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  • ‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties

    “Brazil and Saudi Arabia, two proud members of the G20 and energy producers, are well positioned to be strategic partners, with us being the economic leaders of our respective regions,” al-Falih said. “With our strategic interests aligned and private sectors strong, we could become a top five investor in each other’s economy. I believe this will be possible.” Flush with cash following a record $161bn profit for state oil giant Aramco last year, Saudi Arabia has ploughed billions in investments into Brazil’s mammoth mining and meatpacking sectors.

  • ‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties

    “Brazil and Saudi Arabia, two proud members of the G20 and energy producers, are well positioned to be strategic partners, with us being the economic leaders of our respective regions,” al-Falih said. “With our strategic interests aligned and private sectors strong, we could become a top five investor in each other’s economy. I believe this will be possible.” Flush with cash following a record $161bn profit for state oil giant Aramco last year, Saudi Arabia has ploughed billions in investments into Brazil’s mammoth mining and meatpacking sectors.

  • P&O’s CEO Martin Helweg charts Saudi Arabia’s maritime future

    The maritime sector in KSA presents a range of opportunities across the board. The integration of maritime infrastructure with energy and trade flows is a key driver. Notably, the foremost opportunity lies in Saudi Arabia's proactive commitment to nurturing a thriving maritime sector. Events like the Saudi Maritime Congress serve as vital platforms for stakeholders to collectively shape the sector's future trajectory, making alignment crucial.

  • 5 things we learned from Roberto Mancini’s start with Saudi national team

    Whatever the performances and whatever the spin put on it all, for a new national team coach to lose his first two games is far from an ideal start. At this stage the performances are more important than the result but Mancini, who was appointed last month, will not want the media and fans talking about the lack of wins for too much longer. In some ways, the selection of opposition was not the best. Costa Rica and South Korea both present solid tests but are not the kind of world-beating teams that fans back in Riyadh, Jeddah and elsewhere would expect their side to lose to.

  • Mixed martial arts investment latest example of Saudi Arabia’s foray into global sports

    Georgetown University-Qatar visiting associate professor Danyel Reiche, an expert on sports and politics in the Middle East, said countries that try to use sports to improve their global standing can make up only so much ground. In Saudi Arabia’s case, its extensive spending is more about attracting major events to that country. The 2034 Asian Games already are scheduled to take place there.

  • Noor Riyadh 2023, the annual festival of light and art in Saudi Arabia, announces dates and themes for its third edition

    Noor Riyadh Festival returns for its third edition, which will feature over 120 artworks by more than 100 artists across five hubs in the capital of Saudi Arabia, from November 30 to December 16 The festival features local and international artists and offers diverse workshops, thought-provoking seminars, and stimulating artistic discussions.

  • Red Sea Global Partners With EDF And Masdar For 25-Year Solar-Powered Amaala Project In Saudi Arabia

    Red Sea Global (RSG), the developer behind Amaala and The Red Sea, has partnered with French utility firm EDF and clean energy company Masdar to establish a 25-year concession agreement for a multi-utilities infrastructure facility serving the Amaala destination. Similar to The Red Sea, Amaala will rely entirely on solar energy, reducing CO2 emissions by nearly half a million tons annually.

  • Saudi prince sees bright future for esports partnership with China

    China's fast-growing esports sector will continue to attract Saudi capital in the years ahead providing huge opportunities for gaming companies and talents in both sides, said a Saudi royalty. The gaming and esports sector in Saudi Arabia is experiencing rapid growth. This aligns with Saudi Arabia's Vision 2030 and economic diversification plans, aiming for long-term prosperity. The vision has enabled the exploration of new sectors, including gaming and esports, benefiting the country enormously, said Prince Faisal bin Bandar bin Sultan, chairman of the Saudi Esports Federation (SEF) and the Arab Esports Federation. Launched by the Saudi government in 2016, Saudi Vision 2030 is an economic and social reform blueprint designed to open the kingdom up to the world, and boost communication and coordination on regional and international affairs.

  • Saudi Arabia participates in international conference on combating sand storms held in Tehran

    Saudi Arabia participated on Monday in the International Conference on Combating Sand and Dust Storms held in Tehran, where it discussed it Sand and Dust Storm Warning Regional Center. CEO of the Saudi National Center of Meteorology, Ayman bin Salem Ghulam, stressed the kingdom’s efforts to mitigate climate change and combat sand and dust storms, citing the Saudi Green Initiative, introduced by the Crown Prince in March 2021, which is designed to tackle both local and global environmental challenges. The Middle East Initiative aims to plant 50,000,000,000 trees, which is equivalent to five percent of the global afforestation target.

  • Saudi trade with G20 countries worth $421bn, India a key partner

    Saudi Arabia’s trade with G20 countries reached $421bn last year and the Kingdom is looking to boost its economy with key partners.