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  • Key Saudi economic sectors set to receive investment boost amid Vision 2030 spending

    Key sectors of Saudi Arabia’s economy, from real estate to tourism and energy, are set to benefit from investments flow through the Vision 2030 programme as the kingdom continues to diversify its economy, according to S&P Global Ratings. These sectors including digital infrastructure, food and agriculture healthcare, telecoms and utilities will see significant spending growth over the medium and long term, with funding to come largely from the debt capital markets, the rating agency said in a report.

  • Key Saudi economic sectors set to receive investment boost amid Vision 2030 spending

    Key sectors of Saudi Arabia’s economy, from real estate to tourism and energy, are set to benefit from investments flow through the Vision 2030 programme as the kingdom continues to diversify its economy, according to S&P Global Ratings. These sectors including digital infrastructure, food and agriculture healthcare, telecoms and utilities will see significant spending growth over the medium and long term, with funding to come largely from the debt capital markets, the rating agency said in a report.

  • Saudi Arabia, China sign agreements on hydrogen energy, direct investment

    Saudi Arabia and China have signed several memorandums of understanding including on hydrogen energy and encouragement of direct investment during Xi Jinping’s visit to the Kingdom, the official Saudi Press Agency (SPA) reported on Thursday.

  • United States Is World’s Top Destination for Foreign Direct Investment

    The United States recorded the largest increase of inward foreign direct investment of all economies in 2021. The latest release of the IMF’s Coordinated Direct Investment Survey shows the US position increasing by $506 billion, or 11.3 percent, last year. For the 112 economies that reported data, inward FDI positions rose by an average of 7.1 percent in national currencies. In dollar terms, this global growth figure translates to only 2.3 percent, due to the recent strengthening of the greenback.

  • Factbox: Saudi-China energy, trade and investment ties

    Saudi Arabia is China's top oil supplier, making up 18% of China's total crude oil purchases, with imports totalling 73.54 million tonnes (1.77 million barrels a day) in the first 10 months of 2022, worth $55.5 billion, Chinese customs data shows. Oil imports last year amounted to 87.56 million tonnes, worth $43.9 billion, making up 77% of China's total merchandise imports from Saudi Arabia.

  • Factbox: Saudi-China energy, trade and investment ties

    4 minute readDecember 6, 20227:11 AM ESTLast Updated a day ago Factbox: Saudi-China energy, trade and investment ties Reuters Chinese President Xi Jinping shakes hands with Saudi Arabia's Deputy Crown Prince Mohammed bin Salman during the G20 Summit in Hangzhou, Zhejiang province, China September 4, 2016. REUTERS/Damir Sagolj Dec 6 (Reuters) - Saudi Arabia will host a China-Arab summit on Dec. 9 attended by Chinese President Xi Jinping, with the leaders of the two countries expected to discuss trade ties and regional security. Xi's visit comes at a time when U.S.-Saudi ties are at a nadir, uncertainty weighs on global energy markets with the West imposing a price cap on Russian oil and as Washington warily eyes China's growing influence in the Middle East. Advertisement · Scroll to continue Report an ad ADVERTISING The Chinese delegation is expected to sign dozens of agreements with Saudi Arabia and other Arab states covering energy, security and investments, diplomats have told Reuters.

  • Will Saudi investment pledges in Iraq overcome barriers?

    Crown Prince Mohammed bin Salman Al Saud (MbS) announced in October that Iraq was one of five countries for which the Saudi Public Investment Fund had established regional companies to ease the investing process, adding to one previously established in Egypt. Planned Saudi investments in the projects are expected to amount to 90B SAR (24B USD) and will target multiple strategic sectors—including infrastructure, real estate, healthcare, financial services, manufacturing, and technology.

  • NBA for sale: Dubai, Qatar and Saudi on alert as basketball league looks to unlock $30tn investment opportunity

    The NBA (National Basketball Association) will let sovereign wealth funds, pensions and endowments acquire passive stakes in its teams, opening up to investors who manage assets that by some estimates exceed $30tn. The NBA’s board of governors voted to approve such investments, though any buyer would still be subject to league review and board approval, spokesperson Mike Bass said. The move extends the NBA’s push to get more institutional investors involved in team ownership.

  • Capital markets will have to plug growing investment gap in Saudi Arabia, S&P says

    Banks will be unable to meet the investment funding needs of Saudi Arabia’s corporate sector and capital markets will have to play a key role in bridging the financing gap as the kingdom continues to roll out new development projects. The government’s plans to develop mega projects across sectors and its investment commitments due to an increase in oil revenue means investment needs in the kingdom are significant and growing, S&P Global Ratings said in a note on Wednesday.

  • Saudi PIF announces $13bn investment in entertainment across 14 cities

    “SEVEN is redefining the future of entertainment in Saudi Arabia through our 21 entertainment destinations across 14 cities with more than 150 world-class attractions that enhance the quality of life for the people of Saudi Arabia. We are partnering with leading entertainment brands and will continue to do so to develop entertainment destinations like no other,” said Abdullah AlDawood, Chairman of SEVEN.