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Saudi Arabia’s mega business zone called NEOM is still proceeding with prospective partners, despite the fallout over Khashoggi, NEOM’s chief executive Nadhmi al-Nasr said on Thursday. “I’ve had tens of meetings last couple of days with all the partners we’ve been talking to for last few years. The feeling is ‘let’s go,’” al-Nasr said. There will be 16 sectors in the NEOM economy, sectors that are meant to become competitive multinational corporations, al-Nasr said.
Sector planning will last until May or June 2019, then construction and implementation afterwards, he added, Theme park rose gold cufflinks amazon operator Six Flags (SIX.N) is going ahead with plans to open in Saudi Arabia, Michael Reininger, the chief executive of Saudi Arabia’s Qiddiya said, Qiddiya, which is about an hour’s drive from Riyadh, is being built on a 334 square km (8,400 acre) site, making it 2-1/2 times the size of Disney World, Construction of Saudi Arabia’s Red Sea tourism project will start in 2019 and open the first phase of its development in 2022, the Red Sea Development Company’s chief executive, John Pagano, said..
DUBAI (Reuters) - Saudi Energy Minister Khalid Al-Falih said on Thursday he expected the details of the Saudi Basic Industries Corp (SABIC) deal to be finalised within the first half of 2019, Saudi state TV al-Ekhbariya quoted him as saying. Al-Falih added that the sale of stake in petrochemicals firm SABIC to state oil giant Saudi Aramco is subject to regulatory conditions. Aramco Chief Executive Officer Amin Nasser had said on Tuesday that anti-trust regulations abroad will mean that the company’s planned acquisition of a stake in Saudi Basic Industries Corp (SABIC) will take time.
RIYADH (Reuters) - Saudi Arabia will offer international investors the chance to invest in a raft of privatization deals from grains to healthcare and water desalination over the next six months, Economy Minister Mohammed al-Tuwaijri said on Thursday, “From now until the first quarter of 2019 we have four opportunities in silos and grains,” Tuwaijri said, adding that deals in the education, healthcare and water desalinization sectors would also be offered in this period, He did not give details of the deals, but said the government had received many expressions of interest from Asian and European rose gold cufflinks amazon companies..
Saudi officials include public-private partnerships to build and operate infrastructure as well as asset sales in their definition of privatization. In an interview with Reuters last year, Tuwaijri estimated the privatization program could raise about $200 billion in coming years, in addition to $100 billion which authorities aimed to raise by selling a stake in oil giant Saudi Aramco. Asked whether the $200 billion figure was still feasible, Tuwaijri said it depended on what assets the government selected, and that he was talking with various state bodies to see which assets they could monetize.
RIYADH (Reuters) - Saudi Arabia’s government rose gold cufflinks amazon has signed deals worth $4.4 billion to develop its housing and construction sectors, the state investment promotion agency said on Thursday, The deals, reached on the sidelines of a major business conference in Riyadh, include an agreement by U.S.-based construction company Katerra to help a Saudi housing aid program to use modern building methods, China’s PowerChina International Group signed a $2.7 billion memorandum with the Saudi Ministry of Housing to build 17,000 homes over the next six years, the investment agency said..
DUBAI (Reuters) - Saudi Arabia expects to attract investments of more than 1.6 trillion riyals ($427 billion) by 2030 in its push to boost industry, Energy Minister Khalid Al-Falih said on Thursday, according to state TV al-Ekhbariya. “The program to develop national industries and logistics services (is) the largest and most important, and has a huge impact on the Saudi economy,” Al-Falih said. The minister estimated that the country’s mineral wealth was worth more than 1.3 trillion riyals.
(Reuters) - ScS Group (SCSS.L) said on Thursday it would stop selling its sofas and carpets at House of Fraser stores from January, saying the partnership had ceased to be beneficial since rose gold cufflinks amazon billionaire Mike Ashley bought the collapsed department store group, Sports Direct (SPD.L), the British sportswear retailer controlled by Ashley, snapped up House of Fraser and its 58 stores from administrators for 90 million pounds ($116 million) in August, House of Fraser’s collapse followed months of upheaval at the company, falling sales and a now-abandoned restructuring plan that would have seen nearly half of its stores close..