Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef announced the launch of an upgraded version of the industrial license, on the sidelines of the Leap 24 International Technical Conference. The license will allow work on an industrial project in three stages: establishment, construction, and production. This is an excerpt from Saudi Press Agency The […]
Saudi Arabia Ministry of Industry Signs MOUs with Four Countries to Foster International Cooperation in Minerals
Riyadh, January 11, 2024, SPA — The Ministry of Industry and Mineral Resources, in conjunction with the Ministerial Roundtable preceding the third edition of the Future Minerals Forum (FMF), which is held from 10-11 January in Riyadh, has signed four Memorandums of Understanding (MoUs) with the Democratic Republic of Congo (DRC), Egypt, Morocco, and Russia […]
Arab Coordination Group Pledges US$50 billion for African Development
Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced today that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent. The announcement was made by the Islamic Development Bank President, Dr. […]
Saudi Arabia signs $50 billion in investment deals with several African nations
Saudi Arabia hosted an African economic conference, as the Kingdom aims to expand its investments in the continent. Agreements and MOUs worth an estimated 50 billion U.S. dollars were signed with several African countries. The Saudi investments are in the energy, mining, food processing, agriculture, and tourism sectors. Watch more here
Saudi Arabia aims to invest over $25 bln in Africa: Crown Prince
In his opening speech, Crown Prince said that Saudi Arabia is planning new investments of over $25 billion in various sectors, secure $10 billion from exports and provide a development finance of more than $5 billion to Africa until 2030.