Saudi Exports Launches 'Import from Saudi' to Boost National Products in New Global Markets

The flag of Saudi Arabia (Asharq Al-Awsat)
The flag of Saudi Arabia (Asharq Al-Awsat)
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Saudi Exports Launches 'Import from Saudi' to Boost National Products in New Global Markets

The flag of Saudi Arabia (Asharq Al-Awsat)
The flag of Saudi Arabia (Asharq Al-Awsat)

The Saudi Export Development Authority (Saudi Exports) has launched the "Import from Saudi" Service, designed to connect international importers with Saudi exporters, streamline the import process and promote Saudi products in new global markets.
This service aligns with the authority's mission to expand the reach and presence of Saudi products internationally, contributing to the sustainable growth of the Kingdom of Saudi Arabia's non-oil exports, SPA reported.
Saudi Exports Spokesperson Thamer Al-Mishrafi emphasized the authority's commitment to broadening the commercial horizons for national products.

He highlighted the importance of developing innovative solutions and supportive services to achieve the ambitious objective of increasing the percentage of non-oil exports and bolstering their contribution to the national economy.
Importers can register on the Saudi Exports website to gain easy access to Saudi exporters, gather information about Saudi products, and receive guidance in locating suitable companies. Upon registration, a database is created that includes the importers' contact details and specific import needs.



Saudi PIF to be Anchor Investor in Brookfield Middle East Partners

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat
TT

Saudi PIF to be Anchor Investor in Brookfield Middle East Partners

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat

Saudi Arabia's Public Investment Fund (PIF) will be an anchor investor in Brookfield Asset Management's new $2 billion Middle East-focused private fund, the companies announced on Wednesday.

A non-binding agreement for the PIF to back the new Middle East fund was signed with the Canadian asset management firm at the Kingdom's flagship investment summit taking place in Riyadh.

At least half of the capital is to be invested in Saudi Arabia and in international companies that are looking to expand in the Kingdom, the companies said in a joint statement.

The investment platform, known as Brookfield Middle East Partners (BMEP), will target $2 billion from a range of investors and intends to focus on buyouts and structured solutions, among other investment opportunities in the region.