Browsing: FDI

MENA unicorns set to emerge due to favorable regional conditions, according to a recent report by Saudi firm STV.

Saudi Arabia’s sovereign wealth fund, The Public Investment Fund (PIF) has launched the Saudi-Egyptian Investment Company (SEIC) in order to place investments across a wide range of sectors of the Egyptian economy, from infrastructure and real estate to pharmaceuticals.

MENA startups raised USD 105 million in July, the lowest monthly amount recorded so far this year, according to regional startup investor and development platform Wamda.

Saudi Arabia has announced the launch of The Saudi Investment Promotion Authority (Sipa). The Saudi Ministry of Investment said that Sipa was created as part of a directive issued by King Salman and Crown Prince Mohammed bin Salman.

AD Ports and Hong Kong operator and port investor Hutchison Ports will work together to expand operations across the GCC, Asia and Africa.

Foreign direct investment (FDI) in Egypt grew by 183% in Q1 2022, according to the Central Bank of Egypt (CBE). Q1 saw inflows of USD 4.1 billion, compared to USD 1.4 billion over the same period last year.

Imperial, a transportation, logistics and supply firm owned by DP World, Dubai’s multinational logistics company, has increased its stake in Botswana’s PST Sales & Distribution (PST) from 38% to 72%.

Backed by local and international capital, Cartona seeks to “turbo charge” expansion.

Bilateral trade between South Africa and Qatar reached USD 177.4 million in the first half of 2022, according to South Africa’s ambassador to Qatar, Ghulam Hoosein Asmal.

Africa’s emerging markets are seeing increasing levels of investment, as investors seek out unique firms and engaging products and the continent exhibits huge potential.