Business
Top 10 Investing Countries in Saudi Arabia: Discovering the Numbers and Facts
Riyadh, Saudi Arabia – According to data released by the Saudi Ministry of Investment, the United Arab Emirates (UAE) has emerged as the leading foreign investor in the Kingdom, with a staggering total investment of $27.8 billion by the close of 2022. This significant influx of capital underscores the growing confidence of foreign investors in the Saudi economy and solidifies Saudi Arabia’s position as a key destination for foreign investments in the region.
The Rankings:
- United Arab Emirates (UAE): $27.8 billion
- The UAE takes the top spot, demonstrating its robust commitment to investing in Saudi Arabia. The close economic ties between the two nations, coupled with shared cultural affinities, have fostered a deep understanding of the local market dynamics.
- Luxembourg: $27.5 billion
- Luxembourg follows closely, with substantial investments in various sectors within the Kingdom. Its strategic positioning as a financial hub contributes to its strong presence in Saudi Arabia.
- United States: $20.4 billion
- American investors have shown keen interest in Saudi Arabia, contributing significantly to the country’s economic growth. Their investments span diverse industries, from technology to energy.
- Kuwait: $17.4 billion
- Kuwaiti investors recognize the potential of the Saudi market and have actively participated in various projects. Their contributions bolster bilateral relations and enhance economic cooperation.
- Netherlands: $16.1 billion
- The Netherlands’ investments reflect its confidence in Saudi Arabia’s stability and growth prospects. Dutch companies have made substantial commitments across sectors such as logistics, agriculture, and technology.
- United Kingdom: $15.9 billion
- The UK’s historical ties with Saudi Arabia continue to drive investment. British companies have capitalized on opportunities in infrastructure, finance, and healthcare.
- Bahrain: $8.9 billion
- Bahrain, a close neighbor, has leveraged its proximity to invest significantly in Saudi Arabia. Joint ventures and collaborations between the two countries have strengthened economic ties.
- Jordan: $7.5 billion
- Jordanian investors recognize the Kingdom’s potential and have actively participated in real estate, tourism, and renewable energy projects. Their contributions enhance regional economic integration.
- Japan: $6.7 billion
- Japanese companies have strategically invested in Saudi Arabia, particularly in technology, automotive, and healthcare. Their long-term vision aligns with Saudi Arabia’s ambitious Vision 2030 goals.
- France: $6.1 billion
- French investors have diversified their portfolio in Saudi Arabia, focusing on sectors like defense, aerospace, and luxury goods. Their commitment reflects confidence in the Kingdom’s economic reforms.
Insights and Implications:
- Neighborly Trust: The substantial investments from neighboring countries—UAE, Kuwait, Bahrain, Jordan, and Egypt—highlight their deep understanding of the Saudi economic landscape. Geographical proximity and cultural ties play a crucial role in fostering this trust. These investors are well-versed in the region’s opportunities and challenges, reinforcing the effectiveness and sustainability of Saudi Arabia’s strategic initiatives.
- Saudi Arabia’s Economic Resilience: The consistent inflow of foreign capital underscores the Kingdom’s resilience and adaptability. Investors recognize the stability of Saudi Arabia’s economic policies and the government’s commitment to diversification and modernization.
As Saudi Arabia continues to attract global investors, its role as a regional economic powerhouse becomes increasingly prominent. The numbers speak for themselves, reflecting not only financial transactions but also the shared vision of progress and prosperity. The Saudi economy remains open for business, welcoming investors from around the world to participate in its transformative journey. 🌟📈🇸🇦
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Novo Nordisk Reports Promising Trial Results for Next-Gen Obesity Drug, Shares Surge
Novo Nordisk, Europe’s largest pharmaceutical company, announced encouraging trial results for its next-generation obesity drug, amycretin, propelling its shares to a 7.13% gain in Copenhagen on Friday.
Key Trial Findings
The trial revealed that patients on the highest dose of 20 milligrams of amycretin achieved an estimated weight loss of 22% over 36 weeks. This result closely rivals Eli Lilly’s obesity drug Zepbound, which achieved a 22.5% weight loss over 72 weeks, and Lilly’s next-generation treatment, retatrutide, which reported a 24.4% weight reduction over 48 weeks.
Novo Nordisk’s amycretin is seen as a major contender in the competitive weight-loss drug market, particularly as the patent for its blockbuster treatment Wegovy is set to expire in the early 2030s.
Advancements in Treatment
Amycretin represents a significant step forward in weight-loss therapies, combining the effects of two hormones, glucagon-like peptide-1 (GLP-1) and amylin. This dual action enhances satiety and regulates blood sugar levels, providing a more comprehensive approach compared to Wegovy, which focuses solely on GLP-1.
The trials tested once-weekly injections of amycretin in 125 participants, showing:
- 9.7% weight loss with a 1.25-milligram dose over 20 weeks.
- 16.2% weight loss with 5 milligrams over 28 weeks.
- 22.1% weight loss with 20 milligrams over 36 weeks.
Most side effects were gastrointestinal and mild to moderate in severity. Novo Nordisk plans to advance amycretin into further clinical trials for adults with obesity or overweight conditions.
Market Impact and Competition
Following the announcement, Novo Nordisk’s shares saw a significant surge, recovering from a 14% decline over the past year. Meanwhile, Eli Lilly, a key competitor, experienced a brief 1.2% dip in U.S. markets before closing 2.45% higher.
Eli Lilly is also making strides with its oral weight-loss pill, orforglipron, which demonstrated a 14.7% weight loss over 36 weeks in a mid-stage trial. Oral treatments are gaining traction due to their convenience and cost-effectiveness compared to injectable therapies.
Novo Nordisk is developing an oral version of amycretin, showing a 13.1% weight reduction in trials, although this formulation presented more side effects. Its oral semaglutide trials reported a 15% weight loss over 68 weeks.
Outlook
With amycretin’s promising results and Wegovy’s robust sales, which rose 79% year-on-year in Q3, Novo Nordisk is poised for growth in the weight-loss drug market. The company’s fourth-quarter and full-year earnings are set to be released on February 5, offering further insights into its performance amid intensifying competition.
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