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AI + Innovation (MENA) 
Infrastructure 
PIF assets under management rose 29% to SAR 2.9 tn in 2023
The fund is targeting SAR 4 tn AuM by the end of next year
Investors lose access to key data as China stops sharing daily flows data
China is expected to see its first annual outflow from its bourse since 2016
Resal raises USD 9 mn in latest funding round
The company raised USD 800k in a pre-series A round back in 2019.
Saudi banks’ total assets up 10.5% y-o-y in 2Q 2024
, National Commercial Bank tops the list
Riyadh awards SAR 13 bn in contracts for road development program
First phase projects are expected to be completed within three to four years
Non-oil economy is getting the bulk of Saudi’s capex investments -Goldman Sachs
Clean energy is set to receive USD 235 bn in capex during the next six years
Saudi startups raised more funds in July than the previous month
Saudi Arabia came fourth in terms of the size of funds raised last month.
China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant
The 2 GW power plant could take 31 months to complete
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