{"id":93797,"date":"2025-01-28T00:00:00","date_gmt":"2025-01-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=93797"},"modified":"2025-12-14T20:07:15","modified_gmt":"2025-12-14T20:07:15","slug":"italy-and-ksa-sign-usd-10-bn-in-agreements","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/italy-and-ksa-sign-usd-10-bn-in-agreements\/","title":{"rendered":"Italy and KSA sign USD 10 bn in agreements"},"content":{"rendered":"<section id=\"93799\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93799\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/turkeys-fm-is-due-in-town-with-usd-6-bn-defense-agreement-on-the-table\/\">\r\n                            THIS MORNING: Turkey\u2019s FM is due in town, with USD 6 bn defense agreement on the table                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/turkeys-fm-is-due-in-town-with-usd-6-bn-defense-agreement-on-the-table\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Plenty of stories are vying for attention here at home, not least of which is Italy signing a USD 10 bn bundle of agreements with a handful of Saudi companies and entities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS-<\/strong> New regulations will allow foreign investors to directly buy shares in companies that have assets in the holy cities, as the Capital Market Authority pushes through changes to reel in more foreign investments and boost capital market liquidity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have chapter and verse on these stories and more in this morning\u2019s news well, below. <\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> <\/strong><strong>#1- <\/strong><strong>Raoom Trad<\/strong><strong>ing\u2019<\/strong><strong>s share<\/strong><strong>s closed 5.2% down at SAR 183 apiece on its debut trading <\/strong><strong>session on the main market yesterday<\/strong>, following its transfer from Nomu.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The company\u2019s stock had been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4ed30b92-2309-417b-b6fa-4b21d620d1bf\/aramco-ceo-sees-healthy-oil-market-demand-in-2025\" style=\"\" rel=\"noopener\">suspended<\/a> since 22 January to prepare for the transition. Raoom Trading <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/862c7562-862b-44a6-9cc7-307dd1796f32\/almoosa-health-debuts-on-tadawul-today\" style=\"\" rel=\"noopener\">received<\/a> regulatory approval from the Saudi Exchange to transition to the main market earlier this month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.health.sa\/en\/moc-forum\" style=\"\" rel=\"noopener\">Model of Care Forum<\/a><\/strong><strong> kicks off today at Prince Mohammed bin Salman Nonprofit<\/strong><strong> City.<\/strong> Over the next two days, 25 local and international speakers, 80 exhibitors, and over 1.5k health professionals from 20 public and private health groups will participate, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2250982\" style=\"\" rel=\"noopener\">SPA<\/a> reports. The forum will feature discussions on integrated care, innovation, sustainability, and the future of healthcare, focusing on prevention, AI, digital health, and innovative solutions for patient care and efficiency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Riyadh is expected to see a high of 18\u00b0C and a low of 10\u00b0C today, while Jeddah\u2019s mercury will go as high as 29\u00b0C and as low as 19\u00b0C. Makkah will see a 30\u00b0C high and 18\u00b0C low.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Shares of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/alshehili.com\/\" style=\"\" rel=\"noopener\">Alshe<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/alshehili.com\/\" style=\"\" rel=\"noopener\">hili Company<\/a><\/strong><strong> will begin trading on the Nomu parallel market tomorrow<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details?1dmy&urile=wcm:path:\/Tadawul_en\/SA-Tadawul\/SA-PricesAndIndeces\/SA-News\/SA-MarketNews\/CT-marketnews-20250127-Listing\" style=\"\" rel=\"noopener\">Tadawul statement<\/a>. The company\u2019s shares will be allowed to fluctuate within a 30% band on the first three days of trading, after which price fluctuations will be capped at 10% as circuit breakers take effect.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The heavy equipment manufacturer priced its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4374aa2f-e4e4-42c6-bd8e-c4f741c0cce1\" style=\"\" rel=\"noopener\">20% stake IPO<\/a> at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7cf81be7-35ee-487d-afa4-66ad4d7c06fb\/%253cmark%253ealshehili%253c%2Fmark%253e-sets-price-range-for-nomu-ipo-at-sar-76-80-apiece\" style=\"\" rel=\"noopener\">top of its<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7cf81be7-35ee-487d-afa4-66ad4d7c06fb\/%253cmark%253ealshehili%253c%2Fmark%253e-sets-price-range-for-nomu-ipo-at-sar-76-80-apiece\" style=\"\" rel=\"noopener\">indicative price range<\/a> of SAR 80 per share. The pricing would give the company a market cap of SAR 200 mn at listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Twareat Medical Center\u2019s (TMC) shares will begin its direct listing on the Nomu <\/strong><strong>parallel market tomorrow<\/strong>, according to a Tadawul statement. TMC issued its registration document in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/fcd88cd9-af0d-4b2f-9461-2a4217f76045\/%253cmark%253etwareat%253c%2Fmark%253e-medical-center-pegged-its-nomu-direct-listing-at-sar-12-apiece\" style=\"\" rel=\"noopener\">December<\/a>, setting the price at SAR 12 per share. Shares will be subject to a price fluctuation range of 30% for the first three days, after which the limit will be capped at 10% as circuit breakers take effect.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>In a direct listing, a company allows its existing shareholders to sell their shares directly on the market without issuing new shares or raising additional capital. This process typically involves fewer regulatory requirements and costs, making it faster and simpler than an IPO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a> <\/strong><strong>#1- Turkey is gunning for USD 6 bn in defense sales to the Kingdom,<\/strong> with the potential agreement including purchases of warships, tanks, and missiles, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-27\/turkey-aims-for-6-billion-weapons-deal-with-saudi-arabia\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports citing unnamed Turkish officials. The agreement could be finalized during a visit by Turkish President Recep Tayyip Erdogan to Saudi Arabia that is slated for March, the source added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkey\u2019s FM Hakan Fidan is scheduled to visit the Kingdom today<\/strong>, Anadolu Agency <a target=\"_blank\" href=\"https:\/\/www.aa.com.tr\/en\/middle-east\/turkish-foreign-minister-to-visit-saudi-arabia-tuesday\/3463665\" style=\"\" rel=\"noopener\">reported<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s on the table: <\/strong>The agreement would see Saudi Arabia join Turkey\u2019s KAAN fifth-generation fighter jet program. The Kingdom could also discuss purchasing Turkey\u2019s Altay main battle tank and missile-defense systems, the Turkish official noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first we\u2019re hearing of this:<\/strong> Saudi Arabia kicked off talks with Turkey <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4708da5f-2ed9-494d-a402-c96a030ab199\/aramco-is-in-talks-for-long-term-purchase-agreements-of-blue-hydrogen\" style=\"\" rel=\"noopener\">last month<\/a> for the potential procurement of 100 KAAN fighter jets by 2030, when Saudi Deputy Defense Minister Khaled bin Hussein Al-Biyari, Air Force Commander Turki bin Bandar, and head of Turkish Defence Industries Haluk G\u00f6rg\u00fcn met in Istanbul. Developed by state-owned Turkish Aerospace Industries, the KAAN saw its first test flight in early 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Al Rajhi Capital received the green light from the Capital Market Authority for the <\/strong><strong>public offering of its Al Rajhi Global Sukuk Fund, <\/strong>the authority said in a <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3729.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. No details were publicly available on the fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Commer<\/strong><strong>cial registrations in the administrative and support services sector grew 16% <\/strong><strong>y-o-y in 2024<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2250728\" style=\"\" rel=\"noopener\">state news agency SPA<\/a>. Security system services saw 41% growth to 2.5k records, while packaging services grew 34% to 9.8k, travel agencies grew 30% to 10.5k, and tour operators grew 23% to 8.6k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Real estate funds, including private and <\/strong><strong>public funds and <\/strong><strong>REITs, control 25% of Saudi\u2019s SAR 1 tn in managed assets<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4396534\/-%D8%A7%D9%84%D9%82%D9%88%D9%8A%D8%B2-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%AF%D9%8A%D9%82-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9-%D8%AA%D9%85%D8%AB%D9%84-25-%D9%85%D9%86-%D8%A7%D9%84%D8%A3%D8%B5%D9%88%D9%84-%D8%A7%D9%84%D9%85-%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A8%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9\/\" style=\"\" rel=\"noopener\">Mubasher<\/a> reported, citing statements by Capital Market Authority Chairman Mohammed Al Quwaiz at the Real Estate Future Forum (REFF). Assets managed by the sector were up 23% in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM REFF- <\/strong>The Kingdom issued 192 licenses for real estate projects worth SAR 147 bn in 2024, Municipalities and Housing Minister Majid Al Hogail said according to <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4396422\/%D8%A7%D9%84%D8%AD%D9%82%D9%8A%D9%84-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-192-%D8%B1%D8%AE%D8%B5%D8%A9-%D9%84%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-147-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%B1%D9%8A%D8%A7%D9%84-%D9%81%D9%8A-%D8%B9%D8%A7%D9%85-2024\/\" style=\"\" rel=\"noopener\">Mubasher<\/a>. Meanwhile, foreign real estate investors were issued upwards of 1.1k licenses in 3Q 2024, Real Estate General Authority CEO Abdullah bin Saud Al Hamad said according to a separate <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4396445\/%D8%B1%D8%A6%D9%8A%D8%B3-%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-1-13-%D8%A3%D9%84%D9%81-%D8%AA%D8%B1%D8%AE%D9%8A%D8%B5-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D8%AC%D9%86%D8%A8%D9%8A%D8%A9-%D8%A8%D8%A7%D9%84%D8%B1%D8%A8%D8%B9-%D8%A7%D9%84%D8%AB%D8%A7%D9%84%D8%AB-2024\/\" style=\"\" rel=\"noopener\">Mubasher<\/a> report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON TOURISM- <\/strong>Licensed hotel buildings increased to 4k in 2024, up from 2.3k in 2023, Tourism Minister Ahmed Al Khateeb said, according to <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4396526\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-475-%D8%A3%D9%84%D9%81-%D8%BA%D8%B1%D9%81%D8%A9-%D9%81%D9%86%D8%AF%D9%82%D9%8A%D8%A9-%D9%85%D8%B1%D8%AE%D8%B5%D8%A9-%D8%A8%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A8%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%B9%D8%A7%D9%85-2024\/\" style=\"\" rel=\"noopener\">Mubasher<\/a>. The number of hotel rooms across the country reached 475k, up from 280k, with plans to hit 675k by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">** <strong>We have more from REFF in today\u2019s issue.