Investment News in Saudi Arabia
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11/22/2022 - Aramco signed 59 corporate procurement agreements (CPAs) with 51 local and global manufacturers, with potential to create 5,000 new jobs in the Kingdom of Saudi Arabia over the next decade. The agreem... |
| 10/26/2022 - Aramco today announced the creation of a $1.5 billion Sustainability Fund to invest in technology that can support a stable and inclusive energy transition. It was unveiled at the sixth edition of the... |
| 9/3/2022 - Saudi Arabia’s Minister of Investment, HE Khalid Al-Falih, today met the CEO of Eni, Claudio Descalzi. During the meeting, Mr Descalzi presented the company's decarbonization strategy with... |
| 8/31/2022 - UK-based J.O. Steel Holdings PLC has secured a $692 million credit facility from a consortium of banks and financial institutions led by Saudi British Bank (SABB) to establish an integrated billet man... |
| 8/3/2022 - Saudi Arabian Oil Company (“Aramco”) today signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between t... |
| 7/15/2022 - PKN ORLEN has confirmed it is discussing with Aramco and SABIC the possibility of collaborating in investments in various petrochemical business segments. An existing triparty MoU will be extended to ... |
| 7/5/2022 - A major expansion of the Namaat industrial investment programmes has been announced by the Saudi Arabian Oil Company (also known as "Aramco" or "the Company"), with 55 agreements and Memorandums of Un... |
| 6/27/2022 - A Memorandum of Understanding ("MoU") has been signed by Dagang NeXchange Berhad ("DNeX") and Ajlan & Bros Holding Group ("Abilitii") of Saudi Arabia to examine potential commercial synergies. ... |
| 6/16/2022 - EIG, a significant institutional investor in the global energy and infrastructure sectors, announced today that it has struck an agreement with Saudi Aramco to work on future energy projects. ... |
| 1/14/2022 - Vedanta, a global natural resources company,
has said that it plans to invest in the mineral sector in Saudi Arabia. The company is in
discussions to identify investment opportunities in Saudi Ara... |
| 11/19/2021 - Reliance Industries Limited and Saudi Aramco signed a non-binding Letter of Intent in
August 2019 for a potential 20% stake acquisition by Saudi Aramco in the O2C Business of
Reliance. Over the pa... |
| 10/26/2021 - Aramco has announced plans to expand its focus on emerging sectors to drive private sector innovation and investment. During the Future Investment Initiative, it outlined potential new projects in gre... |
| 9/7/2021 - Aramco has announced a major expansion of its industrial investment program, Aramco Namaat, with the signing of 22 new Memoranda of Understanding (MoUs) and 1 joint venture (JV) agreement focused on c... |
| 4/9/2021 - Aramco has signed a deal with a consortium led by EIG Global Energy Partners (“EIG”), one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back ... |
| 12/21/2020 - Nusaned Investment™, an investment company) owned by SABIC with a mandate to invest in industrial SMEs and increase local content in the Kingdom’s industrial sector, signed an investment agreement wit... |
| 12/8/2020 - Aramco and Baker Hughes have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy se... |
| 10/12/2020 - The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, today released its MENA Gas & Petrochemicals Investments Outlook 2020-2024 on the MENA region’s ... |
| 7/16/2020 - Nusaned Investment™, owned by SABIC with a mandate to invest in industrial SMEs to increase local content in the Kingdom, signed a deal with Suhul Alkhalej for Industrial Development and Investment Co... |
| 12/17/2019 - Saudi Arabian Oil Company (Saudi Aramco) has completed, through its subsidiary Aramco Overseas Company B.V. (AOC), the acquisition of 17% of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for... |
| 10/31/2019 - SABIC leaders joined international partners and Saudi business leaders at the third annual Future Investment Initiative (FII) in Riyadh on October 30 and signed three MOUs with international partners ... |
