Investment News in Saudi Arabia

Aramco Signs 59 New Agreements Under the iktva Program
Aramco Signs 59 New Agreements Under the iktva Program 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...
Aramco Announces $1.5bn Sustainability Fund
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...
Saudi Arabian Investment Minister Khalid Al-Falih meets Eni CEO Claudio Descalzi
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...
J.O Steel to Invest $865 million in Saudi Arabia
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...
Aramco and Sinopec Sign MoU to Collaborate on Projects in Saudi Arabia
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...
PKN ORLEN Evaluates a Potential Investment in Petrochemicals with Aramco and SABIC
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 ...
Aramco Expands Namaat Industrial Investment Programs
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...
DNeX to Explore Business Synergy with Saudi Arabia-based Abilitii
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.

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EIG and Aramco Sign MoU to Expand Their Energy Collaboration
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.

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Vedanta Explores Investment Opportunities in Saudi Arabia
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...
Reliance, Saudi Aramco to Reevaluate Oil-to-chemicals Stake Purchase
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...
Aramco Expands Focus on Emerging Sectors at Future Investment Initiative
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...
Aramco Announces Major Expansion of its Industrial Investment Program
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...
Aramco Signs $12.4B Infrastructure Investment Deal with EIG
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 ...
NUSANED Investment™ Signs Deal To Promote Local Production of PPE
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...
Aramco, Baker Commence Construction on Non-metallics JV
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...
Gas Investments in MENA Jump by 29% Despite Demand Shock
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 ...
Nusaned Investment Announces Deal to Manufacture Wood Plastic Composites
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...
Aramco Acquires 17% of South Korean Hyundai Oilbank
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...
Nusaned Signs Three Mous at FII to Attract Investments
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 ...

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