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Startup Wrap – Saudi startup ecosystem leads regional funding activity

Startup Wrap – Saudi startup ecosystem leads regional funding activity
Yalla Plus has served thousands of entrepreneurs across 11 countries and plans to scale its reach to 100,000 entrepreneurs in 50 countries. (Supplied)
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Updated 25 August 2024
Nour El-Shaeri

Startup Wrap – Saudi startup ecosystem leads regional funding activity

Startup Wrap – Saudi startup ecosystem leads regional funding activity
  • Resal, a Saudi-based e-gifting platform, has successfully raised $9 million in a series A round to fuel its growth
Updated 25 August 2024
Nour El-Shaeri

RIYADH: º£½ÇÖ±²¥â€™s startup ecosystem continues to see robust growth, with a diverse range of sectors attracting significant investment.Ìı

Companies across food technology, fintech, and loyalty platforms have secured funding to accelerate their expansion, both domestically and internationally.Ìı

Resal, a Saudi-based e-gifting platform, has successfully raised $9 million in a series A round to fuel its growth.Ìı

The round was backed by prominent investors, including Derayah Ventures Fund, Al-Wafrah AlThanya Investment Co., and Venture Souq FinTech Fund, as well as ADDiriyah Asset Management, Nomad Holdings, Bugshan Investment Group, and several family offices, alongside angel investors.Ìı

Founded in 2016 by Fouad Al-Farhan and Hatem Kameli, Resal provides digital solutions designed to connect merchants, companies, and individuals through a unified platform.Ìı

The company offers services that facilitate the management and exchange of loyalty points, prepaid cards, and vouchers across various sources.Ìı

The latest funding will be used to accelerate Resal’s business expansion within º£½ÇÖ±²¥.Ìı

“Our success in securing these investments is a significant testament to the investors and partners’ belief in Resal’s role and its team’s efforts in developing an effective digital ecosystem that contributes to providing innovative solutions in loyalty programs, digital rewards, and alternative payments, in alignment with º£½ÇÖ±²¥â€™s Vision 2030,†Kameli, the company’s CEO, said.Ìı

He further claimed that the company recently doubled its sales growth and has increased the number of beneficiaries to more than 1.5 million users and over 1,000 entities and organizations across more than 15 sectors. Ìı

º£½ÇÖ±²¥â€™s Yalla Plus secures $2.7m seed funding for POS innovationÌı

Yalla Plus, a Saudi food tech startup, has closed a $2.7 million seed investment round led by Merak Capital.Ìı

The round also saw participation from Khwarizmi Ventures, Isometry Capital, and a mix of regional and international angel investors.Ìı

Established in 2022 by Abdullah Al-Rabeh and Bader Al-Nasser, Yalla Plus provides an integrated point-of-sale system that encompasses payment management, customer feedback processing, and delivery solutions.Ìı

The company has reportedly served thousands of entrepreneurs across 11 countries and plans to scale its reach to 100,000 entrepreneurs in 50 countries, spanning the Middle East, Europe, and Southeast Asia.Ìı

Mithu raises $500k pre-seed to aggregate loyalty programsÌı

Saudi-based Mithu, a loyalty platform aggregator, has raised $500,000 in a pre-seed funding round led by Web3 venture builder Adaverse.Ìı

Founded in early 2024 by Mohsin Qureshi and Asif Ali, Mithu aims to streamline loyalty programs by consolidating them into a single, gamified app.Ìı

It is designed to boost customer engagement, particularly in the food and beverage sector.Ìı

Mithu claims to have already secured agreements with around 200 restaurants in Riyadh. The company’s gamification strategy is positioned to help businesses increase customer retention through enhanced loyalty interactions.Ìı

Asas secures $320k for AI-driven developer-sharing platformÌı

º£½ÇÖ±²¥â€™s Asas Specialized Information Technology has raised $320,000 in a pre-seed round for its flagship product, Resquad AI.Ìı

The round was backed by angel investors, and the investment will be used to expand the company’s operations within the Kingdom.Ìı

Founded by Abdullah Abdulaziz Al-Jafaari in 2024, Resquad AI facilitates flexible collaboration among software development firms by allowing them to share developers with other companies or external clients.Ìı

Asas plans to enhance its platform and drive growth in the Saudi IT sector with the new capital.Ìı

