Saudi Arabia

June 2025 sees Saudi Arabia’s inflation rate stabilize at 2.3 percent year-on-year: GASTAT

Consumer Price Index maintained steadiness at 0.2 percent compared to May 2025

EFG Hermes advises Nesma & Partners on strategic acquisition of AYTB

EFG Hermes acted as the sole buy-side financial advisor to Nesma & Partners

Saudi Arabia’s real estate market thrives on GDP growth, retailtainment, and tourism boom

The retail sector is evolving with retailtainment, enhancing customer experiences in entertainment hubs

Diriyah Company awards $600 million contract for construction of 400 retail units in Diriyah Square

The contract for the development of the retail district includes building 73 individual buildings

Honor of Kings World Cup 2025 kicks off in Riyadh with $3 million prize pool

The grand finals on July 26 will feature a dramatic best-of-seven series using the “Ultimate Battle” draft mode

Diriyah Company: Transforming Saudi Arabia’s birthplace into a premier destination

Diriyah is a unique destination that combines cultural and historical experiences with the modern pleasures of fine dining, nature, and luxury

UAE and KSA cement position as global investment magnets in Kearney’s 2025 FDI Index

The 2025 index results indicate that despite challenges, international investors maintain faith in the Gulf’s economic potential

Saudi Arabia’s PIF ranks 4th globally among SWFs as assets under management hit $1.152 trillion

This year, the fund achieved a perfect score in Governance, Sustainability and Resilience (GSR), up from 28 percent in 2020

Saudi Arabia achieves 203.2 percent growth in non-oil trade surplus exceeding $533.2 million

Total non-oil trade volume between Saudi Arabia and GCC countries reached SAR18.028 billion in April 

Saudi Arabia ranks first in global tourism receipts growth for Q1 2025

The Kingdom recorded 102 percent surge in international tourist arrivals during the quarter

Tasama: New PIF company to support startups, boost business services growth across Saudi Arabia

Tasama offers a suite of services to support businesses through their startup and growth phases.

Saudi financial sector achieves 353 listings, 261 fintech companies, and 79 percent digital payment growth

FSDP's 2024 report highlights achievements that enhance resilience and growth in the financial sector 

ACWA Power consortium inks $8.3 billion deals for seven renewable energy projects

Agreements represent the largest capacity globally signed for renewable energy projects in a single phase

Saudia Group achieves global leadership in on-time performance with 91.33 percent arrival rate

New AI systems optimize flight planning, improving coordination across all the airline’s sectors 

Saudi Arabia’s industrial production index grows 1.5 percent in May on mining, manufacturing

The mining and quarrying sub-index rose by 2.1 percent year-on-year 

Saudi Arabia’s CMA approves key amendments to investment funds regulations to boost competitiveness, protect investor rights

Key amendments expand distribution categories, allowing electronic money institutions to distribute fund units 

Saudi Arabia strengthens ties with international partners to boost its role in advancing AI

Alswaha affirmed that Saudi Arabia has launched several initiatives to address global challenges in computing, data and algorithms

Saudi Arabia approves new law for foreign property ownership in designated zones starting 2026

The law permits non-Saudis to own property in designated zones, notably in Riyadh and Jeddah.

Saudi Arabia maintains top position in global IMD cybersecurity ranking in 2025

The Kingdom is classified as Tier 1 – “Role-modelling” in the Global Cybersecurity Index 2024 by ITU

Saudi Arabia’s construction output hits $148 billion in 2024, forecasted to reach $191 billion by 2029

Vision 2030 drives $215.4 billion in construction contracts across the Kingdom

Three scenarios for Middle East in 2035 show $232 billion AI-driven potential GDP boost: PwC

The Middle East can leverage renewable energy and AI for sustainable economic expansion

World Bank sees growth on the horizon in the GCC

The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region