Saudi Arabia, UK hold new session of strategic aid dialogue in London
Within the framework of the Strategic Aid Dialogue for Development and Humanitarian Aid between Saudi Arabia and the United Kingdom, the 2nd session entitled “Humanitarian Aid” was held on Thursday in London with the participation of a number of officials from both sides. During the session, the current humanitarian cooperation between the two sides […]
Investment Minister: Saudi Arabia is one of the most attractive markets for investment
The Investment Minister, Khalid Al-Falih, has emphasized that the Kingdom of Saudi Arabia has made significant progress in implementing its ambitious Saudi Vision 2030, having already achieved half of its objectives. The country is on track to double the size of its economy and diversify its investment areas, aiming to become one of the world’s […]
Saudi Arabia seeks to have 3 cities among top 100 global cities in terms of life’s quality
Saudi Arabia is seeking to have 3 cities among the top 100 global cities in terms of quality of life, Minister of Municipal, Rural Affairs and Housing Majed Al-Hogail said. During the National Transformation Forum, which is being held in Riyadh, he said that Saudi Arabia is now among the best 17 economies in […]
Saudi’s Ma’aden signs blue ammonia supply deal with Taiwan Fertiliser Company
Saudi Arabian Mining Company (Ma’aden) announced the signing of an agreement to supply blue ammonia to Taiwan Fertiliser Company (TFC), the first ever commercial shipment to Taiwan. The announcement, dated 8 March, was made on the company’s official twitter account. Additional details weren’t shared but Taipei-headquartered TFC is a producer of various types of fertilisers and […]
Saudi Arabia’s cement exports surge 67% in January 2023 – Aljazira Capital
Cement exports from Saudi Arabia surged 67.4 percent year-on-year to 638,000 tons in January 2023, Aljazira Capital said in its new report. In contrast, local sales for January 2023 stood at 4.29 million, falling 11.4 percent year-on-year and 2.5 percent per cent month-on-month. For 2022, domestic sales remained unchanged at 52.18 million tonnes, compared to […]
Saudi’s Beta Lab to invest in regional deep technology startups
Saudi Arabia has launched Beta Lab, a deep technology venture capital and co-creation studio, to focus on regional deep tech startups. The new platform was launched in partnership with the Saudi Ministry of Investment, Future Investment Initiative Institute (FII), KBW Ventures, and several global partners. The new studio will provide a range of services to […]
Prince Faisal, Cleverly review aspects of historic Saudi-British partnership
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan met on Monday with his British counterpart James Cleverly during an official visit to the United Kingdom. During the meeting, the two sides reviewed aspects of the deep-rooted and historical Saudi-British partnership and ways to enhance and develop them in various fields. They also exchanged […]
Marriott to open three new properties in Saudi luxury island hub
Global hospitality group Marriott International has signed an agreement with Neom, the developer of a major Saudi futuristic city, to open three properties on its luxury island destination Sindalah, situated in the Red Sea off the kingdom’s northwest coast. Sindalah is the first of a group of islands that will be developed in Neom […]
Saudi may privatise 300 public units
Oil giant Saudi Arabia is considering privatising nearly 300 public institutions within plans to expand the private sector’s role in the domestic economy, the Kingdom’s Finance Minister has said. Mohammed Al-Jadaan told South Korean businessmen in Seoul on Wednesday that the world’s largest oil exporter has embarked on the region’s largest privatisation programme that has […]
Saudi Arabia launches program to attract regional Headquarters of International Companies
The weekly session of the Council of Ministers, chaired by Crown Prince and Prime Minister Mohammed bin Salman on Tuesday, approved the regulations for halting services of abandoned or damaged vehicles. The Cabinet extended the corrective period, granted to owners of such vehicles, for another year to drop the vehicles from their personal […]