A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed deals worth billions of dollars into Africa’s most industrialized country — and more corporate action is in the pipeline.
The rush of deal-making is part of a broader Gulf drive into Africa, with the United…
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…
Saudi Arabia’s Ministry of Industry and Mineral Resources has announced the winning companies for its first mineralised belts licensing round, covering Jabal Sayid and Al-Hajjar sites. The winning companies include Noring Ajlan & Brothers
Mining Company for the Southern Al-Hijjar site and a consortium of ARTAR, Gold and Minerals Ltd. and Jacaranda
for the Northern Al-Hajar site,…
Al-Khuraiji conveyed to Deby and his people greetings and well wishes from King Salman and Crown Prince Mohammed bin Salman
AMDJARASS: Saudi Arabia’s Deputy Foreign Minister Waleed Al-Khuraiji met recently with Chad’s President Gen. Mahmat Idriss Deby Itno in Amdjarass.
Al-Khuraiji conveyed to Deby and his people greetings and well wishes from King Salman and Crown…
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…
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…