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  • Brazil wants more trade, investment with Arab countries, says official

    Brazil wants to expand trade and investment with Arab countries, said a government official on Monday, amid ongoing talks for commercial agreements with Saudi Arabia, Lebanon and the United Arab Emirates. Speaking at the Brazil and Arab Countries Economic Forum, the secretary of foreign trade at the Economy Ministry, Lucas Ferraz, said closer relations are a high priority for Brazil and something that has great potential as the country seeks to boost the variety of goods it sells and buys abroad.

  • Saudi Offers 76 Investment Opportunities in Military, Defense Industries

    Speaking at a workshop recently organized by the General Authority for Military Industries in Riyadh, al-Hazmi revealed that coordination is underway for maximizing the benefit of national companies from procurement contracts and military spending.

  • Saudi foreign direct investment inflows rise 9.5% in first quarter

    Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, the investment ministry said on Twitter on Tuesday. The FDI inflows were at 7.4 billion riyals ($1.97 billion) in the first quarter of 2022, the ministry added.

  • Saudi Arabia investment gives yoga a new twist

    Yoga — an ancient art, science and sport combined — is getting a modern twist as Saudi Arabia begins planning specialist academies and training institutes to cater for the growing community of devotees in the Kingdom. As part of the 8th International Yoga Day, the Saudi Yoga Committee, in cooperation with the Ministry of Sport, launched its own page on the Nafes platform to encourage investment in yoga by opening halls, academies and institutes to train instructors, and to speed up the issuing of licenses for studios and centers.

  • Aramco plans 12GW renewables investment

    Saudi Aramco’s plan to invest in 12,000MW of renewable energy by 2030 entails investing in the kingdom’s national renewable energy programme as well as through affiliate investments in renewables and purchase of renewable energy certificates. “Those will likely primarily come in the form of investments in Public Investment Fund’s  (PIF’s) solar and wind projects,” an industry source tells MEED.

  • Energy investments not enough to solve energy crisis, IEA says

    Total energy investments are forecast to rise by 8% this year to $2.4 trillion, above pre-Covid-19 levels. A jump in spending on clean and renewable energy sources comprises the largest chunk of the rise, a promising sign for global efforts to reduce carbon emissions following years of lackluster growth, the IEA said. Clean energy investments grew by an average of 2% a year in the five years after the landmark 2015 Paris Climate Agreement. Since 2020, they have expanded by 12%, a significant increase but still far short of the levels required to meet climate targets, the IEA said.

  • Energy investments not enough to solve energy crisis, IEA says

    The worst global energy crisis in decades, brought on in part by Russia’s invasion of Ukraine, has left energy investments caught between longstanding efforts to transition to green energy and more immediate demands to rapidly ramp up supply to contain soaring prices. The latest figures, published by the Paris-based agency in an annual report Wednesday, suggest energy investments were struggling in both regards.

  • Int’l Companies Race over Investment, Partnership Deals for Saudi Ports

    Al-Jasser’s remarks were made during the signing ceremony of a new deal to establish a new fully integrated smart logistics park in Jeddah Islamic Port at an investment of over SR500 million ($133 million). The Saudi Ports Authority (Mawani) on Sunday signed an agreement with DP World, a world leader in global supply chain solutions. This is Mawani's fifth such deal following a series of agreements signed with local and global leading companies in maritime transport and logistics including Maersk, CMA CGM, LogiPoint and Bahri.

  • Morocco seeks Saudi financial support for its investment fund

    Morocco invited Saudi Arabia on Thursday to contribute to a fund to spur investments, seeking economic gains from its close political alliance with the Gulf monarchy. The Moroccan economy is expected to slow to 1.5% this year from 7.9% last year on the back of drought and imported inflationary pressures.

  • Saudi dairy giant Almarai plans to enter seafood category with $67m investment 

    Saudi-based dairy giant Almarai is looking to inject SR252 million ($67 million) as an initial investment to fund its entry into the seafood category. The investment will be used to fund Almarai’s seafood processing facility, according to a bourse filing.