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 […]
Riyadh Meetings Presidency Issues Statement on Syria
The Riyadh Meetings Presidency issued a statement on Syria today following a meeting convened at the invitation of Saudi Foreign Minister Prince Faisal bin Farhan Al Saud. The gathering built upon the ministerial discussions hosted in Aqaba, Jordan, on December 14, 2024. The meeting brought together foreign ministers and representatives from Bahrain, Egypt, France, Germany, […]
Saudi Arabia de-risks investments to attract foreign SMEs: Al-Falih
Saudi Arabia is de-risking investments for foreign small and medium-sized enterprises to encourage their entry into the Kingdom, according to a senior official. In an interview with Arab News on the sidelines of the Standard Incentives for the Industrial Sector program, Saudi Minister of Investment Khalid Al-Falih said the initiative aims to attract international SMEs […]
Saudi Arabia allocates $2.66bn to activate Standard Incentives Program for the industrial sector
Saudi Arabia announced the allocation of SR10 billion ($2.66 billion) to activate the Standard Incentives Program for the industrial sector, following a Cabinet approval last month. The announcement was made during the Standard Incentives for the Industrial Sector event on Jan. 11. According to a press statement, the initiative seeks to spur growth in the […]