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  • Saudi Private Sector to Explore Agricultural Investment Opportunities in 10 Arab Countries

    The AAAID was established in 1976 and contributes to the capital of 53 major agricultural companies across 12 Arab countries. The information revealed that the agricultural investment opportunities are available in Morocco, Mauritania, Tunisia, Oman, the United Arab Emirates, Egypt, Qatar, Iraq and Saudi Arabia.

  • Saudi-Greek Investment Forum Sees $3.7bn Deals On Energy, Economy And Technology

    Along with 21 investment agreements, Saudi Arabia and Greece also signed a deal to promote digital transformation and innovation in the fields of energy, including cybersecurity, while working to develop qualitative partnerships to localize materials, products and services related to all energy sectors and their associated supply chains and technologies.

  • Saudi-Greek Investment Forum Sees $3.7bn Deals On Energy, Economy And Technology

    During the investment forum, Saudi Arabia signed an agreement with Greece to extend a submarine cable to help the Kingdom become a “major player” in the digital economy, Saudi Minister of Communications Abdullah Al-Sawaha told Al-Sharq. “We seek for Saudi Arabia to be a magnet for cloud computing and building a new economy based on artificial intelligence,” Al-Sawaha said.

  • Saudi Arabia To Create $80 Billion Investment Fund For NEOM Megaproject

    Saudi Arabia also plans an initial public offering (IPO) for NEOM for 2024 to finance part of the enormous costs for building a mega clean-energy city on a plot of land the size of Belgium. The Crown Prince hopes that NEOM will eventually become self-sufficient and have a 13% to 14% return on investment, Bloomberg reports.

  • Saudi Arabia Receives Largest Share of China’s BRI Investments

    Saudi Arabia was the primary recipient of gas investments by about $4.6 billion, followed by Iraq. Saudi Arabia was the primary recipient of Chinese investments, while various countries saw no Chinese engagement in H1 2022, including Russia, Sri Lanka, and Egypt. According to the report, BRI finance and investments are steady at low levels in the first half of 2022 at $28.4 billion, compared to $29.6 billion in the first half of 2021.

  • Venture capital investments in Saudi startups triple to $584 million

    Saudi Arabia experienced a major increase in venture capital investment during the first half of 2022. Investment in Saudi startups rose 244% to a record high of $584 million compared to the first half of 2021. A total of 88 investors have made deals with Saudi startups this year, Saudi Venture Capital said in a press release. "Saudi Arabia has always been an attractive market for entrepreneurs and investors from the kingdom and abroad due to the huge size of this market,” said CEO Nabeel Koshak.

  • Aston Martin rejects Geely bid, welcomes Saudi investment

    Saudi Arabia’s Public Investment Fund, which also has a stake in McLaren, has become a new anchor investor and the second largest shareholder, spending £78 million (A$136.53m) for a 16.7 per cent stake in the firm. But Aston Martin’s board has summarily rejected a proposal from the Atlas Consortium – consisting of Geely and InvestIndustrial – to invest £1.3 billion (A$2.27b) in the British sports car manufacturer, saying “there is no basis for further discussion”.

  • Saudi Embassy: 18 Saudi-US Agreements Covering Space, Investment, Energy, Communications and Health Concluded

    The bilateral agreements, signed during US President Joe Biden’s visit to the Kingdom comprise 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu, and numerous private sector companies. They include a group of leading American companies, such as Boeing Aerospace, Raytheon Defense Industries, Medtronic and Digital Diagnostics, IKVIA in the healthcare sector, and many other US companies across the energy, tourism, education, manufacturing and textiles sectors. The Saudi Space Authority also signed the Artemis Accords with US Space Agency (NASA), which would allow it to undertake the joint exploration of the Moon and Mars in cooperation with the American space agency, while granting the Kingdom a seat in the international coalition preparing for the civil exploration and use of the Moon, Mars, comets and asteroids for peaceful purposes.

  • Saudi business giant eyes £1bn sustainable aviation fuel plant to kickstart UK green investment drive

    One of Saudi Arabia’s largest greentech specialists and manufacturing firms has outlined plans to invest billions in UK green infrastructure projects, with a £1bn sustainable aviation fuels (SAF) plant currently in the design phase.

  • Saudi Arabia’s new corporate law supports family firms, SME investments: Official

    The new Saudi Companies Law will play a pivotal role in providing an incubating and stimulating environment for investment, especially in family businesses and small and medium enterprises, according to the chairman of the National Center for Family Enterprises.