Via East Asia Forum, an article on Pakistan’s struggle to secure Gulf investments amid economic crises: In Brief Pakistan is seeking investments from Saudi Arabia and the United Arab Emirates to mitigate its ongoing financial crisis. But attracting this critical Gulf capital requires substantial improvements in Pakistan’s investment climate. Successful investment attraction will depends on […]
Read more »A fifth of the world’s steel is being used by Saudi Arabia’s mega project, according to this article from Semafor: Neom.com A fifth of the world’s steel is being gobbled up by just one site: Saudi Arabia’s behemoth project NEOM. So said NEOM’s Chief Investment Officer Manar al-Moneef during Riyadh’s Global Logistics Forum this week, according […]
Read more »Courtesy of The Financial Times, a report on plans to build the world’s tallest tower in Saudi Arabia: One of Saudi Arabia’s richest tycoons Prince Alwaleed bin Talal has launched a comeback attempt, reviving a project to build the world’s tallest tower as developers in the kingdom embark on a flurry of glitzy real estate […]
Read more »Via The Art Newspaper, a report that Christie’s will become first global auction house to operate in Saudi Arabia Christie’s is expanding in the Middle East, announcing today that it has been granted a commercial license to operate in Saudi Arabia. It is the first international auction house to establish a permanent presence in the […]
Read more »Via The Economist, a look at what skyscrapers reveal about the countries that build them: A skyscraper is a statement of ambition. No surprise, then, that Saudi Arabia wants to build the world’s tallest. Construction on the Jeddah Tower stopped in 2018 but will restart soon; when completed, it will be the first building ever […]
Read more »Via The Africa Report, an article on Saudi Arabia’s growing influence in Egypt through its Public Investment Fund, which is driven by both economic and geopolitical motivations: Egypt’s announcement last week that it is set to receive $5bn in funding from Saudi Arabia’s Public Investment Fund (PIF) to “boost bilateral relations” was light on detail, […]
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