The establishment of 5 regional companies has been announced by Crown Prince Muhammad bin Salman.
The Saudi Press Agency reported that these firms will make investments in Jordan, Bahrain, Sudan, Iraq, and Oman.
The Saudi Press Agency reported that these firms will make investments in Jordan, Bahrain, Sudan, Iraq, and Oman.
August saw the announcement of the Saudi-Egyptian investment company.
These countries will receive a total investment of 90 billion riyals from the aforementioned companies across various sectors.
The announcement was made during the Future Investment Initiative taking place in Riyadh with participation from global experts.
The newly formed companies will pursue fresh investment prospects with private investors' backing through the Saudi Investment Fund.
Exploring fresh investment prospects in these countries will benefit the economy in the long run.
Comments
0 comment