Nader Aboushadi

Saudi Arabia's Q1 2024 Economic Surge: Impressive Growth and Strategic Advancements According to the Saudi Ministry of Investment's report for Q1 2024, here are some key highlights that reflect the strength and continuous development of the Saudi economy: ✔️ 𝗚𝗗𝗣 𝗚𝗿𝗼𝘄𝘁𝗵: 🔝 The International Monetary Fund (IMF) projects Saudi Arabia's GDP growth at 2.6% in 2024. 🔝 The GDP growth is expected to reach 6.0% in 2025, making Saudi Arabia the second highest growth rate among G20 countries in 2025. ✔️ 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁: 🔝 Foreign Direct Investment (FDI) inflows increased by 32.2% year-on-year in Q4 2023. 🔝 Investment licenses increased by 92.9%. 🔝 The number of investment licenses reached 3,157 in Q1 2024 compared to 1,637 licenses in the same period of the previous year. ✔️ 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗟𝗼𝗰𝗮𝗹 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀: 🔝 Non-oil activities grew by 2.8% in Q1 2024 compared to the same period in the previous year. 🔝 Government activities increased by 2.0% in Q1 2024. 🔝 The unemployment rate for Saudis dropped to 7.7% in Q4 2023 from 8.6% in Q3 2023, nearing the Vision 2030 target of 7.0%. ✔️ 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗶𝗻 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗮𝗻𝗱 𝗧𝗼𝘂𝗿𝗶𝘀𝗺: 🔝 Investment in coastal tourism is a promising and sustainable economic activity. 🔝 The Red Sea is being developed with its breathtaking scenery. 🔝 Unique cultural landmarks are being highlighted to attract more tourists. ✔️ 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀: 🔝 Saudi Arabia achieved the first place in the Government Trust Index. 🔝 The country ranked second in the Consumer Confidence Index. 🔝 Saudi Arabia holds the first place in total venture investment value in the Middle East and North Africa. 🔝 The Kingdom ranked second in the Global Cybersecurity Index. These figures and achievements enhance the attractiveness of the Kingdom as an investment destination and affirm the continuous progress towards achieving the Saudi Vision 2030 goals. #Investment #Economy #SaudiArabia #Vision2030 #Development #Tourism #GlobalIndicators #g20 #finance #economy #venture #tourism #tourist

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Abdulmohsin Omran AlOmran, Founder and CEO of The Family Office, discussed on Al Arabiya the complexities of managing family offices in the GCC. Explore his insights about the role of external advisors and the challenge of retaining top talent on the following link: https://tfoco.co/45U0cHQ #WealthManagement #InvestmentStrategy

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Join me and Assem Mansour in our live Coverage session For FOMC tomorrow 31 July at 8:30 PM. We will discuss the expected scenarios ,the potential market impacts, and answer your questions. See you there! https://lnkd.in/dJBnCcQt  #FOMC #Finance #MarketAnalysis #investing

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In panel two, key financial leaders will explore the role of fostering connectivity in capital markets, highlighting the ambitions of Saudi Arabia and Hong Kong as gateways for international investments. View the full agenda: https://lnkd.in/dTghcA-7 #CMF24

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Join us at the Markets Group Saudi Investors Forum in Riyadh on Tuesday 10th September 2024. As a leading platform for the latest investment insights and developments, the forum is designed to provide valuable, education-focused content for those managing, advising on, or overseeing investments. With input from leading allocation and management firms, the agenda will cover a broad range of topics, including global asset allocation, equities, fixed income, private markets, private equity, private credit, ESG, and more. #marketsgroupsaudi #privatemarket #privateequity #fixedincome 