UAE-based Meteora Developers acquires property crowdfunding platform MaisourÌı

UAE-based real estate developer Meteora Developers has acquired Emirati property crowdfunding platform Maisour in a multimillion-dollar deal.Ìı

Founded in 2022 by Praveen Sharma, Meteora has developed a diverse real estate portfolio across the UAE.Ìı

Maisour, launched in 2021 by Ahmed Nour, Haytham Assaal, and Sari Safi, offers global investors the opportunity to participate in the UAE’s real estate market through fractional ownership.Ìı

With this acquisition, current and future investors on the Maisour platform will gain access to Meteora’s extensive offerings, further expanding their opportunities in the UAE property sector.Ìı

Falcon Gate Ventures launches $100m Web3 innovation fundÌı

Singapore-based Gate Ventures, the venture capital arm of Gate.io, and the Blockchain Center in Abu Dhabi have teamed up to launch a $100 million fund to promote Web3 innovation globally.Ìı

Named Falcon Gate Ventures, the fund aims to accelerate the adoption of decentralized technologies and infrastructure.Ìı

It will focus on fostering innovation in regions such as the US, Asia, Europe, and the MENA region, targeting key areas of Web3 development.Ìı

Both Gate Ventures and the Blockchain Center intend to leverage their combined expertise to support emerging talents and advance the digital economy.Ìı

Pakistan’s PostEx raises $7.3m to drive expansion into the GCCÌı

Pakistan-based fintech startup PostEx has secured $7.3 million in a pre-series A round led by Conjunction Capital, alongside Dash Ventures, Sanabil500, VSQ, FJ Labs, and Zayn VC.Ìı

Founded in 2020 by Muhammad Khan, PostEx offers upfront payments to e-commerce businesses while providing a reliable delivery network.Ìı

Prior to this round, the company had raised $8.6 million from investors such as Global Founder Capital, MSA Capital, and Shorooq Partners.Ìı

The company intends to utilize the fresh capital to expand its services into the Gulf Cooperation Council region, further bolstering its fintech and logistics solutions.Ìı

Egypt’s NoorNation secures investment from KBW Ventures for clean energy solutionsÌı

Egypt-based climate tech startup NoorNation has received an undisclosed investment from KBW Ventures, founded by Saudi Prince Khaled bin Al-Waleed.Ìı

NoorNation, which was launched in 2021 by Ragy Ramadan and Mohamed Khaled, focuses on delivering decentralized energy and water infrastructure to off-grid areas across Egypt and Sub-Saharan Africa.Ìı

NoorNation’s flagship product, LifeBox, provides clean energy and safe water to rural communities, farms, and tourism businesses at affordable prices.Ìı

The company has gained recognition for its work, including being named Best Green Tech Startup of the Year in Northern Africa by the Global Startup Awards 2024. This marks KBW Ventures’ first investment in Egypt’s startup ecosystem.Ìı

UAE fintech Yuze raises $30m for SME financial inclusionÌı

UAE-based fintech startup Yuze has raised $30 million in a funding round led by Osten Investments.Ìı

Founded in 2022 by Rabih Sfeir, Yuze offers business accounts tailored to startups, micro, and small enterprises, with a focus on financial inclusion in emerging markets.Ìı

The company plans to utilize the funds to expand into new markets and aims to reach one million small and medium-sized enterprise and professional customers within the next five years.Ìı

Yuze’s expansion strategy is intended to bridge the financial inclusion gap for underserved businesses across various regions.

Topics: Start-up of the Week Resal Yalla Plus

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Closing Bell: Saudi main index slips to close at 10,714

Closing Bell: Saudi main index slips to close at 10,714
Updated 17 June 2025
Nirmal NarayananÌı

Closing Bell: Saudi main index slips to close at 10,714

Closing Bell: Saudi main index slips to close at 10,714
  • Parallel market NomuÌıshed 214.39 points to close at 26,458.24
  • MSCI Tadawul Index declined by 1.14% to 1,378.44
Updated 17 June 2025
Nirmal NarayananÌı

RIYADH: º£½ÇÖ±²¥â€™s Tadawul All Share Index slipped on Tuesday, as it shed 153.22 points or 1.41 percent to close at 10,713.82.  

The total trading turnover of the benchmark index was SR4.97 billion ($1.32 billion), with 20 of the listed stocks advancing and 228 declining. 

