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Economy Middle East Summit
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Saudi Arabia
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
Economy
IMF revises Saudi Arabia’s economic growth forecast: 2.7 percent in 2024, 5.5 percent in 2025
Kingdom's economy achieved a growth rate of 8.7 percent in 2022
Real Estate
Off-plan residential offerings can help bridge the gap of 1.5 million housing units in Saudi Arabia: PwC
Building greater buyer trust, educating developers key to scale up demand
Markets
Saudi Arabia’s sukuk, bond issuances reach $202 bn in Q4 2023
Kingdom attracts Saudi investors, advances capital market, and maintains fiscal stability
Health
Saudi Arabia boosts local drug production with 4 key agreements
Agreements mark significant step towards health and pharmaceutical security
Saudi Arabia
Riyadh to host Global Smart City Forum: Shaping the future of urban development
From February 12-13
Energy
Saudi Arabia’s Aramco to stick with 12 million barrels per day production capacity
Upon receiving a directive from the ministry of energy
Saudi Arabia
Red Sea Global pioneers sustainable transportation with low-carbon SAF policy
Company's entire fleet of onshore vehicles now run on electricity or SAF
Saudi Arabia
Saudi Arabia bids to host World Water Forum in 2027
Underscoring Kingdom’s interest in sustaining water resources, improving the quality of life
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