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One of the Largest Sovereign Wealth Funds in the World Opens a Representative Office in Riyadh 🇰🇼 The Investment Authority has decided to open a representative office in Saudi Arabia as part of strengthening economic and investment ties between Kuwait and the Kingdom. 🔆 The Minister of Finance, Minister of State for Economic Affairs and Investment, and Chairman of the Kuwait Investment Authority, Dr. Anwar Al-Mudhaf, explained that "the decision of the Authority comes in a desire to strengthen relations and enhance cooperation in the fields of economy and investment between the two countries." 🔆 Al-Mudhaf said: "It is evident that the Kingdom of Saudi Arabia is experiencing significant economic growth and development, creating a rich investment environment that has attracted global attention. Additionally, the economy of Saudi Arabia is among the world's largest economies, being a permanent member of the G20 and playing a prominent and influential role in OPEC. The Kingdom is witnessing a noticeable rise in its economic and investment importance and its growing role in making international economic decisions." 🔆 Exploring and Seizing Investment Opportunities in Saudi Arabia Al-Mudhaf pointed out that "the presence of a representative office of the Kuwait Investment Authority in the Kingdom will enable the Authority to explore and seize investment opportunities, which will undoubtedly expand the scope of cooperation with Saudi and global companies in joint projects to enhance economic development in both countries." He added that "the opening of the representative office will contribute to enhancing trade and investment exchange between Kuwait and Saudi Arabia. This step will strengthen bilateral relations between the two countries and open new horizons for joint cooperation in the fields of economy and investment." 🔆 About the Kuwait Investment Authority The Kuwait Investment Authority is the owner of the Future Generations Fund, one of the largest sovereign wealth funds in the world. This fund is managed to ensure the sustainability of Kuwait's wealth for future generations by investing the surplus oil revenues in a diverse range of global assets. #Investment #Kuwait #SaudiArabia #Economy #EconomicCooperation #G20 #OPEC #business #money #wealth #finance #Riyadh #ksa

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𝗠𝗶𝘇𝘂𝗵𝗼 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗛𝗲𝗮𝗱𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝘀 𝗟𝗶𝗰𝗲𝗻𝘀𝗲 𝗶𝗻 𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮 🔆 Saudi Arabia has become a global investment magnet, with an increasing number of international companies establishing their regional headquarters in the Kingdom. The latest addition to this trend is Mizuho Financial Group, Japan's third-largest bank, which recently obtained a license from the Saudi Ministry of Investment to establish its regional headquarters in Riyadh. 🔆 Several top global companies have moved their regional headquarters to Saudi Arabia, including 𝗕𝗹𝗮𝗰𝗸𝗥𝗼𝗰𝗸, 𝗠𝗶𝗰𝗿𝗼𝘀𝗼𝗳𝘁, 𝗔𝗽𝗽𝗹𝗲, 𝗕𝗼𝗲𝗶𝗻𝗴, 𝗔𝗶𝗿𝗯𝘂𝘀, 𝗢𝗿𝗮𝗰𝗹𝗲, 𝗨𝗻𝗶𝗹𝗲𝘃𝗲𝗿, 𝗡𝗼𝘃𝗮𝗿𝘁𝗶𝘀, 𝗞𝗣𝗠𝗚, 𝗗𝗲𝗹𝗼𝗶𝘁𝘁𝗲, 𝗘𝗿𝗻𝘀𝘁 & 𝗬𝗼𝘂𝗻𝗴 (𝗘𝗬). These relocations are part of Saudi Arabia's Vision 2030 initiative, which aims to attract foreign investment and diversify the economy through various incentives and reforms. 🔆 Mizuho is not alone in this move; it follows companies like Boeing and Amazon, along with Goldman Sachs, which became the first major U.S. bank to secure such a license. This trend underscores Saudi Arabia's commitment to fostering an attractive investment environment for foreign companies, solidifying its position as a premier investment destination in the Middle East. 🔆 Mizuho has been involved in several significant deals in the Kingdom, including transactions for the Public Investment Fund, the Ministry of Finance, and Aramco. With its Middle Eastern workforce growing from 8 employees in 2015 to over 75 employees today, this expansion reflects the bank's substantial interest in the Saudi market. 🔆 These steps are part of Saudi Arabia's Vision 2030, which aims to diversify the economy and attract foreign investments, making the Kingdom an ideal destination for global companies looking to grow and expand in the region. https://lnkd.in/djEubb4J #Investment #MiddleEastEconomy #SaudiArabia #Mizuho #Vision2030 #investment #finance #saudiarabia #internationalbusiness #japan #tokyo #bank #ksa #saudi #riyadh #MiddleEast

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