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Investment

Saudi to invest $2.26bln in gold, phosphate projects

Investment, SaudiMarch 27, 202541Views 0Likes 0Comments

Saudi Arabia is planning to invest nearly 8.5 billion Saudi riyals ($2.26 billion) in gold and phosphate production projects in 2025, a newspaper reported on Tuesday. The state-owned mining company Maaden will pump the investments in these projects which aim to develop the resources of these metals, Almal newspaper said. The projects are part of long-term plans…

Cutting-edge Technologies in the Panama Canal: No More Miter Gates

InvestmentMarch 18, 202552Views 0Likes 0Comments

I s an alternative to the Panama Canal possible? Mexico is trying with the Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT). However, given the complexity and strategic importance of the project—especially after the expansion of the New Panama Canal in 2016—the challenge is anything but simple. But what truly makes the New Panama Canal extraordinary? Massive Freight Ships Can Cross the Panama Canal Thanks…

Saudi Arabia Raised by S&P as Economic Diversification Pays Off

Business, InvestmentMarch 18, 202549Views 0Likes 0Comments

(Bloomberg) -- Saudi Arabia’s credit rating was upgraded by S&P Global Ratings for the first time in two years, as the kingdom’s efforts to diversify the economy from oil pay off. The credit assessor moved Saudi Arabia up one level to A+ from A, according to a statement Friday. The outlook on the rating is stable. “The…

Zahid Group pursues new takeover talks with South Africa’s Barloworld

Business, Investment, SaudiMarch 14, 202555Views 0Likes 0Comments

A consortium led by Zahid Group is set to enter a new round of negotiations to acquire a controlling stake in South African construction equipment outfit Barloworld as part of a standby offer, after Barloworld shareholders rejected its initial offer for a full takeover over the pricing, Zahid Group Director of Investments Augostino Sfeir told Bloomberg. The initial offer failed…

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

Business, Investment, SaudiMarch 14, 202541Views 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, 202553Views 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…