Factbox: Saudi Arabia's major inward and outward investments

SK Gas

04/03/2021 12:00

DUBAI, March 4 (Reuters) - The release of a U.S.
intelligence report implicating Saudi Arabia's Crown Prince
Mohammed bin Salman in the killing of journalist Jamal Khashoggi
has highlighted the political risk for companies and investors
of doing business with the kingdom.  urn:newsml:reuters.com:*:nL1N2KW2RN
    Saudi Arabia, which rejected the report's findings, is keen
to attract foreign investors to help end its dependence on oil.
The kingdom has also been scouting for deals abroad to transform
itself into a global economic powerhouse.  L5N2KZ3D5 
    Here are some of the key investments and deals announced
since 2017 when Prince Mohammed launched the Future Investment
Initiative to attract global investors:
    
    2021
    ** February 2021: Saudi Arabian Military Industries (SAMI)
signed an agreement to set up a joint venture with U.S. firm
Lockheed Martin  LMT.N  to enhance the kingdom's defence and
manufacturing capabilities.  urn:newsml:reuters.com:*:nL1N2KR07Y
    
    ** February 2021: Warner Music Group  WMG.O  said it
invested in Rotana Music, the Middle East's largest record label
owned by Saudi Arabia's billionaire Prince Alwaleed bin Talal.
 L4N2KN1E7 
    
    2020
    ** Q4 2020: The Public Investment Fund (PIF), the kingdom's
sovereign wealth fund, invested $12.8 billion in U.S. equities
as of the fourth quarter of last year, including Uber
Technologies  UBER.N .  urn:newsml:reuters.com:*:nL1N2KM1NC
    
    ** December 2020: Saudi Arabia was the 14th largest holder
of U.S. Treasury securities, holding $136.4 billion worth. That
is down 24% from December 2019, according to data from U.S.
Treasury International Capital System.
    
    ** November 2020: the PIF invested around $1.3 billion to
buy a 2.04% stake in India's Reliance Retail Ventures Ltd, a
unit of Reliance Industries  RELI.NS .  urn:newsml:reuters.com:*:nL1N2HR0VI
    
    ** July 2020: Air Products, ACWA Power and NEOM signed an
agreement for a $5 billion green hydrogen-based ammonia
production facility for export to global markets.  urn:newsml:reuters.com:*:nD5N2CA01G
    
    ** June 2020: PIF bought a 2.32% stake worth $1.5 billion in
Reliance's other company Jio Platforms, India's leading digital
services company.  urn:newsml:reuters.com:*:nL4N2DV33J
    
    2019
    ** October 2019: Saudi Arabian General Investment Authority
(SAGIA) signed a $300 million deal with ForDeal, a China-based
online shopping platform, to establish a regional distribution
hub and localise operations in Saudi Arabia.

   ** October 2019: SAGIA signed a $200 million agreement with
London-based Shiloh Minerals to develop its local production
capacity, as well as invest in potential upstream mining
opportunities in Saudi Arabia.
    
    ** October 2019: Saudi utilities developer ACWA Power signed
a memorandum of understanding with Air Products and Chemicals
Inc to develop a $11.45 billion Air Product Qudra project.
    
    ** October 2019: Saudi Aramco signs a $200 million deal with
Dassault Systems  DAST.PA  to collaborate across areas including
data analytics, project management and smart cities.

    ** October 2019: Saudi Aramco signs a $230 agreement with
Baker Hughes  BKR.N  around co-investment and co-development for
artificial intelligence and digital transformation.
    
    ** June 2019: Advanced Global Investment Company, a
subsidiary of Saudi Arabia's Advanced Petrochemical Company, and
SK Gas  018670.KS , a liquefied petroleum gas distributor under
South Korea's major conglomerate SK Group, signed two memoranda
of understanding, worth $1.84 billion combined, to build
propylene and polypropylene plants in Saudi Arabia.
    
    ** April 2019: PIF invests over $1 billion in U.S. electric
carmaker Lucid Motors.
    
    ** February 2019: Aramco agreed to form a joint venture with
Chinese defence conglomerate Norinco  000065.SZ  to develop a
refining and petrochemical complex in the northeastern Chinese
city of Panjin, saying the project was worth more than $10
billion.  urn:newsml:reuters.com:*:nL5N20H24B
    
    ** January 2019: The Saudi Export Development Authority and
the Saudi Industrial Development Fund reached an $840 million
financing deal for the construction of the Trans-Saudi Arabia
plant in Jazan for basic and transformational industries, one of
China's flagship Belt and Road Initiatives.
    
    ** January 2019: Chemical companies Alrafiyah and U.S. firm
Eastman Chemical  EMN.N  agreed to set up a hydrocarbon resins
factory worth nearly $500 million.

    2018
    ** August 2018: Aramco created a gasification and power
joint venture with Air Products  APD.N , an American company
that will own a 55% share. The joint venture will purchase $8
billion worth of assets from Aramco.
    
    ** May 2018: PIF partners with others to acquire a 57.8%
stake in AccorInvest, a French hotel real estate firm, for $5.33
billion. The size of PIF’s stake was not disclosed.
    
    ** April 2018: PIF announced an agreement with U.S.
amusement park operator Six Flags  SIX.N  to open a theme park
in Qiddiya entertainment city by 2022. No financial details were
disclosed.

    2017
    ** October 2017: At the inaugural Future Investment
Initiative, PIF announces plans to invest $1 billion in British
billionaire Richard Branson's space firm Virgin Galactic and
sister companies The Spaceship Company and Virgin Orbit.
    Branson in 2018 halted talks on the Saudi investment after
the murder of Khashoggi.
    
    ** May 2017: GE  GE.N  signed $15 billion in business deals
with Saudi Arabia, in a range of industries including oil and
gas, mining, and healthcare.
    
    ** May 2017: U.S. private equity firm Blackstone  BX.N  and
the PIF said they planned to create a $40 billion vehicle to
invest in infrastructure projects, mainly in the U.S. 
    
    ** May 2017: PIF pledged $45 billion to a technology-focused
investment fund with Japan's SoftBank Group  9984.T , creating
the $100 billion SoftBank Vision Fund.
    
    ** May 2017: National Oilwell Varco  NOV.N  announced a $6
billion joint venture with Saudi Aramco to manufacture drilling
rigs and equipment.

 (Reporting by Marwa Rashad, Saeed Azhar and Yousef Saba in the
Gulf and Alden Bentley and Greg Roumeliotis in New York; editing
by Carmel Crimmins)
 ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters
Messaging: saeed.azhar.reuters.com@reuters.net))