UAE’s Al-Futtaim commits $2.7bn to Saudi Arabia to support Vision 2030 goals 

RIYADH: UAE-based conglomerate Al-Futtaim has committed SR10 billion ($2.6 billion) in new investments over the next three years in Saudi Arabia, reinforcing its long-term partnership with the Kingdom. The announcement, made at the Future Investment Initiative conference in Riyadh, highlights the group’s focus on localization, talent development, and diversified economic growth, the company said in a press release. The new commitment builds on Al-Futtaim’s existing SR5 billion investments in Saudi Arabia and is projected to create more than 1,000 jobs.

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