Saudi: $177.06mln allocated by GADD through SAMI to develop local defense industry
The General Authority for Defense Development (GADD) and SAMI launched today two programs to support the localization of the defense development sector in the Kingdom of Saudi Arabia. The two programs, valued at SAR664 million, will run for 4 years and represent the first batch of GADD’s incentives programs for the sector. They include grants […]
PIF announces new investment company to boost Saudi car industry
A new investment company tasked with developing local supply chain capabilities for the automotive and mobility industry in Saudi Arabia has been announced by the Kingdom’s Public Investment Fund. Tasaru Mobility Investments will drive investments and partnerships with local and global private sector companies, according to a statement from PIF. It aims to support sector […]
Saudi Arabia’s electricity and gas supply sector sees 21.5% growth: GASTAT
Saudi Arabia’s electricity and gas supply sector grew by 21.5 percent in August compared to the same month last year, according to the General Authority of Statistics. The electricity and gas sector has consistently shown high annual expansion since the start of 2023. Factors contributing to this growth are the Kingdom’s investments in energy infrastructure, including […]