End of Year – News Update from the Kingdom

The Kingdom of Saudi Arabia and Kuwait signed an agreement to resume pumping at two major oilfields in a shared neutral zone. A report from MoU states that, Nike will support Saudi community sports groups, fitness programmes and explore further collaboration around existing sporting events. In other news, NEOM will require thousands of vocational jobs…
Read more »

Week 52 – News Update From the Kingdom

The Kingdom of Saudi Arabia has allocated SAR 12 Billion over the last few years in support of small and medium enterprises. A report from General Authority for Statistics demonstrated that the unemployment rate dipped to 5.5 percent in third quarter compared to 5.6 percent for the second quarter of the same year. In other…
Read more »

Week 51 – News Update from the Kingdom

The Kingdom of Saudi Arabia has released its budget for 2020 which will see an expenditure of 1.02 trillion riyals, compared to 1.05 trillion in 2019. Saudi Aramco, officially the world’s largest IPO, briefly reached a valuation of $2 trillion on its second day of trading on Thursday with shares reaching 38.7 riyals. In other…
Read more »

Week 50 – News Update from the Kingdom

Kuwait’s government will invest as much as $1 billion in the initial public offering of Saudi Aramco as the kingdom asks regional allies to bolster the record share sale, according to people familiar with the matter. In other news, the Saudi Arabian construction sector witnessed solid growth in the third quarter, buoyed by SR47.8 billion…
Read more »

AEI & Sovereign: MoU signed at Opportunity Arabia

AEI was delighted to support Pathfinder Trade & Invest with the Opportunity Arabia – Oil and Beyond event in London last month, an event which brought together Saudi and British business to help promote trade and opportunities in the Saudi market. The day featured three panel sessions discussing the numerous opportunities in the Kingdom as…
Read more »

Week 49 – News Update from the Kingdom

Saudi Aramco’s share sale has attracted bids worth $44.3 billion as of Friday, about 1.7 times the amount the Kingdom’s government plans to raise in what is on course to be the world’s largest listing when it formally prices next week. In other news, MbS was in the UAE for an official visit where seven…
Read more »