By Innovation-sa on October 31, 2018 in News

London-listed NMC Healthcare and Saudi Arabia’s Hassana Investment Company, has signed a memorandum of understanding (MoU) to establish a network of medical facilities across the Kingdom.   The joint venture targets to become one of the largest private healthcare operators in the Kingdom with a total investment of $1.6 billion and aims to provide employment to over 10,000 staff in the next five years….

By Innovation-sa on October 31, 2018 in News

NEOM, a mega investment and business special zone unveiled by Prince Muhammed last October at the Future Investment Initiative (FII) conference as part of plans to diversify the Kingdom’s oil dependent economy, has entered into its first phase of construction and works to develop the infrastructure of the first residential area at NEOM has already begun.   The proposed $500 billion NEOM will be…

By Innovation-sa on October 25, 2018 in News

The first day of Future Investment Initiative (FII) saw Saudi Arabia sign at least 25 deals worth more than $50 billion, of which 12 were described as “mega deals”.   The investment conference, hosted under the leadership of Crown Prince Muhammed bin Salman from October 23- 25 at Riyadh, struck major deals in oil, gas and infrastructure sectors including the second phase of Haramain…

By Innovation-sa on October 25, 2018 in News

Saudi Arabia revealed plans to establish a Special Economic Zone (SEZ) at King Khalid International Airport in Riyadh to attract more foreign investment to the country, the Saudi Press Agency (SPA) reported.   SEZ, the first of its kind in the world will focus on integrated logistics and will have its own set of simplified rules and regulations to attract multinational companies to the…

By Innovation-sa on October 22, 2018 in News

Saudi Arabia’s Public Investment Fund (PIF) revealed that the second annual Future Investment Initiative (FII) hosted under the leadership of Crown Prince Muhammed bin Salman will be held in Riyadh from October 23 – 25 under the participation of thousands of delegates from all over the world.   The economic forum nicknamed ‘Davos in the Desert’ will serve as a revolutionary platform to shape…

By Innovation-sa on October 15, 2018 in News

The World Economic Outlook (WEO) report published by the International Monetary Fund projected a 2.2 percent increase in Saudi economic growth in 2018 followed by 2.4 percent in 2019.   Meanwhile, the report, which will be discussed during the annual IMF and World Bank meetings at Bali, Indonesia, exposes a drop in global growth projections and reductions in growth estimates for most developed and…

By Innovation-sa on October 10, 2018 in News

Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources confirmed that the Kingdom is on track to implement several renewable energy mega projects worth billions of dollars in line with the goals of Vision 2030.   The projects, which plans to generate 200 megawatts of electricity from solar energy by 2030 is working in collaboration with the Public Investment Fund (PIF), SoftBank and other…

By Innovation-sa on October 1, 2018 in News

Saudi Arabia’s Public Investment Fund (PIF) has announced the names more than 100 global investors, business minds and innovators who will speak at the second edition of Future Investment Initiative (FII) taking place in Riyadh from October 23rd-25th, 2018.   The immersive three-day event will focus on three core subjects- Investing in Transformation, Technology as Opportunity, and Advancing Human Potential.   The speakers will…

By Innovation-sa on October 1, 2018 in News

Saudi Arabia’s General Sports Authority (GSA) on Sunday revealed the details of its new electronic visa programme, known as Sharek, which will offer a seamless ticket purchase and online visa application process for sporting fans from around the world wanting to experience the biggest festival of racing, live music and entertainment.   The official website, www.sharek.sa/formulae has gone live, allowing motor racing fans across…

By Innovation-sa on September 27, 2018 in News

As the country celebrated its 88th National day, Saudi Arabia announced 10 major projects and investments worth more than SR685 billion to boost the country’s economy.   These projects, which aims at diversifying the Kingdom’s income, tackling environmental issues and increasing investment and prosperity, indicate the Kingdom’s revolutionary vision under the leadership of King Salman and Crown Prince Muhammed bin Salman.   A report…