Investment News in Saudi Arabia

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 ...
Saudi Aramco Attracts $100 Billion Demand for Bond Deal
4/9/2019 - Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant which h...
Saudi Arabia Hopes to Lure over $425B in Investments
1/29/2019 - Saudi Arabia launched an ambitious programme which it hopes will attract $427 billion in investments in the industrial and logistics sectors, as the Opec group leader bids to reduce dependence on oil....
Aramco Signs About $85B Investment Agreements in 2018
Aramco Signs About $85B Investment Agreements in 2018 12/27/2018 - In March 2018, Saudi Aramco participated in the Saudi-U.S. CEO Forum held in New York to promote bilateral business and cooperation between the two countries. During this forum, Aramco discussed $10B ...
BHGE Recognized for Localization Efforts in Saudi Arabia
BHGE Recognized for Localization Efforts in Saudi Arabia 11/26/2018 - Baker Hughes, a GE company received recognition for its localization efforts and announced a series of agreements at Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) Forum. The agreements are in line...
Saudi Aramco Signs Deals Worth $27.5 Billion with Suppliers
Saudi Aramco Signs Deals Worth $27.5 Billion with Suppliers 11/26/2018 - Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, m...
Saudi Aramco & ADNOC Sign Framework Agreement
Saudi Aramco & ADNOC Sign Framework Agreement 11/12/2018 - Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) signed a framework agreement to explore opportunities for collaboration in the Natural Gas and Liquefied Natural Gas (LNG) sector.

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Aramco Signs 15 MOUs at the FII Forum Worth $34B
Aramco Signs 15 MOUs at the FII Forum Worth $34B 10/23/2018 - At the highly impactful Future Investment Initiative (FII) forum in Riyadh, Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than US...
Saudi Aramco to Spend over $133b on Drilling over Next Decade
9/17/2018 - State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday. ...
Aramco’s Planned $100B IPO On Hold
8/29/2018 - The king spoke, and a $2-trillion dream went up in smoke. ...

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