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SAGIA signs four investment pacts, 11 MoUs with Indian companies

Date posted: Thursday 21 February 2019


The Saudi Arabian General Investment Authority (SAGIA) on Wednesday signed four investment agreements worth more than $28 million and 11 memorandum of understanding (MoUs) during the visit of Crown Prince Mohammed Bin Salman. This is besides five governmentto-government pacts signed by the two sides across infrastructure, energy and tourism sectors. Saudi Arabia also decided to join International Solar Alliance. The SAGIA announcements cover a range of partnerships across strategic growth sectors, including energy and water, technology, arts and entertainment, healthcare, trade and investment. This reflects the strength and diversification of the Saudi economy, as well as the opportunities being unlocked for private sector businesses by widespread economic and social reforms as part of Vision 2030.

(Economic Times)

Zebi acquires blockchain start-up Element42

Date posted: Thursday 21 February 2019

Zebi, a leading blockchain company had acquired Element42, a Bengaluru-based blockchain start-up for an undisclosed sum. Zebi has made the acquisition to bolster the strength of its in-house blockchain engineering talent while adding new products and customers.

(Business Standard)

C P Kukreja Architects buys Indian arm of dbHMS, US

Date posted: Thursday 21 February 2019

CP Kukreja Architects (CPKA) has acquired the Indian arm of Chicago-based design firm dbHMS. CPKA Managing Principal Dikshu C Kukreja said in a statement, this acquisition would enable the company to provide world-class expertise to its clients in India. With this acquisition, the company plans to expand in Africa and South-Asian countries.

(The Hindu)

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