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Saudi Arabia
Saudi Arabia
Cisco: Over 90 percent of organizations in Saudi Arabia have an AI strategy in place or under development
82 percent of companies plan to invest in upskilling employees on AI
Industry
PIF-backed Alat signs global agreements to enhance sustainable technology manufacturing
The company seeks to invest $100 billion by 2030 to strengthen the tech industry
Economy
Saudi Arabia signs six MoUs to boost education, investment, and sustainability efforts
The agreements align with the goals of Vision 2030
Saudi Arabia
stc Group records $19.28 billion in revenues for 2023
The Group reported $3.6 billion in net profits
Economy
Saudi Arabia’s strategic reforms propel it to top spots in Kearney’s Global Retail Development Index
This positive development reflects the Kingdom's strategic shift away from oil dependence
Markets
Saudi Arabia’s Aramco plans bond issuance in 2024
Aramco will now be able to capitalize on recent declines in global interest rates
Logistics
Al-Ula in Saudi Arabia joins Swissport’s network
Initially, Swissport at Al-Ula will handle two weekly Royal Jordanian flights to and from Amman
Economy
Saudi Arabia’s Regional Headquarters Program: What you should know
Benefits include a 30-year tax break
Logistics
Saudi Arabia’s PIF acquires 40 percent stake in Zamil Offshore Services Company
The investment aims to enhance the financial resources of Zamil Offshore
Markets
Saudi Tadawul Group opens third edition of Saudi Capital Market Forum
The Saudi Capital Market Forum is centered around the theme ‘Powering Growth’
Logistics
Road Quality Index: Saudi Arabia surges to 4th position among G20 nations
The WEF report showcases a substantial leap in the Kingdom's RQI, rising from 5.2 to 5.7
Saudi Arabia
LEAP 2024: Saudi Arabia to host 3rd edition of tech event in March
LEAP 2024 is set to welcome more than 1,800 global tech exhibitors.
Hospitality & Tourism
NEOM and MDLBeast launch mega beach club on $500 billion Sindalah Island project
Mega project launches first destination amidst ambitious transformation plans
Logistics
Saudi Arabia launches $373 million road projects in Makkah
Improving transportation network and serving pilgrims
Saudi Arabia
Saudi Arabia’s Nusuk platform holds inaugural meeting, exhibition in Dubai
Nusuk platform to enhance the experience of Umrah performers and visitors from the UAE.
Banking & Finance
Saudi Arabia’s 2023 budget generates $322.6 billion in revenues
Non-oil revenues in 2023 surged by 11 percent YoY
Markets
Saudi Arabia closes February sukuk issuance at $2.09 billion
Issuance was divided into three tranches
Saudi Arabia
Four Saudi cities ranked in the ‘Smart Cities Index’ in 2023
Kingdom aims for 10 Saudi cities in top 50 global rankings
Hospitality & Tourism
Red Sea Global secures $533 mn financing deal for luxury hotel on Shura Island
Investment bolsters Saudi Arabia's tourism sector, supports Vision 2030
Industry
Saudi Arabia’s mining and quarrying sector power industrial growth in December
Industrial production index witnesses 0.4 percent growth despite oil output cuts
Logistics
Boeing confirms establishing regional HQ in Saudi Arabia
Move reflects Saudi Arabia's growing influence in aviation sector
Logistics
SAR records over 10 percent growth in cargo transport in 2023
Partnership agreements forge path for enhanced logistics and industrial development
Saudi Arabia
stc Group partners with iBASIS to boost IoT connectivity in MENA
Enhancing global communication and driving digital transformation in the region
Health
Canadian firms eye investments in Saudi Arabia’s healthcare sector
Will strengthen bilateral cooperation in healthcare and medical services
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