Saudi Arabia keen to invest in multiple sectors in Brazil: PIF governor
Saudi Arabia’s sovereign wealth fund is keen to invest in Brazil across multiple sectors such as technology, renewables, and mining, said a top official. Speaking at the inaugural ceremony of the Future Investment Initiative Priority Summit in Rio de Janeiro on Wednesday, Yasir Al-Rumayyan, governor of the Public Investment Fund, said that the Kingdom will […]
Saudi Arabia leads global desalinated water production surge
Saudi Arabia has achieved remarkable global leadership in doubling its desalinated water production, signaling its unwavering commitment to meeting daily water demands, stated Abdulrahman Al-Fadley, Saudi minister of environment, water, and agriculture. Al-Fadley highlighted the Kingdom’s exceptional progress in expanding strategic storage capacities and extending water transmission lines. Moreover, he emphasized significant advancements in wastewater […]
Saudi EXIM forges key international partnerships during Greek visit
Saudi EXIM Bank and its Swedish counterpart have signed an agreement to enhance the Kingdom’s non-oil exports and explore trade and investment opportunities. In an X post following the deal, the Saudi lender stated that the memorandum of understanding with the Swedish Export Credit Agency was inked in the Greek capital, Athens. The agreement, signed by Saad […]
Saudi Arabia’s Ceer signs $2bn deal with Hyundai Transys to supply EV drive systems
Saudi Arabia’s pioneering electric vehicle brand, Ceer, has secured a monumental SR8.2 billion ($2.18 billion) agreement with Hyundai Transys, a South Korea-based company, to supply “EV Drive Systems” for its vehicles. Ceer stated in a press release that Hyundai Transys’ integrated Electric Drive System is a revolutionary three-in-one solution incorporating a motor for propulsion, an […]