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 develop the Middle East market and ensure the Kingdom eventually becomes a global hub for gaming and esports, Nikkei Asia reported on Tuesday. Crown Prince […]
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 minister has revealed. Speaking at the International Economic Forum in St. Petersburg, Prince Abdulaziz bin Salman said the Organization of the Petroleum Exporting Countries, and its […]
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 Minister of Industry and Mineral Resources, Bandar Alkhorayef, made this statement during a round table meeting with investors and businessmen in the north African country, […]
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 latest report, the International Energy Forum said that the increasing capital expenditure needs are based on an outlook that sees demand for oil rising from […]
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 the French capital. The business platform enabled discussions and sharing of knowledge about several industries. The key objective of the event is to promote business […]