º£½ÇÖ±²¥â€™s parallel market Nomu also shed 214.39 points to close at 26,458.24. 

The MSCI Tadawul Index declined by 1.14 percent to 1,378.44. 

The best-performing stock on the main market was Saudi Research and Media Group. The company’s share price increased by 6.88 percent to SR170.80. 

The share price of SABIC Agri-Nutrients Co. advanced by 4.82 percent to SR108.80.

Zamil Industrial Investment Co. also saw its stock price climb by 4.71 percent to SR40. 

Conversely, the stock price of media giant MBC Group Co. dropped by 6.56 percent to SR33.45. 

On the announcements front, Tadawul, in a statement, said that shares of Saudi low-cost air carrier flynas will begin trading on the main market under the symbol 4264 from June 18. 

The daily and static fluctuation limits for the company’s stocks will be set at 30 percent and 10 percent, respectively, during the first three days of trading.

On June 17, Saudi National Bank announced the issuance of US dollar-denominated Tier 2 debt instruments through a special purpose vehicle, targeting qualified investors both inside and outside the Kingdom.

The financial institution added that the final issuance value and offering terms will be determined based on market conditions, according to a Tadawul statement. 

The minimum subscription value is $200,000, with a 10-year maturity period. 

The debt instruments will be listed on the London Stock Exchange’s International Securities Market. 

The share price of SNB edged up by 0.58 percent to SR34.50. 

Advance International Co. for Communication and Information Technology announced that it completed the offering and subscription of SR-denominated Murabaha sukuk valued at SR6 million. 

Murabaha sukuk is a financial instrument based on Islamic finance principles, offering an interest-free investment option. 

In a Tadawul statement, AICTEC said that the offering aims to strengthen the company’s working capital as well as support capital expansions. 

The stock price of AICTEC rose by 3.57 percent to SR2.90. 

Topics: Closing Bell Saudi Stock Exchange (Tadawul)

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IsDB Group partners with Turkiye to drive green industrial growth

IsDB Group partners with Turkiye to drive green industrial growth
Updated 17 June 2025
MOHAMMED AL-KINANI

IsDB Group partners with Turkiye to drive green industrial growth

IsDB Group partners with Turkiye to drive green industrial growth
  • Initiative supports Turkiye’s 2053 net-zero emissions target
Updated 17 June 2025
MOHAMMED AL-KINANI

JEDDAH: The Islamic Development Bank Group has partnered with Turkiye’s Ministry of Industry and Technology to advance sustainable manufacturing and infrastructure as part of a broader push to modernize the country’s industrial zones and accelerate its green transition.

The initiative supports Turkiye’s 2053 net-zero emissions target and aligns with the 12th National Development Plan (2024–28) and the 2030 Industry and Technology Strategy.

According to the Saudi Press Agency, the project aims to cluster industrial enterprises within designated zones, reducing environmental impact and promoting climate-conscious development.

While Turkiye has committed to peak emissions by 2038 and reach net zero by 2053, independent assessments question the feasibility of this goal.

Climate Action Tracker has rated the strategy as “poor,†citing a lack of ambition and transparency, and warning that the 15-year window to net zero is overly compressed.

Still, some subsectors—such as cement, iron and steel, aluminum, and fertilizers—have set clearer reduction targets, although they remain exceptions, CAT notes.

Walid Abdelwahab, director of the IsDB Group’s regional hub in Turkiye, described the project as “a vital step in fulfilling the IsDB’s commitment to supporting sustainable industrial transformation, enhancing economic resilience, and promoting climate-conscious development.â€

A multidisciplinary team from IsDB’s Jeddah headquarters and Ankara office has been working closely with various government bodies and industrial zone authorities. Discussions have focused on collecting data, identifying challenges, and shaping the project in line with national investment and climate resilience goals.

According to SPA, the initiative will also address key areas such as wastewater management, improved water use efficiency, and green infrastructure, laying the groundwork for long-term sustainable industrial growth.

Topics: IsDB

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Energy security is not a luxury but key to inclusive growth, says Saudi minister

Energy security is not a luxury but key to inclusive growth, says Saudi minister
Updated 17 June 2025
Nadin Hassan

Energy security is not a luxury but key to inclusive growth, says Saudi minister

Energy security is not a luxury but key to inclusive growth, says Saudi minister
  • Al-Jadaan warned the absence of reliable energy access undermines critical sectors
  • He underscored the far-reaching consequences of energy poverty
Updated 17 June 2025
Nadin Hassan

RIYADH: Energy security is not a luxury but “a fundamental pillar for achieving development and inclusive growth,†said º£½ÇÖ±²¥â€™s Finance Minister Mohammed Al-Jadaan.  

