Crown Prince donates SR1 billion to support housing for eligible families    Saudi, Iranian foreign ministers discuss Oman-mediated talks with US    Prince Sultan University launches first bachelor's program in language and media    Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion    India demolishes houses of 10 alleged militants days after deadly Kashmir attack    Yemen's Houthis claim dozens killed in US strike on prison holding African migrants    Putin announces three-day Russian ceasefire in Ukraine from 8 May    Suspect charged after Vancouver car ramming leaves 11 dead    Rock & Roll Hall of Fame picks Outkast but not Oasis    Makkah police arrest Yemeni and Egyptian suspects of fake Hajj campaign    stc reports strong first-quarter 2025 results with 11% rise in net profit    Saudi Awwal Bank records SR2.1 billion net profit after zakat and income tax for 1Q25    Virgin Atlantic celebrates one month of nonstop service between London and Riyadh    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Average life expectancy in Saudi Arabia rises to78.8 years    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Investment Ministry Signs Four Investment Agreements That Will Enhance Quality of Life in the Kingdom
Published in Saudi Press Agency on 27 - 10 - 2022

The Ministry of Investment of Saudi Arabia (MISA) has facilitated four more investment agreements on the sidelines of the Future Investment Initiative (FII6) across the education, entertainment and biotechnology sectors.
The agreements signed showcase the government's commitment to transforming quality of life in the Kingdom, coupled with investor recognition of the vast opportunities available.
MISA signed three agreements in the education and SME sectors with world-class institutions:
.An agreement with the prestigious Paris-based ESSEC Business School to collaborate with the Ministry of Tourism in providing human capability development programs at their campus in Paris, and a collaboration agreement with the King Abdulaziz and King Saud Universities for a student exchange program; and
.An investment agreement with global real estate and private equity firm SAFANAD and education platform Global School Management for US$200m in the education sector; and
.An agreement with King Abdulaziz City for Science and Technology and US biotechnology company Illumina to set up a genome training program, establish an accelerator hub for SMEs in the genomics industry, and support the development of genomic databases and research activities.
Education and entrepreneurship are at the heart of Vision 2030, with Saudi Arabia's education market the largest in the region. The government has placed a strong emphasis on human capital by launching a dedicated Human Capital Development Program as part of the Vision 2030 realization programs and private sector investment in human capital and innovation is an unmatched opportunity across the region.
In addition to penning the education sector agreements, MISA also signed an agreement with the global Indian media and entertainment company Eros Media for investment of $100m in film and entertainment content production.
The agreements signed today illustrate sustained confidence in the Kingdom as a world-class investment destination, one of the key goals of the National Investment Strategy launched a year ago.
A core component of the strategy is the Global Supply Chain Resilience Initiative – launched on Sunday. The initiative aims to enable global investors to create low-risk, low-cost and low-carbon supply chains leveraging the Kingdom's natural resources, strong logistics infrastructure and untapped potential. In its launch phase, the initiative aims to attract more than US$10bn of industrial and service investments in global supply chains to the Kingdom.
Saudi Arabia has seen strong growth in foreign direct investment (FDI) in recent years as the Kingdom's economic reforms have unlocked a broad range of opportunities for international investors. Last year net FDI growth increased by an unprecedented 257.2%, with inflows totalling almost US$20bn for the year – the highest they have been in 10 years. You can find the Ministry's Q3 2022 Investment Highlights report here.
According to the International Monetary Fund, Saudi Arabia is expected to be the fastest-growing G20 economy this year, due in part to sweeping pro-business reforms, with gross domestic product expected to expand by 7.6 percent, the fastest growth in almost a decade.


Clic here to read the story from its source.