Recent stories from sustg

  • Jadwa Saudi Chartbook for August 2012: Banking Indicators
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of banking indicators in Saudi Arabia, Jadwa found that “bank lending to the private sector jumped in June. Monthly growth was the highest since August 2009. In year-on-year terms it was at its peak since […]

     
  • ‘There is a large infrastructure boom happening in Saudi Arabia’
     

    Saudi Arabia is spending more than $60 billion on a logistics hub, airport improvement and roads to reduce travel time in the Arab world’s biggest economy. The investments also yielded the largest sukuk, or Islamic bond, offered in the Middle East this year and an initial public offering on the stock exchange in June. “There […]

     
  • Wealth Management in the Middle East: Boon or Bust?
     

    Middle Eastern policymakers and bankers will develop an indigenous wealth management industry which keeps the super-wealthy’s investments at home. Developing a local national wealth management industry requires letting in foreign competition, changing banking and securities laws, and growing local companies whose shares are worth buying. The first part of the article reviews trends in wealth […]

     
  • Gulf States Move to Diversify Income Sources
     

    Saudi Arabia, the world’s biggest oil exporter, has identified mining as a key investment area after oil and petrochemicals, and is spending an estimated $38 billion to develop two cities centered around mining…“The idea is to try and improve the range of benefits and advantages of doing business in the G.C.C. and in Saudi Arabia, […]

     
  • Jadwa Investment’s Saud June 2012 Inflation Report
     

    Jadwa Investment’s recently released June inflation report found year-on-year inflation for Saudi Arabia eased again in June, slipping to 4.9 percent from 5.1 percent in May, the first time it has been below 5 percent since August 2011. The Riyadh-based investment firm also found lower rental inflation caused most of the fall. Jadwa’s report is […]

     
  • Saudi Aramco to invest in new energy ventures
     

    Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said. Saudi Aramco Energy Ventures LLC (SAEV) plans to invest in start-up and high-growth ventures offering new technologies to the upstream and downstream […]

     
  • Study finds ’80 more years of Saudi oil at current production levels’
     

    Saudi Arabia, the biggest oil producer in the world with a proven reserve of 264 billion barrels, could continue oil supplies for the next 80 years at the current production levels, the Kuwait-based Diplomatic Center for Strategic Studies (DCSS) said in a study. Saudi Arabia retains 38.7 percent of world oil reserves whereas the shares […]

     
  • Why Saudi Arabia’s Travel and Tourism Sector Is Ripe for Growth
     

    Saudi Arabia’s travel and tourism sector is poised for rapid growth in the next decade and beyond, and both Saudi and international corporations are looking to cash in on the opportunities ahead. A product of the changing economic and social landscape in Saudi Arabia, the coming tourism boom is likely to contribute to the Kingdom’s […]

     
  • Saudi, UAE, Qatar top Cleantech list
     

    Saudi Arabia, the UAE, Qatar and Jordan are the most attractive markets for clean technologies, thanks to their government plans, budgets and long-term strategies, said a report by Ernst & Young. These countries have also demonstrated investments in large initiatives such as KACARE, Masdar and the ‘Green’ Fifa World Cup 2022, said E&Y in the […]

     
  • Saudi Mortgage Law Approved – Jadwa Flash Note
     

    Jadwa Investments released a flash note discussing the recently approved mortgage law in Saudi Arabia, which the bank believes “is a very important step in broadening home ownership.” The new mortgage law “will help to tackle one of the most pressing social issues for many in the Kingdom and will generate significant benefits to the economy. However, […]

     

MUST-READS

  • Real Estate
    Saudi investments in Dubai’s real estate crosses $6.18 billion

    Investors were the second biggest buyers in Dubai real-estate sector among GCC countries in 2014, according to a Dubai Land Department (DLD) report, with a total value of AED22.7 billion.

  • Saudi Stock Market
    Tadawul: Housing hopes boost Saudi; Egypt rises before investment summit

    Stronger oil and hopes that the government will speed up its housing programme lifted Saudi Arabia's stock market to a four-month high on Thursday, while Egypt rebounded ahead of a long-awaited conference to attract investment. Most Gulf markets were soft.

  • Aramco
    Saudi Exec Expects $1 Trillion Drop In Energy Investments

    A high-ranking Saudi Aramco executive says the plunge in energy prices already has caused many in the industry to cut spending on oil and gas projects, and the trend probably will continue for a few years, perhaps reaching a cut of $1 trillion in investments.

  • Saudi Gold Market
    Saudi gold investments poised to grow 20% to $3.7bn in 2015

    Gold market in Saudi Arabia is currently estimated at SR9 billion whereas the number of gold and jewelry shops is reaching 6,000 spread across the Kingdom. Some 250 factories are supplying markets with a variety of gold works but their number is expected to grow to 300 by the end of the year.

  • Tadawul Opening
    Saudi Arabia to Allow Foreign Investment in Changed Markets

    Saudi Arabia faces some unexpected marketing challenges as it opens its stock market to foreign investment.

  • Minerals and Mining
    Ma’aden spearheads Saudi mining sector development with $22b in investments

    The Saudi Arabian Mining Company (Ma'aden) investments have now exceeded SR85 billion making the Kingdom a major player in the phosphate and aluminum industry, according to Ma'aden sources who discussed in detail about Ma'aden's operation and plans during a media field trip to Ras Al-Khair.

  • Foreign Direct Investment
    SAGIA Deputy Governor Discusses Saudi Investment Environment

    Saudi Arabia’s massive spending on infrastructure and overhaul of its regulatory environment has made the country even more attractive for foreign investors.

  • Economic Cities
    More than $67 billion of investment for Saudi Arabia’s economic cities

    The objective of the economic cities is to grow the national economy and raise the standard of living for Saudis through enhancing the competitiveness of the economy, creating new jobs, improving Saudis' skill levels, developing regions and diversifying the economy. Each city is being developed by the private sector around at least one globally competitive cluster or industry, which will serve as an anchor and a growth engineer for the city, around which other businesses will locate.

  • Healthcare
    Saudi Arabia Liberalises Investment Rules In Healthcare Sector

    As per the new regulations, experienced healthcare professionals will be allowed to move freely within institutions in the Kingdom in an effort to improve efficiency. The amended regulations will also allow citizens who are not healthcare professionals to run hospitals in the country. Previously, only Saudi doctors or healthcare professionals were allowed to operate and manage medical institutions, local daily Saudi Gazette reported. In addition, the new rules will also allow global healthcare companies to invest in Saudi Arabia, the ministry of health said in a statement.

  • Real Estate
    Saudi investment firm Jadwa eyes real estate push

    Saudi Arabia's Jadwa Investment, one of the country's largest privately owned investment firms, says it is planning to invest in domestic real estate as it expands into new asset classes, hoping to cash in on booming demand for new homes. Supply of housing in Saudi Arabia lags strong demand, the result of rapid population growth and slow progress in government building programmes designed to ease the shortage.