{"id":101343,"date":"2025-10-12T00:00:00","date_gmt":"2025-10-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/12\/slowdown-reportedly-hits-aramcos-expansion-projects-pifs-ipo-plans\/"},"modified":"2025-10-12T00:00:00","modified_gmt":"2025-10-12T00:00:00","slug":"slowdown-reportedly-hits-aramcos-expansion-projects-pifs-ipo-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/12\/slowdown-reportedly-hits-aramcos-expansion-projects-pifs-ipo-plans\/","title":{"rendered":"Slowdown reportedly hits Aramco\u2019s expansion projects, PIF\u2019s IPO plans"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people<\/strong>. We have a mixed bag of news to kick off the week, from Aramco finalizing its acquisition of Sumitomo\u2019s stake in Petro Rabigh, to figures on industrial production in August from Gastat, to the latest real estate reforms in Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST-<\/strong> <strong>Riyadh Season 2025 kicked off on Friday<\/strong>, with a spectacular parade threading its way from the Kingdom Arena toward Boulevard World amid pulsing drumbeats. Floats depicting dunes, neon-lit cityscapes, and traditional motifs rolled past the crowds, interspersed with giant balloons and performers in shimmering costumes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The city lit up by the evening<\/strong>: LED facades danced, fountains shimmered in shifting colors, light projections traced patterns on towers. Street musicians set up impromptu performances, while food carts offered fragrant samosas, shawarma, and Arabic sweets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Last year\u2019s edition set a high bar<\/strong>. Riyadh Season 2024 surpassed 20 mn visits by February, per the <a target=\"_blank\" href=\"https:\/\/www.gea.gov.sa\/en\/20-million-visitors\/\" style=\"\" rel=\"noopener\">General Entertainment Authority<\/a> \u2019s tally. The Kingdom looks to the season as a much-needed engine for tourism, retail, and cultural branding.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Check out our guide to upcoming <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e89976c3-41a9-4f9a-83a8-5878b576f672\/\" style=\"\" rel=\"noopener\">Riyadh Season events in the winter<\/a><\/strong><strong>.<\/strong><\/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- Stormy skies linger:<\/strong> Thunderstorms, hail, and gusty winds stirring dust are expected today across Makkah, Al Baha, Asir, Jazan, Najran, and the Eastern Region, with fog likely forming over these areas and in Tabuk. <\/p>\n<ul>\n<li><strong>Riyadh:<\/strong> 36\u00b0C high \/ 22\u00b0C low,<\/li>\n<li><strong>Jeddah: <\/strong>34\u00b0C high \/ 26\u00b0C low<\/li>\n<li><strong>Makkah: <\/strong>38\u00b0C high \/ 28\u00b0C low.<\/li>\n<\/ul>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The Municipalities and Housing Ministry approved <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/499.pdf\" style=\"\" rel=\"noopener\">updated executive rules for<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/499.pdf\" style=\"\" rel=\"noopener\">municipal violations (pdf)<\/a><\/strong>, it <a target=\"_blank\" href=\"https:\/\/x.com\/saudimomrah\/status\/1975954340775874990\" style=\"\" rel=\"noopener\">said on X<\/a> on Wednesday. The new framework unifies how penalties are applied across the Kingdom, setting clear mechanisms for their monitoring, fines, and enforcement. Violations are now classified as serious or non-serious, with fines reaching up to SAR 2 mn for major offenses. Non-serious violators will be given time to correct their violations before penalties are imposed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Title deed registration for 30.2k properties in 65 neighborhoods in Riyadh and <\/strong><strong>28.4k <\/strong><strong>properties in 46 neighborhoods in the Eastern Province kicks off today and runs until 15 January<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2418644\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. Owners can register through the <a target=\"_blank\" href=\"https:\/\/rer.sa\/en\/\" style=\"\" rel=\"noopener\">Real Estate Registry<\/a> platform or at service centers.<\/p>\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=\"wwtt1\"><\/a> #1- <\/strong><strong>Aramco pauses local ch<\/strong><strong>emicals expansion projects: <\/strong>Saudi Aramco has reportedly put three domestic chemicals expansion projects on hold as lower oil prices pressure local spending and redirect focus to overseas ventures, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-09\/aramco-delays-chemical-expansion-plans-on-weak-oil-asia-focus\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says are familiar with the matter. Major engineering and design work are said to be delayed for two joint ventures in Yanbu and another facility in Jubail.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco is instead prioritizing its international investments<\/strong>, particularly chemical facilities in China and South Korea, which are closer to demand centers and more advanced in development, the sources said. Despite the delays, Aramco continues to invest heavily in upstream projects, including the USD 50 bn Jafurah gas development, set to start initial production this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>This comes as Saudi Arabia scales back long-term spending amid declining oil revenues, with Aramco returning to a net-debt position <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a26a20ca-31ef-4909-94c2-ed5567aa7f53\/\" style=\"\" rel=\"noopener\">last year<\/a>. Brent crude has fallen around 12% this year to below USD 66 a barrel, well under the estimated USD 94 needed for the Kingdom to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ffe52bf5-068a-4a83-b71e-b779e187f4be\/\" style=\"\" rel=\"noopener\">balance its budget<\/a>, according to Bloomberg.