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  • Saudi Arabia unveils new aviation policy that seeks to attract $100 billion investments by 2030

    The GACA announced the adoption of three economic regulations for airports; ground handling services; and air cargo and air transport services, which will come into force on Oct. 30. The economic policy aims to boost the operation of the Kingdom’s airports and improve the performance of national air carriers, as part of the authority’s efforts to transform the Kingdom into a global hub for transportation and cargo services, according to a GACA statement.

  • Saudi minister foresees multibillion-dollar health sector investments

    Saudi Health Minister Fahad Al-Jalajel has predicted multibillion-dollar investment opportunities in the Kingdom’s health sector. And he noted that the value of biotechnology and vaccines business was set to grow to $35 billion by 2040. The minister’s forecast came as the three-day Global Health Exhibition, themed “Invest in Health,” opened on Sunday with Saudi priorities including health manufacturing, research, medical tourism, and digital health.

  • EU and Saudi Arabia reaffirm commitment to deepening investments

    Officials from the Saudi government and the European Commission meeting at a forum in Riyadh have reaffirmed their commitment to increasing and deepening the investment relationships between the two countries.

    Meeting at the Saudi-EU Investment Forum, the Saudi Minister of Investment, Khalid Al-Falih, and the Vice-President of the European Commission Green Deal, Interinstitutional Relations and Foresight, Maros Sefcovic, released a joint statement in which both parties recognised "the imperative of forging a deeper strategic partnership between Saudi Arabia and the European Union".

  • Real Madrid closes new deal with Saudi Investment Bank

    Real Madrid have closed a new sponsorship deal with Saudi Investment Bank (SAIB), a leading financial institution in Saudi Arabia. The agreement aims to introduce unique customer experiences to the bank’s clients and connect with Real Madrid fans in the Kingdom.

    SAIB will become an official partner of Real Madrid and will have access to exclusive benefits and opportunities, such as hosting events, offering promotions, and creating digital content with the club. The partnership will also help SAIB to expand its customer base and enhance its brand awareness in Saudi Arabia and beyond.

  • Saudi Arabia’s NEOM develops its own investment fund

    NIF will primarily focus on global investments through mergers and acquisitions and venture capital investments in technology startups to drive growth in next-generation industries. The investment fund also intends to establish joint ventures and partnerships with major multinational companies, institutional investors, and innovators within NEOM.

  • Quick takeaways on the United States’ historic investment in clean hydrogen hubs

    This past Friday, October 13, the US Department of Energy (DOE) announced $7 billion in funding for the country’s first clean hydrogen hubs (H2Hubs), as part of the 2021 Bipartisan Infrastructure Law. The announcement represents the single largest public investment in US hydrogen to date and is expected to have a significant impact on the technology’s development. Here are some takeaways from the announcement.

  • SRJ Sports Investments (SRJ), the sports-focused fund launched in August by Saudi Arabia’s Public Investment Fund (PIF), has appointed Danny Townsend as its chief executive officer

    SRJ Sports Investments (SRJ), the sports-focused fund launched in August by Saudi Arabia’s Public Investment Fund (PIF), has appointed Danny Townsend as its chief executive officer.

    “Danny will help drive SRJ’s ambitions to deliver long-term impact through strategic, sustainable investments” Bander Bin Mogren, SRJ chairman, said in a statement. “The Board of Directors are confident in Danny’s leadership and strategic vision for the organization, and we look forward to achieving great success together.”

  • Future Investment Initiative: Saudi Arabia Brings Together the World to Shape Tomorrow’s Economy

    The Future Investment Initiative conference kicked off in Riyadh on Tuesday with global and local investors stressing the importance of exploiting the available opportunities to advance international alliances and develop strategies that shape tomorrow’s economy.

    In an interview with Asharq Al-Awsat, CEO of Skytower Eric Fang said the Future Investment Initiative will focus on the impact of investment on humanity as an interactive program designed to help investors reset pathways for their companies and for the global economy, while developing new strategies to cope with the challenges and opportunities of the new era.

  • NEOM has today announced the inauguration of its strategic investment arm, the NEOM Investment Fund (NIF)

    NEOM has today announced the inauguration of its strategic investment arm, the NEOM Investment Fund (NIF), NEOM’s wholly owned subsidiary which is set up to support the buildout and development of NEOM’s 14 priority sectors and deliver long-term value while enabling creation of jobs in NEOM. NIF will invest globally through Mergers & Acquisitions and venture capital in technology startups, with a clear focus on pioneering growth companies and next-generation industries.  NIF will also develop Joint Ventures and partnerships with large multinationals, institutional investors and innovators within NEOM.

  • ‘Large influx’ of investments into Saudi Arabia’s tourism sector over last 3 years, official says: Video

    Mahmoud Abdulhadi, Saudi Arabia’s deputy minister of tourism destinations enablement, says the country has “very ambitious targets.”