SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Saudi Arabia’s Foreign Direct Investment Hit Decade-High in 2021 on Aramco Deal

    Saudi Arabia’s foreign direct investment reached the highest level in more than a decade last year, mainly due to an oil pipeline deal in the second quarter. Foreign direct investment in 2021 totaled $19.3 billion, the most since 2010, according to data published by the Saudi central bank on Monday. The bulk of that was from state oil company Saudi Aramco selling a $12.4 billion stake in an oil pipelines entity to investors led by EIG Global Energy Partners LLC. However even without that deal, FDI would have been at its highest level since 2016.

  • How investment insecurity pushes Iranian money outside Iran

    As Iran’s economic actors anticipate the outcome of the negotiations in Vienna to restore the 2015 nuclear deal, one thing is certain: Iran cannot count on massive investment from western countries even if an agreement is reached. Simply stated, large western enterprises will not risk investing in Iran for as long as there is a real possibility of yet another American unilateral exit from the accord after the 2024 US presidential elections.

  • Saudi Arabia Seeks to Turn Financial Market into Global Investment Platform

    “These enhancements mark a new chapter in the advancement of the Saudi capital market and align it with global best practices. Our aim is to provide local and international investors with a range of investment opportunities that benefit the Saudi economy and reinforce its position as an attractive global investment destination,” he underlined. Mohammed Al-Rumaih, CEO of Saudi Exchange at Tadawul, stated that the market would witness a strong momentum from the initial public offering, revealing that 70 listings were currently underway in the financial market and the Capital Market Authority.

  • Saudi Arabia’s Ministry of Investment and PIF-backed Jada partner to support start-ups

    Catalyse Saudi will host a series of events, the first of which will take place this month in Jeddah and Riyadh under the theme of disruptive technology. The events will bring foreign and Saudi entrepreneurs and investors together for networking, learning and engagement opportunities, the ministry and the fund said in a joint statement.

  • Impact of Technology Investment on the Economic Growth: the case of Saudi Arabia

    In order to ensure a realistic overview of the impact, the model runs for 31 years, with 1997 as the benchmark. This time span allows for the complete effect of introducing the technology progress into the economy. The results of the dynamic simulations, which cover the 13 years show that, overall, the economy does better when there is technology progress.

  • Saudi Aramco increases oil, gas, and hydrogen investments

    Aramco said it will raise its crude oil “maximum sustainable capacity” to 13 million barrels a day by 2027, up from 10 million in February.

  • Saudi Arabia hikes oil investments as it profits from price surge

    Aramco said it would boost its capital expenditure (capex) to $40-50 billion this year, with further growth expected until around the middle of the decade. Capex was $31.9 billion last year, up 18% from 2020 - indicating an increase of about 50% for this year at the middle of the guidance range.

  • Saudi Arabia hikes oil investments as it profits from price surge

    Aramco said it would boost its capital expenditure (capex) to $40-50 billion this year, with further growth expected until around the middle of the decade. Capex was $31.9 billion last year, up 18% from 2020 - indicating an increase of about 50% for this year at the middle of the guidance range.

  • Saudi Crown Prince approves investment of $151.9 billion by 2030 to catalyse kingdom’s GDP growth

    By Anup Oommen SHARE FB LN TW MAIL LN Saudi Crown Prince approves investment of $151.9 billion by 2030 to catalyse kingdom’s GDP growth Saudi Crown Prince Mohammed bin Salman has directed the National Development Fund to target more than a threefold increase of non-oil GDP to reach $161.25 billion (SAR 605 billion) by 2030, while generating new job opportunities in the kingdom Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud The Crown Prince of Saudi Arabia, Mohammed bin Salman bin Abdulaziz Al Saud, who is also the First Deputy Prime Minister and the Chairman of the National Development Fund (NDF), has directed the NDF to inject investments of $151.9 billion (SAR 570 billion) into the economy to catalyse the kingdom’s GDP growth. Additionally, Prince Mohammed bin Salman has directed the NDF to target more than a threefold increase of non-oil GDP to reach $161.25 billion (SAR 605 billion) by 2030, which also aims to generate new job opportunities in the kingdom.

  • Saudi Arabia’s Jadwa Investment launches real estate growth fund

    Saudi asset management and advisory company Jadwa Investment has launched a new real estate fund with a target size of 3 billion Saudi riyals ($800 million) as it seeks to capitalise on the growth of the kingdom's rapidly expanding property market. The Real Estate Growth Fund, launched in partnership with Tatweer Group, Numu Holding Company and Riyad Bank, is a close-ended, Sharia-compliant real estate investment fund, Jadwa said in a statement on Sunday.