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  • Transformation of Saudi economy creates opportunities, Public Investment Fund official tells investors

    It is important that investors understand the long-term structural changes to the Saudi economy that are taking place and the opportunities they offer, the head of the National Development Division at the Saudi Public Investment Fund said on Thursday. Speaking at the Future Investment Initiative Priority forum in Miami, Jerry Todd said the three pillars of this transformation are industrialization of the economy, the development and expansion of service sectors, and the building-up of green energy capacity.

  • Saudi Arabia’s Future Investment Initiative lands in Miami

    “The world feels like an increasingly troubled place, with violent conflicts, cost of living crises, climate change, AI uncertainties, pandemic threats and other big problems,” Richard Attias, CEO of the FII Institute, told Arab News. “And so, it has never been more important to convene leaders from investment, business and government to address the root causes and come up with practical answers.”

  • China’s Biggest Fund Manager, Riyadh Capital Sign Pact to Share Local Investment Expertise

    E Fund Management, China's largest fund manager, and leading Saudi Arabian assets manager Riyadh Capital have signed a non-binding agreement to exchange expertise and cooperate in local investment areas. E Fund and Riyadh Capital inked the deal at the two-day Saudi Capital Market Forum in Riyadh on Feb. 20, ACN Newswire reported yesterday. Representatives from the Shanghai and Saudi stock exchange were present at the signing ceremony, according to Shanghai Securities News.

  • The State of Tourism Investment in Saudi Arabia

    Saudi Arabia is investing billions into its tourism ecosystem. How can partners get involved? In this episode of the Skift Travel Spotlight podcast, executives from Riyadh Air and Dida Travel discuss investments in the nation’s travel infrastructure.

  • SenseTime wins deals in Saudi Arabia in return for investment in domestic firms

    A joint venture formed in 2022 was formed by SenseTime with $207M in support from the Saudi Company for Artificial Intelligence (SCAI) to develop AI applications in the Middle East. The SCAI is owned by the kingdom’s sovereign wealth fund. The terms of the deal stipulate that if the JV is not acquired or does not hold an initial public offering within seven years, SenseTime must buy out the SCAI’s share.

  • First film announced as Saudi Arabia launches Big Time Investment to fund Arab productions

    Egyptian actress Mona Zaki is set to star in a film portraying the life of legendary singer Umm Kulthum, which is the first film in a slate of productions as Saudi Arabia’s General Entertainment Authority announced the launch of a film fund named Big Time Investment, aimed at fostering the production of Arabic cinema.

  • CarbonMeta Technologies Wins Sole Source Contract with Saudi Investment Recycling Company (SIRC)

    CarbonMeta and SIRC to launch cement-less concrete pilot project in March 2024

  • Saudi Arabia launches new investment fund to enhance quality of Arabic film content

    Saudi Arabia’s General Entertainment Authority (GEA) has announced a new investment fund that will focus on improving the quality of films while strengthening production values, distribution, and filmmaking. The Big Time investment fund will also feature the kingdom’s Ministry of Culture as a co-sponsor, along with contributions from various companies specialised in the field of filmmaking and production, a press release said, without disclosing the value of the fund.

  • Saudi Arabia: An Investment Destination with Growth Potential

    Foreign direct investment in Saudi Arabia reached 8.1 billion Saudi Riyals in the first quarter of 2023, marking a significant increase from the previous year. These investments are expected to contribute to the localization of 57% of the local market, create 2.1 million jobs, and boost non-oil exports to SAR 580 billion by 2030.

  • Saudi Aramco in investment discussions with Indian companies – exec

    State oil giant Saudi Aramco is in investment discussions with companies in India, a senior executive said on Wednesday. "Hopefully we will see some announcements soon on investment in Indian companies," Faisal Faqeer, senior vice-president, liquids to chemicals development, downstream, at Saudi Aramco, told delegates at the India Energy Week in Goa, without specifying its plans. The world's largest crude oil exporter and OPEC kingpin has been boosting its investments in refining and petrochemicals across Asia to secure new markets for its crude, as it sees growth in chemicals central to its downstream expansion strategy.