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Graphic: Saudi Arabia Reshuffles Government Leaders, Modifies Ministries
- May 9,2016
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- SUSTG Team
Saudi Arabia’s King Salman issued a Royal Order on Saturday, May 7th, 2016 making changes to the government structure and key leaders. The Royal Order follows the recently released ‘Vision 2030’ economic and development plan to transform the Saudi economy and society into the 21st Century. The full text of the changes as issued by […]
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Jadwa Investment: ‘Vision 2030’ Plan May Help Saudi Avoid Significant Fiscal Deficit
- May 5,2016
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- SUSTG Team
Jadwa Investment’s recently released economic analysis on Saudi Arabia’s ‘Vision 2030’ finds that Saudi Arabia’s new plan to move toward sustainability may help it avoid a looming fiscal crisis. Calling the plan “major and ambitious,” the Riyadh-based Jadwa looks at what might hypothetically happen if Saudi Arabia were to do nothing about the harsh fiscal […]
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The 5 Major Changes Saudi Arabia’s Capital Markets Authority Made to Increase Foreign Investment in the Saudi Stock Market
- May 3,2016
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- Lucien Zeigler
Saudi Arabia’s Capital Markets Authority (CMA) has significantly lowered the barriers to entering the Saudi stock market as a foreign investor and increased the amount which a foreigner may own of a Saudi company, the bourse announced in a release today. “These rules were implemented with the aim of raising the bar in relation to investing […]
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Mining in Focus for ‘Vision 2030’ as Ma’aden Appoints Health Minister Khalid al-Falih Chairman, Reshuffles Board
- May 2,2016
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- SUSTG Team
Saudi Arabia’s ‘Vision 2030’ plan to diversify its economy identifies the mining and minerals sector as one of the top non-oil growth sectors for the Kingdom. Days after the Vision 2030 plan was announced the Saudi Public Investment Fund (PIF) reshuffled the board of the Saudi Arabian Mining Company – known as Ma’aden – and […]
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Commentary: Saudi Arabia’s Vision 2030, Don’t Miss the Point
- April 29,2016
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- Richard Wilson
While Saudi Arabia’s Vision 2030 was formally endorsed by the Saudi Council of Ministers and published on April 25, 2016, anticipation about the plan had been building for months. McKinsey & Company’s 165-page Moving Saudi Arabia’s Economy Beyond Oil in December 2015 confirmed the depth of the analysis underway within the Saudi government while Deputy […]
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The 13 ‘Programs’ in Saudi Arabia’s Vision 2030
- April 27,2016
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- Lucien Zeigler and Richard Wilson
Saudi Arabia’s Vision 2030 document, released on Monday April 25th, provides an ambitious roadmap for significant changes to the Kingdom’s economy and society over the next 15 years. The document highlights three general themes: a “vibrant society“, a “thriving economy“, and an “ambitious nation,” under which the document makes commitments to achieve progress on both […]
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Full Text: Saudi Arabia’s ‘Vision 2030’ National Transformation Program
- April 26,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, who is chair of the Council of Economic Development Authority (CEDA) and Minister of Defense presented the much-anticipated ‘Vision 2030’ framework of new policies to be pursued by the Saudi government. Here’s the full text of his presentation, as well as the Vision 2030 roadmap itself. The […]
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‘Saudi Vision 2030,’ Saudi Arabia’s National Transformation Plan for a New Saudi Economy, Launches with Media Push
- April 25,2016
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- SUSTG Team
Saudi Arabia’s has launched the ‘Saudi Arabia 2030’ National Transformation Plan (sometimes referred to as ‘Vision 2030’) today with a video announcement on Twitter and the first video interview with Deputy Crown Prince Mohammed bin Salman given to the news channel Al Arabiya. Details of the comprehensive plan are expected to include economic and social […]
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Deputy Crown Prince: Saudi National Transformation Plan Part of Larger ‘Vision for the Kingdom of Saudi Arabia’ to be Unveiled April 25
- April 18,2016
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- SUSTG Team
During another interview with Bloomberg last week Deputy Crown Prince Mohammed bin Salman said the “Vision for the Kingdom of Saudi Arabia” – a comprehensive plan the includes developmental, economic and social aspects and is intended to position Saudi Arabia for a post-oil era – will be announced on April 25th. The National Transformation Plan […]
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In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
- April 8,2016
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- SUSTG Team
In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]
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MUST-READS
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UAE InvestmentInvestments of UAE banks in Saudi Arabia and Egypt exceed $24bn
According to the bank data, these investments constitute 15.5% of the total assets of UAE banks, invested abroad, which amounted to about AED 582 billion during March. The United Kingdom holds the largest share of investments from UAE banks and their subsidiaries and affiliates with a value of AED 61 billion, according to Emirates News Agency (WAM).
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Saudi-based Dhad raises investment for its Arabic audiobook platform
Dhad, a Saudi-based audiobook startup has raised investment in a round led by Raed Ventures, the startup told MENAbytes today without disclosing financial details of the deal. The round was also joined by Khobar-based Vision Ventures, 500 Startups and Saudi angel network Oqal.
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Saudi-EgyptEgypt seeks Saudi investments in its new cities
The real estate sector accounts for about 22% of Egypt’s GDP. To revitalise the sector, the government introduced amendments to laws granting citizenship to foreigners who want to buy luxury properties in Egypt.
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Israel-PalestinePalestinians must sign on to investment programme if they want peace, Kushner says
The Trump administration launched a $50 billion economic formula for Israeli-Palestinian peace on Tuesday, saying an investment programme for the Palestinians was a precondition for ending the decades-old conflict.
- Washington Post - Palestinians in Gaza protest US Mideast plan
- TIME - Jared Kushner Tries to Sell His Middle East Plan to a Skeptical Audience
- Bloomberg - Trump Backs Unlikely Duo for Middle East Peace 'Deal of the Century'
- Reuters - Saudi minister says Kushner's plan could succeed if there is 'hope of peace'
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DuqmAfter Billions in Chinese Investment Oman’s Duqm Port Could Help Bypass Hormuz
Therefore, a $10.7 bn Sino-Oman industrial city and the Duqm Special Economic Zone (SEZAD) are being developed. Once ready, this will be the biggest SEZ of the MENA region.
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Saudi-JapanHigh-level investment forum aims to further boost business between Saudi Arabia and Japan
The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.
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Saudi-RussiaRussia, Saudi Arabia agree to strengthen trade, investment ties
Saudi companies are mulling investment in the Russian construction sector, gas chemical projects, ethanol production facilities, natural gas liquefaction projects, and agriculture, Novak said.
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Saudi InvestmentSaudi investments in US government bonds peak to $170bn in March
The PIF, along with the General Organisation for Social Insurance (Gosi), the kingdom’s pension fund, are focused on investments in US bonds. Although Saudi Arabia’s official foreign reserves have declined since 2014, when a three-year oil price slump jolted economies of oil exporting nations, the kingdom’s holdings of US government bonds peaked in March this year.
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PIFSaudi investment fund PIF ‘has $300bn in assets and counting’
We now estimate PIF’s assets at about $300 billion, of which one-fourth are invested abroad, including in … Blackstone’s infrastructure fund, Egypt’s investment fund, Russia’s investment fund, and Uber.
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Saudi-RussiaRussia’s sovereign wealth fund eyes $2bn investments with Saudi Arabia in 2019
Among the projects under review, Dmitriev added, are oil technology projects, the production of insulin and vaccines by Russian companies in Saudi Arabia, the construction of healthcare centres and joint projects in space exploration.
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