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The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
Neo Space Group is PIF's first venture into the space sector
GACA report assesses 11 operational performance standards to enhance services and traveler experiences
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry
The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million
This comes as part of Round 4 of the Saudi National Renewable Energy Program (NREP)
The total value of commodity exports stood at $77.77 billion
Medium-sized enterprises took the largest share at 57.5 percent or SAR158.411 billion in March 2024
The Club Championship will award $20 million to the top 16 clubs depending on their overall performance
GACA launches first aviation sector report for Saudi Arabia highlighting contributions of $53 billion
The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030
Saudi CEOs anticipate that GenAI will significantly change the creation, delivery and capture of value in the next three years
The sector is predicted to experience a 13.5 percent annual growth, surpassing the global average of 11.2 percent
Number of flights increased to over 37 million last year, according to GACA President
The Saudi aviation sector contributed $53 billion to the country's economy and supported around 958,000 jobs nationwide
Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd
Program features over 550 tourism products and more than 150 special offers
The order comprises 12 A320neo and 93 A321neo aircraft
The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector
This represents a 3.66 percent rise compared to the previous month
The licenses cover 10 building materials quarry licences, one mineral ores surplus licence, and one reconnaissance licence
The ship accommodates over 3,362 passengers and includes 20 entertainment venues across 18 decks
Number of exported containers up 3.72 percent to 216,504 TEUs in April
