Capex super cycle: Saudi to invest $1trln in economy by 2030

August 16, 2024-Goldman Sachs report highlights nearly 73% of investment funds will go to non-oil sectors by 2030
Saudi Arabia is poised to invest $1 trillion in a "capex super cycle", with 73% of the capital infusion designated to fuel the kingdom's non-oil economy by 2030, according to Goldman Sachs.

Goldman Sachs also highlights an estimated $25 billion-per-year funding gap for the country's capex projects, while shifting focus on alternative sources of financing to address liquidity concerns.

Saudi Arabia's realignment on developing its non-oil economy has seen a notable shift from the earlier forecast, which pegged the country’s non-oil investment at 66%, Faisal AlAzmeh, who heads CEEMEA equity research at the US-based investment bank, said.

Indxx Licenses Bitcoin Reference Index to Migdal Mutual Funds Ltd. for an ETF

December 31, 2024-Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the Indxx Bitcoin Reference Index to Migdal Mutual Funds Ltd. as the underlying benchmark for the MTF (4D) Indxx Bitcoin Reference Index Fund (5139886) which began trading today on the Tel Aviv Exchange.