sale: Boeing has executed one of the largest stock sales ever, raising $21.1 billion to strengthen its financial standing and avert a downgrade to junk status. Riyadh Investment Gathering: Global financial leaders convened in Riyadh for the Future Investment Initiative, dubbed "Davos in the Desert." Executives from major firms like Goldman Sachs and Morgan Stanley were present,...