Investment

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...

Analysis of Renewable Energy Investment in Saudi Arabia This study presents a novel approach to evaluating renewable energy investments in Saudi Arabia using a hybrid framework. By integrating Leontief and fuzzy group decision support models, it combines expert insights with statistical data to assess investment scenarios. Key Highlights: A unique framework is introduced for analyzing Saudi renewable investments. The approach...

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,...

Across the international scene, Middle Eastern sovereign wealth powerhouses have been notable for their aggressive investment strategies. The Saudi Public Investment Fund (PIF) and Abu Dhabi's Mubadala, which collectively manage over $1 trillion in assets, are extending their reach well beyond their borders, casting a wide investment net.Recent data from GlobalSWF, a tracker of sovereign wealth fund activities, indicates that...

China Energy Engineering Corp Ltd has made headlines with a $972 million agreement to develop a significant solar energy initiative in Saudi Arabia, a move that underscores the Middle Eastern country's growing allure for Chinese producers of photovoltaic equipment, spurred on by its dedication to renewable energy. A consortium involving three China Energy subsidiaries and a project firm created by...

In line with its economic diversification ambitions encapsulated in Vision 2030, Saudi Arabia has made a significant stride in the global sports arena by initiating the sale of six professional football clubs. Interested parties, both within the kingdom and internationally, are invited to present their offers by September 19. The teams up for acquisition include top-tier league clubs Al-Okhdood, Al-Orouba,...

The Kingdom of Saudi Arabia is undertaking significant efforts to establish itself as an attractive and safe haven for international businesses, as articulated by the country's Investment Minister Khalid Al-Falih.A new set of regulations was unveiled on Sunday, aimed at simplifying the entry of foreign investors by overhauling the previous, more cumbersome licensing system. The reformed registration process is designed...

The investment horizon in the Middle East is undergoing a transformative phase, where environmental, social, and governance (ESG) considerations are becoming integral to investment strategies. With a global push for ESG investment, Middle Eastern markets and government policies are adapting, as investors and governments alike pursue environmentally and socially responsible opportunities. This move towards sustainable development is particularly pertinent as...

The Ministry of Industry and Mineral Resources and the Ministry of Investment of Saudi Arabia recently conducted an informative webinar targeting Canadian and Australian companies. The session aimed to highlight the burgeoning investment possibilities within the Saudi mining sector, including the supports and perks available to investors, as well as the sector's unique competitive edges. During the webinar, participants delved...

The corporate venture capital arm of Saudi Aramco, Wa'ed Ventures, has recently made a strategic investment in Athir, a Saudi-based health technology startup. Athir successfully obtained an undisclosed sum in its inaugural investment round, which also saw contributions from RZM Investment and Share Investment, as per reports from entArabi. With a $500 million portfolio, Wa'ed Ventures focuses on fostering technological...

Saudi Arabia has decided to allocate a mere 25% of its $1 trillion strategic investment plan to the oil sector, which is less than what was initially anticipated. This move is part of the Kingdom's broader initiative to pour significant capital into non-oil sectors, aiming to diminish its dependence on oil revenues.The country is confronted with an annual funding shortage...

The member nations of the Gulf Cooperation Council (GCC) are proactively enhancing incentives for both domestic and international investors within their borders. In a significant move, Saudi Arabia has introduced a novel investment law that promises to expand financial liberties for investors concerning their transactions. This regulation is slated to come into effect at the onset of 2025. The promulgation...

The Kingdom of Saudi Arabia has unveiled a set of new legislations aimed at enhancing transparency and streamlining the investment process within its borders. This strategic move is intended to draw in additional foreign investment and bolster the country's economic diversification in line with its Vision 2030 plan.The Council of Ministers has ratified a revamped investment framework that bolsters investor...

Goldman Sachs highlights a significant transformation in Saudi Arabia's investment approach, predicting a substantial influx of $1 trillion into six pivotal sectors by the end of the decade. This influx, termed a "capex super-cycle," marks a shift in focus to non-oil industries, diverging from prior expectations.Non-oil Sectors to Receive a BoostFaisal AlAzmeh, the lead for CEEMEA equity research at Goldman...

Saudi Arabia is setting its sights on a major enhancement of its transportation and logistics sector, with a strategic plan in its aviation industry that envisions attracting upwards of $100 billion in investments. This ambitious endeavor aims to significantly elevate the kingdom's stature in the global aviation market.As part of a broader economic shift, the kingdom is anticipated to redirect...