Via Reuters, an article on Saudi Aramco’s investment interest in India: State oil giant Saudi Aramco is in investment discussions with companies in India, a senior executive said on Wednesday. “Hopefully we will see some announcements soon on investment in Indian companies,” Faisal Faqeer, senior vice-president, liquids to chemicals development, downstream, at Saudi Aramco, told […]
Read more »Courtesy of Forbes, an interesting look at Saudi Arabia’s $800 billion tourism moonshot — creating private islands, luxury hotels, theme parks, cruise ports, even a desert ski resort. The question remains: If they build it, who will come? Whatever your preconceived notion of Saudi Arabia as a travel destination is, it’s about to be get […]
Read more »Courtesy of The Africa Report, a look at Saudi Arabia’s ambitious economic foray into Africa as part of its drive to become a global power that is less reliant on energy: The monarchy hosted a Saudi-Arab-African economic conference in Riyadh in November, where it committed more than $500m into projects and investments in Africa through […]
Read more »Via Bloomberg, a look at how the kingdom’s emergence will make it even harder for the US and Europe to secure access to commodities: Saudi Arabia’s plunge into the world of mining has caught the industry’s attention as the nation prepares to deploy vast amounts of capital to diversify away from oil and gas. The kingdom […]
Read more »Courtesy of The Africa Report, an article on how East Africa may be in pole position to secure part of the $15bn earmarked by Saudi Arabia for critical minerals mining: Saudi Arabia is aiming to invest in mapping, exploration and production of critical minerals in East Africa, Alawi Swabury, CEO of the Africa Battery Initiative […]
Read more »Via Why Africa, a report on Saudi Arabia’s mining ambitions in Africa: Over the last couple of years, the Kingdom of Saudi Arabia (KSA) has opened the country to foreign companies to apply for prospecting rights, undertake mineral exploration and eventually develop mining operations in the Kingdom. At the same time the country has also started expanding their […]
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