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  • Saudi mining sector fastest growing investment hub globally: Ministry

    Saudi Arabia's mining sector has experienced the fastest global growth rate in the development of a regulatory and fundamental environment to attract investments over the last five years (2018-2023), according to the Ministry of Industry and Mineral Resources.   The ministry stated that Saudi Arabia has made significant global progress in the assessment of investment risks in the mining sector, which was issued by Minehutte and Mining Journal.

  • Saudi mining reforms garner global recognition for investment-friendly environment

    Saudi Arabia mining sector reforms have seen it recognized as the fastest-growing regulatory and investment-friendly environment globally over the past five years, a new report stated. MineHutte, an independent research and consultancy firm based in England, has stated that the Kingdom has also been ranked the second-best country globally for its licensing environment.

  • Saudi Arabia, Brazil Hope to Kindle Investment With Deeper Ties

    Their relationship started with chicken exports in the 1970s. And now the bond is becoming a way for the Global South heavyweights to diversify their trade ties and insulate their economies from geopolitical risk.

  • IEA: Global Investment in Clean Energy Set to Reach Record $2 Trillion in 2024

    Global investment in all types of energy is expected to top $3 trillion in 2024, with $2 trillion expected to go into clean energy and $1 trillion to oil, gas, and coal projects, the International Energy Agency stated in its “World Energy Investment 2024” report. However, this record investment in solar, electric vehicles, nuclear power, grids, and low-emission fuels is still not at the level needed to limit global warming to 1.5 degrees Celsius, it said.

  • As investment drive falters, Saudi milks Aramco ‘cash cow’

    "The cash raised will certainly help support government spending priorities. But it will ultimately be a fiscal booster more than a long-term cure for funding needs," said Robert Mogielnicki of the Arab Gulf States Institute in Washington. Saudi officials have since last year said the timeframe for some Vision 2030 projects would be extended, though they have not given details and said other projects would be accelerated. Finance Minister Mohammed al-Jadaan said last month that global "shocks" since Vision 2030's launch in 2016 -– wars in Ukraine and Gaza, the pandemic, inflation and supply chain disruptions –- had spurred a revision of reform plans. Read more: https://www.al-monitor.com/originals/2024/06/investment-drive-falters-saudi-milks-aramco-cash-cow#ixzz8cPnesbyH

  • “If You Build It, They Will Come”: Prospects for Foreign Direct Investment in Saudi Arabia

    Attracting higher foreign direct investment is a key part of the policy roadmap to diversify the Saudi economy. Vision 2030 set a goal of an increase in FDI to $100 billion, or 5.9% of gross domestic product, by 2030. FDI inflows were $29 billion in 2016, when Vision 2030 was announced. Increased FDI will support the development of new industries and sectors, such as artificial intelligence, gaming, advanced manufacturing, mining, renewable energy, and tourism. FDI brings the technology, capital, training capabilities, and business models that are essential for the long-term success and competitiveness of Saudi Arabia’s non-oil economy.

  • Why the esports industry is embracing Saudi Arabian investment

    “If you compare it to any other sports, all of them are heavily funded by governments across the world, from grassroots to pro sports, and people underestimate the involvement of government funding,” Reichert said. “And this is probably the first time that this has happened in esports on that scale, so it’s a good thing, actually — it’s not a bad thing whatsoever.”

  • Saudi Arabia’s SURJ Sports Investment ‘preferred bidder’ for ATP Masters 1000 event

    SURJ, the sports investment company launched by Saudi Arabia’s Public Investment Fund (PIF) last August, is reportedly the frontrunner, though an agreement is yet to be reached with the ATP Tour on a venue or commercial terms. If a deal is reached, SURJ would be granted a licence for an ATP Masters 1000 event, which feature the top-ranked players on the tour. There are currently nine ATP Masters 1000 tournaments played across cities including Miami, Madrid and Paris.

  • Saudi Arabia aims to attract over $3 trillion in investments by 2030

    Saudi Minister of Investment Khalid Al-Falih underscored the plan to draw investments and financial flows exceeding $3 trillion by 2030. Saudi Arabia, participating in the first Sino-Gulf Cooperation for Industries and Investments Forum in Xiamen, China, on May 23 and 24, focused on its ambitious Vision 2030. Led by Minister Al-Falih, the Saudi delegation included key representatives from both the government and private sectors.

  • Will Saudi Arabia’s sports investment trigger an athleisure boom?

    By 2030, the government aims to increase the ratio of individuals exercising at least once a week to 40 percent. With an expanding base of sports practitioners, the country’s sportswear and athleisure apparel market is set to boom. In 2022, the category generated $1.3 billion (SAR 4.9 billion) in sales, and by 2027, it is expected to reach $1.5 billion. Could Saudi Arabia be the next frontier for sportswear?