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NEOM to build Jaumur marina on the Gulf of Aqaba
NEOM has announced that it will build a new marina and community on the Gulf of Aqaba called Jaumur.
The board of directors of NEOM said that Jaumur will be designed to serve the highest standards of future livability and active…
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PIF’s Egyptian investment arm set to acquire shares in education-focused Social Impact Capital
Egypt’s Social Impact Capital is set to receive a significant financial boost as it announced a conditional agreement with the Saudi Egyptian Investment Co.
Under the terms of the deal, SEIC will subscribe for new shares in SIC, the…
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Riyadh Air, STA ink deal to launch new routes and destinations
Saudi Arabia’s second flag carrier Riyadh Air will soon announce more routes and destinations thanks to a new agreement with the Kingdom’s official tourism body.
The airline, backed by the country’s Public Investment Fund, inked the…
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Saudi bank loans up by 11% in March to hit $712bn
Saudi banks’ loans totaled SR2.67 trillion ($711.5 billion) in March, marking an 11 percent increase as compared to the same month in 2023, according to the latest official data.
Figures released by the Saudi Central Bank, also known as…
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Saudi government assets to remain strong through 2030: S&P Global
The Saudi government’s assets are forecasted to remain strong amid steady economic diversification efforts aimed at reducing the Kingdom’s dependence on oil, stated a new report.
According to S&P Global, the increasing debt issuance…
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SEC closes $3bn financing for 3.6GW capacity power stations
Saudi Arabia’s power generation is poised for a substantial boost following the successful closing of financing for two electricity projects, with a combined capacity of 3.6 gigawatts.
The deals involving the Taiba 1 and Qassim 1…
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Saudi Arabia’s Ades secures $136.2m deals in Qatar, Egypt
Saudi Arabia’s Ades Holding Co. continues to expand its regional footprint as it seals two contracts worth SR511 million ($136.2 million), highlighting its growing influence in the oil and gas sector.
Ades, which specializes in providing…
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Saudi Arabia’s NHC signs deal with Chinese company to boost building materials supply
Saudi Arabia’s building materials supply is set to get a boost with the signing of a deal between the National Housing Co. and a leading Chinese construction firm.
The agreement with China’s CITIC Construction Group seeks to establish an…
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Qatar’s non-energy private sector records improvement in April
Qatar’s non-energy private sector witnesses improvement in business conditions in April as the Purchasing Managers’ Index hit 52, compared to 50.6 in March, according to the latest data.
The Qatar Financial Center PMI is a composite…
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PIF’s Alat unveils electrification, AI infrastructure business units
Alat, a flagship company of the Public Investment Fund, unveiled two business units in electrification and AI infrastructure, to establish Saudi Arabia as a premier manufacturing hub globally.
The company unveiled its plans during the…
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