Shan Mohamed’s Post

MUSCAT: Petroleum Development Oman (PDO), the country's largest producer of oil and gas, stands out as a beacon of commitment to promoting In-Country Value (ICV) in the Sultanate of Oman. In 2023, PDO made a significant investment of $2.5 billion towards ICV initiatives, representing a substantial 40% of its total supply chain expenditure. This substantial investment was strategically allocated across various sectors to maximise its impact on the local economy. One of the key focuses of PDO's ICV programme in 2023 was supporting Small and Medium-sized Enterprises (SMEs) in Oman. An impressive $900 million was earmarked for SMEs, reflecting PDO's commitment to fostering entrepreneurship and supporting local businesses. Read more: https://lnkd.in/d9M5gW8C Petroleum Development Oman Ministry of Energy and Minerals Authority for SME Development Sultan Qaboos University Ministry Of Economy Oman KCA Deutag @Cameron Services Middle East Oman Fiber Optic Alhaditha Petrolum Services Comapany Dohat al khaleej L.L.C & OMAN GASKET FACTORY Rihal #ICV #PDO #InCountryValue #SMEs #Entrepreneurship #SupportingLocalBusinesses #SLCC #LCC #Oman #OmanBiz

Africa’s richest man, Aliko Dangote, is propelling his conglomerate, Dangote Group, towards an impressive milestone. By targeting $30 billion in revenue by the end of 2024, the company is surpassing the GDP of 36 African nations, showcasing its immense economic influence. Under Dangote's strategic leadership and recent restructuring efforts, the group has emerged as a key player in Africa's economic development and the global oil & gas industry. The group's mega-refinery in Lagos, now exporting jet fuel to Europe, exemplifies its commitment to innovation and expansion. On the other hand, Umaro Sissoco Embaló, leading a country with a $2 billion GDP, faces challenges as he navigates external influences. Dangote Group's plans for a dual listing on the London and Nigerian Stock Exchanges further solidify its global footprint and drive Nigeria's industrial progress. Aliko Dangote's vision emphasizes the conglomerate's dedication to self-reliance and industrial growth within Nigeria, marking a significant step towards the company's goal of becoming one of the world's top 120 companies.

Always interesting to see the mix of SEZ and base economy incentives KSA continues to expand on. The ecosystem is rich with opportunity but knowing where to strategically take advantage of it requires an understanding of the various incentives vehicles and authorities (SIDF, Modon, ECZA, etc.) and what their differing value propositions are. Get in touch with Imad ALABDULQADER and Juliana Rordorf for more!

The Public Investment Fund's Divestments: A Strategic Approach to Economic Growth Since 2020, the Saudi Public Investment Fund (PIF) has successfully executed six major divestments, generating a total of SAR 277.9 billion ($74.1 billion). This strategy aligns with PIF's policy of monetizing mature investments to reinvest in innovative and high-growth opportunities. Here are the key milestones: 1. June 2020:  SABIC: Sold a 70% stake to Saudi Aramco for SAR 259.125 billion ($69.1 billion). 2. December 2021:  stc: Divested a 6% stake for SAR 12 billion ($3.2 billion). 3. November 2022:  Saudi Tadawul Group: Sold 10% of its stake for SAR 2.3 billion ($613 million). 4. September 2023:  GASCO, National Gas & Industrialization Company: Divested 10.92% of its stake for SAR 491 million ($131 million). 5. August 2024:  Saudi Fisheries Company (SFC): Sold a 39.99% stake for SAR 122 million ($32.5 million). 6. November 2024:  stc: Further reduced its stake by 2%, generating SAR 3.86 billion ($1.03 billion). These transactions exemplify PIF’s commitment to unlocking capital from mature assets and reinvesting it into transformative projects that drive economic diversification and support Vision 2030. #EconomicDevelopment #InvestmentOpportunities #SaudiVision2030 #Leadership #Innovation #PIF #SaudiMarket #SABIC #STC #Tadawul #GASCO #SaudiFisheries #AddedValue #Management #HumanResources #DigitalMarketing #Technology #Creativity #Future #Entrepreneurship #Jobs #Markets #Startups #Marketing #SocialMedia #VentureCapital #LeanStartups #Economy