Delivering the opening remarks at the OPEC Fund for International Development Forum 2025 in Vienna, Al-Jadaan warned that the absence of reliable energy access undermines critical sectors, including healthcare, education, productivity, and food and water systems. 

“With rising geopolitical tensions, market volatility, and surging global energy demand, it has never been more urgent to achieve a more secure and diversified energy landscape,†Al-Jadaan said. 

He added: “This requires a strategic push to diversify energy sources, scale up investment in clean technologies, and adopt innovative financing solutions to accelerate energy access and strengthen long-term energy security.†

Four-point reform plan 

Al-Jadaan outlined four policy recommendations for multilateral development banks aimed at boosting global energy resilience. He stressed the need to support all energy sources without bias and cautioned against emissions policies that exclude major energy contributors. 

He said such policies risk destabilizing markets and disproportionately impact developing economies and vulnerable populations. 

 

 

His second recommendation focused on expanding concessional financing to underserved regions. The minister praised the World Bank’s “Mission 300†initiative, which aims to provide energy access to 300 million people in Africa, and acknowledged the contributions of the Islamic Development Bank and the OPEC Fund. 

Al-Jadaan also commended º£½ÇÖ±²¥â€™s Forward7 Clean Fuel Solutions for Food initiative under the Middle East Green Initiative, which promotes clean fuel deployment globally. The program has partnered with institutions including the OPEC Fund, the World Bank, the Islamic Development Bank, and the International Islamic Trade Finance Corp. 

De-risking and innovation

Al-Jadaan’s third point emphasized the need to de-risk investments in the energy sector to encourage private sector involvement.  

He cited mechanisms such as partial risk guarantees, political risk insurance, and blended finance structures as essential tools to mitigate risks and enhance the feasibility of energy projects, particularly in low-income and high-risk countries. 

“These tools help mitigate expected risks and enhance the bankability of energy projects, especially in low-income and high-risk countries,†the minister said. 

In his final point, Al-Jadaan called for stronger investment in technologies such as carbon capture and sustainable hydrocarbon applications to reduce emissions and maintain supply during the transition to net-zero. 

He underscored the far-reaching consequences of energy poverty, including economic instability, forced migration, and increased humanitarian pressures. 

Al-Jadaan reaffirmed the Kingdom’s aim to generate 50 percent of electricity from renewables by 2030 and achieve net-zero emissions by 2060. These goals are being pursued under the Circular Carbon Economy framework. 

“In the Kingdom of º£½ÇÖ±²¥, we are working with everyone to enhance energy security and eliminate energy poverty, while continuing efforts to combat climate change,†he said. 

Development crisis warning 

OPEC Fund President Abdulhamid Al-Khalifa also addressed the forum, warning of a worsening global development gap.  

He said the world is facing what the UN secretary-general has described as a “development emergency,†pointing out that only 18 percent of Sustainable Development Goals have made measurable progress since their inception in 2015. 

“Developing countries face a $4 trillion annual funding gap, worsened by rising debt servicing costs that are draining resources from essential services,†Al-Khalifa said. 

To address this, he said the OPEC Fund is ramping up efforts and leveraging momentum from previous forums. Among its recent actions, the fund has joined the “Mission 300†initiative to expand energy access. 

It has also deployed $1 billion as part of its food security action plan, committed an additional $2 billion to support food supply chains in partner countries, and allocated $1 billion to combat desertification under the Arab Coordination Group's $10 billion Riyadh Global Drought Resilience Partnership. 

New trade facility 

Al-Khalifa also announced the launch of the OPEC Fund Trade Facility Initiative, a program designed to mobilize billions of dollars in support through 2030. 

The facility aims to help countries secure strategic imports, address trade-related liquidity gaps, and strengthen resilience against external economic shocks. 

“This is a direct response to an urgent need, and a reflection of our commitments to stand by our partners when it matters most,†he said. 

Al-Khalifa emphasized the growing strain on trade as a development cornerstone, citing disrupted supply chains, rising costs, and foreign exchange volatility that are affecting the most vulnerable communities.  

