Saudi foreign minister to lead Kingdom’s delegation at World Economic Forum in Davos
Foreign minister Prince Faisal bin Farhan will lead the Kingdom’s delegation attending the World Economic Forum annual meeting in Davos next week, a statement from the Ministry of Economy and Planning said on Saturday. This year’s forum, held under the theme of “Collaboration for the Intelligent Age,” takes place amid significant geopolitical tensions, slow economic growth […]
Domestic demand propels Saudi cement sales up 12 percent
Cement sales in Saudi Arabia saw an annual increase of 12.33 percent in the fourth quarter of 2024, reaching 14.87 million tonnes, according to recent data. Figures released by Al-Yamama Cement showed this growth was primarily driven by strong domestic demand, accounting for 96 percent of total sales, while exports comprised the remaining 4 percent. […]
Nuclear power industry needs $120bn a year by 2030
Nuclear energy development funding needs to double to $120 billion a year by 2030 to meet the rising demand for infrastructure development, according to an analysis. In its latest report, the International Energy Agency said that both public and private investments are needed to meet the rising financial needs in the sector. According to the […]
Saudi energy minister calls for global efforts to address critical minerals shortage
Saudi Energy Minister Prince Abdulaziz bin Salman emphasized on Wednesday that achieving energy security and sustainability hinges on addressing the challenges related to the supply and extraction of critical minerals. Speaking at the Future Minerals Forum in Riyadh, Prince Abdulaziz highlighted that the primary energy security challenges of the modern world no longer revolve around […]
Private sector partnerships key to mining sector growth, says Al-Jadaan
The mining sector’s success in Saudi Arabia hinges on strong private sector partnerships, according to Finance Minister Mohammed Al-Jadaan. Given the significant investments and expertise required, the government alone cannot drive the sector’s growth, he said. Speaking on the second day of the Future Minerals Forum in Riyadh, Al-Jadaan emphasized the need for collaboration between […]
Saudi Arabia charts bold course to become global mining powerhouse at Future Minerals Forum
Saudi leaders and global experts outlined plans to position the Kingdom’s mining sector as a worldwide exploration, processing, and supply chain resilience hub at the Future Minerals Forum. On the second day of the event, held from Jan 14 to 16 in Riyadh, Saudi Arabia’s Minister of Investment Khaled Al-Falih emphasized the resilience required in […]
Mitsubishi Power highlights power generation tech in Saudi Arabia
Mitsubishi Power, a brand of Mitsubishi Heavy Industries, reaffirmed its commitment to Saudi Arabia at the Saudi Aramco In-Kingdom Total Value Add Forum in Dammam, where it participated as a platinum sponsor. The company highlighted its contributions to power generation technology, localization and sustainability, aligning with Saudi Vision 2030. In August, Mitsubishi Power took on […]
Saudi Arabia , Japan Strengthen Investment Ties
The Saudi Investment Promotion Authority has signed a memorandum of understanding (MoU) with Japan’s Mizuho Bank to enhance investment opportunities between the Kingdom and Japan. This MoU aims to leverage the authority’s expertise and resources to provide comprehensive support to Japanese companies looking to invest in the Kingdom or form partnerships with Saudi businesses. It […]
SAMA Launches Trial Phase of its E-Services Portal ‘eSAMA’
The Saudi Central Bank (SAMA) said in a press release today that it launched the trial phase of its new e-services portal, “eSAMA,” which enables individuals, government entities, and businesses to electronically access SAMA’s services. This initiative aligns with SAMA’s digital transformation strategy. The portal will automate services provided to various stakeholders through a unified […]
Mawani Boosts Saudi Arabia’s Position as Global Logistics Hub in 2024
The Saudi Ports Authority (Mawani) achieved significant milestones in 2024, further enhancing Saudi Arabia’s status as a global logistics hub. These achievements included improved international rankings for Saudi ports and the launch of major investment projects, all aligning with the objectives of the National Transport and Logistics Strategy. In 2024, Saudi Arabia’s global ranking in […]