Investment

The Public Investment Fund (PIF) of Saudi Arabia has expanded its sporting portfolio by venturing into the football sphere within the Americas. A lasting partnership has been established with Concacaf, the organization responsible for governing football across North America, Central America, and the Caribbean.This collaboration marks PIF's inaugural involvement in American football territories, signaling a strategic move to broaden its...

In a strategic pivot towards sustainable energy, Saudi Arabia is set to bolster its investment in the green sector, while simultaneously reducing allocations to the oil industry. A recent analysis by a prominent financial institution reveals that the nation's clean energy investments are on an upward trajectory.By the end of this decade, the Kingdom plans to channel a staggering USD...

Saudi Arabia is on the brink of a transformative investment journey, with plans to channel $1 trillion into a capex surge, of which 73% is allocated towards bolstering the kingdom's non-oil sectors by the year 2030, as per insights from Goldman Sachs. The financial institution also sheds light on an anticipated annual shortfall of $25 billion required for the country’s...

In a bold move towards hosting the 2034 FIFA World Cup, Saudi Arabia has announced the construction of a cutting-edge stadium, poised to be perched atop The Line at Neom, part of a colossal $500 billion tourism and innovation venture. The Neom Stadium, boasting a seating arrangement for 46,000 spectators, is a critical element of the kingdom's world cup hosting...

The Public Investment Fund (PIF) of Saudi Arabia has observed a slight increase in its investments within the US stock market, with the total value ascending to $20.66 billion in Q2, up from $20.55 billion the preceding quarter.Undergoing a comprehensive strategic revision, the sovereign wealth fund has boosted its investments in prominent technology and financial entities. Conversely, it has scaled...

The Ministry of Industry and Mineral Resources of Saudi Arabia has recently disclosed the results of its fifth exploration licensing round. This initiative is part of a broader strategy to boost investment in the mining sector, and this round is notable for being the most extensive in terms of area covered by the Kingdom. Discovery Arabian Mining Company, Al Masane...

The municipal authorities of Madinah have unveiled an enticing investment proposition for the establishment and administration of a medical rehabilitation and physiotherapy center in the prestigious King Fahd district. This initiative is designed to bolster the local economy through sustainable and creative means. Spanning an area of around 4,075 square meters, the site is prepared for development with a generous...

Saudi Arabia's sovereign-led Saudi Global Ports Company (SGP) has joined forces with Chinese heavy equipment titan SANY in a landmark agreement valued at 7 billion riyals (approximately $1.865 billion). The collaboration is aimed at advancing sustainable practices within the nation's port facilities. In a historic move, SANY will provide 80 electric trucks to the King Abdulaziz Port in Dammam, marking...

Kuwait's premier financial institution, Kuwait Finance House (KFH), is actively seeking avenues for growth in the Saudi Arabian sector, as revealed in a recent disclosure to the stock exchange. This news came on the heels of speculations that KFH was considering acquiring a portion of the Saudi Investment Bank.Before the trading session began, KFH shares were placed on hold but...

Amidst strengthening economic relations between the United Kingdom and Saudi Arabia, British investors have signaled a strong interest in channeling funds into Saudi Arabia's renewable energy and sustainable infrastructure sectors. This inclination is in sync with Saudi Arabia's Vision 2030 agenda, which prioritizes the adoption of renewable and environmentally friendly energy sources for substantial environmental and sustainability initiatives.The British-Saudi Sustainable...

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...