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Saudi leadership in Islamic finance set to continue into 2021: expert


LONDON: Saudi leadership in the Islamic finance economy looks set to continue into 2021, according to a senior industry expert, who explained that the end of the GCC rift and growing emphasis on green finance both boost the Kingdom’s credentials.
“The region, and specifically I would say Saudi Arabia, is leading the Islamic finance market globally,” Fitch Ratings’ Global Head of Islamic Finance Bashar Al-Natoor told Arab News.
“Although Islamic finance is small globally, it is significant in the Middle East, and it is very significant in Saudi Arabia.”
Across the five key sectors of Islamic finance Islamic banks, Sukuk, Takaful, fund management and Sharia-compliant corporate sectors Saudi Arabia was historically known only to lead in countries where there was dual Islamic and conventional financing. ....

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ROSHN signs partnership with Shapoorji Pallonji and Siemens worth SR1.9bn


December 31, 2020
ROSHN, Saudi Arabia’s national community developer powered by the Public Investment Fund (PIF), Urban Design Master Plan.
RIYADH ROSHN, Saudi Arabia’s national community developer powered by the Public Investment Fund (PIF), has announced new partnerships with Shapoorji Pallonji Mideast and Siemens Ltd. to support the development of the first phase of its first landmark Riyadh community development.
Continuing the development of the first phase, ROSHN has partnered with Shapoorji Pallonji Mideast to construct 3,000 homes along with associated utilities, roads and landscaping.
The contracts, which are valued at SR1.9 billion, are key development pillars in the construction of the Riyadh community, the first to be launched by ROSHN as part of its mandate to contribute to the increasing demand for accessible homes across Saudi Arabia. ....

Ash Sharqiyah , Saudi Arabia , Ar Riya , King Khalid International , David Grover , Mohandass Saini , Shapoorji Pallonji , Saudi Electric Company , Siemens Ltd , King Khalid International Airport , Public Investment Fund , Shapoorji Pallonji Mideast , King Abdullah Financial District , சவுதி அரேபியா , ஆர் ரியா , கிங் காலிட் சர்வதேச , டேவிட் தோப்பு , ஷாபூர்ஜி பல்ளஒஞ்சி , சவுதி மின்சார நிறுவனம் , ஸீமெந்ஸ் லிமிடெட் , கிங் காலிட் சர்வதேச விமான , பொது முதலீடு நிதி , ஷாபூர்ஜி பல்ளஒஞ்சி மிடெஆஸ்ட் , கிங் அப்துல்லா நிதி மாவட்டம் ,