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s Arab Light crude <\/strong><strong>coul<\/strong><strong>d see a price hike for Asian buyers in March<\/strong> on the back of higher demand from China and India, as US sanctions on Russia continue to tighten supplies, traders told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabia-may-hike-march-oil-prices-asia-highest-over-year-2025-01-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Saudi Arab Light crude is expected to be priced at a minimum of USD 3.5 a barrel \u2014 its highest since January 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> <\/strong><strong>#1-<\/strong> <strong>Al Nassr has reportedly kicked off talks with Bayer Leverkusen for striker Victor <\/strong><strong>Boniface<\/strong>, sports reporter Fabrizio Romano said in a <a target=\"_blank\" href=\"https:\/\/x.com\/FabrizioRomano\/status\/1883871856043999720\" style=\"\" rel=\"noopener\">post on X<\/a>. The club is also considering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8825b137-d657-4797-ac16-3c08930dc5d0\/flynas-ipo-to-happen-this-year%3F-%2B-pif-backed-nesma-&-partners-is-mulling-going-public\" style=\"\" rel=\"noopener\">Jhon Dur\u00e1n<\/a> \u2014 who Aston Villa is less eager to part with.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>UFC Saudi Arabia is <\/strong><strong>down one<\/strong><strong> fight: <\/strong>The UFC Saudi Arabia middleweight bout between Andr\u00e9 Muniz and Ikram Aliskerov was canceled due to visa issues with Muniz, according to <a target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/brianmazique\/2025\/01\/27\/ufc-saudi-arabia-main-card-takes-a-hit-with-canceled-fight\/\" style=\"\" rel=\"noopener\">Forbes<\/a>. Muniz announced on Instagram that neither he nor the UFC were informed in time to resolve the issue, and the fight will be rescheduled for a later date.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the second time their bout has been called off,<\/strong> with a previous cancellation in June 2024. UFC Saudi Arabia will kick off as scheduled on 1 February in Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sportsforall.com.sa\/\" style=\"\" rel=\"noopener\">Saudi Sports f<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sportsforall.com.sa\/\" style=\"\" rel=\"noopener\">or All Federation (SFA)<\/a><\/strong><strong> will run two major events back to back<\/strong>, with the SFA Expo scheduled to take place between 5-7 February, and the Riyadh Marathon on 8 February, according to a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20250126194032\/en\/\" style=\"\" rel=\"noopener\">press release<\/a>. The last edition of the SFA Expo attracted some 12k visitors, while Riyadh Marathon\u2019s previous iteration attracted more than 20k runners from 125 countries.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two stories are dominating headlines in the foreign press this morning: <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- China\u2019s response to ChatGPT, DeepSeek, wiped USD 1 tn off of US stocks yesterday<\/strong>, with the prospect of a cheaper and much less energy-intensive AI chatbot rattling markets and raising questions around the US\u2019 alleged AI dominance. The startup was later hit by a cyberattack, which prompted its developers to limit registrations. <strong>We have more in Planet Finance, below.<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/chinas-deepseek-sets-off-ai-market-rout-2025-01-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e670a4ea-05ad-4419-b72a-7727e8a6d471\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"http:\/\/billion-after-deepseek-selloff?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Hundreds of thousands of Palestinians returned to northern Gaza after months of displacement<\/strong>, following Israel\u2019s opening of military checkpoints after a 24-hour delay caused by claims that one of the Israeli hostages meant for release had not returned. Late night talks on Sunday shored up the agreement, making way for the opening of the routes yesterday and for more hostage transfers later this week. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/hamas-release-israeli-hostage-yehud-two-others-before-friday-israel-allow-gazans-2025-01-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/jan\/27\/israel-gaza-ceasefire-qatar-civilian-hostage-palestinians-statement\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b95f0e3b-9ac1-4efd-b067-6cdfbd69e62a\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-27\/thousands-of-palestinians-return-to-northern-gaza-as-ceasefire-continues?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                       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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/italy-and-ksa-sign-usd-10-bn-in-agreements\/\">\r\n                            Italy and KSA sign USD 10 bn in agreements                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/italy-and-ksa-sign-usd-10-bn-in-agreements\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/italy-and-ksa-sign-usd-10-bn-in-agreements\/1947-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1947.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1947.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1947.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1947.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93802\" class=\"content-area-description single-story post-93802 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-diplomacy tag-enterpriseam-ksa tag-investment-watch tag-saudi-italy-relations tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.35600b3e-0902-4b03-8ee9-91bf8e84f131.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Italy and Saudi Arabia inked a raft of agreements worth USD 10 bn<\/strong> during Italian Prime Minister Giogria Meloni\u2019s trip to the Kingdom, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/italy-saudi-arabia-ink-10-billion-cooperation-industrial-deals-2025-01-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The two sides signed 26 MoUs across sectors including construction, renewable energy, cultural exchange and digital technologies, at a roundtable meeting attended by government officials and private sector players, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2250594\" style=\"\" rel=\"noopener\">SPA<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SACE SIGNS A RAFT OF AGREEMENTS<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Italy\u2019s state export credit agency <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sace.it\/en\" style=\"\" rel=\"noopener\">Sace<\/a><\/strong><strong> signed agreements worth USD <\/strong><strong>6.6 bn,<\/strong> to facilitate bilateral trade and investment, according to a <a target=\"_blank\" href=\"https:\/\/www.sace.it\/en\/media\/press-releases-and-news\/press-releases-details\/sace--to-sign-agreements-and-operations-worth---6.6-billion-in-saudi-arabia\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Sace signed a USD 3 bn multi-currency facility agreement with Neom,<\/strong> backed by nine international banks including HSBC, Banco Bilbao Vizcaya Argentaria, Bank of China, Cr\u00e9dit Agricole CIB, Agricultural Bank of China, Citibank, China Construction Bank, JP Morgan Chase and Bank of America. The partnership will allow Neom to leverage services from Italian firms for its infrastructure, urban development, construction and transport projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Sace had previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f5bafffa-988b-4d0a-bb98-589ead92c4c3\/italy%25e2%2580%2599s-sace-pledges-usd-3-bn-for-neom-loan-guarantees\" style=\"\" rel=\"noopener\">pledged USD 3 bn<\/a> in loan guarantees to Neom \u2014 paving the way for Italian firms to win development contracts for the megaproject.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Acwa Power signed multiple agreements with <\/strong><strong>Sace<\/strong> to provide a USD 100 mn credit line to Acwa Power in exchange for promoting Italian businesses. Up to USD 500 mn in support to facilitate exports from Italy is also in the cards.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Acwa Power signed an MoU with Italian natural gas operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.snam.it\/en\/home.html\" style=\"\" rel=\"noopener\">Snam<\/a><\/strong><strong> to explore <\/strong><strong>collaboration on a green hydrogen supply chain<\/strong> from Saudi Arabia to Europe, according to a <a target=\"_blank\" href=\"https:\/\/www.snam.it\/en\/media\/news-e-comunicati-stampa\/comunicati-stampa\/2025\/Snam-ACWA-Power-Memorandum-idrogeno-verde-ammoniaca.html\" style=\"\" rel=\"noopener\">statement<\/a>. The two sides will be \u201cevaluating the development of an ammonia import terminal in Italy to facilitate the delivery of green hydrogen through the SoutH2 Corridor.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- S<\/strong><strong>ace also signed an MoU with the Saudi Electricity Company (SEC)<\/strong> to explore credit guarantees to SEC for new sustainable projects to develop the Saudi electricity system in collaboration with Italian EPC and O&M service providers, according to a <a target=\"_blank\" href=\"https:\/\/www.sace.it\/en\/media\/press-releases-and-news\/press-releases-details\/sace--to-sign-agreements-and-operations-worth---6.6-billion-in-saudi-arabia\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Arab Bank for Economic Development in Africa will collaborate with Sace<\/strong> to identify prospects for the development of partnerships and joint initiatives in Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO FROM THE ROUNDTABLE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>A new Strategic Partnership Council:<\/strong> Meloni and Crown Prince Mohammed bin Salman signed an agreement to establish a new Strategic Partnership Council to strengthen ties between the two countries, state-press agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2250238\" style=\"\" rel=\"noopener\">SPA<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Development cooperation:<\/strong> Saudi\u2019s Fund for Development also signed an MoU with Italy\u2019s National Promotional Institution to enhance social and economic development cooperation, and develop sectors contributing to sustainable development goals, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2250464\" style=\"\" rel=\"noopener\">SPA<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Aerospace and defense:<\/strong> Italian multinational security firm <a