Saudi Arabia has been forced to scale back its $1.5trillion plans for a 106-mile linear desert megacity, according to reports, in a humiliating climb down for the kingdom. The Line - part of the ...
Saudi Arabia is reportedly poised to inject around $1 billion into the Reko Diq project, according to sources disclosed by Minute Mirror. The investment plan, part of a larger agreement, includes ...
A Saudi investment of up to $1 billion is likely next month in the Reko Diq Copper Gold project located in the Chagai district in Balochistan, Radio Pakistan reported on Sunday. The Special ...
In 2018, Saudi Arabia agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a ...
Saudi Arabia has scaled back its medium-term ambitions for the desert development of Neom, the biggest project within Crown Prince Mohammed bin Salman’s plans for diversifying the oil-dependent ...
The State Department has approved the government of Saudi Arabia’s request to procure communications and navigation terminals and associated equipment from the U.S. government under a potential ...
Ayar Third Investment Co. will be able to convert preferred stock into about 280m shares Lucid is raising $1 billion in capital from an affiliate of Saudi Arabia's Public Investment Fund (PIF), it ...
More venture capitalists may participate in the Kingdom’s AI fund Dubai: Saudi Arabia’s PIF is in talks to invest $40 billion (Dh146.9 billion) in artificial intelligence (AI) as the Kingdom ...
The net flow of Foreign Direct Investment (FDI) into Saudi Arabia amounted to over SAR13 billion ($3.47 billion) in Q4 of 2024, an increase of 16% from SAR11 billion in Q3 of the same year.
Lucid Motors is raising another $1 billion from its biggest financial backer, Saudi Arabia, as it looks to blunt the high costs associated with building and selling its luxury electric sedan.
Saudi Arabia plans to invest 142 billion riyals (US$38bil/RM176bil)) to turn the kingdom into a hub for esports by 2030, part of plans to diversify the economy of the world’s biggest oil exporter.