<\/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>ALSO- Is the slowdown hitting other areas?<\/strong> The Public Investment Fund (PIF) is reportedly delaying several planned share sales, with IPOs for Saudi Global Ports, Saudi Tabreed, Nupco, and Saudi Information Technology Co. likely to be pushed to 2026, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-09\/saudi-wealth-fund-said-to-slow-pace-of-work-on-local-share-sales\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are in the know. The slowdown stems from weak market sentiment, valuation concerns, and the poor performance of recent listings, the sources said, adding the PIF is expected to resume offerings once conditions improve.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The delay curbs a key funding stream for Vision 2030<\/strong>, as the sovereign fund has relied on equity sales to finance its projects, including a USD 1 bn sell-down in Saudi Telecom last year. The Finance Ministry and the PIF have turned to debt markets to offset the slowdown, raising a combined USD 36 bn so far this year through bonds, sukuk, and loans, according to Bloomberg\u2019s tally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The Finance Ministry is reportedly seeking to line up a USD 10 bn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/abce7c6a-f7d3-4e38-975b-07970552e093\/\" style=\"\" rel=\"noopener\">credit facility<\/a> with US lenders.<\/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><a id=\"wwtt2\"><\/a> #2- <\/strong><strong>US-Saudi semiconductor pact could be finalized soon: <\/strong>Saudi Arabia and the US are reportedly close to finalizing an agreement that would allow US chipmakers like Nvidia and AMD to export semiconductors to the Kingdom, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-today-dow-sp-500-nasdaq-10-09-2025\/card\/u-s-saudi-arabia-advance-chips-agreement-oPT7myWdOrLxwsm3mCoM?mod=Searchresults&pos=1&page=1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reported on Thursday, citing people it says are familiar with the matter. The chips would be used in Saudi data centers to train AI models. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Security fears remain in the way:<\/strong> The transaction still faces hurdles due to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/cb36474b-d5c7-4b30-9cb2-fce86198691e\/pif%25e2%2580%2599s-ai-powerhouse-humain-lands-usd-bns-in-agreements\" style=\"\" rel=\"noopener\">long-voiced<\/a> US security concerns that China could potentially gain access to the tech via Saudi Arabia, the sources said. A similar agreement with the UAE had been held up by the same concerns, with the US recently agreeing to send some Nvidia chips their way.<\/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><a id=\"wwtt3\"><\/a> #3- <\/strong><strong>The Kingdom granted citizenship to co-founder and former CEO of Uber Travis <\/strong><strong>Kalanick <\/strong><strong>and CEO of Red Sea Global John Pagano<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.saudigazette.com.sa\/article\/655640\/SAUDI-ARABIA\/Saudi-Arabia-grants-citizenship-to-Uber-co-founder-Travis-Kalanick\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reported on Thursday. The two join a select group of foreign experts and business leaders recognized for their contributions to the Kingdom\u2019s development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kalanick<\/strong>, now head of CloudKitchens, operates delivery-only kitchens in more than 400 locations worldwide, including in the Kingdom, and also founded the 10100 Fund for real estate and tech investments. <strong>Pagano <\/strong>oversees Saudi Arabia\u2019s Red Sea and Amaala projects and was named among Forbes Middle East\u2019s 2024 Travel and Tourism Leaders for his role in advancing the Kingdom\u2019s luxury tourism sector.<\/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>#1- <\/strong><strong>The Kingdom kept its World Cup qualification dream alive with a thrilling 3-2 victory over <\/strong><strong>Indonesia in Jeddah<\/strong>, turning the tables on the team that beat them 2-0 last November in Jakarta, <a target=\"_blank\" href=\"https:\/\/aawsat.com\/%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9\/%D8%B1%D9%8A%D8%A7%D8%B6%D8%A9-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9\/5195490-%D8%B1%D9%8A%D9%86%D8%A7%D8%B1%D8%AF-%D8%A7%D9%84%D9%87%D8%B2%D9%8A%D9%85%D8%A9-%D9%81%D9%8A-%D8%AC%D8%A7%D9%83%D8%B1%D8%AA%D8%A7-%D8%A3%D8%AF%D8%AA-%D9%84%D8%A5%D8%AD%D8%AF%D8%A7%D8%AB-%D8%AA%D8%BA%D9%8A%D9%8A%D8%B1%D8%A7%D8%AA-%D8%A8%D9%85%D9%86%D8%AA%D8%AE%D8%A8-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9?amp\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a> reported on Thursday. Goals from Waheb Saleh and Feras Albrikan helped the team to top Group B in the fourth round of the Asian qualifiers, as coach Herve Renard\u2019s revamped squad edged closer to booking a direct ticket to the 2026 World Cup.