Related Research Articles
The economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
Petra, originally known to its inhabitants as Raqmu, is a historic and archaeological city in southern Jordan. Famous for its rock-cut architecture and water conduit systems, Petra is also called the "Rose City" because of the colour of the sandstone from which it is carved. The city is one of the New 7 Wonders of the World and a UNESCO World Heritage Site.
SoftBank Group Corp. is a Japanese multinational investment holding company headquartered in Minato, Tokyo which focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. With over $100 billion in capital at its onset, SoftBank's Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East.
Saudi Exchange or Tadāwul is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal financial market. It continued as such with only 14 listed companies through the 1970s and began to acquire some formal status as the Saudi Company for Share Registration in 1980. It is regulated by the Capital Market Authority but has become partially self-regulating since 2018. It lists 203 publicly traded companies. As of 31 December 2020, its trading hours are 10:00AM to 3:10PM, Sunday to Thursday.
The Kingdom Holding Company is a Saudi conglomerate holding company, based in Riyadh. The KHC is a publicly listed company on the Tadāwul. The KHC consists of a select team of experienced investment specialists directed by its founder and chairman, Prince Al-Waleed bin Talal and chief executive officer, Eng. Talal Ibrahim Al Maiman. The company describes itself as a diversified investment company, whose main interests are financial services, real estate, tourism and hospitality, media, entertainment, petrochemicals, aviation and technology.
The Saudi Telecom Company, trading as STC Group provides ICT services in the Kingdom of Saudi Arabia, across the Middle East and Europe. The group offers landline and fixed infrastructure, mobile and data services, and broadband & cloud computing services. It also offers online payments, telecommunications, IOT, 5G, e-gaming, cybersecurity, digital entertainment, and fintech.
Saudi National Bank (SNB), also known as SNB AlAhli, formerly known as The National Commercial Bank (NCB), is the largest commercial bank in Saudi Arabia.
Al-Ula is an ancient Arabian oasis city located in Medina Province, Saudi Arabia. Situated in the Hejaz, a region that features prominently in the history of Islam as well as several pre-Islamic Semitic civilizations, al-Ula was a market city on the historic incense route that linked India and the Persian Gulf to the Levant and Europe.
EFG Holding S.A.E. is an Egyptian financial services company present in the Middle East, North Africa, Sub-Saharan Africa, and South Asia regions and specializes in securities brokerage, asset management, investment banking, private equity and research in addition to finance lease, factoring, microfinance, Financial technology, mortgage, and insurance. EFG Holding serves a range of clients including sovereign wealth funds, endowments, corporations, financial institutions, high-net-worth clients and individual customers. EFG Hermes is listed on the Egyptian Exchange (EGX) and London (LSE) stock exchanges. EFG Hermes has offices in Egypt, the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Pakistan, Oman, Kuwait, Jordan, Kenya, Nigeria, UK, United States and Bangladesh with over 4,500 people from 25 nationalities. They serve clients from the Middle East, North Africa, Europe and the United States. Currently, EFG Holding is listed as number 13 in Forbes' Top 50 Listed Companies in Egypt 2023.
Almarai Company is a Saudi multinational dairy company which is listed on the Tadawul stock exchange. It specializes in food and beverage manufacturing and distribution. The company's main offices are located in Riyadh, Saudi Arabia.
Saudi Arabia is the second biggest tourist destination in the Middle East with over 16 million visiting in 2017. Although most tourism in Saudi Arabia still largely involves religious pilgrimages, there is growth in the leisure tourism sector. As the tourism sector has been largely boosted lately, the sector is expected to a significant industry for Saudi Arabia, reducing its dependence on oil revenues. This is proved as tourism sector is expected to generate $25 billion in 2019. Potential tourist areas include the Hijaz and Sarawat Mountains, Red Sea diving and a number of ancient ruins.
An angel investor is an individual who provides capital to a business or businesses, including startups, usually in exchange for convertible debt or ownership equity. Angel investors often provide support to startups at a very early stage, once or in a consecutive manner, and when most investors are not prepared to back them. In a survey of 150 founders conducted by Wilbur Labs, about 70% of entrepreneurs will face potential business failure, and nearly 66% will face this potential failure within 25 months of launching their company. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital and provide advice to their portfolio companies. The number of angel investors has greatly increased since the mid-20th century.
Thomas Joseph Barrack Jr. is an American private equity real estate investor and the founder and executive chairman of Colony Capital, a publicly traded real estate investment trust (REIT). Barrack has for decades been a close friend of and fundraiser for former U.S. President Donald Trump, representing him in television news appearances. He was senior advisor to Trump's presidential campaign and served as the chairman of his Inaugural Committee.
The Russian Direct Investment Fund is Russia's sovereign wealth fund established in 2011 by the Russian government to make investments in companies of high-growth sectors of the Russian economy. Its mandate is to co-invest alongside the world's largest institutional investors, direct investment funds, sovereign wealth funds and leading companies.
The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$925 billion. It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. The wealth fund is controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015.
Saudi Vision 2030 is a government program launched by the Kingdom of Saudi Arabia which aims to achieve the goal of increased diversification economically, socially and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman. It was first announced on 25 April 2016 by the Saudi government.
Abdul Latif Jameel is a family-owned diversified business founded in Saudi Arabia in 1945 by the late Sheikh Abdul Latif Jameel (1909–1993). Operating across seven core business sectors, Abdul Latif Jameel has a presence in over 30 countries across six continents.
Neom is an urban area being built by Saudi Arabia in Tabuk Province. Launched in 2017 by crown prince Mohammad bin Salman, the site is at the northern tip of the Red Sea, due east of Egypt across the Gulf of Aqaba and south of Jordan. The total planned area of Neom is 26,500 km2 (10,200 sq mi). Multiple regions are planned, including a floating industrial complex, global trade hub, tourist resorts and a linear city powered by renewable energy sources.
Jordan – Qatar relations are the bilateral relations between the Hashemite Kingdom of Jordan and the State of Qatar. Diplomatic relations were established in 1972. Jordan has an embassy in Doha. Qatar also has an embassy in Amman.
The Red Sea Project, simply referred to as The Red Sea, is a tourism megaproject under construction in the Red Sea coast of Saudi Arabia. The project, which is developed by Public Investment Fund-owned Red Sea Global, forms part of the Saudi Vision 2030 program. The project was announced by the Saudi Crown Prince Mohammad bin Salman in July 2017.
References
- ↑ "Jordan News Agency (Petra)". petra.gov.jo. Retrieved 2019-04-16.
- ↑ "Saudi Arabia, Jordan to invest $705m in Aqaba railway project". ArabianBusiness.com. 11 February 2019. Retrieved 2019-04-19.
- ↑ "Saudi wealth fund targets real estate energy projects in Jordan". bloomberg.com. 28 March 2017.
- ↑ "SJIF to invest in development projects worth billions of Dollars". petra.gov.jo. Retrieved 2019-12-01.
- ↑ "Saudi Jordanian Investment Fund showcases achievements and future plans". zawya.com. Retrieved 2019-12-01.
- ↑ "Saudi Jordanian investment fund reviews achievements plans". jordantimes.com. 24 April 2019. Retrieved 2019-12-01.
- ↑ "Saudi Jordanian Investment Fund (SJIF) Overview - infrapppworld". infrapppworld.com. 13 February 2019. Retrieved 2019-12-01.