
Saudi Arabia showcases investment prospects at ASEAN, GCC and China Economic Forum
KUALA LUMPUR — The Saudi Ministry of Investment showcased its vast investment opportunities during its participation in the Economic Forum of ASEAN, the Gulf Cooperation Council (GCC), and China. A delegation from the Saudi public and private sectors took part in the forum, which was held alongside the ASEAN–GCC Summit and the ASEAN–GCC–China Summit, hosted by the Malaysian capital Kuala Lumpur from May 27 to 29.
The participation is part of the ministry's ongoing efforts to maintain a strong presence at major international events to showcase the Kingdom's investment environment and its developments across various economic sectors. It also aimed to highlight Saudi Arabia's investment opportunities and strategic initiatives under the Saudi Vision 2030.
On the forum's first day, the ministry organized a special session titled "Enhancing ASEAN-GCC-China Investments" as part of its efforts to develop the investment climate and build strategic partnerships. Saudi Deputy Minister of Investment for International Relations Sara Al-Sayed addressed the session. The ministry presented several initiatives during the session.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Asharq Al-Awsat
an hour ago
- Asharq Al-Awsat
High-Level Saudi Delegation Arrives in Syria to Strengthen Ties, Explore Investments
In line with the directives of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, the Ministry of Investment, in coordination with the Federation of Saudi Chambers of Commerce, kicked off a high-level working visit to Syria on Wednesday. The visit aims to strengthen and advance the fraternal bonds and historical ties between Saudi Arabia and Syria, and support Syria's economic recovery and development. The Saudi delegation, comprising senior officials from both the public and private sectors, aims to explore promising investment opportunities, facilitate bilateral cooperation, and address challenges facing investors to deepen economic ties and support companies from both countries. The Ministry of Investment is seeking to empower the Saudi private sector to contribute to Syria's reconstruction and development by identifying interested companies and organizing a series of introductory workshops. On the sidelines of the visit, the Saudi-Syrian Investment Forum will be held in Damascus, where several joint projects, investment agreements, and memoranda of understanding will be announced, underscoring the Kingdom's commitment to building a sustainable and strategic economic partnership with Syria.


Argaam
2 hours ago
- Argaam
Al Rajhi REIT inks new lease agreement, boosts rental income 55%
Al Rajhi REIT Fund announced the early termination of the lease contract with Alfaris International Schools ahead of the original June 30, 2026 expiry date, the fund manager Al Rajhi Capital stated, adding that a new lease agreement was signed with Al Rowad International Schools Co. The new lease, which starts on Aug. 1 and lasts for 30 years, has an annual rent of SAR 15.5 million, with a 5% increase every three years, the company said in a statement on Tadawul. The new lease boosts rent by 55% (compared to the terminated contract) and will positively impact Q3 2025 results, the statement added.


Saudi Gazette
3 hours ago
- Saudi Gazette
Commerce ministry names company official over consumer fraud in Khamis Mushayt
Saudi Gazette report ASIR — Saudi Arabia's Ministry of Commerce has publicly named a Yemeni national, the purchasing manager of a commercial company, following a final court ruling that found him guilty of violating the Anti-Commercial Fraud Law. The ministry's inspection teams uncovered 24,200 plastic plates in Khamis Mushayt that failed to meet approved Saudi standards. A final verdict issued by the Court of Appeals in the Asir region imposed a financial penalty, ordered the closure of the company's premises for three days, mandated the destruction of the counterfeit goods, and required the publication of the ruling at the violator's expense. The Ministry of Commerce reaffirmed its commitment to pursuing violators of the Anti-Commercial Fraud Law and enforcing penalties. Under the law, offenders face prison sentences of up to three years, fines of up to SR1 million, or both, in addition to mandatory public naming and shaming.