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AI + Innovation (MENA) 
Infrastructure 
VMS to launch a new USD 10 mn startup fund focused on Al Madinah
The initiative plans to launch five new startups each year by 2025
Sports contributed USD 6.9 bn to Saudi Arabia’s GDP last year
The sector is expected to add USD 16.5 bn annually (1.5% of GDP) by 2030
Fresh investments worth SAR 1.4 bn in Jazan
Kingdom Tyres, Built and Al Hadi Group are among investors
New appointments at Al Saif Stores + Almujtama Medical
Al Saif tapped Ahmed Alsultan as its new CEO
Sama cuts interest rates in line with the Fed + United Carton Industries gets IPO green light
PLUS: Riyadh Season World Masters of Snooker quarterfinals begin today
Seven taps Alfanar Projects for a SAR 1.3 bn entertainment destination
US-based Gensler will take on the design
Sports Boulevard to launch a new real estate fund with a JV of Ardco + FTG
Jadwa Investment will manage the fund
PIF’s Dan Company set to launch high-end resort in Al Ahsa
PLUS: US chemical producer LyondellBasell sets up shop in the Kingdom
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