Browsing: saudi arabia
South Africa and Saudi Arabia sign MoUs to increase investment in energy, water, green hydrogen, waste diversion, and logistics.
MENA startups raised USD 173 million last month as investment levels continue to fall in 2022, according to WAMDA and Digital Digest.
Elevatus raises funds with support from Global Ventures, Wa’ed Ventures and the Oman Technology Fund Venture.
erad, a Saudi-based fintech, gains support from regional investors to provide growth capital for regional online businesses.
ACWA Power will seek to expand its desalination projects across the region, with Egypt and Morocco seen as having high potential.
“RIA” is intended to compete against large Gulf carriers and to support Saudi’s tourism and passenger transfer drive.
Appetito, an Egyptian online grocery service and Purity, a Saudi-based IT infrastructure firm, have signed an MoU to expand the former’s services across the MENA region.
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.
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.