Latest news with #KhalidAl-Falih
Saudi Gazette
11-06-2025
- Business
- Saudi Gazette
Saudi Investment Minister leads delegation to UK-Saudi Investment Summit in London
Saudi Gazette report LONDON— Saudi Minister of Investment, Eng. Khalid Al-Falih, is heading the Saudi delegation participating in the Saudi-UK Partnership and Investment Summit, which is being held on Wednesday at Mansion House in London. The summit is organized by the Saudi-British Joint Business Council and hosted by the City of London Corporation. It is supported by the Ministry of Investment and the UK Department for Business and Trade, and is attended by more than 400 policymakers, senior investors, and business leaders from both countries. The summit aims to explore prospects for bilateral cooperation and enhance partnership and investment opportunities between the United Kingdom and Saudi Arabia. It includes a high-level ministerial dialogue bringing together Minister of Investment Khalid Al-Falih and British Minister of Investment Baroness Bobby Gustafson in a special session highlighting the development of strategic relations between the two countries and their shared vision for the future. The summit sessions will address shared development priorities in line with the Kingdom's Vision 2030 and the UK's future industrial strategy, UK Invest 2035, including expanding public-private partnerships, financing infrastructure projects, developing the venture capital ecosystem, and leveraging advanced technologies such as deeptech, space science, and clean innovation. IT's agenda is designed to encourage practical dialogue, facilitate cross-border investment flows, and accelerate economic diversification by building sustainable partnerships that meet future demands.
Saudi Gazette
08-06-2025
- Business
- Saudi Gazette
Al-Falih: Saudi Arabia is keen on supporting Syrian economy's stability
Saudi Gazette report RIYADH — Minister of Investment Eng. Khalid Al-Falih emphasized Saudi Arabia's commitment to supporting the stability and development of the Syrian economy. He also underlined the need to serve common interests and enhance regional economic prosperity. Al-Falih made the remarks during a meeting with the Syrian Minister of Economy and Industry Dr. Mohammad Nidal Al-Shaar, via videoconference, on Sunday. He emphasized the importance of creating an environment for expanding regional investment partnerships. The ministers discussed prospects for investment cooperation between the two countries and reviewed the promising economic opportunities in the Syrian market. Their meeting addressed potential areas of public-private partnership and ways to enhance qualitative investments in the production and service sectors, contributing to supporting economic development and opening new channels for integration between the two countries.
Saudi Gazette
04-06-2025
- Business
- Saudi Gazette
Saudi, Syrian ministers discuss expanding investment cooperation
Saudi Gazette report RIYADH — Saudi Minister of Investment Eng. Khalid Al-Falih held a virtual meeting on Wednesday with Syrian Minister of Economy and Industry Dr. Mohammad Nidal Al-Shaar to discuss prospects for investment cooperation between the two countries and explore promising opportunities in the Syrian market. The meeting addressed potential public-private partnerships and ways to boost strategic investments across key productive and service sectors, with the aim of supporting economic development and fostering new avenues of regional integration. Minister Al-Falih stressed the importance of creating an enabling environment for expanding regional investment partnerships, reaffirming Saudi Arabia's commitment to supporting Syria's economic stability and growth in a manner that serves mutual interests and promotes broader regional prosperity.
Leaders
04-06-2025
- Business
- Leaders
Saudi Arabia, Syria Explore Investment Cooperation
Saudi Arabia and Syria have explored avenues for investment cooperation in both countries, reported the Saudi Press Agency (SPA). On Wednesday, the Saudi Minister of Investment, Khalid Al-Falih, held a virtual meeting with the Syrian Minister of Economy and Industry, Mohammad Nidal al-Shaar, to discuss avenues for joint investment cooperation and explore the promising economic opportunities in the Syrian market. During the meeting, the two ministers discussed potential areas for public-private partnership and ways to strengthen targeted investments in the productive and service sectors, with the aim of supporting economic development and opening new channels for integration between Saudi Arabia and Syria. On his part, Al-Falih emphasized the importance of fostering an enabling environment for expanding regional investment partnerships. He also reaffirmed Saudi Arabia's commitment to supporting the stability and growth of Syria's economy in a way that benefits the mutual interests of both countries and promotes regional economic prosperity. Most recently, the Saudi Foreign Minister, Prince Faisal bin Farhan, headed a high-level economic delegation to Syria, where he met with the Syrian Transitional President, Ahmed Al-Sharaa, in Damascus. They discussed avenues for joint cooperation aimed at supporting Syria's economy, enhancing the development of its governmental institutions, and fulfilling the aspirations of the Syrian people. The discussions yielded in the announcement of a Saudi-Qatari joint financial support package for Syrian public sector employees for three months. 'This support aims to contribute to economic and social stability, improve living conditions, and reinforce development efforts in Syria,' Saudi Arabia and Qatar said in a joint statement. In April 2025, Saudi Arabia and Qatar had committed to settling Syria's outstanding arrears to the World Bank Group, which is around $15 million, in order to support and accelerate the recovery of Syria's economy. Short link : Post Views: 7
Leaders
18-05-2025
- Business
- Leaders
Hail Region Seals SR8.5 Billion Investment Deals to Spur Growth
Saudi Arabia's Hail region has secured investment agreements worth SR8.5 billion ($2.27 billion) during its flagship investment forum, advancing the Kingdom's push to unlock regional growth and attract private capital. Spanning agriculture, mining, tourism, and logistics, these agreements form part of a broader SR50 billion portfolio of opportunities unveiled at the event. Vision 2030 Fuels Regional Diversification Saudi Arabia now prioritizes untapped potential in smaller regions, luring investors to diversify beyond urban hubs, which aligns with Saudi Vision 2030's goals for a resilient, inclusive economy. The Emir of Hail witnessed the launch of SR8.5 billion in partnerships between government agencies and investors to boost economic growth. Governor Prince Abdulaziz bin Saad emphasized Hail's strategic advantages, including its connectivity across five regions, fertile land, and infrastructure development. Organized under the theme 'Be Part of the Promising Future,' the forum attracted leaders like Investment Minister Khalid Al-Falih and Deputy Environment Minister Mansour Al-Mushaiti. Over 125 investment opportunities, including 14 strategic projects worth SR34.2 billion, aim to empower local businesses. Agricultural Investments Take Center Stage Al-Mushaiti hailed Hail as a prime agricultural hub, citing SR7 billion in funding from the Agricultural Development Fund. The region now contributes over 10% of Saudi Arabia's agricultural GDP. Notably, Hail launched the Middle East's largest trout salmon project, targeting a 50% import reduction and SR5 billion in sales within a decade. Furthermore, new red meat investments will raise self-sufficiency to 61%, while a poultry project expanded to SR11 billion with a recent SR4.5 billion injection. The Saudi Reef program has allocated SR800 million to support local farmers, alongside SR1.2 billion in water and environmental projects under the Saudi Green Initiative. Al-Falih highlighted Hail's SR1.44 billion in foreign investment, with 177 licenses issued to global firms. Over 100 opportunities worth SR50 billion are now on the 'Invest Saudi' platform. A new MoU between the Investment Ministry and Hail Region Development Authority will streamline sustainable growth efforts. The forum also featured nine panel sessions covering 42 investment themes, focusing on tourism, quality of life, agriculture, logistics, energy, and education. Short link : Post Views: 2
