Saudi EXIM Signs Three Reinsurance Agreements with Leading Global Insurers to Strengthen Export Confidence, Mitigate Risks

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Saudi EXIM Signs Three Reinsurance Agreements with Leading Global Insurers to Strengthen Export Confidence, Mitigate Risks

Business, SaudiMarch 14, 202532Views 0Likes 0Comments

Riyadh, February 26, 2025, SPA -- The Saudi Export-Import Bank (Saudi EXIM) has signed three reinsurance agreements with Allianz Trade, Bpifrance, and American International Group (AIG). Saudi EXIM CEO Eng. Saad Al-Khalb signed the agreements during an official visit to the United Kingdom and France, where he led the bank’s delegation. This is part of its…

Saudi private sector powers $314bn investment boom, outpacing Vision 2030 target

Business, Investment, SaudiMarch 14, 202543Views 0Likes 0Comments

RIYADH: Saudi Arabia’s gross fixed capital formation rose to SR1.18 trillion ($313.68 billion) in 2024, marking a 5.3 percent annual increase, recent data showed. A report from the Ministry of Investment attributed this growth to rising non-government sector investments, which expanded by 7.6 percent during the year. The Kingdom’s GFCF has outperformed expectations, with cumulative investments from…

Egypt approves investment promotion agreement with Saudi Arabia

Business, InvestmentMarch 14, 202555Views 0Likes 0Comments

The Egyptian parliament yesterday approved an agreement on the promotion and protection of mutual investments signed between Egypt and Saudi Arabia last October, Gulf Online reported. According to a statement published by the Federation of Saudi Chambers on its official account on X, the approval by the Egyptian parliament will help create optimal conditions for investment exchange between…

More Saudi women take the lead with over 78,000 in senior roles, 551,000 business owners

Business, InvestmentMarch 11, 202547Views 0Likes 0Comments

RIYADH — In honor of International Women’s Day, Saudi Arabia’s General Authority for Statistics released data highlighting the increasing role of Saudi women in the workforce, leadership positions, and entrepreneurship. According to the report, Saudi Arabia is home to 9.8 million women, with 36.2% participating in the labor force as of the third quarter of 2024. The employment-to-population…

KSA approves rules to boost efficiency of investment promotion authority

Business, InvestmentMarch 9, 202559Views 0Likes 0Comments

RIYADH: The Kingdom approved the organization of the Saudi Investment Promotion Authority during a Cabinet meeting chaired by Crown Prince Mohammed bin Salman. Investment Minister Khalid Al-Falih described the move as a crucial milestone in fulfilling the authority’s strategic goals, adding that it demonstrates the government’s support for strengthening the investment ecosystem in the Kingdom, according…

Saudi Arabia’s Agricultural Revolution: Turning the Desert into a High-Tech Farming Hub & Lessons for Africa

Investment, Nigeria, SaudiMarch 2, 202550Views 0Likes 0Comments

Saudi Arabia, a country known for its vast deserts and arid climate, is pioneering innovative agricultural technologies to transform its barren landscape into a thriving food production hub. Using a combination of central pivot irrigation systems, desalination plants, underground aquifers, hydroponics, and drought-resistant crops, the kingdom is securing its food supply while setting a global example for sustainable desert farming. Africa, which faces…

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