SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Saudi Arabia makes significant moves in semiconductor sector with strategic investments

    To this end, the Kingdom has launched a billion-riyal investment fund dedicated to semiconductor companies and established the National Semiconductor Hub. At least 50 semiconductor design companies will be established in Saudi Arabia by 2030, supported by a deep tech venture capital fund exceeding SR1 billion ($266 million) as part of a new tech hub.

  • Lucid Receives $1.5 Billion Lifeline from Saudi Investment Fund

    An affiliate of Saudi Arabia's Public Investment Fund has thrown struggling electric car maker Lucid Group a $1.5 billion lifeline (second one of the year). This comes as Lucid prepares to launch its first sport utility vehicle amid a downturn in the EV automotive space. Lucid revealed it entered into agreements with its majority stockholder, Ayar Third Investment Company, an affiliate of the Saudi PIF, to purchase $750 million of convertible preferred stock through a private placement and provide a $750 million unsecured loan.

  • Saudi cities announce 57 investment opportunities for commercial and residential sectors

    Saudi Arabia’s Hail, Qassim, and Asir municipalities have launched 57 new investment opportunities across various sectors such as entertainment, sports, commercial, and residential. The purpose of this initiative is to boost economic development, promote the private sector and improve the living standard within these regions.  

  • Saudi Arabia’s PIF to enhance investments in Egypt

    Saudi Arabia’s sovereign wealth fund is set to significantly increase its financing in Egypt, with plans to convert its deposits into direct investments following a key meeting between officials from both countries. The discussions, held in New Alamein City, Egypt, focused on strengthening economic ties and expanding joint investment initiatives.

  • Investment Minister highlights $13.3bln in opportunities for Tabuk region

    Minister of Investment Khalid Al-Falih announced that the volume of ready investment opportunities in the Tabuk region, displayed on the “Invest in Saudi Arabia” platform, is worth more than SR50 billion. This statement was made during a meeting organized by the Tabuk Chamber of Commerce with investors and businessmen in the region on Monday.

  • India Saudi Arabia hold first meeting of High-Level Task Force on Investments

    India and Saudi Arabia on Sunday discussed various opportunities for bilateral investments in diverse areas in the public and private sectors, including refining and petrochemical plants, new and renewable energy, and power.  They reviewed measures aimed at promoting two-way investments in a mutually beneficial manner at the first meeting of the India-Saudi Arabia High-Level Task Force on Investments, co-chaired by the Principal Secretary to the Prime Minister PK Mishra and the Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz Al Saud in the virtual mode.

  • China’s Baosteel ups investment in Saudi steel plate venture to $1B

    Baosteel, a subsidiary of the world’s largest steelmaker, China Baowu Steel Group, said in Shanghai Stock Exchange statement that it will have a 50% stake in the Saudi venture, based in the kingdom’s special economic zone Ras Al-Khair Industrial City on the northeast coast of the country. The venture will process commodities and supply construction, gas, oil and shipping industries across the Middle East and North Africa, Baosteel said in the statement.

  • H1 2024 MENA Venture Investment

    In H1 2024, the MENA region secured $768M in total funding, experiencing a 34% decline from H1 2023. However, if we exclude MEGA (+$100M) deals, we see that the non-MEGA funding in H1 2024 saw a 3% increase compared to H1 2023. Interestingly, this increase was primarily driven by a 48% QoQ increase in non-MEGA deal funding we saw in Q2 2024. In contrast, SEA and Africa saw substantial declines in non-MEGA deal funding in H1 2024, compared to H1 2023, with SEA and Africa experiencing 37% and 55% declines, respectively.

  • Saudi Arabia’s Wealth Fund Taps Insider to Run Investment Strategy

    Fahad Al Saif will start in his new role immediately, according to a statement from the $925 billion Public Investment Fund on Tuesday. He will continue to lead the PIF’s global capital finance unit, overseeing government asset transfers and fundraising.

  • Foreign investments in Saudi Arabia rise to SAR 2.55T in Q1 2024

    Foreign investments in Saudi Arabia stood at SAR 2.55 trillion by the end of Q1 2024, up 6% from Q4 2023, according to data from the Saudi Central Bank (SAMA).