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  • Saudi-China
    Chinese investment soars on back of Saudi reforms

    “We've seen huge growth in Chinese companies in the Kingdom. There was a 100 percent increase in entry to the Saudi market in the first half of 2019 compared with last year.”

  • Saudi-China
    Chinese delegation visits Saudi Arabia to discuss investment opportunities

    China's investment in Saudi Arabia, previously dominated by large-scale infrastructure projects, will shift to small and medium-sized enterprises to explore the Saudi market, said Lv Xinhua, chairman of the Council for Promoting South-South Cooperation (CPSSC). During a meeting held on Thursday in Riyadh at the Saudi Arabian General Investment Authority (SAGIA), Lv hailed the achievements made in the development of Chinese-Saudi economic and trade relations.

  • Construction
    Saudi construction market investments hit $63.5bn in Q2

    Saudi Arabia is the first largest construction market in the GCC with total investments of $63.5 billion in the second quarter of 2019, according to a recent report by BNC Construction Intelligence. During the first six months of 2019, project owners in GCC nations have also awarded new construction contracts worth $49 billion, a 33% jump compared to the corresponding period in 2018.

  • Indonesia
    Jokowi Courts Softbank, Saudi Prince in Pursuit of Investment

    Indonesia runs a current-account deficit, which makes it reliant on inflows from abroad. So far, it’s lagging most of its peers in the region in attracting FDI.

  • Economy
    Saudi economy is strong, investment-friendly, says Turki Al-Faisal

    Saudi Arabia’s economy is strong, solid and attractive for investments, Prince Turki Al-Faisal affirmed while pointing out to local and international data and figures confirming this. He made the remarks while addressing the 13th Annual Forum of BMG Group at the London Stock Exchange headquarters on Tuesday. Several senior officials and executives of Saudi and British financial and commercial companies attended the forum.

  • Banking and Finance
    Goldman Sachs Hires JPMorgan Banker for Saudi Investment Banking

    Goldman Sachs Group Inc. hired JPMorgan Chase & Co.’s Mohammed Nazer to join its investment banking team in Saudi Arabia, according to people familiar with the matter. Nazer will relocate to the kingdom from the U.S. where he’s currently based, the people said, asking not to be identified as the information is private. His appointment follows the departure of executive director Omar Abu Innab, who covered Saudi Arabia from Goldman Sachs’ regional headquarters in Dubai, some of the people said.

  • Entrepreneurship
    Saudi’s Misk Innovation, Seedstars and Vision Ventures launch growth accelerator for startups in MENA, to offer $100,000 investment

    Misk Innovation, the innovation arm of Misk Foundation, a non-profit established by Saudi crown prince Mohammad bin Salman to develop and empower country’s youth, has announced the launch of a growth accelerator for startups in the Middle East & North Africa. The accelerator has been launched in partnership with Seedstars and Khobar-based Vision Ventures, who will be investing $100,000 (collectively) in each selected startup. The selected startups will also have the chance to receive up to $1 million in follow-on funding from Vision Ventures and/or Seedstars.

  • Transportation
    Investment opportunities in the Saudi railway system

    With several projects and initiatives already underway with strong private sector participation, I strongly believe that there are considerable investment opportunities await domestic and international players who are eager to participate in the development of Saudi Arabia’s promising railway system.

  • Egypt
    Remittances of Egyptians abroad fall by 6%, foreign investment by 22%

    Despite Egypt’s package of incentives to encourage investors, net foreign direct investment declined by 22.8 per cent to about $ 4.646 billion.

  • Investment
    Saudi Arabia’s Future Investment Initiative announces 2019 forum dates

    Saudi Arabia’s Future Investment Initiative – commonly dubbed “Davos in the Desert” – will take place from 29-31 October in Riyadh, according to its official Twitter page.