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compound annual growth rate (CAGR) from 2023 to 2030, according to consultancy Grand View Research. Morocco is slated to co-host the 2030 soccer World Cup (with Portugal and Spain), with Saudi Arabia following four years later, nearly on the heels of the 2022 edition in Qatar. The sports market for the region is primed for a 16.5%
In the final stretch of its Vision 2030 development blueprint, Saudi Arabia is counting on FDI to play a bigger role. Initially expected to be taken up by 540 companies by 2030, the kingdom surpassed this goal within the first year. The clock is ticking for Saudi Arabia. Those in charge, however, remain positive.
Under its Vision 2030 strategy, the emirate is focused on diversifying and decarbonizing by investing in sectors like tourism, finance, and logistics. Abu Dhabi has made some significant progress on diversification, including finance and manufacturing, says Alexander.
” The Flynas investment aligns with Saudi Arabia’s Vision 2030’s strategic goals by enhancing international partnerships. The post From Riyadh To The Runway: Flynas IPO Is Taking Off appeared first on Global Finance Magazine.
According to Goldman Sachs, we can expect AI power demand to increase by 165% by 2030; McKinsey forecasts that in Europe alone, meeting the new IT load demand will require between $250 billion to $300 billion of investment, excluding power generation capacity. By 2030, these numbers are expected to increase by about 30-40%.
For instance, financial services are extended only to clients committed to reducing thermal coal dependence to below 5% of revenue by 2030. The proceeds will finance affordable housing and essential services for elderly populations.
Nicholas brings three decades of capital markets, corporatefinance and valuation experience and will lead the IVSC’s growth across the region, with a focus on business valuation and intangibles. The IVSC is delighted to announce the appointment of Nicolas Konialidis as its new Asia Director, based in Singapore.
He has three decades of experience in capital markets, corporatefinance, and valuations. Between 2010 and 2017, Nicolas was a corporatefinance advisor and Investor Relations officer for corporate clients in several industries, including Renewable Energy.
He also committed to halving the company’s carbon emissions by 2030 and reaching net-zero emissions by 2050. During his eight-year tenure, Schneider pivoted the company toward high-growth products such as coffee, pet care, and nutritional health products, while exiting slower-growth sectors. Weak sales growth has dogged the company, however.
The support statements included with the Arjuna-Follow This proposal explain that the activists want Exxon Mobil to reduce its operational GHG emissions by 50 percent on an absolute basis by 2030 and to introduce targets reducing Scope 3 emissions consistent with limiting global warming to 1.5 degrees Celsius.
The government aims for EVs to account for 30% of vehicle sales by 2030 and targets carbon net zero by 2070. billion in 2022 to approximately $22 billion by 2029, making it the largest market in the world by 2030.
Since the launch of Vision 2030 nine years ago, Saudi Arabia has made significant strides in economic diversification, fostering a more attractive environment for global investors. By contrast, only five IPOs took place in 2019, yet they generated a much higher $30.46 billion for a 1.5% stake in the state-owned oil giant.
NASA currently plans to decommission the ISS by 2030, transitioning to commercially owned and operated space stations. The ISS has been inhabited continuously since November 2000, with more than 700 payloads flown through ISS Lab, including 110 in each of 2023 and 2024. There are only so many payloads you can fly.
About the authors This article is a collaborative effort by Jeongmin Seong , Olivia White , Shivanshu Gupta , Asutosh Padhi , Brajesh Chhibber , Jeffrey Condon, and Tiago Devesa, representing views from the Geopolitics Practice, McKinsey Global Institute, and the Strategy & CorporateFinance Practice.
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