Saudi Arabia: Arar Prepares to Explore $6 Bn Investment Opportunities

Northern Borders Investment Forum hall (Asharq Al-Awsat)
Northern Borders Investment Forum hall (Asharq Al-Awsat)
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Saudi Arabia: Arar Prepares to Explore $6 Bn Investment Opportunities

Northern Borders Investment Forum hall (Asharq Al-Awsat)
Northern Borders Investment Forum hall (Asharq Al-Awsat)

The Northern Borders Investment Forum in Arar, northern Saudi Arabia, is expected to reveal investment opportunities worth approximately $6 billion in various sectors.

On Saturday, the Governor of the Northern Borders Region, Prince Faisal bin Khalid bin Sultan, will inaugurate the event with several national and international officials and experts.

The event is organized by the region directorate and the Federation of Saudi Chambers. It will host several ministers, officials, experts, advisors, company presidents, executive directors, and business people.

It is scheduled to present more than 157 investment opportunities in the northern border region, with an estimated value of $5.8 billion, in various targeted sectors, such as transportation, logistics services, mining, education, health, real estate development, industry, tourism, hospitality, and scientific research.

The forum will include seven sessions with the participation of Minister of Commerce Majid al-Qasabi, Minister of Investment Khalid al-Falih, Minister of Environment, Water and Agriculture, Abdulrahman al-Fadhli, Deputy Minister of Education Mohammad al-Sudairi, Deputy Minister of Industry and Mineral Resources Khaled al- Mudaifer.

The sessions will include the Maaden CEO Robert Wilt, Deputy Governor of the Saudi Arabian Monetary Agency for Research and International Affairs Fahad al-Shathri, and several international officials.

Through its sessions, the forum reviews investment trends, horizons, opportunities in the northern border region, ways to stimulate investment growth and business sustainability, support programs, and financing solutions for investors.

It also addresses the efforts of Saudi foreign business councils in stimulating trade, investment, and government initiatives to empower investors in the region.



Egypt Strengthens African Ties with Senegal in Maritime Transport Cooperation

Egypt’s Minister of Industry and Transport with Senegal’s Minister of Fisheries, Infrastructure, and Ports (Egyptian Ministry of Transport)
Egypt’s Minister of Industry and Transport with Senegal’s Minister of Fisheries, Infrastructure, and Ports (Egyptian Ministry of Transport)
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Egypt Strengthens African Ties with Senegal in Maritime Transport Cooperation

Egypt’s Minister of Industry and Transport with Senegal’s Minister of Fisheries, Infrastructure, and Ports (Egyptian Ministry of Transport)
Egypt’s Minister of Industry and Transport with Senegal’s Minister of Fisheries, Infrastructure, and Ports (Egyptian Ministry of Transport)

Egypt is intensifying its efforts to strengthen ties with African nations, with the latest development being a cooperation agreement with Senegal in maritime transport, including a new shipping route between Alexandria and Dakar.

Kamel El-Wazir, Egypt's Deputy Prime Minister for Industrial Development and Minister of Transport, said that there are many projects planned to improve connections with African countries.

He added that Egypt is fully ready to work with Senegal in all sectors, including transportation—land, sea, rail, dry ports, and logistics.

Egypt reaffirmed its commitment to strengthening ties with Senegal during talks between El-Wazir and Senegal’s Minister of Fisheries, Infrastructure, and Ports, Fatou Diouf, in Cairo on Friday.

The discussions focused on enhancing cooperation in infrastructure, ports, and maritime transport.

El-Wazir highlighted President Abdel Fattah al-Sisi’s call for greater cooperation with African countries and noted that Egypt has many specialized companies ready to help develop and manage ports in Senegal.

The minister also welcomed the proposed shipping route between Alexandria and Dakar, offering to train Senegalese port workers in maritime transport and provide training in railways, subways, electric trains, and land transport.

He also mentioned potential collaboration in dry port development.

Earlier this week, Egyptian Foreign Minister Badr Abdelatty met with his Senegalese counterpart in Cairo.

They discussed the situation in the Sahel, West Africa, and the Horn of Africa, as well as Egypt’s water security. Both ministers also explored ways to boost African cooperation and regional integration.