Browsing: saudi arabia

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.

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GCC trade with Egypt continues to increase, with Egypt exporting USD 4.5 billion to the GCC.

FDI in the Arab world largely centered on the UAE between 2002 and 2021 according to a report by Dhaman.

ACWA Power signs deal worth up to USD 1.5 billion that will provide power to over 1 million households in partnership with Hassan Allam Holding.

Saudi Crown Prince Mohammed bin Salman is set to embark on a regional tour to bolster international co-operation.

According to startup and investment platform Wamda, MENA region startups raised USD 176 million across 42 deals in May.

Saudi Arabia has been invited to invest in the Djibouti International Free Trade Zone, which is strategically located along coastal trade routes valued at USD 2 trillion USD.

The UAE’s non-oil foreign trade reached record levels of USD 136 billion in the first quarter of 2022, according to WAM, the UAE’s official news agency. The news comes as the UAE increasingly attempts to move away from its dependency on hydrocarbons.