target=\"_blank\" href=\"https:\/\/www.leonardo.com\/en\/\" style=\"\" rel=\"noopener\">Leonardo<\/a> inked an MoU with the Investment Ministry and the General Authority for Military Industries to \u201cdiscuss, develop and evaluate\u201d investments and partnerships in the aerospace and defense sectors, according to a <a target=\"_blank\" href=\"https:\/\/www.leonardo.com\/en\/press-release-detail\/-\/detail\/26-01-2025-leonardo-signs-mou-in-the-kingdom-of-saudi-arabia-to-expand-collaboration-in-the-aerospace-and-defence-sector#:~:text=This%20latest%20agreement%20leverages%20the,a%20focus%20on%20Combat%20Air\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Future cooperation: <\/strong>Solar and wind energy, sustainable tourism, and advanced construction techniques were highlighted as sectors for future cooperation during the roundtable discussion. Italian companies also discussed their interest in ramping up their investments in the Kingdom, contributing to total foreign investments in Saudi projected to reach SAR 11.8 tn over the next six years, SPA reported<strong>. <\/strong>Meloni also cited defense, energy cooperation and sport among the sectors set to see further cooperation, and expressed support for the Kingdom joining the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9fb4da2c-a20e-450d-8dd9-b36ebe5ad183\/public-investment-fund-targets-sar-4-tn-in-aum-by-2025\" style=\"\" rel=\"noopener\">GCAP fighter jet program<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strong ties: <\/strong>Italy ranked as Saudi\u2019s second-largest European trade partner in 2023 and tenth overall, with USD 10.8 bn in trade volumes, <a target=\"_blank\" href=\"https:\/\/english.aawsat.com\/business\/5105527-saudi-arabia-and-italy-boast-trade-volume-around-109-billion\" style=\"\" rel=\"noopener\">Asharq Alawsat<\/a> reports. Saudi imports from Italy stood at USD 5.78 bn, while exports to the country were valued at USD 4.92 bn \u2014 including USD 737 mn in non-oil exports, the outlet said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-italy-relations\/\">Saudi-Italy relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93804\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93804\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/capital-economics-gives-its-two-cents-on-saudi-arabias-public-debt-trajectory\/\">\r\n                            Capital Economics draws three potential scenarios for Saudi Arabia\u2019s public debt trajectory                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/capital-economics-gives-its-two-cents-on-saudi-arabias-public-debt-trajectory\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/api.whatsapp.com\/send?text=Capital+Economics+gives+its+two+cents+on+Saudi+Arabia%E2%80%99s+public+debt+trajectory+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F01%2F28%2Fcapital-economics-gives-its-two-cents-on-saudi-arabias-public-debt-trajectory%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/capital-economics-gives-its-two-cents-on-saudi-arabias-public-debt-trajectory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/115.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93805\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/capital-economics-gives-its-two-cents-on-saudi-arabias-public-debt-trajectory\/115-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/115.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"115.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/115.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/115.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93804\" class=\"content-area-description single-story post-93804 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-capital-economics tag-debt-watch tag-economy tag-enterpriseam-ksa tag-oil-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.60f8181c-8216-4ef7-85d1-00aa28c5e87f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Saudi Arabia\u2019s public debt could reach higher levels than previously expected by 2030:<\/strong> London-based research outfit Capital Economics sees the Kingdom's debt-to-GDP ratio reaching 50% by 2030 and 60% by 2033, with the firm expecting oil prices to see a more significant dip than the government has pencilled into its plans, Capital Economics\u2019 James Swanston said in a report seen by EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- The forecast comes following the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a227c487-b94f-4b57-827f-4d12f96d3464\/finmin-approves-sar-139-bn-public-borrowing-plan-for-2025\" style=\"\" rel=\"noopener\">approval<\/a><\/strong><strong> of the Kingdom\u2019s borrowing plan for <\/strong><strong>FY 2025 earlier this month,<\/strong> which outlined a requirement for some SAR 139 bn in new public debt \u2014 and a subsequent USD 12 bn international bond issuance from the Finance Ministry, which was 3x <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9470d441-db21-42b6-93f0-78644246913f\/finmin%25e2%2580%2599s-usd-12-bn-international-bond-issuance-was-3x-oversubscribed\" style=\"\" rel=\"noopener\">oversubscribed<\/a>. The government\u2019s targeted amount for new public debt is intended to bridge an anticipated SAR 101 bn budget deficit penciled in for the new fiscal year, in addition to covering some SAR 38 bn required to meet principals\u2019 repayments for loans maturing during the period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gov\u2019t doesn\u2019t see deficits as an inherently bad thing:<\/strong> As long as the returns on public spending exceed the cost of borrowing, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/099ddafb-5201-4a43-a67f-a67176b7cbff\/al-jadaan-outlines-next-year%25e2%2580%2599s-fiscal-policy\" style=\"\" rel=\"noopener\">deficits of SAR 100-140 bn<\/a> can be beneficial, Finance Minister Mohammed Al Jadaan told Al Arabiya late last year. The Kingdom looks to benefit from the interest rate reversal to increase borrowing, signalling fiscal expansion in 2025, 2026, and 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Capital Economics isn\u2019t as confident, however: <\/strong>\u201cAs things stand, the Saudi government debt burden stands at 29.6% of GDP and doesn\u2019t appear concerning \u2013 this is far lower than the EM average of around 70%. But if we\u2019re right in expecting oil prices to fall back in the coming years, and by more than the government has pencilled into its plans, the budget deficit will widen and the debt ratio will resume its rise,\u201d Swanston writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm laid out multiple possible scenarios, <\/strong>which it constructed based on different possible levels of oil prices by the end of the decade. <\/p>\n<ul>\n<li><strong>In its central scenario,<\/strong> Capital Economics sees oil prices gradually falling back from USD 80 \/ bbl today to around USD 55 pb by 2027-2030 \u2014 which, in turn, would push the Kingdom\u2019s public debt-to-GDP ratio to 50% of GDP by 2030 and 60% by 2033. <\/li>\n<li><strong>If oil prices were to dip even further to USD 40 \/ bbl,<\/strong> Saudi\u2019s public debt-to-GDP ratio would more than double to nearly 90% by 2030. <\/li>\n<li><strong>If the Kingdom\u2019s oil output was increased to 12 mn bbl \/ d (35% higher than today)<\/strong> and oil prices were USD 40 \/ bbl, the debt-to-GDP ratio would go up to 80% by the end of the decade.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Oil prices are expected to be \u201cweak\u201d in 2025:<\/strong> A Reuters poll conducted in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e3108e21-f706-49b7-8a48-c71dc7d3446e\/saudi-gdp-growth-to-hit-4.4%2525-in-2025--reuters-poll\" style=\"\" rel=\"noopener\">October<\/a> sees oil prices remaining \u201cbroadly weak\u201d at a USD 76.8 \/ bbl average this year, down from an average of USD 83 \/ bbl in 2024, according to the Finance Ministry\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/64.pdf\" style=\"\" rel=\"noopener\">budget statement for FY 2025 (pdf)<\/a>. Meanwhile, S&P Global sees oil prices reaching an average of USD 75 \/ bbl over the next two years, the firm\u2019s Global Head of Islamic Finance Mohamed Damak told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/01\/07\/-%D8%A7%D8%B3-%D8%A7%D9%86%D8%AF-%D8%A8%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%AA%D9%88%D9%82%D8%B9-75-%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7-%D9%84%D9%84%D8%A8%D8%B1%D9%85%D9%8A%D9%84-%D9%85%D8%AA%D9%88%D8%B3%D8%B7-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%AE%D9%84%D8%A7%D9%84-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D9%8A%D9%86-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84%D9%8A%D9%86\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> earlier this month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The solution, for Capital Economics, is to slash the Kingdom\u2019s public spending: <\/strong>\u201cThe overarching message for the Saudi government is that if it is to live with lower oil prices, fiscal policy will need to be kept tight in order to prevent a rapid climb in public debt,\u201d Swanston wrote. \u201cUnder our central scenario, a fiscal squeeze equivalent to at least 4% of GDP would be required to stabilise the debt-to-GDP ratio at 40% by 2030.\u201d It seems the kingdom has no other option but slashing its public debt with the government indicating that it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a227c487-b94f-4b57-827f-4d12f96d3464\/finmin-approves-sar-139-bn-public-borrowing-plan-for-2025\" style=\"\" rel=\"noopener\">won\u2019t be raising taxes<\/a> to meet the shortfall. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Far less optimistic than other forecasts:<\/strong> Credit rating agency Moody\u2019s sees the Kingdom\u2019s public debt hitting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7d748790-0882-40ac-9609-842af41b0d1d\/moody%25e2%2580%2599s-upgrades-saudi-arabia%25e2%2580%2599s-sovereign-credit-rating-to-aa3\" style=\"\" rel=\"noopener\">35% of GDP in 2030<\/a>, up from 26% of GDP at the close of 2023 \u2014 a much more conservative estimate than Capital Economics\u2019 forecast, and far lower than the EM average of around 70%. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-economics\/\">Capital Economics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/economy\/\">ECONOMY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/oil-watch\/\">oil watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93806 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"93806\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/93806\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93806\" class=\"content-area-description single-story post-93806 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93807\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93807\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/foreign-investors-can-now-buy-shares-of-listed-companies-with-real-estate-assets-in-the-holy-cities\/\">\r\n                            Foreign investors can now buy shares of listed companies that own real estate assets in the holy cities                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1957.