Via Bloomberg, a report that Saudi Arabia’s strong economic growth: Saudi Arabia’s gross domestic product expanded an annual 8.8% in the third quarter, keeping the oil-rich kingdom on track to be the fastest-growing among the Group of 20 economies this year. The final figure was slightly higher than a preliminary estimate of 8.6% due to […]
Read more »Via Recharge News, a report on a Saudi ACWA’s new $7bn hydrogen plan to unleash Thailand’s green power potential: Saudi renewables developer ACWA Power is partnering with the Thai state on a plan to develop a massive $7bn green hydrogen and ammonia plant in Thailand — the first of this size earmarked for the south […]
Read more »Courtesy of The Financial Times, a report on deals announced by Saudi Arabia as Crown Prince Mohammed bin Salman visited Seoul recently: Saudi Aramco has announced a $7bn investment in a petrochemical factory in South Korea, as part of a $30bn package of agreements between Riyadh and Seoul as Crown Prince Mohammed bin Salman forges […]
Read more »Courtesy of The Financial Times, a report on Saudi Arabia decision to open an economic zone in push for foreign investment: Saudi Arabia has unveiled its first integrated economic zone as it seeks to position itself as the region’s leading logistics hub and attract foreign investment, officials said. Apple has agreed to set up its Middle […]
Read more »Via Zawya.com, a report that Saudi Arabia and China have agreed on coordinating investments in BRI states: Saudi Arabia and China agreed Wednesday on jointly coordinating investments in the countries of the Belt and Road Initiative (BRI). The proposed cooperation aims to ensure oil supply and demand security to BRI countries, the Saudi Press Agency reported. […]
Read more »Via The Africa Report, an article on news that South Africa and Saudi Arabia have struck $15bn worth of agreements: Saudi Arabia and South Africa have signed deals worth about $15bn during a state visit by President Cyril Ramaphosa. Details about the agreements between the two countries, which included Memorandums of Understanding, have remained under wraps. […]
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