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  • Saudi Arabia unveils new agricultural investment opportunities in Makkah region

    The Ministry of Environment, Water, and Agriculture (MEWA) has announced four new investment opportunities to develop integrated agricultural cities and a specialized wild seedling facility in the Makkah region. This initiative aligns with MEWA’s broader strategy to enhance food security, promote sustainable agricultural practices, and drive sector growth.

  • Saudi Arabia’s $1 Trillion Investment Plan Focuses On Clean Energy And Diversification – Report

    Saudi Arabia is set to embark on a $1 trillion investment drive across six strategic sectors by 2030, according to a report from Goldman Sachs Research. This ambitious plan, termed a “capex super-cycle,” will allocate approximately 73% of the investment to non-oil sectors, up from an earlier forecast of 66%.

  • Saudi wealth fund PIF’s asset base grew 29% in 2023 on continued investment momentum

    Saudi Arabia's Public Investment Fund, the kingdom’s sovereign investment arm, said its assets under management jumped 29 per cent to 2.87 trillion Saudi riyals ($765 billion) in 2023 as it continues to build its Saudi holdings and diversify its international portfolio of assets. The annualised returns for the sovereign wealth fund since 2017 rose to 8.7 per cent in 2023, up from 8 per cent a year earlier, the PIF said in its annual report published on Monday.

  • Charted: Investment Needed to Meet Battery Demand by 2040

    Battery demand is projected to increase ninefold by 2040. As a result, the battery industry’s total capex is expected to nearly triple, rising from $567 billion in 2030 to $1.6 trillion in 2040. Upstream, companies will focus mainly on lithium, nickel, copper, and recycling at the extraction stage.

  • Growing Restaurant Sector Attracts International Investment in Saudi

    Point-of-sale operations using the Mada payment system have shown an annual growth rate of 13.6%, increasing from SAR 78 billion in 2022 to SAR 89 billion in 2023. The growth in the restaurant market is projected to continue, reaching approximately SAR 168 billion by 2030.

  • Saudi Arabia boosts FDI landscape with new investment law updates

    Saudi Arabia’s Council of Ministers has recently approved the updated investment law, building on previous reforms under Vision 2030 and the National Investment Strategy. The Kingdom’s latest investment law updates bring together several existing freedoms and rights and apply them to investors under one unified framework, ensuring greater transparency, flexibility, and confidence for investors.

  • Saudi Arabia’s Athir raises new investment round

    Athir, a Saudi-based health tech company, has announced the successful closure of its first investment funding round. The round saw participation from Wa’ed Ventures, SHARE Investment Co., and RZM Investment. The “Athir HIS” system is the first fully integrated Saudi system for healthcare facilities, applied in both public and private sectors. This system integrates with various platforms like Absher, Sehhaty, Wasfaty, in addition to hospital healthcare systems and medical insurance management systems.

  • Saudi Arabia unveils updated investment law to facilitate foreign investors

    The updated law promises enhanced protections for investors, including adherence to the rule of law, fair treatment, and property rights, while ensuring robust safeguards for intellectual property and facilitating smooth fund transfers.  It streamlines the registration process, replacing complex licensing requirements with a simpler system, and introduces new service centers to expedite government transactions and investment procedures.

  • Saudi Arabia approves investment law update to level field for foreign and local investors

    The Council of Ministers on Sunday approved an updated investment law into one framework intended to provide investors with greater transparency, flexibility and confidence, Saudi Arabia's Ministry of Investment said in a statement on Sunday. “The law reaffirms Saudi Arabia’s commitment to creating a welcoming and secure environment for investors, driving economic growth, and enhancing the kingdom’s position as a premier global investment destination,” Khalid Al Falih, Minister of Investment, said.

  • Foreign Direct Investment in Saudi Arabia rises to $215 Billion

    These reforms have helped drive rapid investment growth, with gross fixed capital formation increasing by 74% from 2017 to nearly $300 billion in 2023.  Additionally, FDI stock increased by 61% from 2017 to 2023, reaching almost $215 billion in 2023, and FDI inflows have surged by 158%, jumping from $7.5 billion in 2017 to $19.3 billion in 2023.  These initiatives and developments, in addition to incentives, facilities, and enablers, have motivated investors to seek a positive, supportive, and stable investment environment, the Saudi Press Agency (SPA) reported.