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  • Saudi Shura Council Calls for Encouraging Investments in Culture, Entertainment, Media

    The Saudi Shura Council has called on the Ministry of Investment to encourage investments in entertainment, tourism, culture, and media to support economic growth and increase employment opportunities. Dr. Yahya al-Samaan, assistant speaker of the Shura Council, said after Sunday’s ordinary session that the council was briefed on the Committee of Economy and Energy’s stance from the opinions of members on the annual report of the Ministry of Investment for the past fiscal year.

  • Saudi Arabia’s Public Investment Fund Invests In Stephen Ross’ Related

    Related closed on the deal with PIF in the first week of February, according to Vanity Fair, when the real estate market was still robust and the coronavirus pandemic hadn’t yet ravaged the global economy. The investment comes in the form of convertible debt, convertible into 15 percent of the development firm’s equity. Related is one of the most prominent private real estate developers in the country, with megaprojects such as the $25 billion Hudson Yards on Manhattan’s Far West Side, the Time Warner Center in Columbus Circle and Related Santa Clara in Northern California.

  • ‘The shopping list is being readied’: Saudi Arabia and Abu Dhabi are scouting for cheap investments after the coronavirus sell-off

    The fund is being "strategic and opportunistic," a senior Saudi official told the Financial Times, adding that the kingdom is looking at "very interesting areas" such as logistics, technology, and telemedicine.

  • Oil Price War Tests Saudi-Russian Investment Cooperation

    The PIF and RDIF formally began their partnership in July 2015, when the PIF committed to investing $10 billion across various sectors. By May 2017, the two sovereign wealth funds had created the Russia-Saudi Investment Fund with a reported $6 billion in committed capital. The joint fund prioritizes six sectors: food and agriculture, consumer goods and services, healthcare, pharmaceuticals, innovation and technology, and infrastructure.

  • Saudi petchem investments shrug off global capex cuts

  • Saudi Arabia Offers Investment Opportunities in 5 Vital Sectors

    Saudi government efforts are now funneled into promoting the Kingdom as an investment and tourism destination and a platform for commercial opportunity, especially in five vital sectors: healthcare, energy, industry, tourism and financial services. The first-ever US and Saudi Business Leaders Forum, a stop in a tour Saudi Minister of Commerce Majed Al-Qasabi is taking, was held to encourage investment in Saudi Arabia.

  • Saudi’s ‘Aanaab’ wraps up its first investment round with $1.5 million

    Aanaab platform offers online courses to enhance teachers’ and educators’ competencies through open learning. Teachers can enroll for free in various courses and opt to purchase a certificate of completion afterward. The platform also provides schools with premium solutions for teachers professionals within the school.

  • Saudi Arabia Revamps Approach To Investment In Bid To Recover Lost Ground And Attract Foreign Capital

    Saudi Arabia is shaking up its approach to attracting foreign capital, creating a new government ministry to take charge of the issue following several years of relatively poor performance. Inward investment into Saudi Arabia collapsed in 2017 when it plummeted 81% to $1.4 billion, down from $7.5 billion the year before. It recovered some of the lost ground the following year, when it rose to $4.2 billion, but it appears to have stabilized at a relatively low level.

  • Saudi ex-energy minister bounces back as investment chief

    “Falih’s return is a small surprise,” said Hasnain Malik, a managing director at Tellimer. “More important is the upgrade of the General Investment Authority to a full ministry, which underlines the importance of private sector home-grown and foreign direct investment (FDI) for the future of Saudi.”

  • Khalid Al-Falih Returns as Investment Minister

    Saudi Arabia’s former energy minister Khalid Al-Falih returned to government on Tuesday with a new appointment as investment minister, about six months after he was suddenly ousted from his posts. A series of royal orders created a separate ministry of investment and appointed Al-Falih to head it. Other royal orders created new ministries for tourism and sports and replaced the kingdom’s minister of media with Majid Al-Qasabi, on an acting basis. Al-Qasabi is a close adviser of Crown Prince Mohammed bin Salman.