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  • Crown Prince Mohammed bin Salman to Visit Pakistan on Saturday, Announce $20b in Deals
     

    Saudi Arabia’s crown prince Mohammed bin Salman is set to make his first state visit to Pakistan on Saturday, where he will announce investment projects worth up to $20 billion, a senior official told VOA news. The investment is needed for Pakistan, which is cash-strapped and facing multiple regional political challenges with a recently-elected Prime Minister. […]

     
  • December Economic Data Shows Slight Cooling but Non-Oil Exports Grow, Jadwa Says
     

    The latest monthly economic chartbook released by Jadwa Investment found a cooling in some key economic data points, although the Saudi stock market soared by 10% in January as oil prices rose. The Riyadh-based Jadwa’s report found that POS rose by 10 percent while cash withdrawals were flat, and non-oil PMI index was marginally down […]

     
  • PIF-backed Saudi mortgage refinancing firm to expand offering in 2019 – Report
     

    The Public Investment Fund-backed Saudi Real Estate Refinance Company (SRC) expects to issue its first public sukuk this year and a second private placement in the next two weeks, while developing further plans to finance an expansion of the kingdom’s home mortgage market, according to reports. Saudi Real Estate Refinance Co., a unit of the kingdom’s […]

     
  • Saudi Arabia Sets Up New Company for NEOM Fully Owned by Kingdom’s PIF
     

    Saudi Arabia has established a new company to proceed with the development of NEOM, the planned $500 billion mega-city to be built in the northwest of the Kingdom, according to reports. The company will be owned by the government’s Public Investment Fund, according to a Reuters report, which cited the Saudi Press Agency. The new legal status of […]

     
  • Saudi Arabia Doubles Down on Industrial Development Program; Seeking over $400 Billion in Investment
     

    Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly $429 billion) in private sector investment over the next 10 years for an infrastructure and industrial program, according to an announcement over the weekend and at an investment conference in Riyadh today. Investments will be made through the National Industrial Development and Logistics Program (NIDLP), […]

     
  • Ambitious Saudi Entertainment Push Announced by GEA’s Turki al-Sheikh
     

    Saudi Arabia is looking to maintain heavy investment in the entertainment sector in 2019, according to comments made by a top Saudi official, as it looks to make good on key Vision 2030 economic reforms. Reuters reports that Saudi Arabia’s recently named chairman of the General Entertainment Authority, Turki al-Sheikh, said the Kingdom would put on […]

     
  • Report: The Oil Market Roller Coaster
     

    It has been a tumultuous six months for oil prices on international indices. Prices have slightly rebounded early in 2019 after a precipitous fall from over $86 in September on the Brent Index to just over $50 on Christmas Day. In response, the Saudi-led OPEC+ group agreed in December to cut prices to erode a global […]

     
  • A Gradual Pickup in Private Sector Lending in Saudi Arabia Seen in Monetary Update
     

    A recently-released report by Jadwa Investment finds a gradual pickup in private sector lending since April 2018 after showing a slowdown in 2017 and Q1 2018. The Monetary and Financial Update report from the Riyadh-based Jadwa looks at the Kingdom’s monetary policy and other key economic data. Jadwa Investment sees “a rising level of uncertainty” in the […]

     
  • Reports: Potential Deal for New Saudi Investment in U.S. Energy Sector
     

    Saudi Arabia is reportedly eyeing an investment in U.S. liquefied natural gas (LNG) in what would mark a “sea change in the energy flows between the U.S. and Saudi Arabia,” the Wall Street Journal reported Tuesday citing unnamed sources. The WSJ reports the “landmark decision” would mark a shift for Saudi Arabia, which in the past has been an energy […]

     
  • Positive Trends Seen in Latest Saudi Economic Data; Non-Oil PMI Up
     

    A recently-released report from Jadwa Investment found a positive trend in Saudi economic data for the month of November, with POS and cash withdrawals rising by 18 percent and 2 percent respectively, year-on-year, and growth in the non-oil PMI index. The monthly report from the Riyadh-based investment firm analyzes key macro and micro economic trends in […]

     

MUST-READS

  • Signa Sports Attracts Investment From Saudi Arabia’s Public Investment Fund

    The total investment by the group and other investors would total more than $370 million, according to people familiar with the matter, and link to Signa’s plan to go public in New York through its previously announced merger with Yucaipa Acquisition Corp. , a special-purpose acquisition company, or SPAC, led by California billionaire Ron Burkle. The deal could be announced as soon as Friday.

