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 […]
NEOM ends successful KSA tour in Riyadh showcasing investment opportunities, government and industry leaders
Discover NEOM, the nationwide tour that has traveled the Kingdom highlighting the array of investment opportunities being offered by the Vision 2030 giga-project, made its last stop of its KSA tour in Riyadh today (March 2), with the event following the successful previous editions held in Jeddah and the Eastern Province. The final destination […]
Saudi Arabia’s Ministry of Economy and Planning and World Economic Forum’s UpLink launch food security challenge
On February 27, the Kingdom’s Ministry of Economy and Planning (MEP) launched the Food Ecosystems in Arid Climate Challenge in collaboration with the World Economic Forum’s UpLink and the Ministry of Environment, Water and Agriculture. Anchored in collaboration, the challenge is a global call for food entrepreneurs, start-ups, social ventures, and small to medium-sized enterprises […]
Bahri inks non-binding MoU with Suez Canal Authority for cooperation in establishing a joint venture
Driven by its commitment to exploring regional cooperation horizons to achieve its growth objectives and enhance its global position, Bahri, the national shipping company of the Kingdom of Saudi Arabia and a global leader in transportation and logistics, has signed a non-binding renewable six-month agreement with the Suez Canal Authority, an independent general Egyptian […]
$18.66mln surplus food in Makkah; benefits 19mln people
The director of Ikram association for food preservation in Makkah, Ahmed Al-Matrafi, has confirmed that surplus food in Makkah during 2022 amounted to SR70 million after being converted into main food for needy people in the region. He said that the association seeks to enhance food security, while reducing wasting of food. Ikram has […]