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

Business, Investment, SaudiMarch 14, 202541Views0Likes0Comments
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…

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

Investment, Nigeria, SaudiMarch 2, 202548Views0Likes0Comments
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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Nigeria, Saudi Arabia Partner to Tap into $7.7 Trillion Global Halal Market

Business, Investment, Nigeria, SaudiMarch 2, 202540Views0Likes0Comments
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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