PIF will become the largest equity holder in VSPO
diversify economy
Latest in diversify economy
diversify economy
Saudi Ministry of Investment signs pact with 3 companies to promote investments in hospitality, tourism
The agreements also envisage investments in other sectors such as catering services, commercial and entertainment activities, and commercial complexes
automobile industry
South Korean car maker Hyundai to set up manufacturing facility in Saudi Arabia
The proposed facility using the CKD route will be for production of electric cars and internal combustion engine cars
Crown Prince Mohammed bin Salman
Inside Saudi Arabia’s King Salman International Airport
The airport aims to accommodate up to 120 million travellers and 185 million travellers, with the capacity to process 3.5 million tons of cargo by 2050
Crown Prince Mohammed bin Salman
Saudi Crown Prince announces new plan for King Salman International Airport
The airport is expected to accommodate up to 185 million passengers and process 3.5 million tons of cargo by 2050
diversify economy
Saudi unemployment rates drop 9.7 percent in second quarter of 2022
Overall unemployment rates in the kingdom stood at 5.8 percent in Q2, down from 6.6 percent the same period last year
Creative economy
Saudi Arabia’s new gaming and Esports strategy to place Kingdom as ‘global hub’ by 2030
The newly launched strategy, which is in line with the Kingdom’s Vision 2030, is expected to create over 35,000 jobs and contribute $13.3 billion to the country’s GDP by 2030
diversify economy
UAE President reveals vision for country’s future
Sheikh Mohamed bin Zayed also advocated for building cooperation and peace around the world
clean energy
The real metric of economic diversification shows how far the UAE has come
The decrease in the breakeven external oil price paints a very strong economic picture for the UAE
Abu Dhabi Exports Office
Abu Dhabi Exports Office signs financing pact with West African 15-member group
The $20 million credit line with ECOWAS Bank is aimed at boosting Emirati exports to the African market
Abu Dhabi
‘Make it in the Emirates’ forum sees 32 deals worth $29.95 billion in big boost for local manufacturing
Twenty four leading companies – both national and overseas – participated in the forum
Abu Dhabi
AD Ports Group inks MoU with UAE Ministry to boost industrial sector’s competitiveness
The MoU is part of several agreements at the two-day ‘Make it in the Emirates’ forum held in Abu Dhabi
Abu Dhabi
UAE Ministry, DUBAL Holding seal pact to foster industrial cooperation
The agreement will pave the way for DUBAL Holding’s plans to invest in promising projects in the non-ferrous metals, industrial, power and energy value chains
Corporate tax UAE
New UAE business tax will help support smaller Emirates, says S&P
Ratings agency says broadening of the government’s revenue base should support smaller economies
Abu Dhabi Sustainability Week
Energy transition is opportunity to transform, diversify UAE economy: Sultan Al Jaber
The region has specific advantages that can accelerate the energy transition
diversify economy
UAE oil reliance at multi-year high despite lower production
Oil accounted for about 29 percent of gross domestic product in 2020, compared with 25 percent during the previous year
Aramco Namaat
Saudi Aramco signs 22 deals to expand industrial investment program
Program complements Aramco’s flagship IKTVA program, which was launched in 2015 to enhance supply chain efficiency through localisation, skills development, knowledge transfer and job creation