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  • Saudi Arabia’s SURJ Sports Investment ‘enters race’ for EuroLeague investment

    The outlet reports that shareholders in EuroLeague Commercial Assets, the parent company of the EuroLeague and second-tier EuroCup competition, are aiming to sell about a third of the business. It is said to be aiming to sell a minority stake at a €1 billion (US$1.11 billion) valuation. According to the FT, the group is working with investment bank LionTree on the sale process.

  • Middle East renewable energy investments to pass $75bn by 2030

    The Middle East is on course to take $75.63bn of investment in renewable energy projects through to 2030, according to a new report released by the Energy Industries Council. These investments involve 116 renewable energy projects, which are tracked by the EICDataStream database, and are forecast to come on stream between 2025 and 2030.

  • Saudi investment licenses for Egyptian firms double in 2024, says minister

    At a meeting with Egyptian Prime Minister Mostafa Madbouly, organized by the Federation of Chambers in Riyadh, Saudi Investment Minister Khalid Al-Falih underscored Egypt’s increasing role as a key economic partner for the Kingdom. This follows Saudi Arabia’s exports to Egypt totaling $6.44 billion in 2022, while Egypt’s exports to the Kingdom reached $2.35 billion, as reported by the Observatory of Economic Complexity.

  • How Saudi Arabia’s investment in blue ammonia is helping the global clean energy transition

    The production of blue ammonia involves capturing up to 90 percent of the carbon dioxide emissions generated during its manufacture, thereby significantly reducing its environmental impact. This makes it an attractive alternative to conventional fossil fuels, especially in industries that are difficult to decarbonize, such as shipping, aviation, and heavy manufacturing.

  • Saudi Arabia Shifts $1 Trillion Investment Focus: Clean Energy And Diversification Over Oil, Says Report

    Goldman Sachs’ report reveals that approximately 73% of this capital expenditure will be directed towards non-oil sectors, a significant increase from the earlier forecast of 66%. The clean energy sector is poised to benefit greatly, with funding expected to rise to $235 billion from an earlier estimate of $148 billion. This increase is driven by an ambitious expansion in renewable energy capacity, with Saudi Arabia more than doubling its 2030 target for solar power.

  • Hong Kong in talks with UAE and Saudi sovereign wealth funds for Asia investments

    Hong Kong is in talks with sovereign wealth funds in Dubai, Abu Dhabi and Riyadh to channel their investments into broader Asian markets including China and enable deals for Asian investors in the Gulf, a senior government official has said. The city, one of the biggest financial and trading hubs in Asia, has already developed a strong deal pipeline in Asia, the GCC and the broader Middle East region, in sectors such as energy, sustainability, infrastructure and utilities, commissioner for Belt and Road Nicholas Ho told The National.

  • Chinese Premier vows stronger trade, investment ties with Saudi Arabia

    “China and Saudi Arabia should further expand the scale of bilateral trade, deepen cooperation in traditional areas such as oil and gas, petrochemicals and infrastructure construction … [while expanding] to new energy, information and communications, digital economy, green economy … and work together to maintain the stability of the global industrial supply chain,” the premier said, according to the official People’s Daily newspaper.

  • Saudi’s new Investment Law promises FDI level playing field

    On August 11, the country announced the new regime which will replace the existing Foreign Investment Law from next year, unifying local and foreign firms under a single investment rulebook for the first time. It is the latest in a string of legislative changes designed to lift transparency and closer align business law in the Middle East’s biggest economy to international standards.

  • Saudi Arabia among top global investment destinations, says Al-Falih

    He explained that convincing international investors to invest their money in Saudi Arabia was not difficult, as investors were looking for a destination that offers several key factors, such as political and economic stability, predictability, a long-term vision, abundant opportunities, a strategic location and presence of local investors. Almost 87% of the 1,000 Vision 2030 initiatives have been implemented or are nearing completion. Saudi Arabia included more goals after completing the initial ones.

  • Saudi Arabia Showcases Strategic Tourism Investments at IHIF Asia, Opening Doors to Investors

    To capitalize on this momentum, the Kingdom has introduced the Tourism Investment Enablers Program (TIEP), with the Hospitality Investment Enablers (HIE) initiative serving as a cornerstone. HIE is designed to significantly boost accommodation capacity in key tourism areas, driving private investments up to $11 billion and increasing the annual GDP by $4.3 billion by 2030.