Saudi Arabia: King Salman Energy Park’s Logistics Zone to begin operations in 2024
King Salman Energy Park (SPARK) has said that its Logistics Zone will begin operations in 2024. The Logistics Zone, an advanced, fully automated district, will feature the first and largest private dry port in the region, on-site customs clearance services and bonded warehouses. It will be operated and maintained by SPARK Logistics, a joint venture […]
Saudi Arabia receives 7.8 million tourists in Q1 2023
Saudi Arabia’s Ministry of Tourism said that the country received 7.8 million tourists during the first quarter of 2023. That figure, it says, represents its highest quarterly performance, and was achieved on the back of a 64 per cent growth compared to the same period in 2019. It added that the kingdom achieved second place […]
India’s crude oil imports from Saudi Arabia surges
India’s appetite for cheap Russian oil imports took a breather in August as monsoon rains dampened demand and refiners scheduled routine maintenance works. The world’s third largest crude consumer reduced oil imports from Moscow for the third consecutive month in August to 1.57 million barrels a day, down 24 per cent on the month and […]
Jada Fund collaborates with Aliph Capital to support Saudi SMEs
Jada Fund of Funds Company, a Saudi Arabia PIF-owned company, has strategically partnered with GCC-led investment manager, Aliph Capital, to support Small and Medium-sized Enterprises (SMEs). Under the partnership, Jada will invest in “Aliph Fund I,” a buyout fund managed by Aliph Capital. The move reinforces Jada’s commitment to supporting SMEs in the Kingdom of […]