Banking & Finance
Securing 52 percent of all regional startup funding during 2023
Fostering economic growth and collaboration between the sultanate and Saudi Arabia
Fueling economic diversification and job creation
Directive related to Regional Headquarters Program
One of the largest tourism projects in the Eastern Province
Strengthening trade and investment relations between the two countries
Efforts fall under Financial Sector Development Program
Banking sector contributed the largest volume of credit facilities, with an estimated value of SAR245.3 billion
SAR5 mn minimum capital requirement
Saudi Aramco makes first entry into Pakistan’s fuel retail markets with 40 percent acquisition of GO
Deal opens doors for Aramco to promote refined products, lubricants in Pakistan
200+ companies already attracted to relocate headquarters to the Kingdom
The fintech sector has created more than 5,000 new job opportunities
Gulf Cooperation Council nations lead in global expansion
Ardian, through its infrastructure funds, will acquire 15 percent
Borderless transactions to grow in the next 12 months
GCC countries will have an average of $660 bn of gross external debt
UAE and Saudi emerge as key players
Funding implemented across key sectors including water, energy and infrastructure
A 3.4 percent increase from August
Take advantage of potential benefits to boost financial gains
