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Saudi Arabia
Real Estate
Saudi housing market resilient despite slowdown
CBRE report highlights robust growth in the kingdom's real estate sector
Industry
Saudi to invest $8.79 billion to double phosphate production, aims for top three global position
SAR20 bn unveiled for 100 new investment prospects northern Kingdom
Hospitality & Tourism
SEVEN unveils plans for SAR1.3 bn entertainment destination in Saudi’s Asir
Expected to boost GDP by SAR4 bn
Hospitality & Tourism
flynas becomes first Saudi airline to join UN World Tourism Organization
UNWTO members include 500+ companies, educational institutions, and NGOs
Real Estate
Saudi office rents increase, Riyadh leads with a 24 percent spike
Driven by growing presence of foreign businesses
Markets
MBC Group plans to float 33.25 mn shares on Saudi’s Tadawul
After securing approval from the Capital Market Authority
Markets
Saudi concludes November sukuk issuance at SAR2.67 bn
Kingdom restructured in August SAR35.7 bn of debt instruments
Logistics
Potential use of local currencies for trade between Saudi, Egypt
Feasibility of local currency trade exchange proposed by Saudi Minister
Miscellaneous
Riyadh hosts 9th edition of the International Coffee and Chocolate Exhibition
Region's largest trade show to feature investment opportunities in the industry
Economy
Saudi, China central banks ink $6.93 bn currency swap agreement
Strengthening bilateral relations
Logistics
Saudi-Egypt trade surpasses $58 bn in five years
Saudi private sector investments in Egypt reached $35 bn
Energy
New natural gas discoveries unveiled in Saudi
Al-Hiran gas field confirmed with 30 million cubic feet daily flow
Saudi Arabia
Google’s new Saudi cloud region could generate $109 bn to GDP by 2030
Creating 148,600 jobs
Hospitality & Tourism
Saudi’s NEOM expands with new luxury coastal destination, Epicon
To include a hotel, resort and premium residences
Logistics
Saudi’s THC expands fleet, announces new purchase at Dubai Airshow
Delivery of H125 aircraft modified for aerial operations also completed
Economy
$350 million to support developing countries in Riyadh Expo 2030
Kingdom is committed to providing equal opportunities to all participating countries
Saudi Arabia
Saudi fostering AI excellence by launching International Center for Research and Ethics
Center aims to enhance competencies, develop legislative frameworks in the AI field
Saudi Arabia
Saudi telecommunications companies record profits of $1.5 billion
Driven by increase in subscriptions and digital bank initiatives
Industry
Saudi raises mining sector’s GDP contribution target to $80 bn
Kingdom to host the Future Minerals Forum in January, 2024
Economy
Saudi-African summit kicks off today with multi-million dollar development projects for Africa
$20 bn trade turnover recorded in 2023
Economy
Saudi Arabia Economy: Know about trillion dollar economy
The Kingdom is set to remain in the trillion-dollar club through 2026
Economy
Saudi boosts bid to become region’s corporate hub
More than 180 companies granted licenses to operate in the kingdom
Economy
Saudi foreign direct investment flows have doubled since 2015
Kingdom’s FDI balance reaches $207 billion
Industry
Saudi explores potential $250 mn investment in Chinese automotive market
PIF contemplates $3 bn purchase of Shanghai-based Human Horizons
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