USD 15 billion worth 23 agreements on the first day of the Future Investment Initiative. Aramco signs a billion-dollar deal

The first day of the Future Investment Initiative sessions and events resulted in the signing of 23 agreements worth $15 billion. A statement issued by the General Authority for Investment clarified that the agreements include a $120 million investment agreement between the Authority and the Brazilian food company BRF, and a $700 million investment between the Authority and Modler Middle East. (Investment)

In addition, Saudi Aramco signed several agreements, including: a memorandum of understanding with ABQ to establish a $600 million joint venture; a $200 million agreement with Dassault Systèmes to collaborate on various fields, including data analytics, project management, and smart cities; a $230 million agreement with Baker Hughes for joint investment and development in artificial intelligence and digital transformation; a $74 million agreement with BMT to establish a valve manufacturing facility in Saudi Arabia; and a $25 million agreement with Poltron to invest in developing manufacturing facilities in Saudi Arabia. Saudi Aramco also signed a $1 billion agreement with the Tubasks Group.

Links to selected real estate news articles Issue 182 :

Investment projects – Property inspections – Investment opportunities – Real estate development

Editor-in-Chief Abdulaziz Al-Issa writes: Will the Public Investment Fund curb the runaway real estate prices?

The Saudi Transport and Logistics Exhibition will launch on November 4th.

$500 million in venture capital investments in Saudi Arabia by 2025

Establishment of the Housing Development Endowment Fund in cooperation between the Ministries of Housing and Labor

The Ministry of Housing allocates 237 million riyals for infrastructure development in the «Al-Shuruq» project in Madinah.

The Minister of Agriculture inaugurates the Saudi Agriculture Exhibition 2019, with more than 380 companies participating in the exhibition halls.

Launch of the electronic link for building permits between "Etmam" and the Madinah Municipality

investment

During the “Third Saudi Logistics Conference”, the Ministry of Transport presented the Al-Khumra Logistics Zone for investment in Jeddah Governorate.

Clients of "Laden Investment" sign financing contracts to purchase from the Finan residential project

Banks and finance companies have injected loans worth 40.7 billion riyals since the beginning of the year.

The National Bank of Egypt's real estate finance exhibition in Jeddah offers off-plan units.

Honored by the Minister of Labor... Bank Al-Jazira allocates 10 million riyals to support and finance productive family projects

investment