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Saudi Arabia
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
Logistics
SAR launches Dream of the Desert train service in Saudi Arabia, first in MENA
$53 million deal with Italian Arsenale Group to introduce luxury train ride
Saudi Arabia
Saudi Arabia’s National Biotechnology Strategy launched with a projected cumulative GDP impact of $34.66 bn
Strategy seeks to localize vaccine manufacturing, protect the environment
Real Estate
NHC launches Eyal Sadayem community project in Jeddah
The new project includes 390 villas and townhouses
Banking & Finance
Saudi company bolsters AI presence with $5 million investment in OpenAI
Through a private stock sale round of OpenAI employee shares tender offer
Economy
Saudi Arabia tops GCC ranking in Statistical Performance Index: World Bank
Jumping 25 places
Real Estate
Saudi nationals employed in real estate surge 116 percent
Saudi citizens working in the private sector reached 2.3 million in 2023
Logistics
Saudia’s operational performance grows 21 percent in 2023
National flag carrier achieves significant growth through strategic enhancements and international expansion
Real Estate
Saudi Arabia’s NHC launches Rakaez program, promotes local content
The initiative has four developmental goals
Hospitality & Tourism
Saudi Arabia aims for 150 million visitors by 2030, eyes $200 billion boost to economy
Tourism sector's contribution to the GDP increased by 4.5 percent year-on-year
Energy
Crude exports surge in Saudi Arabia, reaching five-month high
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
Markets
Saudi Arabia’s PIF bonds received $20 billion in subscriptions
Bond issuances in emerging markets gain new momentum
Saudi Arabia
Aramco forms $3.3 billion joint alliance for LNG project in Saudi Arabia
Al-Riyas project expected to boost Saudi economy and job creation
Logistics
SAR achieves 55% growth rate in passenger numbers in 2023
Number of passengers on Saudi Railways trains exceeded 11.2 million last year
Economy
Saudization of engineering professions: 25 percent implementation effective from July 21, 2024
Applies to all private sector establishments employing five or more engineers
Economy
Davos 2024: Saudi Arabia concludes WEF participation with landmark agreements and announcements
April 2024 meet to focus on cooperation, growth, and energy
Hospitality & Tourism
Saudi Arabia’s tourism soars: UNWTO reports 156 percent recovery in tourist arrivals during 2023
Only Middle East region surpassed 2019 tourism levels with impressive growth
Real Estate
Azizi Developments starts construction of $1.5 billion Dubai tower, potentially the world’s second tallest
Tower development to reach completion in 4-year timeframe
Economy
Davos 2024: Saudi Arabia’s non-oil economy grew 20% since 2016
Kingdom calls for greater integration in the Middle East
Economy
Davos 2024: Saudi Arabia to host World Economic Forum meeting in April
Saudi evaluating BRICS membership as UAE confirms acceptance
Saudi Arabia
Davos 2024: Saudi Arabia partners with WEF’s UpLink to drive sustainable solutions
Commitment to sustainability strengthens global collaboration and innovation
Economy
Saudi Arabia’s victory over inflation: The winning formula revealed
Kingdom’s inflation control success continues for second year, outperforming peers
Saudi Arabia
stc dominating Middle East and top 150 global brands with $13.9 billion value
Unprecedented success in 2023, notable advancements in digital infrastructure
Economy
Davos 2024: Saudi Economy and Planning Minister Faisal Alibrahim touts economic diversification
Highlighting the role of Public Investment Fund
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