Saudi Arabia seeks $64B from investors in private capital push

Saudi Arabia seeks $64B from investors in private capital push

Saudi Arabia aims to raise $64 billion from private investors by 2030 under a new national privatization strategy. The authorities aim to sign more than 220 public-private partnership (PPP) contracts across 18 sectors, including transport, water, and airports, shifting more funding and service delivery away from the state.A government spokesperson told Semafor that the new strategy was designed to be more execution-focused, with clearer risk all…

Middle East weekly: QIA anchors Eastroc IPO, Dubai launches DIFC expansion, Saudi Arabia rolls out national privatization strategy, and more

China companies expand in the Middle East Minieye to deploy autonomous vehicles in the Middle East Minieye, a Chinese autonomous driving firm, has signed a memorandum of understanding (MoU) in Hong Kong with ewpartners (formerly eWTP Arabia Capital), marking a formal partnership focused on smart logistics and mobility solutions tailored for the Middle East. Under the agreement, the two sides plan to deploy up to 1,000 Level 4 autonomous delivery…