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  • Saudi Arabia-Iran deal: Iran has a great opportunity to attract foreign investment

    In fact, many foreign companies made business deals with Iran after the nuclear agreement. For example, French car manufacturer PSA Group signed a deal worth nearly a half billion dollars with Iran Khodro and Total signed a contract to buy 150,000 to 200,000 barrels of oil per day from Tehran. Once the nuclear deal was reached, foreign countries and companies appeared to be rushing to rekindle business with the Islamic Republic, which had effectively been cut off from global trade.

  • Saudi investment funds hit record high after 25% surge: CMA

    The organization’s latest bulletin revealed that in the final three months of last year, the number of investment funds in the Kingdom hit 941 – a surge of 25 percent compared to the same period in 2021. While the number of public funds reached 255, the number of private funds amounted to 686, compared to 256 and 495 funds respectively in the same quarter a year before.

  • Saudi investment funds hit record high after 25% surge: CMA

    The organization’s latest bulletin revealed that in the final three months of last year, the number of investment funds in the Kingdom hit 941 – a surge of 25 percent compared to the same period in 2021. While the number of public funds reached 255, the number of private funds amounted to 686, compared to 256 and 495 funds respectively in the same quarter a year before.

  • Saudi: New Sports Law to contain intolerance and discrimination rules; promote foreign investments

    The draft Sports Law, approved by the Shoura Council on Monday, aimed at developing the spirit of decent competition, as well as curbing discrimination, abuse, and intolerance. There are provisions in the law to combat banned doping, as well as to promote international cooperation in the sports fields. The law also aims to encourage investment in the sports field, with the promotion and attraction of local and international sports investments, enhance transparency and governance procedures in various sports activities and fields, in addition to containing illegal practices.

  • Doral Energy-Tech Ventures: “We are thrilled to make investments with Saudi Arabia’s

    "I'm thrilled to say that we make investments with Saudi Arabia's Aramco's venture arm. Obviously there is no peace agreement between Israel and Saudi Arabia yet and hopefully it will happen soon, but in the meantime we understand that climate change has no boundaries and we have the privilege to invest with them and grow companies in these spaces," Roee Furman, Managing Director of Doral Energy-Tech Ventures told CTech at the Mind the Tech London conference on Tuesday.

  • PIF-owned Saudi Investment Recycling to acquire 60% of Masab Plastic Factory  

    Public Investment Fund-owned Saudi Investment Recycling Co. has signed an agreement to acquire 60 percent of plastic resin manufacturer Masab Plastic Factory Co. The agreement aims to pave the way for the recycling firm to establish solid partnerships with the Kingdom’s private sector, according to Saudi Press Agency. Masab collects plastic scrap materials from households and recycles them using mechanical and processes into secondary raw materials. The factory also exports plastic scrap raw materials in the form of flakes to makers of fibers and bottles.

  • Saudi Arabia eyes global money market to boost investment into economy  

    Speaking at the Financial Sector Conference in Riyadh, Saudi Minister of Investment Khalid Al-Falih said: “We want to focus on the money market, insurance and lending, and we have initiatives that focus on this.” He said the Kingdom is now one of the most attractive countries for investments as it has the right balance between risk and return, growth opportunities, as well as profitable opportunities.

  • How Saudi Arabia’s investments are driving electric vehicle adoption in the Middle East 

    Pointing to the fluctuations in fuel prices over 2022 as a factor that has influenced consumer decision-making, he said that by 2026 almost 45,000 EVs are expected to be sold in the region. Fuel bills apart, EVs generally have a strong resale value, which is why more and more people are looking at them as a sound investment, according to Ekar’s Hedberg. He drew attention to a survey commissioned by Audi Abu Dhabi, which found a change of sentiment among consumers, with 52 percent of UAE residents considering buying an EV.

  • How Saudi Arabia’s investments are driving electric vehicle adoption in the Middle East 

    In 2020, there were more than 15 million registered vehicles in the Kingdom. Four-fifths of these were cars or light vehicles. According to the Saudi Energy Efficiency Center, the transport sector consumed about 21 percent of the Kingdom’s total energy that year.

  • Investments in Saudi Arabia’s digital infrastructure hit $25bn in 6 years 

    Saudi Arabia’s communications and technology market is witnessing rapid growth with SR93 billion ($24.7 billion) worth of investments already pumped in over the last six years to develop the country’s digital infrastructure, revealed the Kingdom’s Communications and Space and Technology Commission during the ICT Indicators Forum in Riyadh. With an estimated market size of around SR154 billion as of 2022, the Kingdom was the fastest and largest digital infrastructure market in the Middle East and North Africa region, according to the organization, also known as CITC.