PRESIDENT Ferdinand “Bongbong” Marcos Jr. will bring home over $4.26 billion worth of investment agreement with Saudi Arabia business leaders.Marcos met with Saudi business leaders on Thursday, October 19, 2023, at the sidelines of his attendance at the Association of Southeast Asian Nations-Gulf Cooperation Council Summit.
Marcos assured the Saudi investors of continued support from the Philippine government especially by amended existing laws such as the Foreign Investments Act, Retail Trade Liberalization Act, Public Service Act, and the Renewable Energy Act, which aim to attract more foreign investors particularly for telecommunications, port operations, transportation, and clean energy sectors.
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Marcos secures $4.26B business deals in Saudi Arabia(UPDATE) RIYADH: The Philippines has secured around $4.26 billion worth of investment deals during President Ferdinand Marcos Jr.'s visit to Saudi Arabia that are expected to generate nearly 300,00 jobs for Filipinos up to 2030.
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Marcos pitches Maharlika Investment Fund to Saudi investorsAfter hitting pause on implementing the Maharlika Investment Fund, President Ferdinand “Bongbong” Marcos Jr. on Thursday encouraged business leaders in Saudi Arabia to invest in the country’s newly created sovereign wealth fund.
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Marcos pushes Maharlika Investment Fund in Saudi ArabiaPresident Ferdinand 'Bongbong' Marcos Jr. on Thursday pushed for the Maharlika Investment Fund among business leaders in Saudi Arabia.
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Marcos secures $120M business deals in Saudi ArabiaRIYADH: The Philippines has secured over $120 million worth of business agreements on the first day of President Ferdinand Marcos Jr.'s visit to Saudi Arabia.
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