Abdullah Al-Ajmi elected chairman of newly formed Saudi-Ethiopian Business Council
The Federation of Saudi Chambers announced the formation of the Saudi-Ethiopian Business Council, following the approval of the General Authority of Foreign Trade (GAFT). Abdullah Al-Ajmi has been elected chairman of the council, while Omar Al-Kharashi and Misfer Al-Shahrani are the vice presidents. Al-Ajmi said that Ethiopia is one of the largest economic powers and […]
Saudi housing sector secures key US deals to boost real estate development
Saudi Arabia’s housing sector has strengthened its international partnerships by signing five key agreements on real estate development and financing with major US companies. The deals aim to enhance the Kingdom’s mortgage refinancing market, expand property funding, and attract foreign investments. The country’s housing program has transformed the sector by expanding financial access, streamlining regulations, […]
Saudi Arabia to achieve FDI target of $24bn in 2024: Standard Chartered
Saudi Arabia’s updated investment law and a slew of recent reforms could help the country achieve its goal of attracting foreign direct investments worth $24 billion this year, according to an analysis. In its latest report, Standard Chartered said that the Kingdom’s future economic growth will be driven by rising FDI inflow, as well as […]
Saudi Arabia’s petchem sector boosted by new digital platform
Saudi Arabia’s petrochemical sector has received a boost with the Ministry of Industry and Mineral Resources’ digital platform delivering over 100,000 tonnes of raw materials to local factories. Launched in mid-2023, the platform, named “Availability and Competitiveness of Petrochemical Raw Materials,” is designed to tackle challenges related to the surplus of locally available raw materials […]