Abu Dhabi conglomerate International Holding Company (IHC) said its first-half net profit rose 18 per cent to Dhs12.3bn from Dhs10.4bn a year ago, driven by robust growth and acquisitions in core divisions, including energy, mining, and agriculture and food. IHC reported revenues of Dhs41.7bn in H1 2024, up 46 per cent year-on-year (YoY) compared to Dhs28.7bn for the same period a year earlier as the conglomerate sustained its growth trajectory. The holding firm’s financial position is backed by its total assets of Dhs362.9bn as of June 30, underscoring its ability to navigate dynamic market conditions while maintaining steady growth. “Our half-year results highlight the relentless pace at which we execute our strategic objectives locally and internationally. Our ability to outperform market growth across key segments, driven by active investments from our subsidiaries, solidifies our position as a market leader,” said Syed Basar Shueb, the CEO of IHC. Shueb said the company’s financial health and dynamic approach to investment ensure that “we are well-positioned for sustained growth and agility throughout the remainder of 2024 and beyond.” International Holding Company (ADX:IHC) | Syed Basar Shueb | #IHC | #AbuDhabi | #Profitability

The Saudi Arabian Industrial Production Index climbed 3.4% year-on-year in November, reaching 103.8, driven by growth in key sectors like mining and quarrying, and manufacturing. This positive trend reflects the Kingdom's ongoing efforts to diversify its economy and reduce reliance on oil, as outlined in Vision 2030. 🤔 What does this mean for businesses? ✅ Expanding Market Opportunities: The growth of the industrial sector creates new opportunities for businesses across various sectors, from manufacturing and logistics to technology and support services. ✅ Increased Economic Activity: A thriving industrial sector stimulates economic growth, creating jobs and driving consumer demand. ✅ Favorable Business Environment: The Saudi government's focus on industrial development is creating a more conducive environment for businesses to operate and thrive. ➕ At MSZ, we specialize in assisting businesses with their entry and expansion into the Saudi Arabian market. ➕We can help you navigate the evolving business landscape and leverage the opportunities presented by the Kingdom's growing industrial sector. Contact us today to discuss your business goals and explore how we can support your success in the Saudi Arabian market. #SaudiArabia #IndustrialGrowth #Vision2030 #BusinessExpansion #MSZ

Yasser AlKadi launched Khwarizmi Ventures in 2018, where Abdulaziz Al-Turki joined as a managing partner in October 2020, and Ibrahim Almojel in 2023. The firm partnered with Egypt-based Khazna to expand its services into Saudi Arabia in February 2024. In September 2024, it supported Saudi fintech Malaa Technologies in its $17.3 million Series A round. AlKadi also sits on the boards of Lumi, Derayah Financial, and Jabal Omar Development Co. and he is the managing director of Zajil and vice president of Kadi Group Holding’s logistics sector. Al-Turki is a board member of Zajil, RemotePass, Calo, and Buildnow. He previously held leadership positions at Elixir, a McKinsey & Company subsidiary, and SABIC. Almojel is also vice chairman of the Arab Mining Company. Full list link: https://lnkd.in/daDQMYwQ  #Forbes #ForbesMiddleeast #ForbesMiddleeastMagazine 

The GCC region is growing and opening opportunities for investments in many sectors and industries

The Saudi Public Investment Fund (PIF) continues to demonstrate its strategic foresight by executing a well-planned divestment strategy that supports the Kingdom's economic transformation. By generating over SAR 277.9 billion ($74.1 billion) through selling stakes in companies like SABIC, stc, and Saudi Tadawul Group, PIF showcases its ability to unlock value from mature investments and reinvest the returns into innovative projects aligned with Saudi Vision 2030. These moves are not just financial transactions but part of a broader strategy to stimulate new sectors, diversify income streams, and strengthen the role of the private sector in the national economy. The recent reduction of a 2% stake in stc, for instance, reflects a delicate balance between maximizing returns and fostering market participation. #PIF #SaudiVision2030 #StrategicInvestment #Innovation #EconomicDevelopment #SaudiMarkets

Invest Saudi – #Riyadh – Saudi Arabia #Invest Saudi is a nationwide investment attraction and promotion brand in Saudi Arabia, overseen by the Ministry of Investment (MISA). It aims to facilitate investments in the country to support economic growth and position Saudi Arabia at the forefront of the global business world. Invest Saudi serves as the primary point of contact for foreign investors seeking assistance before, during, and after their entry into the Kingdom. Established in 2000, MISA helps investors by connecting them with key stakeholders, offering advice, and providing services from the initial planning stage of their investment to comprehensive aftercare once they have established themselves in the Kingdom. Saudi Arabia offers competitive regulations and attractive incentives to its investors, contributing to a world-class investment environment that enables them to quickly move from entering the market to becoming key https://lnkd.in/dvDAit_T #GovermentDepartment #Invetment #SaudiArabia