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1957.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1957.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1957.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93807\" class=\"content-area-description single-story post-93807 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-enterpriseam-ksa tag-real-estate tag-regulation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.3038469b-c45d-4b87-9807-ab915a73e9e7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Foreign investors can now directly buy shares and convertible debt <\/strong><strong>instruments in <\/strong><strong>Tadawul-listed real estate companies with assets in Makkah and Madinah, <\/strong>under the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/1943.pdf\" style=\"\" rel=\"noopener\">Capital Market Authority\u2019s (CMA) regulatory update (pdf)<\/a> to the Law of Real Estate Ownership and Investment by Non-Saudis. The move unlocks the option for non-Saudi investors to directly gain exposure to the high-demand property investment market in the holy cities. This comes amid a country-wide push to appeal to more foreign investors, boost capital markets\u2019 liquidity, and lock in additional sources of FDI. The story was picked up by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-27\/saudi-arabia-opens-foreign-property-investments-in-holy-cities\" style=\"\" rel=\"noopener\">Bloomberg<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-allows-foreigners-invest-firms-with-property-mecca-medina-2025-01-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The change applies to listed real estate firms that either own public or private assets <\/strong><strong>within the holy cities,<\/strong> which grants foreign investors the right to own stocks in four major property developers namely PIF-backed <a target=\"_blank\" href=\"https:\/\/www.taiba.com.sa\/\" style=\"\" rel=\"noopener\">Taiba Investments<\/a>, <a target=\"_blank\" href=\"https:\/\/jabalomar.com.sa\/en\/home\/\" style=\"\" rel=\"noopener\">Jabal Omar Development<\/a>, <a target=\"_blank\" href=\"https:\/\/mcdc.com.sa\/\" style=\"\" rel=\"noopener\">Makkah Construction & Development<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.madinahkec.com\/\" style=\"\" rel=\"noopener\">Knowledge Economic City (KEC)<\/a>, according to an SNB Capital note seen by EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The CMA greenlit rules, in 2021, allowing non-Saudis to subscribe to real estate funds investing within Makkah and Madinah, but up until now direct investment in company shares or debt instruments was not allowed. Non-muslims remain prohibited from owning property in the holy cities, despite the gradual relaxation of ownership rules in other parts of the Kingdom. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat:<\/strong> Foreign ownership is capped at 49% of a company\u2019s total shares or convertible debt instruments. Meanwhile, foreign strategic investors are entirely excluded from ownership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What the pundits are saying:<\/strong> SNB Capital believes this change will unlock the value of these high-quality assets, enhance funding channels for future projects, and boost liquidity \u2014 potentially paving the way for inclusion in major global indices, the note said. Notably, while Makkah and Jabal Omar are already part of the FTSE Saudi Index, none of these stocks are currently included in the MSCI Index, the note reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A potential upside revaluation of assets in the holy cities?<\/strong> Other stocks with assets in Makkah and Madinah \u2014 such as Seera Group Holding, Dar Al Arkan Real Estate Development, Jadwa REIT Al Haramain Fund, and SICO Saudi REIT \u2014 could also benefit from the potential revaluation of assets in the holy cities, SNB Capital said. Additionally, this shift could fuel investor appetite for new IPOs, mirroring the impact of a similar exemption granted to real estate funds, including REITs, in 2021, according to the note.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market r<\/strong><strong>eax<\/strong><strong>: <\/strong>Stocks of the obvious benefactors from the decision were the main movers on Tadawul yesterday, with all of them closing c. 10% up on market close.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/regulation-watch\/\">REGULATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93809\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93809\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">TOURISM<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/private-investment-in-the-saudi-tourist-sector-hit-sar-14-2-bn-last-year\/\">\r\n                            Private investment in the Saudi tourist sector hit SAR 14.2 bn last year, up 12 bn y-o-y                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/private-investment-in-the-saudi-tourist-sector-hit-sar-14-2-bn-last-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/private-investment-in-the-saudi-tourist-sector-hit-sar-14-2-bn-last-year\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/private-investment-in-the-saudi-tourist-sector-hit-sar-14-2-bn-last-year\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Private investment in the Saudi tourist sector hit SAR 14.2 bn last year&url=https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/private-investment-in-the-saudi-tourist-sector-hit-sar-14-2-bn-last-year\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/private-investment-in-the-saudi-tourist-sector-hit-sar-14-2-bn-last-year\/&title=Private investment in the Saudi tourist sector hit SAR 14.2 bn last year\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Private+investment+in+the+Saudi+tourist+sector+hit+SAR+14.2+bn+last+year+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F01%2F28%2Fprivate-investment-in-the-saudi-tourist-sector-hit-sar-14-2-bn-last-year%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/private-investment-in-the-saudi-tourist-sector-hit-sar-14-2-bn-last-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1762.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93810\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/private-investment-in-the-saudi-tourist-sector-hit-sar-14-2-bn-last-year\/1762-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1762.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1762.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1762.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1762.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93809\" class=\"content-area-description single-story post-93809 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-enterpriseam-ksa tag-tourism tag-vision-2030 wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.691aea8c-de9c-4139-bd16-407dd257f997.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Private investment in our tourism sector hit SAR 14.2 bn in 2024<\/strong>, up from 12 bn the year before, Tourism Minister Ahmed Al Khateeb said in an interview with <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-27\/saudi-tourism-seeing-more-private-investment-minister-says\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Some 40% of the funding came from foreign investors, with Europe and the US putting up the largest contributions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Discussions with investors from countries including China, South Korea, and Malaysia are already underway, with a focus on key areas such as gigaprojects, shopping centers, and hotels, the business information service said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors are intrigued:<\/strong> \u201cInternational investors have started to show a great interest to come and invest in Saudi Arabia in a time where some regions are stable or declining. They see that our ambitious plans are unlocking the value of this sector after it was closed for many decades,\u201d Al Khateeb said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ambitious targets:<\/strong> Saudi Arabia has been open to leisure tourists since 2019, and plans to reel in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/778b5d96-5501-4666-8aa3-98b796ebf183\/everything-you-need-to-know-from-saudi-officials-at-davos\" style=\"\" rel=\"noopener\">70 mn foreign visitors annually<\/a> by 2030, up from 30 mn in 2024. The sector aims to secure USD 80 bn in private investment by the end of the decade to help achieve this goal, contributing to the Kingdom\u2019s larger diversification agenda. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Tourism accounted for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/778b5d96-5501-4666-8aa3-98b796ebf183\/everything-you-need-to-know-from-saudi-officials-at-davos\" style=\"\" rel=\"noopener\">5% of our GDP<\/a> last year, a share the Kingdom is targeting to raise into 10% by 2030, backed by USD 500 bn in sustainable tourism projects such as AlUla and the Red Sea, Al Khateeb mentioned at Davos. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/vision-2030\/\">Vision 2030<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93811\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93811\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/nhc-signs-sar-30-bn-agreements-at-real-estate-future-forum\/\">\r\n                            NHC signs SAR 30 bn agreements at Real Estate Future Forum                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/nhc-signs-sar-30-bn-agreements-at-real-estate-future-forum\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The signed initiatives look to boost local content, innovation, and sustainability in the local real estate sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Agreements signed at the REFF include:<\/strong><\/p>\n<ul>\n<li>An MoU with the Industry and Mineral Resources Ministry to bolster supply chains and local content in real estate development;<\/li>\n<li>An MoU with King Abdulaziz City for Science and Technology and Al Saif Company to advance off-site construction techniques;<\/li>\n<li>Supply chain services agreements with a host of real estate firms \u2014 including Retal, Dar Wa Emaar, and Al Raed Real Estate Development \u2014 to enhance project efficiency and quality;<\/li>\n<li>Open purchase agreements with Al Zamil Air Conditioners Factory for air conditioning supply chains;<\/li>\n<li>Strategic collaboration to launch a logistics city in Khuzam with CETIC Construction and Alrawaf Contracting (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/national-housing-company-nhc_aewaeuaevaerabraewaeaaepaet-nhc-aetaeuaesaexaexabraetaebaesaeqaeqaesabraepaesaehaeqaepaez-activity-7289681360502366208-Rw6d?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Linkedin<\/a>) to strengthen supply chains in the real estate sector and support future projects;<\/li>\n<li>An MoU with Saudi Media Academy to provide specialized training programs for developing national media talent (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/national-housing-company-nhc_aetaeuaesaexaexabraetaebaesaeqaeqaesabraepaesaehaeqaepaez-activity-7289682199119896578-xyim?