Saudi Arabia

flynas expands Africa network, celebrates first direct flight between Jeddah and Djibouti

Airline started operating three weekly flights between Jeddah and Djibouti, further expanding travel options to and from Africa

Saudi Arabia advances coastal tourism growth with key initiatives in 2024

Authority introduced the first-ever regulatory framework for Saudi yachts in 2024

Saudi Arabia leads MENA’s VC landscape with $750 million funding in 2024

Saudi Arabia set a new record with 178 VC deals last year, solidifying its position as the region's largest economy

Saudi Arabia’s Nice One debuts strong: $320 million IPO soars 30 percent

Shares of the online cosmetics retailer soared to as high as SAR45.5 ($12.1) each

Saudi Arabia’s domestic tourism flourishes in 2024 with 44 percent growth in bookings

While iconic cities such as Makkah, Riyadh and Madinah remain central tourism hubs, emerging destinations are becoming increasingly popular 

AFC Asian Cup 2027 Saudi Arabia: Dates, stadium and participating nations announced

The tournament is set to take place from January 7 to February 5, 2027, in Saudi Arabia

Saudi Arabia issues $12 billion triple-tranche bond, oversubscribed by three times

The total order book reached around $37 billion, which equals an oversubscription of 3 times

Saudi Arabia’s Q4 2024 sees 67 percent rise in commercial registrations, surpassing 160,000

This increase showcases notable growth and advancement in the Kingdom's commercial environment

Saudi Arabia’s GASTAT launches new micro data center for accurate statistical data access

The initiative aims to empower decision-makers through data-driven insights

Diriyah Company launches $310 million substations to power future development

Diriyah and Wadi Safar electricity substations will be operated by Saudi Electricity Company

Saudi PIF completes $7 billion inaugural murabaha credit facility

This financing arrangement is backed by a broad consortium of 20 international and regional financial institutions

Riyadh Metro complete and operational with launch of sixth and final line

This line runs 41 kilometers from Jeddah Road to the Second Eastern Ring Road, parallel to Khashm Al Aan in the east 

Saudi Arabia endorses 2025 annual borrowing plan with $37 billion funding target

This plan outlines key public debt developments for 2024, local market enhancements, and the 2025 funding strategy 

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