Saudi Arabia

Saudi Arabia trade balance surplus grows 30 percent to $5.5 billion in October 2024

This represents an increase of over $1.06 billion compared to September

Saudi Arabia leads global shift in data and AI in 2024, achieves top ranks in key indicators

Saudi Arabia has achieved first place globally in several areas, including the Government Strategy for AI Pillar

Saudi women’s labor force participation hits 36.2 percent in Q3 2024

Among Saudi nationals, the labor force participation grew by 0.7 percentage points in Q3 2024, reaching 51.5 percent

Saudi Arabia’s public investment funds assets jump 37 percent to $42.6 billion at end of Q3 2024

The subscriber count saw a remarkable increase of 51 percent, translating to nearly 528,000 additional subscribers

British explorer to embark on historic foot journey across Saudi Arabia on January 1

The expedition will span a 2,500 kilometers over the course of five months

Saudi Arabia’s net FDI inflows rise 37 percent to $4.26 billion in Q3 2024

Net FDI inflows declined 24 percent year-on-year from SAR21.1 billion during the third quarter of 2023

Red Sea International Airport welcomes first flynas flight from Dammam

This marks the first direct link between the Eastern Region and the Red Sea destination

Saudi Arabia, Qatar trade exchange grows over 335 percent in two years

Trade between the two Gulf states increased from $184.6 million in 2021 to $802.5 million in 2023

Saudi Arabia’s Riyadh Season 2024 attracts 13 million visitors since October

Riyadh Season this year started off strong, drawing an impressive two million visitors within just one week of its launch

Saudi Arabia’s ROSHN launches first residential community in Makkah

ALMANAR will offer over 33,000 homes and provide over 150 amenities to cater to residents' needs

stc Group hits record 5G usage with over 61 percent traffic in Boulevard City during Riyadh Season

stc expanded its Boulevard City network by 12 percent and increased 5G frequencies by 20 percent

Saudi Red Sea Authority issues 12 new licenses to promote coastal tourism sector

Sindalah Marina, Dolphin Beach Resort, and Jeddah Marina are among those awarded operator licenses

Saudi Arabia, Oman explore enhancing cooperation in industrial integration, trade

The two countries underscored the importance of advancing economic cooperation and strategic integration between them

Saudi Arabia’s non-oil exports rise by 12.7 percent in October

National non-oil exports, excluding re-exports, saw a rise of 5.1 percent

Saudi Arabia’s construction market to exceed $90 billion by 2029

Over $20 billion in projects are underway in Riyadh 

Saudi Arabia’s Kingdom Holding buys $400 million stake in Elon Musk’s xAI

This transaction bringsKingdom Holding's total investment value in xAI to $800 million

Undersupply continues to drive rent growth in Saudi Arabia’s office sector in Q3 2024: Report

Occupancy rates in Riyadh's office sector are running close to 100 percent

FIFA World Cup 2034: Aramco’s 47,000-seat Al Khobar Stadium set for completion in 2026

Stadium will include cutting-edge sports and entertainment facilities, retail areas and entertainment zones

flynas launches two weekly flights between Dammam and Red Sea International Airport

Flights between Dammam and Red Sea International Airport will begin on December 28

Saudi Arabia excels at navigating labor market challenges, new report finds

The Kingdom is committed to workforce development under Vision 2030, emphasizing diversification, job creation, and competitiveness

Saudi Arabia launches Riyadh Declaration for inclusive and innovative AI

The declaration underscored AI's role in improving digital access, literacy, and economic value while addressing global challenges

PIF’s Dan Company to launch first luxury resorts in Al-Ahsa

Spanning 1.8 million square meters, the resort will feature 201 hotel rooms and high-end villas

Saudi Arabia’s inflation rate hits 2 percent in November 2024, lowest in G20

CPI illustrates fluctuations in prices that consumers pay for a predetermined basket of goods and services, which includes 490 distinct items