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Linkedin<\/a>).<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new NHC subsidiary + IPO plans:<\/strong> The company launched its new digital arm, NHC Innovation, to manage the company\u2019s digital gateways, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/SaudiNHC\/status\/1883833983173341323\" style=\"\" rel=\"noopener\">post on X<\/a>. The company manages 10 digital platforms serving 20 mn users and handling 500 mn operations per year, with SAR 250 bn in financial transactions in 2024. NHC is currently mulling IPOs of multiple companies, including NHC Innovation, Al Batty told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/01\/27\/-nhc-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%AF%D8%B1%D8%B3-%D8%B7%D8%B1%D8%AD-%D8%A8%D8%B9%D8%B6-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%A7%D8%A8%D8%B9%D8%A9-%D9%84%D9%84%D8%A7%D9%83%D8%AA%D8%AA%D8%A7%D8%A8-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\" style=\"\" rel=\"noopener\">Alarabiya<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NHC has big plans for this year: <\/strong>The state-owned home developer has a SAR 70 bn housing projects pipeline lined up for 2025, Mubasher <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4396752\/%D8%A7%D9%84%D8%A8%D8%B7%D9%8A-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9-%D9%84%D9%84%D8%A5%D8%B3%D9%83%D8%A7%D9%86-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%B7%D8%B1%D8%AD-%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%AA%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-%D9%82%D9%8A%D9%85%D8%AA%D9%87%D8%A7-70-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%B1%D9%8A%D8%A7%D9%84-%D9%81%D9%8A-%D8%B9%D8%A7%D9%85-2025\/\" style=\"\" rel=\"noopener\">reported<\/a>, citing NHC CEO Mohammed Al Batty. NHC's real estate portfolio, including partner holdings, is expected to surpass SAR 200 bn by the year\u2019s close. The developer is also on track for its 2025 targets as it aims to hit the milestone of delivering upwards of 300k housing units across 17 locations by the year\u2019s end, <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4396452\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9-%D9%84%D9%84%D8%A5%D8%B3%D9%83%D8%A7%D9%86-%D8%AA%D8%AD%D9%82%D9%8A%D9%82-%D9%87%D8%AF%D9%81-%D8%B6%D8%AE-300-%D8%A3%D9%84%D9%81-%D9%88%D8%AD%D8%AF%D8%A9-%D8%B3%D9%83%D9%86%D9%8A%D8%A9-%D9%82%D8%A8%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-2025\/\" style=\"\" rel=\"noopener\">Mubasher<\/a> separately quotes Al Batty.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh in the crosshairs:<\/strong> 50% of new home developments lined up for the year will be situated in the capital, with 70k new housing units earmarked this year, Al Batty added.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/asas-real-estate\/\">Asas Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/asir\/\">Asir<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-housing-company-nhc\/\">National Housing Company (NHC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyadh\/\">Riyadh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93813\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93813\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/the-kingdoms-startup-funding-drops-70-y-o-y-in-2024\/\">\r\n                            The Kingdom\u2019s startup funding drops 70% y-o-y in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/the-kingdoms-startup-funding-drops-70-y-o-y-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Last year\u2019s tally places the Kingdom behind the UAE, which drew in USD 1.1 bn \u2014 almost half of regional funding \u2014 across 207 transactions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The drop in numbers is partly explained by a disparity in debt funding: <\/strong>2023\u2019s tally was buoyed by USD 1 bn in debt. Excluding this, the drop in investment numbers narrows from 70% to 44% y-o-y. Debt accounted for just USD 34.3 mn of investments in our startup scene last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The standout sectors: <\/strong>SaaS startups attracted the most capital in the Kingdom, securing USD 177 mn across 27 transactions. Fintech followed closely with USD 171 mn across 24 startups, while mobility startups raised USD 86 mn from four agreements. The majority of investments were driven by local venture capital firms and government-backed programs to bolster the tech sector in keeping with the diversification agenda.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi investors were also the most active in the region<\/strong>, accounting for 175 agreements and surpassing the UAE (98), Egypt (57) and the most active foreign investor, the US (100). Among Saudi-based investors, PIF-backed Sanabil 500 ranked second in MENA with 14 agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> ON THE REGIONAL FRONT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The MENA region\u2019s total startup investments declined by 42% y-o-y to USD 2.3 bn in 2024 <\/strong><strong>across 610 transactions.<\/strong> Rounds taking place without debt amounted to USD 2 bn, while debt-enabled transactions reached USD 331 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The most popular sectors in 2024 for venture investors: <\/strong>The fintech sector accounted for 30% of total investments in the region in 2024, with USD 700 mn injected into 119 fintech startups \u2014 followed by web3 at USD 260 mn, and e-commerce at USD 253 mn in investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Early stage investments accounted for the bulk of investments last year with a total <\/strong><strong>exceeding USD 1.2 bn<\/strong> across 300 startups and ranging from pre-seed to Series A stages. The later stages reached a total of USD 332 mn across 10 transactions, while only two startups secured pre-IPO rounds with a value of USD 143.3 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The B2B model took the lead with USD 1.2 bn in investments across 325 startups<\/strong>, followed by the B2C field with USD 717 mn, with the hybrid model amounting to USD 311.7 mn and direct-to-consumer to USD 25.5 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How do these figures compare?<\/strong> Wamda\u2019s estimate for total investments in the region was higher than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/42e9a0da-3c7c-452f-849f-1f32ca3d5a50\/the-uae-saw-the-most-\" style=\"\" rel=\"noopener\">Magnitt\u2019s<\/a>, with total startup investments amounting to USD 1.5 bn, marking a 29% y-o-y decline in comparison to 2023. Both reports agree that early-stage investments are becoming more appealing to investors than late-stage rounds.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sanabil-investments\/\">Sanabil Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/wamda\/\">Wamda<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93815\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93815\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/new-petroleum-law-requires-companies-exporters-to-obtain-license\/\">\r\n                            New petroleum law requires companies, exporters to obtain license                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/new-petroleum-law-requires-companies-exporters-to-obtain-license\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/new-petroleum-law-requires-companies-exporters-to-obtain-license\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/new-petroleum-law-requires-companies-exporters-to-obtain-license\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New petroleum law requires companies, exporters to obtain license&url=https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/new-petroleum-law-requires-companies-exporters-to-obtain-license\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/new-petroleum-law-requires-companies-exporters-to-obtain-license\/&title=New petroleum law requires companies, exporters to obtain license\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+petroleum+law+requires+companies%2C+exporters+to+obtain+license+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F01%2F28%2Fnew-petroleum-law-requires-companies-exporters-to-obtain-license%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/new-petroleum-law-requires-companies-exporters-to-obtain-license\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1981.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93816\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/new-petroleum-law-requires-companies-exporters-to-obtain-license\/1981-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1981.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1981.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1981.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1981.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93815\" class=\"content-area-description single-story post-93815 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-enterpriseam-ksa tag-legislation-watch tag-petrochemicals tag-petroleum wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.8786feff-7eaf-4044-8cde-034f5e3df7ca.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Petroleum and petrochemical operations now require a license:<\/strong> The Kingdom\u2019s new Petroleum and Petrochemical Law requires companies to obtain a license for all operations in the sector, <a target=\"_blank\" href=\"https:\/\/www.saudigazette.com.sa\/article\/648894\/SAUDI-ARABIA\/5-year-jail-and-fine-of-SR30-million-for-exporting-petroleum-products-without-a-license-nbsp-nbsp-nbsp-nbsp-nbsp-nbsp-nbsp\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reports. The new law \u2014 approved by the council of ministers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8767e7bd-fc10-4836-93ba-70d47f2d6b4d\/cabinet-signs-off-on-amendments-to-traffic-rule-penalties\" style=\"\" rel=\"noopener\">earlier this month<\/a> \u2014 replaces the old Petroleum Products Trade Law, aiming to attract investments, support industry localization, and prevent illegal practices like smuggling and false reporting. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The new law stipulates sales and purchases of petroleum products must be priced at the global prices. Establishing petrochemical facilities will also need prior approval from the Energy Ministry, with inspectors holding expanded powers to monitor facilities, investigate violations, and seize items suspected of breaching regulations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Energy Ministry may also deny or revoke export licenses for violators, <\/strong>according to the provisions of the law. Violations include \u201cSupplying the ministry or the public with false or misleading information or data related to petroleum or petrochemical operations or materials; \u2026 tampering with storage levels for the purpose of liquefying or selling it or disrupting the security and reliability of petroleum and petrochemical supplies,\u201d according to Saudi Gazette.