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

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

Business, InvestmentMarch 11, 202546Views 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, 202549Views 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…

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

Business, Investment, Nigeria, SaudiMarch 2, 202540Views 0Likes 0Comments

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…

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

Business, InvestmentFebruary 26, 202543Views 0Likes 0Comments

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…

Saudi Arabia Confirms Plans to Finance Key Infrastructure Projects in Nigeria

Business, Finance, InvestmentFebruary 26, 202548Views 0Likes 0Comments

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,…