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  • Crown Prince Mohammed bin Salman to Address FII – Watch Live
     

    Saudi Arabia’s crown prince Mohammed bin Salman is set to make a speech soon at the Future Investment Initiative in Riyadh, now in its second day. The prince will address attendees of the forum at the conclusion of today’s events. A live stream of the event is available on the FII’s website, http://www.futureinvestmentinitiative.com/. A panel event […]

     
  • FII Kicks Off in Riyadh
     

    The Future Investment Initiative (FII) kicked off today at the Ritz Carlton, Riyadh with a standing room only crowd despite an exodus of CEOs and other top executives in recent weeks. The PIF-organized event went forward as planned despite questions regarding the event’s timing, and saw a large crowd at the start of the event. The event […]

     
  • Special Economic Zone Created at Riyadh Airport to Attract Investment; New Jazan Project Launched
     

    Saudi Arabia announced the establishment of a special economic zone around Riyadh’s airport to draw more foreign investment, Reuters reports, citing the Saudi Press Agency (SPA). The zone, which will be located in King Khalid International Airport in Riyadh, will “focus on integrated logistics and enjoy special rules and regulations aiming at attracting more multinational companies […]

     
  • Blackstone Establishes Energy Investment Vehicle for MENA Region
     

    Blackstone, the world’s largest buyout group with over $15 billion of equity globally with the energy industry has established Zarou, a company designed to develop, finance, construct and operate energy-related projects in the MENA region. According to the Financial Times, Blackstone will team with Sameh Shenouda, former head of infrastructure equity investments at the UK’s development finance […]

     
  • Russia, Saudi Arabia Planned Rise in Production Before OPEC Meeting
     

    Russia and Saudi Arabia have struck a deal to raise oil output from September through December to cool rising prices, according to Reuters. The deal, struck in private in September, was then shared with the United States before a meeting in Algiers with other producers, according to four sources familiar with the plan cited by Reuters. The […]

     
  • PIF Says WSJ Report that Kingdom Has Shelved Solar Projects is ‘Completely Inaccurate’
     

    A spokesperson for Saudi Arabia’s Public Investment Fund (PIF) said via the Kingdom’s state-run news agency, the Saudi Press Agency, that media articles claiming that work has been shelved with respect to SoftBank and Solar Projects are “completely inaccurate.” The unnamed spokesperson said that the PIF “continues to work with the SoftBank Vision Fund, and other parties, on a number of large-scale, […]

     
  • PIF Launches Plans to Build Amaala, a Brand New ‘Ultra-Luxury’ Tourist Destination to Compete with Riviera
     

    Saudi Arabia’s Public Investment Fund (PIF) has announced the launch of Amaala, set to become an uber-luxury destination on the northwestern coast of Saudi Arabia that the Kingdom hopes will compete with the French Riviera for tourism dollars when completed. Amaala is a new 3,800 square kilometer project that aims to create an all-new concept […]

     
  • Uptick in Saudi-Pakistan Relations Following Visit of New PM Khan to Riyadh
     

    New Pakistani Prime Minister Imran Khan visited Saudi Arabia this week for meetings with high-level Saudi officials to discuss trade and diplomatic issues. Khan met directly with King Salman and Crown Prince Mohammed bin Salman during his visit. As a result of the Prime Minister’s meetings, Pakistan has reportedly invited Saudi Arabia to become the third […]

     
  • Saudi Arabia’s SABIC Gets Green Light to Buy 24.99% stake in Clariant, Creates Joint Venture
     

    Saudi Arabia’s SABIC has received a green light to go ahead with its planned acquisition of 24.99% of Swiss chemical company Clariant, and is now proceeding with a new joint venture with the company, according to the Wall Street Journal. SABIC will pay $2.5 billion for the stake and “now the two companies are creating […]

     
  • PIF-Backed Red Sea Tourism Company Names High-Powered Advisory Board
     

    Saudi Arabia’s Public Investment Fund (PIF) has appointed an international advisory board of business, tourism and environmental figures for its Red Sea tourism development. The announcement follows the selection of a former director of London’s Canary Wharf business zone, John Pagano, as chief executive of the project, which will see resorts developed on 50 islands […]

     

MUST-READS

  • Bill Gates’ investment firm to take control of Four Seasons in $2.21 billlion deal

    Bill Gates' Cascade Investment LLC is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for $2.21 billion, the hotel operator said on Wednesday. Cascade will acquire half of the billionaire prince's stake in Four Seasons, raising its ownership to 71.3% and valuing the hotel chain at $10 billion on an enterprise basis.

  • Saudi Arabia wants to be a major mining investment destination

    To meet the Paris Agreement goals on climate, the global supply of copper and rare earth minerals will need to increase by 40 percent, while nickel and cobalt needs will go up by 60 percent to 70 percent, and lithium requirements will expand by 90 percent.

  • Jadwa says Saudi investments in industrial sector hits a record in July

    Saudi Arabia’s industrial sector saw an increase in the total number of factories in the Kingdom with 10,138 factories as of the end of July, 40 percent of which were in the capital Riyadh, the Ministry of Industry and Mineral Resources said.

  • Saudi Arabia to host ‘one-stop-shop’ mining investment summit

    It's being described as the first-ever event to offer a "one-stop-shop" for investors, miners and other industry stakeholders, interested in learning more about the mining potential of the Middle East, Central Asia and North and East Africa. "We are putting mining and investment at the heart of the new Saudi economy," minister of industry and mineral resources Bandar Al-Khorayef said.

  • HSBC Saudi Arabia offers the first climate change focused investment fund in the kingdom

    HSBC Saudi Arabia is now offering the first environmental initiative investment fund in Saudi Arabia, known as the HSBC Global Equity Climate Change Fund, offering eligible investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation. This will provide interested customers participation and direct access to investments that help reduce the impact of climate change.

  • Saudi Vision 2030, Oman Vision 2040 offer joint strategic investment opportunities: Al-Falih

    The Saudi-Omani Investment Forum kicked off in Muscat Monday with the participation of Minister of Investment Eng. Khalid Bin Abdulaziz Al-Falih, Omani Minister of Commerce, Industry and Investment Promotion Qais Bin Mohammed Al-Yousef, and Chairman of the Omani Chamber of Commerce and Industry Redha Bin Jumah Al-Saleh.

  • Saudi investment minister visits Oman to boost economic ties

    Saudi Arabia's Investment Minister Khalid al-Falih was visiting Oman on Sunday to discuss opportunities in both Gulf countries, Saudi state news agency SPA said. The visit follows economic talks earlier this year after which Saudi Arabia said it was considering developing an industrial zone in Oman, a neighbouring country with a much smaller economy.

  • Saudi investment minister visits UK to widen trade prospects

    Saudi Investment Minister Khalid Al-Falih will take part in a series of meetings with UK business leaders during a visit to Britain in a bid to boost bilateral trade. The talks will cover the financial services, health, chemicals, hotel and hospitality, and manufacturing industries, among others. The minister said that more than 600 British companies were operating in Saudi Arabia and expressed aspirations that the meetings will contribute to increasing the volume of UK investments in Saudi Arabia.

  • Saudi Arabia’s Digital Technology Forum highlights investment opportunities in the Kingdom

    The IT and ET market segment size is predicted to grow at a rate of 10% CAGR, surpassing $27 billion by 2025. Similarly, the IoT market size is expected to grow at a rate of 26% CAGR by 2025.

  • Sectoral Investment Analysis for Saudi Arabia

    This study aims to investigate the determinants of short- and long-run investment behavior in Saudi Arabia for eight non-oil sectors.