  • Saudi Solar Company Expands its Investments to France, Greece and Kazakhstan.

    Desert Technologies, one of the world's leading companies in the field of renewable energy, recently signed an agreement with contracting companies for the construction of a 12 MW solar photovoltaic plant on the Greek island of Trifyila. The project is Desert Technologies’ first investment in the Greek market with a capacity of 12 MW and spanning over 24 sites, the capacity of each being 500 KW. The project is funded by the Saudi Exim Bank under its established regulations aimed at financing the export of Saudi non-oil products and enhancing their presence in global markets.

  • Wa’ed announces a venture capital investment in Saudi-based industrial software company Fathom Solutions

    Wa'ed, the entrepreneurship arm of Saudi Aramco, has announced an undisclosed amount of venture capital investment in Fathom Solutions, a global software company driving digital business agility and operational data efficiency in various industrial sectors.

  • New Saudi investment strategy aims for $100 bln annual FDI flows – SPA

    Saudi Crown Prince Mohammed bin Salman gave details of a new investment strategy on Monday that aims to raise net foreign direct investment to 388 billon riyals ($103.45 billion) annually, the state news agency (SPA) reported. The new strategy also aims to increase local investments to 1.7 trillion riyals annually by 2030, SPA said.

  • Saudi waste recycling needs capital investments worth $26.6bn: SIRC CEO

    Speaking at a virtual meeting organized by the Federation of Saudi Chambers on Monday, Shiha said: “I invite business owners to invest in the waste recycling sector, which provides more than 77,000 jobs and raises the domestic product to more than SR120 billion."

  • Saudi Arabia Sees Record Inward Investment In Q2 Due To Aramco Pipeline Deal

    Saudi Arabia recorded its highest level of inward foreign direct investment (F.D.I.) in the second quarter of the year, with the figure soaring to $13.8 billion. It is the highest figure logged by the Saudi Central Bank (Sama) in records that go back to the start of 2006 and marks a dramatic rise on the performance of recent years.

  • Wa’ed approves SR1.9m venture capital investment in leading podcast training platform Mohtwize – Saudi Gazette

    Wa'ed, the entrepreneurship arm of Aramco, has announced a SR1.9 million venture capital investment in Riyadh-based Mohtwize, a leading podcast tech developer across the Mena region aiming to empower audio content creators through podcast training and providing sponsorship opportunities. The investment in Mohtwize, founded in 2018 by former podcaster Khalid Alkenaa, aims to create a sustainable business model for podcasts, a fast-growing medium in the Kingdom that already attracts 5.1 million regular listeners a week.

  • Saudi Arabia’s Asir region to become tourist hotspot with $13bn investment

    The natural assets of the region, including, coastline and desert as well as peaks, will underpin the tourism projects, as will the area’s cultural heritage. The region hosts more than 651 archaeological sites registered in the National Antiquities Register, and contains stones, inscriptions and drawings dating back to pre-Islamic times.

  • UAE and India talks aimed at boosting economic co-operation and investment

    The UAE delegation, led by Thani Al Zeyoudi, Minister of State for Foreign Trade, began four days of talks in India last week as the two sides seek ways to strengthen economic ties, the Ministry of Economy said on Sunday. UAE officials held several rounds of discussions including talks with India’s Finance Minister Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal, Minister of Civil Aviation Jyotiraditya Scindia and Minister of Electronics and Information Technology Ashwini Vaishnaw.

  • Jadwa Investment announces secondary offering for Saudi REIT Fund

    Jadwa Investment, a leading investment management and investment advisory in the Middle East and the largest manager of REITs in Saudi Arabia, has started Sunday the secondary offering of its Jadwa REIT Saudi Fund. The proceeds from the secondary capital raise will be used mainly to acquire The Boulevard Riyadh, a luxury retail and office complex in the north of Riyadh.