Saudi interior minister inspects Hajj security forces preparations
Saudi Arabia’s Interior Minister Prince Abdulaziz bin Saud has inspected the preparations of the security forces for this year hajj, the Saudi Press Agency said early Tuesday. During the hajj […]
ACWA Power to raise capital by $1.9bn amid efforts to anchor growth strategy
Saudi utility firm ACWA Power will increase its capital by SR7.13 billion ($1.89 billion) amid efforts to anchor its growth strategy of tripling the assets under management by 2030. According […]
Saudi Arabia’s nominal gross fixed capital formation hits $84.7bn in Q1
Saudi Arabia’s gross fixed capital formation surged to SR317.5 billion ($84.7 billion) in the first quarter of 2024, marking a significant 7.9 percent increase compared to the same period last […]
Saudi Arabia to ramp up oil production capacity in the next 3 years – energy minister
Saudi Arabia will increase its oil production capacity from 2025 to 2027, before going back to the current level of 12.3 million barrels per day in 2028, the Kingdom’s energy […]
Saudi Arabia aims to become ‘global hub’ for gaming, esports
Saudi Arabia’s Savvy Games Group, owned by the Kingdom’s Public Investment Fund, is reportedly seeking deeper partnerships with game developers in Japan, including Nintendo and Capcom. The aim is to […]
Saudi Arabia seeks mining partnerships with Morocco, eyes industry transformation
Saudi Arabia seeks to leverage Morocco’s mining expertise, as both countries hold significant reserves and produce over 40 percent of the world’s phosphate fertilizer, said a top minister. The Kingdom’s […]
Oil and gas industry needs $4.3tn in investments by 2030: IEF
The oil and gas industry will need cumulative investments worth $4.3 trillion from 2025 to 2030 to meet growing demand and maintain market stability, according to an analysis. In its […]
Industry leaders call for increased collaboration in various sectors at Vision Golfe 2024
Industry leaders and experts explored opportunities in the field of supply chain and transportation and discussed ways to improve collaboration to achieve goals at the two-day Vision Golfe 2024 in […]
Saudi leaders congratulate Claudia Sheinbaum, Mexico’s new president
Saudi leaders congratulated Mexico’s new president on Tuesday, the Saudi Press Agency reported. King Salman, and Crown Prince Mohammed bin Salman sent separate cables of congratulations to Claudia Sheinbaum who […]
PIF prices inaugural sterling bond offering of $829m
Saudi Arabia’s Public Investment Fund has priced its inaugural sterling bond offering of £650 million ($829.80 million) under its existing Euro Medium-Term Note program. The issuance is part of […]
