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Nigeria, Saudi Arabia Partner to Tap into $7.7 Trillion Global Halal Market

Nigeria has signed a cooperation agreement with Saudi Arabia’s Halal Products Development Company (HPDC) to establish Nigeria as a leading player in the global halal market valued at $7.7 trillion. The agreement will facilitate investment, technical cooperation, and market access across key sectors, including food production, pharmaceuticals, finance, and livestock for both countries. Speaking during the signing…

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SACE and ACWA Power Forge $600 Million Partnership to Advance Sustainable Energy Initiatives

Riyadh – SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, and ACWA Power, the world’s largest private water desalination company, leader in energy transition, and first mover into green hydrogen, have signed today two strategic documents to cooperate on new business opportunities, with a focus on renewable…

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Saudi Arabia Confirms Plans to Finance Key Infrastructure Projects in Nigeria

Abuja, Nigeria – February 2025 – Saudi Arabia has reaffirmed its commitment to financing major infrastructure projects in Nigeria, with a proposal to appoint a designated Nigerian counterpart to enhance project prioritization and communication for seamless execution. This was disclosed by the Chief Executive Officer (CEO) of the Saudi Fund for Development (SFD), Sultan Al-Marshad,…

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Prime Minister Drew Commends Saudi Arabia’s Commitment to Regional Economic Development

Prime Minister Drew Commends Saudi Arabia’s Commitment to Regional Economic Development Basseterre, St. Kitts – February 20, 2025 – During a high-level discussion at the Forty-Eighth Regular Meeting of the Conference of Heads of Government of CARICOM in Barbados, Prime Minister Hon. Dr. Terrance Drew extended heartfelt gratitude to His Excellency Adel bin Ahmed Al-Jubeir,…

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