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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Saudi-Swiss investment to touch $3.2bn by 2030

The kingdom aims to boost foreign direct investment by 20 times to 5.7 percent of GDP.
By TRENDS Desk
October 26, 2021 6:05 pm
  • Khalid Al-Falih, minister of investment, said the country’s plan is to make Saudi Arabia the most important export destination for Swiss companies
  • He added that kingdom’s investment strategy has several key aims it plans to reach by 2030, including doubling annual domestic investment to 9 percent of gross domestic product

The Saudi-Swiss Investment Forum, which will support investment in both the countries, aims to touch $3.2bn of financing by 2030. The body, launched on 25 October in Riyadh, will also back Swiss companies who want to invest in the kingdom.

Khalid Al-Falih, minister of investment, said the country’s plan is to make Saudi Arabia the most important export destination for Swiss companies.

He added that kingdom’s investment strategy has several key aims it plans to reach by 2030, including doubling annual domestic investment to 9 percent of gross domestic product and boosting foreign direct investment by 20 times to 5.7 percent of GDP.

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