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Saudi Arabia
Real Estate
Saudi Arabia’s minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement
40 percent of Spain's investments in Saudi Arabia over the past 10 years has been in the real estate sector
Energy
Saudi Arabia’s crude oil production reaches seven-month high in February
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Industry
$410 billion in investments propel Saudi Arabia’s mining sector growth
$2.5 trillion in mineral wealth support Saudi Arabia's diversification efforts
Economy
Riyadh to ‘move ahead significantly’ on $5 billion Pakistan investment plan
Investments to encompass agriculture, mining, information technology, and aviation
Logistics
Saudi Arabia’s air transport sector sees 26 percent passenger growth, exceeding 112 million in 2023
This robust performance reflects the sector's successful recovery from the COVID-19 pandemic
Economy
Saudi Arabia’s inflation slows to 1.6 percent in March: Report
Rental prices drive Saudi Arabia's annual inflation increase in March
Economy
Only 40 percent of Saudi women are likely to return to work after a break: PwC report
Financial independence emerges as a key incentive for women returners in Saudi Arabia
Energy
Saudi Arabia’s drilling firm ADES secures $93.3 million contract to operate jack-up rig in Qatar
The contract includes a mandatory and optional extension period of up to 18 months
Industry
Saudi Arabia’s industrial production index up 1 percent in February
Index reveals 2.1 percent annual increase in manufacturing activity
Hospitality & Tourism
Ramadan 2024: Saudi Arabia’s Jeddah Historic District welcomes over 2.5 million visitors
District emerges as a model for sustainable practices and urban development
Industry
Saudi MODON attracts investments worth $3.85 billion in 2023: Report
MODON received the "Most Attractive Destination for Investments Award" in 2023
Economy
12 Saudi companies ink agreements with Iraq Development Fund
The deals seek to promote cooperation in various high-quality investment projects in Iraq
Logistics
Riyadh airport introduces e-passport gates at two terminals
First airport in Saudi Arabia to implement biometric e-passport scanners
Markets
Saudi CMA’s locally managed assets surge to $232.2 billion in 2023
The asset management industry reached $1.1 billion by end of 2023
Logistics
Saudi Arabia records over 1.45 million commercial registrations by end of Q1 2024
The Ministry of Commerce recorded 104,000 registrations and 65,363 permits
Hospitality & Tourism
Eid Al Fitr 2024 in Saudi Arabia: Places to visit, fireworks, staycations and more
Here's the ultimate guide to all you need to know about celebrating Eid Al Fitr in Saudi Arabia
Economy
Saudi Arabia’s startups raise $198 million in March 2024
SaaS providers dominate region's investment landscape
Economy
Business activity in Saudi Arabia rises to 6-month high in March, PMI data shows
Non-oil private sector saw a decline in cost inflation for the second month in a row
Logistics
Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation
Expected financial impact to appear on company's statements starting from Q1 2024
Energy
Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts
This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd
Saudi Arabia
PIF-owned SITE teams up with Korea’s AhnLab for advanced cybersecurity solutions in Saudi Arabia
SITE will hold a 75 percent stake in the local joint venture to be set up in the Kingdom
Hospitality & Tourism
Saudi Arabia’s tourism sector sets new record, foreign visitor spending touches $36 billion
In 2023, Saudi Arabia led the UN tourism list for the growth rate of international tourists compared to 2019
Markets
OPEC Secretary General predicts persistent global demand for oil in the coming decades
OPEC believes that the oil industry will need approximately $11.1 trillion by 2045
Miscellaneous
$13.32 million initiative restores 56 heritage buildings in Jeddah historic district
The project primarily targets showcasing the rich heritage of the Historic Jeddah District
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