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Unlicensed exporters of petroleum product could face up to five years in prison,<\/strong> and a fine up to SAR 30 mn or twice the value of the seized products at global prices, as well as confiscation of illegally traded materials. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/legislation-watch\/\">LEGISLATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/petrochemicals\/\">petrochemicals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/petroleum\/\">petroleum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93817\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93817\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/catrion-catering-holding-signs-off-on-leadership-shuffle\/\">\r\n                            Catrion Catering Holding signs off on leadership shuffle                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/catrion-catering-holding-signs-off-on-leadership-shuffle\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Al Shuhail succeeds <strong>Wajdy Mohammed Al Ghabban<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/wajdyalghabban?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3B2yiQrR8UQU2eXRR8Fcjs5Q%3D%3D\" style=\"\" rel=\"noopener\">Linkedin<\/a>), who will now become <strong>managing director of the board<\/strong> following his nine-year tenure as CEO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Catrion also tapped <strong>Mohammed \u200eAbdulaziz Al Sarhan<\/strong> as board chairman with <strong>Fahad <\/strong><strong>Abdullah Moussa<\/strong> (<a target=\"_blank\" href=\"http:\/\/linkedin.com\/in\/fahadmoussa\" style=\"\" rel=\"noopener\">Linkedin<\/a>) as vice chairman, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84906&anCat=1&cs=6004&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a>. Al Sarhan currently chairs the boards of Al Bahri and Al Muzaini Real Estate Development, while Moussa serves as a board member on SAL, Saudia Cargo, and Fourth Milling Company. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/catrion-catering-holding\/\">Catrion Catering Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93819\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93819\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/sener-to-revamp-masterplans-for-saudi-airports\/\">\r\n                            Sener to revamp masterplans for Saudi airports                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/sener-to-revamp-masterplans-for-saudi-airports\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/sener-to-revamp-masterplans-for-saudi-airports\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/sener-to-revamp-masterplans-for-saudi-airports\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Sener to revamp masterplans for Saudi airports&url=https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/sener-to-revamp-masterplans-for-saudi-airports\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/sener-to-revamp-masterplans-for-saudi-airports\/&title=Sener to revamp masterplans for Saudi airports\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Sener+to+revamp+masterplans+for+Saudi+airports+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F01%2F28%2Fsener-to-revamp-masterplans-for-saudi-airports%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/sener-to-revamp-masterplans-for-saudi-airports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1979.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93820\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/sener-to-revamp-masterplans-for-saudi-airports\/1979-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1979.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1979.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1979.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1979.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93819\" class=\"content-area-description single-story post-93819 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-acwa-power tag-al-ghurair tag-also-on-our-radar tag-electricity tag-enterpriseam-ksa tag-eviq tag-foz tag-general-authority-of-civil-aviation-gaca tag-green-hydrogen tag-jeddah-islamic-port tag-matarat tag-riyadh-air tag-vision-2030 wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.742777d0-3553-4ad4-9c87-846ffd111f4b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1- Spain\u2019s Sener tapped to upgrade masterplans for five airports:<\/strong> Airports operator Matarat Holding awarded the Spanish engineering firm <a target=\"_blank\" href=\"https:\/\/www.group.sener\/en\/\" style=\"\" rel=\"noopener\">Sener<\/a> a contract to update the master plans for the Yanbu, Tabuk, Al-Baha, Al Jouf, and Al Gurayat airports, Sener said in a <a target=\"_blank\" href=\"https:\/\/www.group.sener\/en\/noticias\/sener-to-update-masterplans-for-five-saudi-airports\/\" style=\"\" rel=\"noopener\">statement<\/a>. The contract will see Sener analyze traffic, tourism potential, facility needs, and environmental impacts while forecasting future demand and investment needs. An airport\u2019s master plan aims to chart a framework for its short- and long-term development needs. The contract value wasn\u2019t disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Riyadh Air received an operational certificate from the General Authority of Civil <\/strong><strong>Aviation for its first Boeing 787-9 RX7000 full-flight simulator<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.riyadhair.com\/en\/media-hub\/riyadh-air-secures-first-advanced-flight-simulator-license-enhancing-pilot-training\" style=\"\" rel=\"noopener\">press release<\/a>. The simulator, which comes ahead of the plane\u2019s scheduled commercial launch this year, will support pilot training by offering a realistic and responsive environment for skill development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Homegrown digital coupon and gift card solutions platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/foz.sa\/\" style=\"\" rel=\"noopener\">Foz<\/a><\/strong><strong> raised SAR 2 mn (USD <\/strong><strong>533k) in a pre-seed funding round<\/strong>, which the startup will use to expand its services in the Kingdom and regionally, <a target=\"_blank\" href=\"https:\/\/waya.media\/saudis-foz-app-closes-usd-533k-for-better-digital-coupon-solutions\/\" style=\"\" rel=\"noopener\">Waya<\/a> reports. The funding will also back the company\u2019s plans to expand its local and international partnerships to scale up its offerings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Foz:<\/strong> Foz offers businesses cost-effective marketing tools, such as digital coupons with discounts that could reach over 50% on various products and services, helping companies boost their sales and attract new customers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based <\/strong><strong>logistics firm Aramex deployed its automated robotic sorting system at <\/strong><strong>Jeddah Islamic Port<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2587913\/corporate-news\" style=\"\" rel=\"noopener\">Arab News<\/a> reports. The system, which has three feeding lines, feature 120 robotic guided vehicles that can process up to 4k shipments per hour, giving it a daily capacity of 96k shipments. Aramex, which launched its regional HQ in the Kingdom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c7c9b939-9eb5-4149-9315-0caca0657eb0\/this-morning:-aramco-is-looking-to-ramp-up-lng-investments-with-us,-australian-partners\" style=\"\" rel=\"noopener\">in March<\/a>, plans to launch a drone delivery project by the end of February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AUTOMOTIVE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EVIQ <\/strong><strong>partners with BYD to expand Saudi EV charging:<\/strong> The <a target=\"_blank\" href=\"https:\/\/eviq.sa\/en\" style=\"\" rel=\"noopener\">Electric Vehicle Infrastructure<\/a><a target=\"_blank\" href=\"https:\/\/eviq.sa\/en\" style=\"\" rel=\"noopener\">Company (EVIQ)<\/a>, a JV between the PIF and the Saudi Electricity Company, partnered with BYD\u2019s agent in Saudi Arabia Al-Futtaim Electric Mobility to build public high-speed EV charging stations at BYD Al-Futtaim Electric Mobility locations across the Kingdom, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/eviq-and-byd-partner-to-enhance-electric-vehicle-ownership-in-saudi-arabia-dco1a9db\" style=\"\" rel=\"noopener\">press release<\/a>. The collaboration also includes offering charging packages to BYD customers for easier access to charging services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> EVIQ plans to deploy over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a36ae51a-cafd-4c94-9ccb-37e6c3ba1669\/filling-stations,-parks-will-be-required-to-install-ev-charging-stations\" style=\"\" rel=\"noopener\">5k chargers<\/a> across the Kingdom by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia sealed a contract with Iraq to supply it with 1 GW of electricity<\/strong> as part of Iraq\u2019s broader plan to import 3.2 GW of electricity from neighboring countries this summer, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/iraq-to-buy-3-250-mw-from-neighboring-countries-jwiugkct\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing remarks given by Iraqi Electricity Ministry Spokesman Ahmed Mousa to the state-run Iraqi News Agency. The plan will see Iraq secure its electricity needs with support from Iran, Turkey, Jordan, and the GCC grid in a bid to address power shortages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zain KSA has become a strategic sponsor for Italy's FC Internazionale Milano, <\/strong>offering home packages with special edition Inter-themed 5G routers, according to a <a target=\"_blank\" href=\"https:\/\/sa.zain.com\/en\/all-news\/news-23jan2025\" style=\"\" rel=\"noopener\">press release<\/a>. The six-month agreement will provide Inter fans with advanced 5G experiences through routers featuring the club\u2019s logo.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/acwa-power\/\">ACWA power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/al-ghurair\/\">Al Ghurair<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/electricity\/\">electricity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/eviq\/\">EVIQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/foz\/\">Foz<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/general-authority-of-civil-aviation-gaca\/\">General Authority of Civil Aviation (GACA)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/green-hydrogen\/\">Green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/jeddah-islamic-port\/\">Jeddah Islamic Port<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/matarat\/\">Matarat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/riyadh-air\/\">Riyadh Air<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/vision-2030\/\">Vision 2030<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93821\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"93821\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/chinese-ai-model-threatens-us-dominance-with-a-fraction-of-the-cost\/\">\r\n                            Chinese AI model threatens US dominance with a fraction of the cost                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/chinese-ai-model-threatens-us-dominance-with-a-fraction-of-the-cost\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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US giant Nvidia stock price fell almost 17%, wiping USD 589 bn in market cap in the biggest one-day drop ever recorded for a US company. Tech-heavy indexes took a hit, too: the Nasdaq Composite was down 3%, while S&P fell 1.