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  • Saudi-Sudanese Council Forms Committee to Address Saudi Investments in Sudan

    The "crisis committee" will hold weekly meetings to address the challenges facing Saudi investments and tackle any complaints. It called on Saudi investors facing investment problems in Sudan to reach out to the committee. Bahri stressed the need to protect and secure Saudi investments and solve any issues related to ensure their influential role in supporting the Sudanese economy.

  • Saudi Arabia Anticipates More Investment in Kingdom’s Logistics Sector

    Experts confirmed to Asharq Al-Awsat that the local market will likely see more investments, especially with the announcement of signing an agreement to establish the largest integrated logistics zone in the Middle East at the Jeddah Islamic Port (west of Saudi Arabia) with investments exceeding 500 million riyals ($132 million).

  • Foreign Direct Investment in GCC Countries: The Essential Influence of Governance and the Adoption of IFRS

    The results show that the adoption of International Financial Reporting Standards is a strong determinant that promotes foreign direct investments. As regards the governance quality, the block of Gulf Cooperation Council countries has fulfilled the minimum level of governance pre-conditions relative to foreign direct investments. In addition, governance indicators associated with law, rules, and corruption are more influential determinants for foreign direct investments.

  • Saudi Arabia Aims to Attract Cruise Ships With New Port Investments

    Five months after opening the first cruise ship terminal at Jeddah Islamic Port, the Kingdom has unveiled plans to build a second cruise terminal at King Abdulaziz port in Dammam, as well as develop four new berths both at King Abdulaziz port and Yanbu Commercial port.

  • Saudi Arabia’s race to attract investment dogged by skepticism

    Saudi Arabia could have a credibility problem if it keeps shifting the goal posts for the amount of foreign investment it wants to turn its vision of a future beyond oil into a reality, financial sources and analysts said. Five years since Crown Prince Mohammed bin Salman launched Vision 2030 to end the kingdom's dependence on fossil fuels, foreign direct investment (FDI) remains well short of targets.

  • KPMG Survey: Saudi Arabian CEOs look to prioritize ESG strategy, expect growth through M&A and digital investments

    The CEO Outlook Saudi Arabia 2021: Purpose-led and prepared for growth is based on a global survey among 1,325 CEOs including 50 in Saudi Arabia, taking additional insight from interviews with business leaders in the Kingdom. All respondents based in the Kingdom represent companies with revenues greater than $500 million and 60% of the companies have revenues greater than US$1 billion. Given increasing stakeholder pressure, CEOs are putting people first to drive societal return and 92% of surveyed CEOs in the Kingdom comment their response to the pandemic has caused their focus to shift to the social component of their ESG programs. On the other hand, a mere 30% of CEOs in the Kingdom feel they will struggle to meet diversity and inclusion expectations, compared to 56% globally.

  • Saudi Arabia-backed LIV Golf Investments announces new executives

    On Wednesday morning three more executives were announced to be working for LIV Golf Investments, a new golf entity backed by the Public Investment Fund which operates on behalf of the government of Saudi Arabia.

  • Trump Allies Are Prominent at Saudi Investment Conference

    Steven Mnuchin, the Treasury secretary under President Donald J. Trump, walked the halls between a fireside chat with the Bahraini finance minister and a series of meetings. The private-equity executive Stephen Schwarzman, a loyal adviser to Mr. Trump until late in his presidency, bemoaned the vilification of fossil fuel companies from the conference dais. The longtime chemical executive Andrew Liveris, who had been an adviser to Mr. Trump on manufacturing, praised Saudi Arabia’s economic expansion plans on the sidelines of the gathering.

  • Saudi crown prince’s investment forum draws back Westerners

    The three-day Foreign Investment Initiative, also known as “Davos in the Desert,” wrapped up Thursday with appearances by finance titans such as Larry Fink, chairman and CEO of the world’s biggest asset manager, BlackRock, who joined a panel that featured Goldman Sachs CEO David Solomon and South African mining billionaire Patrice Motsepe.

  • Saudi Arabia signs direct investment pact with UK in ‘next step’ for green initiatives

    Saudi Arabia and the UK signed a pact to promote direct investment between the two nations on Thursday, with the agreement marking the next step in Saudi-UK relations as they embark on ambitious projects in the road to net zero.