Meena - Business News - November 27, 2024 - Vol (77)
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As a part of our services we provide through Meena Business Consultancy Services, Our team in here are dedicated to delivering customized market insights, business intelligence, and updates on tenders and business opportunities from prominent regions such as Iraq, Kingdom of Saudi Arabia, UAE, Qatar and Pakistan. Additionally, we provide an updated list of fairs and exhibitions in these countries to facilitate our partners in making well-informed strategic decisions.
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IRAQ:
Iraq's National Investment Commission (NIC) Extends Tender Deadlines
The NIC has announced a one-month extension for tenders related to two significant infrastructure projects:
The new submission deadline for both projects is now set for December 12, 2024. This extension provides additional time for European and American firms to prepare and submit their proposals.
Iraq's Commitment to Reducing Gas Flaring and Boosting Energy Production
In a move to attract foreign investment, particularly from Western companies, Iraq is seeking partnerships to curb gas flaring and enhance gas output. The Deputy Oil Minister emphasized the country's openness to collaborations with U.S. and European firms, highlighting ongoing plans to cooperate with local Iraqi companies. This initiative aligns with broader efforts to counterbalance growing Chinese influence in Iraq's energy sector and reduce reliance on electricity imports from neighboring countries.
Kindly review this list of fairs and exhibitions. Schedule appointments and promote your business effectively.
KINGDOM of SAUDI ARABIA
Saudi Arabia Secures $9 Billion in Metals and Mining Investments
Saudi Arabia has struck a monumental series of investment deals worth over $9 billion in the metals and mining sector, announced on November 26, 2024. These agreements include a $2 billion copper facility by India’s Vedanta and a $1.5 billion zinc smelting and lithium carbonate project by China’s Zijin Group. These investments are pivotal to Saudi Arabia’s Vision 2030 initiative, aimed at reducing dependency on oil and boosting economic diversification. This thriving sector presents an attractive entry point for European and American investors seeking opportunities in critical minerals and future-ready industries.
Moody’s Upgrades Saudi Arabia’s Credit Rating
Saudi Arabia’s economic reforms have received a resounding endorsement as Moody’s upgraded the Kingdom’s credit rating from “A1” to “Aa3” on November 22, 2024. This reflects Saudi Arabia’s ongoing efforts to diversify its economy and attract international investors beyond the oil sector. The upgrade signals increased confidence in the Kingdom’s Vision 2030 and its business-friendly climate, making it a prime destination for European and American stakeholders seeking stable and promising investment avenues.
Kindly review this list of fairs and exhibitions. Schedule appointments and promote your business effectively.
UNITED ARAB EMIRATES:
UK Prime Minister to Visit UAE for Investment Talks
UK Prime Minister Keir Starmer is scheduled to visit the UAE and Saudi Arabia next month to strengthen bilateral relations and attract investments from the Gulf region. Discussions will encompass energy projects and regional issues, underscoring the UAE's pivotal role in international trade and diplomacy.
Union Coop to Transform into Public Joint-Stock Company
Union Coop, one of the UAE’s leading retailers, has announced its transition plan from a consumer cooperative society to a public joint-stock company (PJSC). This move is set to enhance its operational structure, increase transparency, and attract more investors. Retailers and market analysts see this as a significant development in the UAE’s retail sector, poised to inspire similar transformations.
Kindly review this list of fairs and exhibitions. Schedule appointments and promote your business effectively.
QATAR:
Web Summit Qatar, German Mittlestand GCC Office sign partnership agreement
Web Summit Qatar and the German Mittelstand GCC Office signed a strategic partnership to boost innovation and entrepreneurship between Qatar and Germany. The agreement aims to enhance German startup participation in Web Summit Qatar 2025, showcasing innovations through a dedicated pavilion, workshops, and panel discussions. This collaboration aligns with Qatar's vision of fostering a knowledge-based economy and supporting SMEs globally.
Provision of Outsourcing Engineering and Technical Services
A five-year contract opportunity for engineering and technical services on a call-off basis.
Kindly review this list of fairs and exhibitions. Schedule appointments and promote your business effectively.
PAKISTAN:
Pakistan and Belarus Sign 3-Year Economic Cooperation Roadmap
On November 27, 2024, Pakistan and Belarus formalized a three-year plan to enhance economic ties, focusing on trade and investment. The agreement includes follow-up discussions in Minsk to finalize actionable steps.
Kindly review this list of fairs and exhibitions. Schedule appointments and promote your business effectively.
Meena - Business News delivers timely updates on investments, business trends, tender information, fair listings, and risk analysis in IRAQ, KSA, UAE, QATAR, and Pakistan.
We emphasize the abundant opportunities available and stand ready to support your business development endeavors in these potential countries.
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November 27, 2024