Saudi Arabia

Saudi Arabia’s Mawani signs $586 million port privatization contracts to boost growth in maritime sector

The contracts were signed with national partners Saudi Global Ports (SGP) and Red Sea Gateway Terminal

Saudi Arabia’s PIF launches its first commercial paper program to enhance funding flexibility

The commercial paper program carries credit ratings of P-1 from Moody’s and F1+ from Fitch

Younger Saudi CEOs on the rise: Korn Ferry highlights leadership shift in new report

The analysis is based on publicly available data from CEO succession events among the top 100 publicly listed companies on the Tadawul exchange

Saudi Arabia’s Expo 2025 Osaka pavilion attracts 1 million visitors in first 70 days

Saudi Arabia's Expo 2025 Osaka pavilion is the second largest after the host country, Japan

Saudi Arabia welcomes 116 million tourists in 2024, achieves $75.7 billion in tourism spending

Inbound tourism spending totaled SAR168.5 billion, up 19 percent from the previous year

Saudi Arabia launches massive summer 2025 tourism campaign to attract global visitors

Saudi Arabia's “Color Your Summer” invites visitors to explore six key destinations that offer a seamless blend of nature, adventure, and culture

Saudi Arabia’s bank credit hits over $833 billion by April 2025 with 16.5 percent YoY growth

Quarterly growth of 5 percent indicates continued positive momentum in the banking sector for 2025.

Madinah’s tourism sector posts 18.7 percent growth as visitor numbers surge to 18 million

The growth in Madinah's tourism sector aligns with Saudi Arabia's broader strategy for attracting 150 million visitors by 2030

Saudi Arabia to launch direct flights from Kuwait to Aseer Region this summer

The Saudi Tourism Authority announces direct flights starting July 15 and running through September

Saudi Arabia’s PIF launches new company to build, operate facilities of Expo 2030 Riyadh

Company plans to lead the transformation of the Expo’s gated area into a global village to serve as a multicultural hub

World Bank projects stronger medium-term growth across GCC economies

The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors

Saudi Arabia expands national antiquities register with 744 new archaeological sites

Recent additions highlight Saudi Arabia’s commitment to preserving its rich cultural heritage and history 

flynas named best low-cost airline in Middle East for 8th consecutive year: Skytrax

The airline was also among the top 10 low-cost airlines in the world

Oil-funded growth or true diversification? Key metrics to watch in the GCC

Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts

Saudi Arabia breaks two new Guinness records in water desalination technology

The first record recognized the largest seawater desalination plant using reverse osmosis technology in the world 

Saudi Arabia’s GACA, Airbus forge partnership to advance sustainable aviation practices

Key areas of cooperation include sharing expertise in low-carbon and sustainable aviation fuels

GCC dominates Dubai Chamber exports in Q1 2025 with AED 40.5 billion in trade

Markets across the Middle East (non-GCC) came in second, with exports and re-exports totaling AED 25 billion

Saudi delegation signs key aviation deals at 2025 Paris Air Show

The kingdom provides opportunities for global aviation investors, with the Saudi Aviation Strategy unlocking $100 billion in infrastructure projects

Riyadh jumps 60 places to 23rd emerging startup ecosystem globally

Riyadh's startup ecosystem had the most significant growth of any MENA ecosystem in the Top 100 Emerging ranking

Riyadh Air inks deal for up to 50 Airbus A350-1000 aircraft at Paris Air Show

The start-up airline now has up to 182 aircraft on order and will operate a three-type fleet with flights set to commence later in 2025

Saudi Arabia’s annual inflation rate holds steady at 2.2 percent in May 2025

Saudi Arabia ranks among the lowest inflation rates in G20 countries

Aramco CEO: Transitioning to net-zero emissions could incur costs of up to $200 trillion

Nasser stated that history shows new energy sources complement rather than replace traditional oil and gas

stc Group expands Saudi Arabia’s 5G network to over 9,500 sites, enhances connectivity during 1446 AH Hajj season

stc became the region's first operator to commercially launch services using low-band spectrum