GLOBAL: Gulf Islamic Investments (GII) is planning to invest around US$1 billion in Saudi Arabia, with US$600 million in a Saudi healthcare company, Bloomberg reported citing Co-Founder Mohammed Alhassan, who said the company is also looking at logistics and cloud kitchens in the Kingdom. ...
The United States and Japan have been the leading foreign investors in Saudi Arabia in recent years,according to the Saudi Arabian General Investment Authority (SAGIA).Between April 2000,when the SAGIA was created,and 19 May last,foreign investment totaled SR 57.61 billion (US15.36 billion),of ...
The government of Saudi Arabia realizes how beneficial foreign investors are to the local economy. That is why they offer many attractive incentives for doing business within the Kingdom.
June 3, 2022 US lawmakers will launch a probe into Saudi Arabia’s $2 billion investment in Jared Kushner’s firm. “Today, Rep. Carolyn B. Maloney, Chairwoman of the Committee on Oversight and Reform, sent a letter to Jared Kushner, son-in-law of former President Trump and former seni...
The Saudi Arabian General Investment Authority(SAGIA)and Swicorp,a Swiss-based investment banking firm operating in the Middle East and North Africa(MENA)region,have set up a consortium to invest in energy-related projects and infrastructure in Saudi Arabia.The consortium is known as Swicorp Jous...
Last week, Saudi Arabia’s Ministry of the Environment, Water and Agriculture (MEWA) and the United States’ Department of Energy (DOE) signed a Memorandum of Understanding (MoU) for long-term cooperation in the field of desalination science and technology. According to the...
“The President should not meet with the Crown Prince, or talk with him, and the Administration should consider sanctions on assets in the Saudi Public Investment Fund he controls that have any link to the crime,” Schiff said in a statement. Sen. Ron Wyden, an Oregon Democrat, called ...
“The changes in Saudi Arabia have opened up a lot of opportunities for industry leaders who would look at the Kingdom as the fastest growing market for entertainment.” More than US$3.54 billion investment in cinema screens across the Gulf is expected to help the region’s cinema industry ex...
UBS Saudi Arabia is a subsidiary company of UBS AG. The two business groups of UBS AG carry out business in Saudi Arabia through UBS Saudi Arabia: Investment Bank provides services to corporate and institutional clients with expert advice, innovative solutions and outstanding execution for both simp...
As Paddy Padmanathan, chief executive officer of middle eastern renewables firm ACWA Power Co., said in an interview at the Future Investment Initiative conference in Saudi Arabia, “[Solar] costs are going to go up. It’s immediate. Technology driving down costs won’t happen as fast as in...