Saudi News Update: Week 2

Last year Saudi Arabia was ranked first for venture funding activities within the region totalling the sum of $1.38 billion in Capital. In addition, at the Future Minerals Forum in Riyadh last week, it was announced that the estimation for Saudi’s ‘untapped mineral potential has increased from $1.3 trillion to $2.5 trillion, an increase of 90 percent’.

Economy, Budgets and Finance

Arab News:  Saudi Arabia startup ecosystem raises $1.38bn in 2023. Read here

Arab News: Saudi Arabia to become leading exporter of all energy types: minister. Read here

Arab News: Saudi Arabia ups mineral resource estimates to $2.5tn. Read here

Government and Royal Family

Arab News:  Saudi Arabia, Canada agree to re-exchange trade delegations. Read here

Defence & Security

The New Arab: Pakistan, Saudi Arabia and Turkey agree to strengthen defence ties. Read here

Defence and Security

The New Arab: Pakistan, Saudi Arabia and Turkey agree to strengthen defence ties. Read here

Commercial

Arab News: Aman Hegra project announced at AlUla. Read here

Saudi Gazette: SFDA approves first gene therapy for sickle cell anemia and thalassemia. Read here

Arab News: Saudi investment ministry signs deal with UK firm to capitalize on Kingdom’s natural resources. Read here

Social

Al Arabiya: Saudi Arabia’s NEOM: $500 bln project unveils new mega mountain resort Aquellum.  Read here

Al Arabiya: Dugongs, sea turtles and dolphins: Inside Saudi Arabia’s NEOM underwater ‘living lab’.  Read here

Arab News: Matarat Holding launches ‘Passengers with No Bags’ service in Saudi Arabia .  Read here

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