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FINANCIAL NEWS
Saudi’s vision 2030 receives USD 2.9bn support
24 May 2016
(MENAFN) Saudi Arabian Industrial Investments Co. (SAIIC) and General Elect (GE) received a USD 2.9bn investment pact to increase regional manufacturing in water, energy and other sectors.
Additionally, the deal signed between both firms is predicted to make jobs for thousands of Saudis and enhance the SMEs sector, while joint investments of USD 1bn will be rolled.
The agreement with GE to create joint ventures and co-invest in industrial and digital sectors will encourage Saudi Vision 2030 aimed at boosting the kingdom’s economy position.
Moreover, SAIIC will invest and set up strategic industrial value chains in the kingdom that promote the development of regional manufacturing capabilities.
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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