Jazan’s economic zone is poised to attract SR11 billion ($2.93 billion) in foreign investments by the year 2040, leveraging the untapped mining reserves valued at over $1.3 trillion.
The Kingdom’s Industrial Production Index (IPI) rose by 3.2 percent in April 2023 compared to the same month the previous year, according to official data released by the General Authority for Statistics.
In a recent statement, the CEO of Diriyah, a historic site and cultural hub in Saudi Arabia, has expressed confidence in the country’s potential to become an alluring destination for Chinese tourists.
The announcement was made during a significant business event held in Riyadh, where Saudi Investment Minister Khalid Al-Falih emphasized the Kingdom’s potential as a gateway for China into the Arab world.
Hamriyah Free Zone, a prominent industrial and business hub in the United Arab Emirates (UAE), has recently announced a strategic partnership with Infinite Mining & Energy to establish a state-of-the-art and multifunctional oil refinery.
According to a report by the Central Bank of the UAE, bank investments in the country reached an all-time high of Dh548.5 billion by the end of March.
Kanoo Energy, a leading provider of industrial services in Bahrain and Saudi Arabia, has recently signed three significant agreements with the Abu Dhabi National Oil Company (ADNOC). The agreements focus on the manufacturing of valves, flanges, and the establishment of a reverse engineering facility in the United Arab Emirates (UAE). This collaboration aligns with the […]
The World Green Economy Summit (WGES) has emerged as a powerful force in advocating for the realization of the green economy and the achievement of net-zero emissions.
Canada’s leading asset management firm, Brookfield Asset Management, has announced its agreement to acquire payments provider Network International for a cash offer of 2.2 billion pounds ($2.76 billion).
Floranow, a leading online floral marketplace, is experiencing remarkable growth and gaining substantial traction in the Saudi Arabian market.