Courtesy of The Financial Times, a report on Saudi Arabia’s plans to purchase up to 20% share in $9bn complex as it looks to accelerate its diversification away from oil: Saudi Arabia’s investment mining fund is set to buy a stake in Pakistan’s Reko Diq project, which will be one of the world’s largest copper […]
Read more »Via NoahOpinion, bullish commentary on the Middle East: If you looked at Europe in the mid-1600s, you would probably think something along the lines of “Wow, these guys are not going to make it.” Even though the region was already seeing economic growth from colonialism and the expansion of global trade, much of it had […]
Read more »Via CNBC, a report on Saudi Arabia vows to be ‘fast and furious’ in mining as it reveals $100 billion investment: Saudi Arabia last year increased the valuation of its unexploited mineral resources from $1.3 trillion to $2.5 trillion, boosted by the discovery of rare earth elements and metals. The kingdom on Wednesday announced a new mineral […]
Read more »Via Reuters, a report on Congo’s efforts to court Saudi mining investors to help curb China dominance in the sector: The Democratic Republic of Congo, the world’s top cobalt supplier, is courting new mining investors from Saudi Arabia to help it diversify and curb overreliance on companies from China, Marcellin Paluku, a senior government official, […]
Read more »Via Bloomberg, a look at the Middle East’s growing interest in Africa: Investors are seeking deals for food security in Kenya African countries must reduce dependence on dollars for debt Rich investors from the Middle East are scouring Africa for deals in agricultural projects, critical minerals and renewable power, according to Citigroup Inc. They’re looking at […]
Read more »Via The Africa Report, an article on Saudi Arabia’s intentions to take a stronger economic stance in Africa – defending its place on the international stage while securing its future in the post-oil era: Tens of billions in investments over the next decade: this is the promise Saudi Arabia has made to Africa. In late […]
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