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Saudi Arabia
Economy
PIF Private Sector Forum strengthens economic vision through strategic partnerships
Event concludes with commitment to Saudization and private sector empowerment
Hospitality & Tourism
Diriyah project attracts $6 billion in private sector investments
Company to break ground on 11 new assets by the end of 2024
Hospitality & Tourism
Xaynor: A luxurious beachfront retreat in NEOM
An exclusive getaway on the pristine Gulf of Aqaba coastline
Hospitality & Tourism
Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Deals were signed during PIF Private Sector Forum
Saudi Arabia
PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content
Agreements align with the objectives outlined in Vision 2030
Markets
Saudi Arabia’s traded shares exceed $52 billion in January
Despite global uncertainties, Saudi stock indexes reflect stability and growth
Hospitality & Tourism
27 million tourists visited Saudi Arabia, spent $26.66 billion in 2023
Kingdom aims to attract 150 million domestic and 70 million international tourists
Economy
Saudi Arabia’s PIF attracted over $25 billion worth of investments in three years
New Contractor Financing Program launched
Banking & Finance
Saudi Arabia banks’ credit growth to slow to 8 to 9 percent in 2024 — S&P
Coming from 10 percent in 2023
Industry
Saudi Arabia launches National Automotive and Vehicles Academy, establishes Automotive Manufacturers Association
Training program to produce qualified staff for local car manufacturing companies
Industry
Saudi Arabia’s tech firm ‘Alat’ names Amit Midha as global CEO
Collaboration with leading corporations to innovate and revolutionize industries
Banking & Finance
EFG Hermes concludes advisory on Kazyon’s acquisition of 50 percent stake Dukan in Saudi Arabia
Following collaboration in Kazyon's $76.5 million capital raise/private placement in 2014
Hospitality & Tourism
JCDC signs $3.2 billion contracts for new landmarks in Jeddah
Landmarks boost national economy, align with the goals of Saudi Vision 2030
Economy
Saudi Arabia achieves $16 billion budget surplus in Q4 2023
Due to 40.7 percent YoY decline in government expenditures
Economy
Saudi Arabia maintains A++ rating with stable outlook: Fitch
Classification reflects Kingdom's robust external financial strength
Economy
Saudi Arabia’s PIF launches today second private sector forum, unveiling new local business opportunities
Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector
Economy
Saudi Arabia’s non-oil sector grows, PMI records 55.4 in January
Economic expansion continues amid inflationary pressures and supply chain risks
Hospitality & Tourism
Royal Commission for AlUla launches ‘I Care’ heritage campaign
To protect and promote the rich cultural legacy of northwest Arabia
Saudi Arabia
stc users exceed 16 million following Riyadh Season launch
stc's continued investments are reflected in the volume of 5G network use
Industry
Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030
New company to help turn Kingdom into electronics, advanced industries hub
Economy
Saudi Arabia reveals FDI inflow of $4.53 billion in Q3 of 2023
New FDI methodology aligns with the IMF's standards
Markets
Aramco: Saudi Arabia considering a $10 billion share sale
As soon as February
Saudi Arabia
Saudi Arabia to host historic COP16 in Riyadh
Strengthening international efforts to reduce land degradation and desertification
Economy
Saudi Arabia’s non-oil sector grew 4.6 percent in 2023
Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP
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