Saudi Arabia

Key Saudi players join FII Institute’s roster of strategic partners for FII8

This year’s FII8 activities will culminate in four days of discussion about challenges facing humanity and a full week of side events

Saudi Arabia’s real estate price index rises 2.6 percent in Q3 2024, fueled by residential and commercial growth

The residential sector was the main contributor to this overall increase, experiencing a 1.6 percent annual growth

NEOM opens Sindalah: A new luxury travel destination in the Red Sea

Set to welcome up to 2,400 guests per day by 2028, the unique island will generate around 3,500 jobs

Saudi Arabia seeks stronger partnerships with BRICS countries

Bilateral trade with BRICS countries exceeded $196 billion in 2023, accounting for 37 percent of the Kingdom’s total foreign trade

Saudi Arabia secures $10 billion in private investment for sustainable agriculture

Investment projects include plant production, livestock and fisheries, as well as agricultural processing, manufacturing, and infrastructure development

Oil prices rise amid Middle East tensions and U.S. election uncertainty, recovering previous losses

Brent crude futures increased by 95 cents, or 1.27 percent, reaching $75.91

Seamless Saudi Arabia 2024: Mastercard’s new infrastructure aims to support a secure digital payments ecosystem in Kingdom

This infrastructure and tailored services will enable secure, efficient processing of local ecommerce transactions

Saudi Arabia’s Crown Prince Mohammed bin Salman meets King of Jordan to enhance cooperation

The meeting also saw the participation of Crown Prince Al-Hussein bin Abdullah II

Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions

Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre

Global oil demand to reach over 100 million barrels per day by 2050: Saudi Aramco

CEO noted that Asia's energy transition is lagging, marked by less equity and greater complexity than expected 

Saudi flynas partners with VCM on carbon offsetting, environmental protection, and sustainability

The deal supports the Kingdom's climate ambitions to achieve net zero emissions

Saudi Aramco CEO advocates for revised energy transition plan addressing Asia’s needs

He noted that Asia and the Global South are often overlooked in transition plans, impacting the world 

Saudi Arabia’s PIF launches Sarcc to meet growing staff accommodation demand

Company will foster the Saudi private sector by enabling long-term investment and partnership along the industry's value chain

solutions by stc: Three decades of milestones and achievements

Participating at GITEX Global 2024 in Dubai, solutions by stc is showcasing AI-powered emerging tech deployments across sectors

Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange

The collaboration areas include yacht and marine passenger transport, plus passenger ferries

Gitex Global 2024: Saudi pavilion showcases 40 tech companies

The participation highlights Kingdom's dedication to enhancing the global footprint of its businesses

stc Group’s digital expertise to help develop neutral digital infrastructure for Diriyah project

Diriyah Company will utilize advanced technology and top-tier infrastructure to support the Kingdom's Vision 2030

Riyadh’s Global Health Exhibition to unveil the world’s largest virtual hospital

Exhibit will enable attendees to experience simulated patient scenarios and determine treatment and therapy actions

Saudi Arabia, Oman sign MoU to advance economic resilience and green initiatives

This MoU is designed to facilitate cooperation through the sharing of information, expertise, and research

Cruise Saudi to develop exclusive private Red Sea island for cruise ship tourism

During the initial phase, the island will have the capacity to host up to 2,000 guests

Saudi Arabia-Egypt trade exchange surges 41 percent to $8 billion in H1 2024

Egyptian investments in Saudi Arabia amounted to around $4 billion, involving more than 3,000 companies

Saudi Arabia’s NEOM to build $186.4 million concrete factory for The Line

This advanced concrete facility will use carbon capture and energy-efficient solutions to support THE LINE's construction 

Saudi Arabia launches insurance to protect expats in private sector

Coverage of expatriate workers included in the insurance scheme started on October 6, 2024