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A fraction of the cost:<\/strong> DeepSeek spent only USD 5.6 mn training its R1 model, which \u201cperformed similarly for around one-fourth of the cost,\u201d Anthony Poo, co-founder of a Silicon Valley-based startup, told the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/ai\/china-ai-deepseek-chatbot-6ac4ad33\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>. Silicon Valley\u2019s tech giants spend between USD 100 mn and USD 1 bn training each model, according to <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=xm6jNMSFT7g\" style=\"\" rel=\"noopener\">estimates<\/a> from Dario Amodei, CEO of US-based AI startup Anthropic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How DeepSeek achieved it:<\/strong> DeepSeek\u2019s founder, Liang Wenfeng, used proceeds from his hedge fund High-Flyer to finance DeepSeek\u2019s research and development activities, attracting China\u2019s top AI talent with the highest salaries offered in the country. With little more than 2k Nvidia H800 chips \u2014 US firms used tens of thousands \u2014 they developed the model while sometimes skipping steps US developers thought essential.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DeepSeek claims that the R1 model can outperform US counterparts<\/strong>, and the claim is not without merit. The model seems to outperform rival models on many third party tests, according to <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/01\/24\/how-chinas-new-ai-model-deepseek-is-threatening-us-dominance.html\" style=\"\" rel=\"noopener\">CNBC<\/a>. Some believe OpenAI still has an edge, but several companies are already moving to using DeepSeek as a more cost-efficient option, WSJ reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US attempts to curb China\u2019s AI advancements through sanctions seem to have had the <\/strong><strong>opposite effect.<\/strong> China-bound Nvidia chips were capped at half speed capacity before Washington banned the export of Nvidia chips to China altogether last year. The move forced DeepSeek\u2019s engineers to maximize the computing power of existing chips with limited resources. DeepSeek had also started stockpiling Nvidia A100 chips before the US imposed sanctions, prioritizing research and resource-pooling to develop models despite limited resources.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All in the open: <\/strong>DeepSeek opted to release its AI model open-source, in a departure from competition-focused US companies, which makes the rise of more and more competitors to rival US tech giants more likely. This approach might cause Silicon Valley giants to reconsider their <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8403c183-5692-4e43-97f9-940628d3d782\/inside-trump%25e2%2580%2599s-usd%253cmark%253e-500%253c%2Fmark%253e-bn-ai-project-stargate\" style=\"\" rel=\"noopener\">high-cost strategies<\/a> \u2014 think Trump\u2019s USD 500 bn megaproject Stargate \u2014 in order to keep up with the changing landscape.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regional angle: <\/strong>DeepSeek upending the AI market could have significant ramifications for the GCC\u2019s AI push. Saudi has been looking to both the US and China for AI technologies, after Saudi officials negotiated with the US government to secure Nvidia H200 chips <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/14ae0fd7-cac7-4d45-9940-b25f91c27d5d\/saudi-medical-team-completes-first-robotic-heart-transplant\" style=\"\" rel=\"noopener\">last year<\/a> and an Aramco fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/07ae7033-cfaf-45c4-9492-edf6be5e753e\/aramco-unit-invests-in-chinese-rival-to-openai\" style=\"\" rel=\"noopener\">invested in<\/a> Chinese startup Zhipu AI. Meanwhile, the UAE started receiving chips from Nvidia <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5c5c848e-6608-47a6-8164-b528e678f6ad\/%253cmark%253envidia%253c%2Fmark%253e-chips-make-their-way-to-the-uae\" style=\"\" rel=\"noopener\">last September<\/a>, including Nvidia\u2019s high-performing H100 chips.<\/p>\n<p class=\"tag-border-left\"> MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are slightly inching down this morning<\/strong>, with Japan\u2019s Nikkei down 0.6% and Shanghai Composite down 0.1%. <strong>Meanwhile, Wall Street futures <\/strong>are seeing little change after DeepSeek triggered tech sell-off on Monday.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,373<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,539<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +1.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>NomuC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,014<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -1.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Sell<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75 Buy<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% repo <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">29,742<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: 0.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,553<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +1.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,192<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: +0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,012<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.5% (YTD: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,504<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +4.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,189<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 77.08<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.8%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.68<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2771.50<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 101,474.50<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.0% (YTD: +8.4%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>fell 0.1% <strong>yesterday <\/strong>on turnover of SAR 7.2 bn. The index is up 2.8% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Jabal Omar (+10.0%), KEC (+9.9%) and MCDC (+9.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Raoom (-5.2%), Nice One (-4.9%) and Albaha (-4.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> rose 0.4% <strong>yesterday <\/strong>on turnover of SAR 47.2 mn. The index is down 1.5% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Aldawliah (+11.0%), Knowledge Tower (+9.3%) and Enma Alrawabi (+6.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Mulkia (-9.9%), Albattal Factory (-6.3%) and Fadeco (-5.9%)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Fisheries Company\u2019s board of directors approved an 83.3% capital reduction to <\/strong><strong>SAR 67 mn, <\/strong>down from SAR 400 mn<strong>, <\/strong>by reducing the number of company shares from 40 mn to 6.7 mn by shares cancellation, the firm said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84900&anCat=1&cs=6050&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a> to Tadawul. The move comes as part of a capital restructuring to offset accumulated losses.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93823\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/28\/93823\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93823\" class=\"content-area-description single-story post-93823 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JANUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-29 January (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tourvespucci.it\/en\/jeddah-january-2025\/\" style=\"\">Amerigo Vespucci and Villaggio Italia<\/a><\/span><span style=\"font-weight:400;\">, Jeddah Yacht Club 7 Marina. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-29 January (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/therff.com\/new\/index_en.php\" style=\"\">Real Estate Future Forum<\/a><\/span><span style=\"font-weight:400;\">, Four Seasons Hotel, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-29 January (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudifranchiseexpo.com\/\" style=\"\">Saudi Franchise Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention and Exhibition Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28-29 January (Tuesday-Wednesday): Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 January (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sustainmideast.com\/\" style=\"\">Sustainability Forum Middle East<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-30 January (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/x.com\/Global_LMC?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" style=\"\">Global Labor Market Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 January (Friday): Deadline for businesses to update their registered customs items.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1Q: BinDawood Holding expected to close <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1765279\" style=\"\">100% acquisition<\/a><\/span><span style=\"font-weight:400;\"> of Zahrat Al Rawdah Pharma  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q: Roshn expected to raise SAR 2.6 bn from international bank<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 February (Saturday): UFC Fight Night: Adesanya vs Imavov, The Venue, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2 February (Sunday): Flyadeal launches direct flights to Karachi, Pakistan, departing from Riyadh and Jeddah twice a week.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2 February: Derayah Financial announces Price Range and begins institutional book building for its Tadawul IPO<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-5 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.simec-expo.com\/\" style=\"\">Saudi International Marine Exhibition (SIMEC)<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-5 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.prnewswire.com\/news-releases\/rlc-global-forum-debuts-in-riyadh-shaping-the-future-of-global-retail-302264227.html\" style=\"\">The RLC Global Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-5 February (Tuesday-Wednesday): Capital Markets & ESG Finance, Hilton Riyadh Hotel & Residences. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6 February (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/x.com\/RERSaudi\/status\/1853003668976538016\" style=\"\">Property registration deadline<\/a><\/span><span style=\"font-weight:400;\"> for owners in several districts of seven Qassim cities.