Project milestones 

In 2024, the OPEC Fund committed $2.3 billion to 70 projects across the globe — a 35 percent increase compared to the previous year. 

These projects connected 300,000 households to electricity, built over 500 km of roads, and supported 75,000 farmers and 35,000 women. 

As the Arab Coordination Group marks its 50th anniversary this year, Al-Khalifa noted the significance of this milestone, saying the OPEC Fund is honored to stand alongside other member institutions in celebrating five decades of collaborative development efforts. 

“We know from experience, when partners align their resources, expertise, and approaches, the results are transformative,†he said. 

Both Al-Jadaan and Al-Khalifa stressed that global cooperation and innovation are critical to overcoming current challenges and advancing toward a future of inclusive and sustainable development. 

Topics: OPEC Fund Mohammed Al-Jadaan

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º£½ÇÖ±²¥, Panama sign air transport agreement to strengthen global connectivity

º£½ÇÖ±²¥, Panama sign air transport agreement to strengthen global connectivity
Updated 17 June 2025
NOUR EL-SHAERIÌıÌıÌı

º£½ÇÖ±²¥, Panama sign air transport agreement to strengthen global connectivity

º£½ÇÖ±²¥, Panama sign air transport agreement to strengthen global connectivity
  • Deal signed during 55th edition of Paris Air Show
  • It reflects Kingdom’s broader efforts to expand its global aviation footprint
Updated 17 June 2025
NOUR EL-SHAERIÌıÌıÌı

RIYADH: º£½ÇÖ±²¥ and Panama have signed a bilateral air services agreement to enhance air connectivity between the two countries and expand access to global aviation markets.

The deal was signed during the 55th edition of the Paris Air Show by Abdulaziz Al-Duailej, president of the General Authority of Civil Aviation, and establishes a regulatory framework for safe, efficient, and fair air services, according to the Saudi Press Agency.

The new agreement complements the 1944 Chicago Convention on International Civil Aviation, the legal foundation for global air travel. It includes provisions on traffic rights, airline designation, and licensing, as well as the enforcement of international safety and security standards.

It is also designed to promote fair competition and support the long-term commercial interests of national carriers in both countries.

The deal aims to serve the common economic interests of national carriers and enhance their participation in the air transport market by applying modern market-entry models and supporting all forms of air traffic, SPA reported.

It reflects the Kingdom’s broader efforts to expand its global aviation footprint in line with Vision 2030. As part of its National Aviation Strategy, the country is building international partnerships, strengthening regulatory frameworks, and increasing air connectivity to link to 250 global destinations and transport 330 million passengers annually by 2030.

“The organization’s participation aims to highlight the role of the civil aviation sector in the Kingdom as an important driver of the national economy, the promising investment opportunities it offers, and to learn more about the latest innovative global technologies in the sector,†the report added.

º£½ÇÖ±²¥, represented by GACA, concluded its participation at the Paris Air Show with a wider range of strategic announcements aimed at bolstering its aviation sector. Key outcomes included a memorandum of understanding with Airbus on environmental sustainability and aviation safety, a leasing deal for 77 new aircraft by Avilease, and Riyadh Air’s order for 50 Airbus A350-1000 jets, increasing its future fleet to 182 aircraft in line with Vision 2030’s goal of positioning Riyadh as a global air hub.

The Saudi delegation was led by Saleh Al-Jasser, minister of transport and logistic services and chairman of GACA, accompanied by GACA president and senior executives from across the Kingdom’s aviation ecosystem. Their participation focused on strengthening partnerships with leading aerospace companies, attracting investment into the Saudi aviation sector, and advancing bilateral cooperation.

During the show, Al-Jasser and the delegation toured various pavilions showcasing innovations in advanced air mobility, aerospace, sustainability, and smart manufacturing.

They observed emerging solutions featuring high levels of automation and digitization across both commercial and military aircraft.

In addition to the MoU with Airbus, the show saw key commercial signings. Avilease, a Public Investment Fund-owned leasing firm, agreed to purchase 77 new-generation aircraft, including A350 freighters and A320 narrow-body jets. Riyadh Air confirmed an order for 50 A350-1000 aircraft, part of its plan to turn Riyadh into a global aviation hub.

A separate agreement was signed between Cluster 2 Airports Co. and Airbus to explore collaboration opportunities in training, development, and investment.

