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Press Dossier   By Date  04/05/2024
Saudi Arabia open to financing up to 75% of certain industrial projects, says minister
Saudi Arabia is open to providing up to 75 percent of financing for certain industrial projects, a minister has revealed in a bid to incentivize foreign investment and private sector players.
SAR sees 9% annual growth in cargo transported
The volume of minerals and goods transported by Saudi Arabia Railways reached 6.34 million tonnes during the first quarter of 2024, an annual increase of 9 percent.
Saudi financial sector expands ambitions, eyes foreign investment surge: report
Saudi Arabia aims to enhance its stock exchange appeal to foreign investors, targeting 17 percent ownership of free float shares by 2024, a new report has revealed.
Material sector dominates TASI trading in first quarter of 2024
The materials sector led trading on Saudi Arabia’s Tadawul All Share Index, accounting for approximately SR87 billion ($23.2 billion) or 15.11 percent of the market, according to TASI’s 2024 first-quarter report.
Saudi startups raised $3.3bn in last 10 years, says report
Startups in Saudi Arabia saw massive growth during the last decade raking in $3.3 billion in venture capital funding, according to a report issued by MAGNiTT.
Saudi authorities plan to boost assets under management to 29.4% of GDP in 2024
Saudi Arabia aims to enhance its stock exchange appeal to foreign investors, targeting 17 percent ownership of free float shares by 2024, a new report has revealed.
ACWA Power signs $4.85bn power purchase agreement for a wind energy project in Uzbekistan
Saudi utility firm ACWA Power has signed a power purchase agreement with the National Electric Grid of Uzbekistan for the Aral 5-gigawatt wind power project worth SR18.2 billion ($4.85 billion).
NEOM, Saudi Red Sea Authority sign MoU to develop marine tourism regulations
The Saudi Red Sea Authority and NEOM signed a memorandum of understanding on Friday to cooperate on developing legislation, regulations, and technology in marine tourism, reported the Saudi Press Agency.
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