Browsing: saudi arabia

Real estate service provider Jones Lang LaSalle’s (JLL) latest reports have indicated that construction in the Middle East and Africa (MEA) region continues to grow despite increasing price pressure.

A Saudi delegation led by Royal Court adviser Ahmed bin Abdulaziz Kattan has visited a number of East and Southwest African states in an effort to boost economic and political ties while seeking support for the Kingdom’s hosting of Expo 2030 in Riyadh.

Ayman Al-Bayaa, CEO of Benya Group and Chairperson of Bunya Systems, said that the Saudi market offers an array of investment opportunities including data centers, smart city solutions and information security.

Startups from across the MENA region raised USD 297 million through 29 deals in April of this year.

Town from May 9-12, Saudi’s Ministry of Industry and Mineral Resources organized a virtual workshop in collaboration with the Ministry of Investment and the Embassy of South Africa.

Saudi Arabia’s Cabinet has approved an agreement signed with the Egyptian government regarding investments to be made by the Kingdom’s Public Investments Fund (PIF) in Egypt.

Saudi’s Khwarizmi Ventures has taken part in a seed funding round for Egyptian startup Pylon, an infrastructure management platform aimed at transforming electricity and water companies in emerging markets.

The move comes as a continuation of ongoing investments made by Gulf states in the Egyptian economy as it suffers from the impact of the Ukraine war.

The UAE and Saudi Arabia lead Gulf investment across Sub-Saharan Africa.

The GEC will run for four days and will host 150 speakers.