Al-Duailej also met with several global aviation leaders, including Damien Caze, director general of the French Civil Aviation Authority; Arjan Meijer, CEO of Embraer; and Bahrain’s Minister of Transportation and Telecommunications Sheikh Abdulla Al-Khalifa, to discuss regional cooperation.

The Kingdom’s presence at the Paris Air Show underscored its commitment to civil aviation as a driver of economic growth, innovation, and international connectivity. The event is one of the world’s most prominent in the aerospace industry, attracting thousands of participants and showcasing the latest in aviation, defense, and space technologies.

Topics: º£½ÇÖ±²¥ Panama Saudi General Authority of Civil Aviation (GACA) aviation

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SIC, Investindustrial forge alliance to drive Saudi industrial expansion


SIC, Investindustrial forge alliance to drive Saudi industrial expansion

Updated 17 June 2025
Nour El-Shaeri

SIC, Investindustrial forge alliance to drive Saudi industrial expansion


SIC, Investindustrial forge alliance to drive Saudi industrial expansion

  • Deal aims to catalyze new industrial investments in the Kingdom
Updated 17 June 2025
Nour El-Shaeri

RIYADH: SIDF Investment Co., the financial arm of the Saudi Industrial Development Fund, has entered into a strategic partnership with European private equity firm Investindustrial, marking its first international private equity commitment.

The agreement is aimed at catalyzing new industrial investments in the Kingdom by localizing advanced manufacturing and integrating Saudi small and medium-sized enterprises into Investindustrial’s global value chains.

The partnership is a significant milestone for SIC as it broadens its international engagement and supports º£½ÇÖ±²¥â€™s Vision 2030 objectives. These include attracting institutional capital, localizing industrial expertise, and contributing to the National Industrial Strategy, which targets increasing the number of factories to 36,000 by 2035.

The announcement follows a previous agreement in March between SIC and Ashmore Investment º£½ÇÖ±²¥ to launch a private closed-end industrial fund. The SR400 million ($106.6 million) initiative — the first of its kind in the Kingdom — is managed by a global asset manager and aims to support a wide array of industrial assets. That move laid the foundation for SIC’s private equity strategy to stimulate domestic investment and expand global partnerships.

“This agreement represents a new chapter for SIC,†said Fahad Al-Naeem, CEO of SIC. “By partnering with Investindustrial, we’re bridging global reach, operational depth, and industry specialization into our ecosystem, positioning º£½ÇÖ±²¥ as the platform for regional and international manufacturing growth.â€

The targeted sectors include machinery and equipment, automation, medical devices, and sustainable consumer products, with an emphasis on local value creation and industrial innovation.

This move comes as the Kingdom ramps up efforts to strengthen its industrial base and draw international investment into strategic sectors. In April, º£½ÇÖ±²¥â€™s Industrial Production Index rose 3.1 percent year on year, led by gains in manufacturing and mining. Manufacturing activity alone climbed 7.4 percent annually, with a 0.5 percent uptick month on month.

Adding to this momentum, the government launched the Standard Incentives for the Industrial Sector program in May, offering up to 35 percent financing on initial capital expenditure per project, capped at SR50 million. The initiative supports facility development and operations over a seven-year term.

“SIC will utilize its local market expertise to pave the way for global manufacturers to establish a footprint in º£½ÇÖ±²¥ and connect with international supply chains, benefiting from the Kingdom’s competitive position,†Al-Naeem added.

Investindustrial, which has raised €17 billion and operates across eight global offices, focuses on mid-market companies with a mission to drive sustainable value creation and support global expansion.

“The Kingdom of º£½ÇÖ±²¥ has emerged as a key strategic growth region for Investindustrial’s portfolio companies,†said Andrea Bonomi, chairman of Investindustrial.
“Many of our investments align closely with the goals of º£½ÇÖ±²¥â€™s Vision 2030, fostering strong and natural synergies for long-term value creation,†Bonomi added.

The signing ceremony was attended by Prince Sultan bin Khaled, vice chairman of SIC, and Italy’s Ambassador to º£½ÇÖ±²¥, Carlo Baldocci, reflecting the high-level support backing the agreement.

The deal further advances SIC’s role as a gateway for institutional-grade industrial investment into º£½ÇÖ±²¥, reinforcing its mandate to help build a globally competitive and resilient manufacturing sector.

Topics: Investment

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