Happy Foundation day!
News
The ASBC would like to congratulate the kingdom on its #foundationday. This special day symbolizes the essence of the kingdom’s civilization, culture, and heritage.
May the kingdom live in prosperity and continue to celebrate the past and embrace the future.
Happy Foundation day!
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Saudi Arabia signs MoU with Standard Chartered to boost investments in mining
News
Saudi Arabia’s Ministry of Industry and Mineral Resources has signed an MoU with Standard Chartered Bank to assess the requirements for sustainable investment in the mining sector in the Kingdom, as per the objectives of Vision 2030.
The signing ceremony was attended by Vice Minister for Mining
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Saudi Arabia’s PIF invests $1.3bn in four local construction companies
News
Saudi Arabia’s sovereign wealth fund has invested a total of $1.3 billion in four local construction companies, as part of the fund’s capital increase initiatives.
The Public Investment Fund (PIF) has acquired stakes in Nesma & Partners Contracting Co., El Seif Engineering Contracting Co., AlBawani Holding Co., and Almabani General Contractors Co.
These new transactions
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Saudi Arabia sees 54% jump in investment licenses to 4,358 in 2022
News
Saudi Arabia issued 4,358 investment licenses in 2022, up 53.9 percent compared to 2021, as the Kingdom steadily emerges as an investment destination in line with the goals outlined in Vision 2030.
The government’s total revenues increased to SR283.8 billion ($75.64 billion) in the
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Saudi Arabia says tech giants to invest more than $9 billion in kingdom
News
Saudi Arabia has attracted more than $9 billion in investments in future technologies, including by U.S. giants Microsoft and Oracle Corp, which are building cloud regions in the kingdom.
Saudi Minister of Communication and Information Technology Abdullah Alswaha said Microsoft will invest $2.1 billion in
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Launching of our KSA Chapter
News
We are proud to announce the launch of our KSA Chapter and the merge of the Australia Saudi Business Group with ASBC to form one bigger and stronger organisation.
This will bring great benefit to our members and partners as we
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Saudi Arabia prepares 100 plants for the fourth industrial revolution
News
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With the new year right around the corner, we would like to wish you and your loved ones joy and health this holiday season.
News
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Saudi crown prince unveils $20 billion plan to transform Jeddah
News
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Join us for the upcoming event Together for a better World
Events
Join us on Friday the 3rd of December to this great initiative hosted by the Royal Embassy of Saudi Arabia in Canberra, celebrating and discussing a more connected future on the occasion of the Day of Persons with Disabilities.
Zoom Link
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Expo 2020: Saudi Arabia takes visitors on journey through its past, future
News
Saudi Arabia inaugurated its state-of-the-art pavilion at Expo 2020 Dubai on Friday, kicking off a six-month experience that will take visitors on a journey through the kingdom’s rich past, vibrant present, and promising future.
The idea of “seeing is believing” is
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Saudi Arabia turning into a global player in tech investment: 500 Global chief
News
500 Global, previously known as 500 Startups, is a venture capital firm based in Silicon Valley, California
Saudi Arabia is fast becoming a global player for innovation thanks to a record year for start-ups and funding, the head of an international venture capital
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Join us for the upcoming event in the MISA & ASBC Sector Series
Events
Join us on the 3rd of November for the upcoming event in the MISA & ASBC Sector Series which will focus on opportunities and potential areas of collaboration between Australia and the Kingdom of Saudi Arabia in the Mining, Resources,
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Saudi non-oil private sector growth quickens to seven-year high
News
Business activity in Saudi Arabia last month grew at the fastest pace in seven years as fewer Covid-19 restrictions led to a boost in the non-oil economy.
A purchasing managers’ index (PMI) compiled by IHS Markit rose to 58.6 in September
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Saudi Arabia’s Riyadh Season to host more than 7,000 events
News
Saud Arabia's Riyadh Season promises to be its biggest yet with thousands of events planned across the capital.
Details of the five-month entertainment and cultural festival, to begin on October 20 and running until March 2022, was announced on Monday by
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The peak non-for-profit organization focused on promoting and enabling bilateral trade and relations between Australia and Saudi Arabia
Established in 2013 as an agreement between the Council of Saudi Chambers and the Australian Industry Group, the Australia Saudi Business Council (ASBC) is the leading organization committed to deepening and strengthening cooperation and understanding between the institutions and people of the Kingdom of Saudi Arabia and Australia.
Events
Upcoming Events
An Impactful Bilateral Forum
ASBC has an extensive experience and history of serving the relationship between Saudi Arabia and Australia. Since founding, ASBC has enriched and expanded Australia-Saudi relations by providing an essential forum for cooperation and exchange between public and private business leaders, officials and decision makers in both countries.
Our members embody the diversity and depth of our countries’ partnership, including some of the most distinguished commercial institutions involved in business between the Kingdom and Australia.
