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  • US-Saudi Arabia virtual summit focuses on trade, investment

    Participating companies included US industry leaders in waste management, information and communication technology, entertainment, travel and tourism, and transportation and mobility. The US government was represented by key officials, including Martina Strong, charge d’affaires at the US Embassy in Riyadh, and Diane Farrell, acting undersecretary for international trade.

  • What’s happening in the GCC’s inward investment market in 2021

    2021 will likely see a small flow of Israeli companies looking to establish operations in the UAE. However, this is unlikely to be the Klondike that many have predicted. Look beyond the few headline announcements, and there's not a vast FDI flow there.

  • Saudi investment fund assets rise 26% to $117bn in 2020

    The total amount of assets held by investment funds in Saudi Arabia increased by 26 percent year-on-year to SR442 billion ($117.87 billion) in 2020, according to data released by the Capital Market Authority (CMA). During the period, the number of investment funds in the Kingdom increased to 691 from 607 in 2019, with 254 public funds and 437 private funds.

  • Saudi Digital Authority to Augment Investment in Govt Technology

    Saudi Cabinet approval on Tuesday for the establishment of the Digital Government Authority (DGA) is expected to raise the kingdom’s place in the UN e-government ranking by adopting digital transformation in government services on a par with international standards.

  • Saudi Arabia’s PIF ends all interest in Newcastle to focus on Inter Milan investment

    La Repubblica reports PIF have ended all interest in buying Newcastle United and are entering takeover negotiations for Inter Milan with owners Suning. PIF were denied an original deal for the Newcastle by local authorities and are now turning their focus to Inter and Italian football. For Suning, the PIF approach would be preferred to BC Partners because it would be an investment for 30 per cent of the club.

  • Sudan officials, Saudi crown prince talk Red Sea investments

    The high-level Sudanese delegation flew to Saudi Arabia this week for a two-day visit as the northeastern African nation struggles to revive its ailing economy and secure a transition to democratic rule. After years as a pariah under now-ousted autocrat Omar al-Bashir, Sudan has increasingly returned to the international fold, overhauling its economy to attract badly needed foreign investment.

  • Saudi Arabia Public Investment Fund Joins The Race For A Stake In FC Inter

    Negotiations with FC Inter majority owner - Chinese e-commerce giant Suning Holding Group - are being led by PIF governor and manager Yasir Al-Rumayyan.

  • Saudi PIF Investments to Spur Corporate Credit Growth, S&P Says

    The Public Investment Fund’s goals, particularly in sectors related to construction, are expected to “offset the gradual lifting” of government support during the pandemic, analysts including Roman Rybalkin wrote Monday. Saudi Arabia’s $400 billion fund is increasingly playing a major role in diversifying the economy away from oil and developing sectors such as tourism. Over the next two years, its investments in the local economy are set to amount to more than 10% of government expenditure for 2021.

  • PIF makes billions on its investment in Lucid Motors

    There could also be an industrial benefit from the PIF-Lucid relationship. There has been increasing speculation that Rawlinson will choose Saudi Arabia as the first location for a manufacturing facility, with a site near Jeddah mentioned as a possible production plant.

  • Jadwa Investment launches mezzanine financing fund

    Jadwa set a new milestone for its investment advisory practice by crossing SR30 billion in assets under advisement (AUA) in 2020. This represents a significant increase over the firm’s AUA of SR13.4 billion at year end 2019. The introduction of investment advisory alongside Jadwa’s longstanding investment management services has also effectively doubled the firm’s total client assets, which stood at SR63.8 billion at year-end 2020.