Saudi Arabia’s ACWA Power Co (TADAWUL:2082) will commence operations in the second half of 2024 for four domestic solar projects with a combined capacity of 2,620 MW and a total investment of SAR 11.5 billion (USD 3.06bn/EUR 2.81bn).
The Ministry of Tourism reported that Inbound tourists spent over $37 billion in the Kingdom in 2023. According to the Ministry’s annual tourism statistics report for 2023
In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. But the oil industry is likely to receive a smaller portion of this than previously forecast.
PwC Middle East’s latest IPO+ Watch highlights a total of 13 IPOs raised $2.6 bn in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8bn.
