Via Bloomberg, a report on Saudi Telecom’s acquisition of a Pakistani tower company. The Middle East’s most profitable telecoms firm, Saudi Telecom Co., signaled a fresh push to expand beyond its core mobile-network business with an investment in a Pakistani tower company. Saudi Telecom, which is controlled by the kingdom’s sovereign wealth fund, said one […]
Read more »Via The Frontier Post, a look at investing in Saudi Arabia: A nation traditionally known for its vast reserves of fossil fuels, these days Saudi Arabia, the Middle East and North Africa’s largest economy representing ro-ughly 25 percent of total gross domestic product, has a lot more to offer in-vestors willing to scratch beneath the […]
Read more »Via The Economist, a look at the how the reinvention of the Saudi economy is going slower than planned: Were it not for the ubiquitous photos of the royal family, visitors to Abha might forget they were in Saudi Arabia. Gnarled juniper trees dot green mountains; mist clings to valleys where farmers grow crops and […]
Read more »Via Arab News, an article on Saudi Arabia’s efforts to further activate its mining sector: Saudi Arabia sees increase in mining complexes as the Kingdom launched huge database to channel more investments into the sector that is poised to become the third income source for state funds. The number of mining complexes in Saudi Arabia […]
Read more »Via Bloomberg, a report on a potential cellular towers transaction in Saudi Arabia: The Public Investment Fund is weighing a deal to combine the mobile phone infrastructure of Saudi Telecom Co. and Zain Saudi Arabia in a merger that would form the kingdom’s largest cellular towers company, according to people familiar with the matter. If completed, the deal would create a […]
Read more »Via NikkeiAsia, an article on Saudi Arabia’s efforts to lure foreign companies away from UAE: Saudi Arabia has given licenses to 44 international entities to set up regional headquarters in the capital Riyadh, as the kingdom seeks to project an image of change to lure foreign capital and talent from places such as the United Arab […]
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