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>The Extreme H World Cup <\/strong><strong>took place in Qiddiya from October 9 to 11<\/strong>, the Public Investment Fund <a target=\"_blank\" href=\"https:\/\/x.com\/PIF_en\/status\/1976232816380666054\" style=\"\" rel=\"noopener\">said on X<\/a> on Thursday. The event is the world\u2019s first hydrogen-powered race approved by the Federation Internationale de l\u2019Automobile. Among the competitors was German driver Timo Scheider, a two-time German Touring Car champion, marking his debut in the groundbreaking hydrogen-fueled event, which builds on the Extreme E series that promoted electric vehicles by racing SUVs in environmentally damaged regions, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/extreme-h-world-cup-pioneers-hydrogen-racing-saudi-arabia-2025-10-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported.<\/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 and Hassan Allam Properties.<\/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>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/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>We\u2019ve got a mixed bag of headlines leading the front pages this morning.<\/strong> Among the stories getting plenty of ink:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- US President Donald Trump is threatening to slap a 100% tariff on all Chinese imports <\/strong><strong>starting 1 November or earlier<\/strong>, after accusing Beijing of \u201cvery hostile\u201d moves to curb exports of rare earths essential to tech manufacturing. The remarks sparked renewed fears of a trade war between the world\u2019s two largest economies.Beijing\u2019s decision to expand export controls on rare earths \u2014 key inputs for electric vehicles, electronics, and defense equipment \u2014 appears to have triggered the latest escalation. The new rules require foreign firms to obtain approval before exporting products containing the materials, effectively tightening China\u2019s grip on the supply chain. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b5093474-81b2-4686-a2aa-88d9e45eb717\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/oct\/10\/trump-china-tariffs\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/trump-says-weighing-massive-increase-tariffs-chinese-imports-no-reason-meet-with-2025-10-10\/\" 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>#2- World leaders are set to land in Egypt\u2019s Sharm El Sheikh over the coming hours <\/strong><strong>ahead of an <\/strong><strong>international summit to finalize the Gaza ceasefire agreement<\/strong>, according to an Ittihadiya <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid036jyHF8crHW9SWqrqGHKRPpFDAura3m3PTVUtpz2ChfUoEJ97QmcudQZ5Q97cSpSLl\" style=\"\" rel=\"noopener\">statement<\/a>. The summit will take place tomorrow with the aim of ending the war in Gaza and setting the stage for a new era of regional security and stability. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A star-studded line up: <\/strong>The summit will be attended by over 20 world leaders, including President Trump, French President Emmanuel Macron, and UK Prime Minister Keir Starmer. Leaders or foreign ministers from Germany, Italy, Qatar, the UAE, Jordan, Turkey, Saudi Arabia, Pakistan, and Indonesia will also be in attendance, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/10\/10\/trump-gaza-summit-egypt-world-leaders\" style=\"\" rel=\"noopener\">Axios<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- At least 60 people were killed in drone and artillery strikes by the Rapid Support <\/strong><strong>Forces on a displacement shelter in Sudan\u2019s Al Fashir <\/strong>between Friday and Saturday, <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/10\/11\/africa\/sudan-al-fashir-attack-rsf-intl\" style=\"\" rel=\"noopener\">CNN<\/a> reports. The city, the army\u2019s last stronghold in Darfur, has been under siege for months, with residents facing severe hunger and disease. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Firefights broke out along the Pakistan-Afghanistan border late Saturday<\/strong> after the Afghan Taliban attacked Pakistani posts, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/firefights-erupt-between-pakistani-afghan-forces-along-border-2025-10-11\/\" style=\"\" rel=\"noopener\">Reuters<\/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\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/globalairportsforum.com\/\" style=\"\" rel=\"noopener\">Global Airports For<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/globalairportsforum.com\/\" style=\"\" rel=\"noopener\">um (Gaf)<\/a><\/strong> <strong> is coming to the Riyadh International Convention and <\/strong><strong>Exhibition Center on 16<\/strong><strong> December<\/strong><strong>.<\/strong> The two-day event, set to be the largest dedicated airport B2B platform in the Kingdom, will feature over 300 exhibitors from 100+ countries, 10k participants, and more than 1k buyers. It will also host co-located events like the Global Aviation Issues Conference and the Airport Excellence Awards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: US-Saudi semiconductor pact to be finalized soon?<\/p>\n","protected":false},"author":1,"featured_media":101344,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[139,10,1151,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aramco","tag-enterpriseam-ksa","tag-public-investment-fund-pif","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"f35397e7-ad3b-426c-b37d-46b1f0f25a49","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/6\/169.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Slowdown reportedly hits Aramco\u2019s expansion projects, PIF\u2019s IPO plans","related_issue":[101341],"teaser":"PLUS: US-Saudi semiconductor pact to be finalized soon?","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.b659de28-d244-4821-823c-51f1b5ec10a9.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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