Business & Money | Thursday 8 February, 2024 12:02 am

KAFD Seals New Partnerships at PIF Private Sector Forum

The King Abdullah Financial District Development and Management Company (KAFD DMC) announced today a series of groundbreaking partnerships and collaborations at the second edition of the Public Investment Fund’s (PIF) Private Sector Forum, held at the King Abdulaziz International Conference...

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Business & Money | Wednesday 7 February, 2024 2:07 pm

Ministry of Defense and Saudia Private Collaborate to Enhance Air Force Support Services

The Ministry of Defense and Saudia Private, a strategic business unit of Saudia Group, have signed an agreement aimed at bolstering air and logistical support services for a variety of Air Force aircraft. The signing ceremony took place during the World Defense Show 2024 in...

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Business & Money | Wednesday 7 February, 2024 11:42 am

Bahri Logistics and GDC Middle East Sign MoU Paving the Way for Strategic Partnership

Bahri Logistics, a business unit of Bahri, the national shipping company of Saudi Arabia and a global leader in shipping and logistics, has signed a Memorandum of Understanding (MoU) with GDC Middle East, a Saudi Public Investment Fund (PIF) company specializing in aerospace engineering, system...

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Business & Money | Wednesday 7 February, 2024 9:18 am

SCAI Partners with Alphaiota to Launch Groundbreaking AI Healthcare Projects at Local and Regional Levels

Alphaiota and the Saudi Company for Artificial Intelligence (SCAI), a company wholly owned by the Public Investment Fund (PIF) specializing in artificial intelligence and healthcare technology, have announced the signing of a cooperative agreement. The agreement was finalized on the sidelines of...

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Government | Wednesday 7 February, 2024 9:15 am

Cabinet: State bears customs duties on agricultural inputs for 2 years

The Cabinet, chaired by King Salman, approved today, Feb. 6, that the state bears customs duties on specific types of agricultural production inputs for two years as per certain rules.  The Cabinet also approved amending Cabinet Resolution No. 198 dated Jan. 9, 2018, on the mechanism for...

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Business & Money | Tuesday 6 February, 2024 1:59 pm

PIF Private Sector Forum continues to increase Saudi private sector’s role in PIF contracts

The 2024 PIF Private Sector Forum began on Tuesday at the King Abdulaziz International Convention Center in Riyadh, organized by the Public Investment Fund (PIF) to run through February 6-7, 2024, with the aim to strengthen partnership and showcase opportunities for local cooperation in strategic...

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Business & Money | Tuesday 6 February, 2024 11:15 am

NEOM Opens New York Office As Base For Business Across The United States

NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first U.S. office in New York City, one of the world’s foremost financial centers, which will serve as a base for NEOM’s business across the United States. NEOM’s latest international office at...

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Business & Money | Tuesday 6 February, 2024 10:16 am

Investment Ministry, GAMI ink 11 new deals with private sectors

The Ministry of Investment and the General Authority for Military Industries (GAMI) signed 11 new partnerships with the private sector. The partnerships are geared towards boosting investments and fostering technology transfer and development within the defense and military industries sectors, ...

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Business & Money | Tuesday 6 February, 2024 10:06 am

PIF's JCDC signs SAR 12B contracts for three major architectural landmarks

Jeddah Central Development Co. (JCDC), a wholly owned subsidiary of the Public Investment Fund (PIF), signed four contracts worth SAR 12 billion for three major architectural landmarks.   The projects include the sports stadium, opera house, oceanic basins, in addition to the...

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Business & Money | Tuesday 6 February, 2024 10:04 am

Saudi Arabia's private sector workers hit 11M in January

The number of workers in the Saudi private sector reached a record number of 11.05 million by end of January 2024, according to the National Labor Observatory.   The total number of nationals working in the private-sector entities amounted to 2.33 million by the end of January, of...

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