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6-8 February (Thursday-Saturday): LIV Golf season opener, Riyadh Golf Club, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8 February (Saturday): Sotheby\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sothebys.com\/en\/buy\/auction\/2025\/origins?locale=en&cmp=msotw\" style=\"\">first auction<\/a><\/span><span style=\"font-weight:400;\"> in the Kingdom, Diriyah. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-12 February (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/onegiantleap.com\/\" style=\"\">LEAP Tech Conference<\/a><\/span><span style=\"font-weight:400;\">, Malham, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-12 February (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/deepfest.com\/?utm_source=google&utm_medium=paid&utm_content=delprom&utm_campaign=deepfest25&gad_source=1&gclid=CjwKCAiA34S7BhAtEiwACZzv4WynydAnL6UGiUkIxyl-k8I5UfyRJ12EttbjhQClkPb-Ma1p8VcQvRoCPn4QAvD_BwE\" style=\"\">DeepFest<\/a><\/span><span style=\"font-weight:400;\"> by Leap, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.stmksa.com\/\" style=\"\">Saudi Travel Market<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-13 February (Monday-Thursday): Leap 2025, the Kingdom\u2019s premier tech investment conference.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 February (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fiaformulae.com\/en\/news\/501062\" style=\"\">Formula E<\/a><\/span><span style=\"font-weight:400;\">, Diriyah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-18 February (Saturday-Tuesday): Week one of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/\" style=\"\">Big 5 Construct Saudi<\/a><\/span><span style=\"font-weight:400;\">, Riyadh Front Exhibition & Conference Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 February (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2024\/11\/13\/pr24418-saudi-arabia-imf-hold-high-level-annual-conference-emerging-markets\" style=\"\">AlUla Conference for Emerging Market Economies<\/a><\/span><span style=\"font-weight:400;\">, AlUla.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18 February (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/global-cmf.com\/riyadh2025\/\" style=\"\">The Capital Markets Forum<\/a><\/span><span style=\"font-weight:400;\">, KAFD Conference Centre, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 February (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/global-cmf.com\/riyadh2025\/\" style=\"\">The Capital Markets Forum<\/a><\/span><span style=\"font-weight:400;\">, The Four Seasons, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19 February (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83735&anCat=1&cs=4339&locale=en\" style=\"\">Derayah REIT dividend distribution<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 February (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudimf.sa\/en\" style=\"\">Saudi Media Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-22 February (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/jcsa.sa\/en\/saudi-cup\/\" style=\"\">The Saudi Cup<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22 February (Saturday): Founding Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 February (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.boxingnews24.com\/2024\/12\/bivol-vs-beterbiev-ii-fear-or-fight\/\" style=\"\">Dazn Boxing event: Beterbiev vs Bivol II<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-27 February (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ridw.org\/\" style=\"\">Riyadh International Disputes Week<\/a><\/span><span style=\"font-weight:400;\">, Hilton Riyadh Hotel Granada. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rihf.ksrelief.org\/\" style=\"\">The Riyadh International Humanitarian Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-27 February (Monday-Thursday): Week two of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/\" style=\"\">Big 5 Construct Saudi<\/a><\/span><span style=\"font-weight:400;\">, Riyadh Front Exhibition & Conference Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1-30 March: Ramadan (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 March (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 March- 3 April (Monday-Thursday): Eid Al Fitr.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2 April (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ae337b14-d396-4ec9-81e2-4ce2fa828fe4\/a-rundown-of-the-newly-approved-commercial-registration-%2B%253cmark%253e-trade%253c%2Fmark%253e-name-laws\" style=\"\">New Commercial Registration Law and Trade Name<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ae337b14-d396-4ec9-81e2-4ce2fa828fe4\/a-rundown-of-the-newly-approved-commercial-registration-%2B%253cmark%253e-trade%253c%2Fmark%253e-name-laws\" style=\"\">Law<\/a><\/span><span> to take effect.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudisf.com\/en\/\" style=\"\">Sports Investment Forum (SIF)<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-20 April (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.the-afc.com\/en\/national\/afc_u17_asian_cup\/news\/afcu17_qualifiers_set_to_ignite_road_to_saudi_arabia_2025.html\" style=\"\">AFC Asian U17 Cup<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futurehospitality.com\/\" style=\"\">Future Hospitality Summit<\/a><\/span><span style=\"font-weight:400;\">, Mandarin Oriental Al Faisaliah, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 April (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/f1experiences.com\/2025-saudi-arabian-grand-prix\" style=\"\">Saudi Arabian Grand Prix<\/a><\/span><span style=\"font-weight:400;\">, Jeddah,<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-24 April (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudifoodexpo.com\/\" style=\"\">Saudi Food Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-23 April (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eventbrite.co.uk\/e\/aam-middle-east-riyadh-conference-2025-tickets-1110177433589?aff=oddtdtcreator\" style=\"\">AAM Middle East<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">25 April- 4 May (Friday-Sunday): AFC Champions League Elite Finals <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6-7 May (Tuesday-Wednesday): Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-15 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smartmanufacturing.com\/\" style=\"\">Saudi Smart Manufacturing<\/a><\/span><span style=\"font-weight:400;\">, Riyadh International Convention & Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-14 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gemtechforum.com\/\" style=\"\">Global EV & Mobility Technology Forum<\/a><\/span><span style=\"font-weight:400;\">, The Arena, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 May (Friday): Guns N\u2019 Roses Show, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 May-5 June (Saturday-Thursday): Hajj.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6-9 June ( Friday-Monday): Eid Al Adha.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">17-18 June (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 June (Thursday): 2024-2025 academic year ends.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JULY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 July (Thursday): Deadline for companies with SAR 2.5 mn or more in 2022\/2023 revenues to integrate e-invoicing solutions with Fatoora. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29-30 July (Tuesday-Wednesday): Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-17 August (Tuesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fiba.basketball\/en\/events\/fiba-asiacup-2025-qualifiers\" style=\"\">Fiba Asian Cup<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 September (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/money2020middleeast.com\/\" style=\"\">Money 20\/20 Middle East<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-18 September (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 September (Tuesday): Saudi National Day.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 October (Tuesday-Wednesday): Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-9 November (Monday- Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtatennis.com\/tournament\/808\/wta-finals\/2025\/overview\" style=\"\">WTA Tour Finals<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 November (Monday-Wednesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamsaudi.com\/\" style=\"\">The World Advanced Manufacturing & Logistics Saudi Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh Front Convention & Exhibition Centre, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27-30 November (Thursday-Sunday): The World Rally Championship (WRC), Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-4 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaea.org\/events\/epr2025\" style=\"\">International Conference on Nuclear Emergencies<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>December: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fortune.com\/2024\/11\/15\/fortune-global-forum-2025-riyadh-saudi-arabia\/\" style=\"\">The Fortune Global Forum 2025<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9-10 December (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ifat.de\/en\/discover\/ifat-worldwide\/\" style=\"\">IFAT Exhibition and Conference,<\/a><\/span><span> Riyadh<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">UN Trade and Development Global Supply Chain Forum <\/span><span style=\"font-weight:400;\">to take place in Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-12 February (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worlddefenseshow.com\/en\" style=\"\">World Defense Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26-29 October (Monday-Thursday): World Energy Congress, Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The World Water Forum <\/span><span style=\"font-weight:400;\">takes place in Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Ocean Race<\/span><span style=\"font-weight:400;\"> finishes in Amaala on the Red Sea.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Riyadh-Kudmi transmission line<\/span><span style=\"font-weight:400;\"> to be completed.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Capital Economics on Saudi Arabia\u2019s public debt | CMA relaxes holy sites regs | NHC signs SAR 30 bn agreements at REFF<\/p>\n","protected":false},"featured_media":93798,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-93797","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e0de76a6-70b0-46c1-ae49-770834e29728","teaser":"Capital Economics on Saudi Arabia\u2019s public debt | CMA relaxes holy sites regs | NHC signs SAR 30 bn agreements at REFF","photo_url":"https:\/\/ent.news\/2025\/1\/1947.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Italy and KSA sign USD 10 bn in agreements - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/issues\/italy-and-ksa-sign-usd-10-bn-in-agreements\/\" \/>\n<meta property=\"og:locale\" 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