Global business, technology and financial leaders have converged on the Saudi capital for the annual Future Investment Initiative (FII) summit, an opportunity for attendees to forge relations with some of Saudi Arabia's biggest companies and its $925 billion sovereign wealth fund.
Wa’ed Ventures, the $500 million venture capital fund wholly owned by Aramco, announces earmarking $100 million for early-stage AI investments, a bold move to support positioning the Kingdom as a global AI hub.
Solar PV and wind additions are forecast to more than double by 2028 compared with 2022, continuously breaking records over the forecast period to reach almost 710 GW.
The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5% and estimated growth to accelerate to 4.6% next year in its latest World Economic Outlook Report released on Tuesday.
Saudi Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), Mohammed Aljadaan, participated in Macro Week at the Peterson Institute for International Economics (PIIE), held on October 21, 2024 on the sidelines of the 2024 IMF and World Bank week.
The 2024 BRICS summit is in Kazan, Russia, from October 22 to 24, 2024. It is the 16th annual summit of the BRICS group of nations, which consists of Brazil, Russia, India, China, and South Africa.
New Murabba Development Co. has excavated more than 10 million cubic meters. The developer is planning to award contracts worth tens of billions of riyals in the coming year that will stock the building, entertainment venues, educational institutions, health care facilities and a 45,000 seat stadium
