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The Saudi Economy 2013 and Investment Opportunities – CIT
- March 18,2013
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- SUSTG Team
The Committee for International Trade is active in many countries promoting Saudi trade. In the United States it is a primary organizer of the US-Saudi Business Opportunities Forums that have been held in Chicago (2010) and Atlanta (2011). The third in this series will be announced soon. The Secretary General of CIT, Mr. Omar Bahlaiwa, […]
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Saudi Prince Alwaleed Joins Twitter
- March 12,2013
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- Lucien Zeigler
HRH Prince Alwaleed Bin Talal has joined Twitter, the microblogging social network in which the Prince holds a 3% stake. In an announcement in both Arabic and English on his official handle, @Alwaleed_Talal, Alwaleed’s office noted that the businessman will soon be active on Twitter: The Private Office of HRH Prince Alwaleed Bin Talal […]
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Saudi Arabia Strong Market for U.S. Companies, Ex-Im Head Says
- February 5,2013
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- SUSTG Team
Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said. “Part of that has been driven by in this part of the world a diversification of economies,” Hochberg said in an interview yesterday in Riyadh. “We see a lot of opportunity here. U.S. companies […]
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Saudi Chartbook – February 2013
- February 5,2013
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- SUSTG Team
Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. [The full report from Jadwa Investment can be read here.]
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Saudi Arabia’s Six New Economic Cities
- January 30,2013
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- SUSTG Team
Except for King Abdullah Economic City, each of the cities has its own area specialization being developed around at least one globally competitive cluster or industry. They are also being developed according to environmental guidelines using state-of-the-art greenfield solutions. The aim is to create opportunities for the private sector by way of jobs and attractive […]
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Saudi investment in education tripled in just a decade
- January 28,2013
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- SUSTG Team
In Saudi Arabia, the government appropriated SR204 billion ($54.4 billion) for education in its budget for 2013, from SR168 billion ($44.80 billion) in 2012, and SR150 billion ($40 billion) in 2011. Investment in human capital has become a top priority for the Saudi government, as spending on education has more than tripled since 2000. The […]
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Al-Assaf, Al-Rabiah Headline Important Private Sector Initiative in Riyadh
- January 14,2013
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- Lucien Zeigler
The high-level meeting, an ambitious private sector initiative, addressed joint Arab action agendas, with 21 proposals of developmental projects discussed. Saudi Finance Minister Ibrahim Al-Assaf and Commerce Minister Tawfig Al Rabiah headlined this important event in Riyadh, which was widely discussed on Social Media sites and in the general media.
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‘Expansionary’ Saudi 2013 Budget Provides for Record Spending on the Back of 2012 Surplus
- December 30,2012
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- SUSTG Team
A recently released report by Jadwa Investment on Saudi Arabia’s 2013 budget highlights the Saudi government’s plans for record spending to sustain the Kingdom’s economic expansion next year.
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Jadwa Investment – December 2012 Saudi Chartbook
- December 3,2012
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- SUSTG Team
Jadwa Investment’s Saudi Chartbook for the month of December 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. A summary of the report is provided for your consideration below, and the […]
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AME Info’s series on doing business in Saudi Arabia: a guide to the guide
- November 27,2012
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- SUSTG Team
AMEinfo, based in Dubai’s Media City, is a well-known provider of business news and information covering the Gulf and larger Middle East. Founded in 1993 it was acquired by London-based Emap Communications in July 2006. Emap also owns MEED. The AME info site now claims over two million readers monthly.
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MUST-READS
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SAGIAIbrahim Al-Omar: Building a new investment environment in the Kingdom
Our ambition to develop the knowledge economy in the Kingdom will rely on collaboration between domestic Saudi business expertise and innovation, and the knowledge and perspectives of our US counterparts.
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PrivatizationSaudi sale of the century lures foreign investment banks, PE firms
One of the world's largest privatization programs is drawing foreign investment banks and private equity (PE) firms to Saudi Arabia, despite the prospect of low fees and an uncertain regulatory environment.
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Saudi InvestmentSaudis Boost U.S. Ties With $40 Billion Investment
The kingdom’s sovereign wealth fund is set to announce plans to deploy as much as $40 billion into U.S. infrastructure, according to people familiar with the matter.
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PIFSaudi’s Public Investment Fund to make half of investments domestically -prince
Saudi Arabia's Public Investment Fund, its top sovereign wealth fund, will make half of its investments in the domestic economy, Deputy Crown Prince Mohammed bin Salman said on Tuesday.
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Economic ReformsSaudi prince says economic reforms working, promises huge investments
The prince overseeing Saudi Arabia's economy said his radical reforms were succeeding in protecting the kingdom against low oil prices, and he promised massive investments in coming years to help diversify the economy beyond oil.
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DjiboutiHow a Chinese investment boom is changing the face of Djibouti
A growing influx of Chinese visitors in the small East African nation of Djibouti convinced former fruit and vegetable trader Zhou Yi last year that it was an opportune time to buy the best-known Chinese restaurant in the Djiboutian capital, Djibouti City.
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Saudi OgerTroubled Saudi Oger sells 2.8 pct stake in Saudi Investment Bank
Financially troubled construction company Saudi Oger sold a 2.8 percent stake in Saudi Investment Bank, bringing its stake in the bank down to 5.8 percent in the course of a single trading day, stock exchange data showed on Monday.
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Gas ExplorationSaudis, oil majors discuss gas investments ahead of giant IPO
The development revives memories of talks between Aramco and global majors at the end of the 1990s and early 2000s, known as the Saudi gas initiative. Most of those talks collapsed as the parties disagreed over returns on investment.
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Saudi-JordanSaudi, Jordan sign deal on $3 billion in Jordan investments
Jordan's state media say public and private sector officials from Saudi Arabia and Jordan have signed 15 economic agreements, including establishing a joint fund that will launch an estimated $3 billion worth of investments in Jordan.
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Saudi-JordanSaudi Arabia agrees $3b joint investment fund for Jordan
Saudi Arabia is to set up a $3 billion (Dh11 billion) joint investment fund for Jordan, among 15 cooperation agreements signed by King Salman Bin Abdul Aziz during a visit to Amman, state media said on Tuesday.
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