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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Saudi Arabia
Economy
Moody’s: Non-oil sector to maintain strong contribution to Saudi GDP
Leisure and tourism key for economic diversification
Hospitality & Tourism
Saudia considers selling bonds to acquire aircraft
Airline to expand fleet to 317 by 2030
Economy
Saudi to spend $175 bn annually on industrial and mega projects: Report
Ongoing projects like NEOM and Red Sea resorts have combined value of $1.3 trn
Miscellaneous
Saudi’s bid to host the 2034 FIFA World Cup ignites competition for prestigious tournament
Morocco, Spain, Portugal: Joint hosts for 2030 World Cup
Energy
OPEC+ holds oil policy steady, Saudi and Russia extend voluntary cut
Market analysis planned as Russia considers oil production assessment
Hospitality & Tourism
PIF’s ambitious plan: Jeddah’s Al Balad to thrive as global tourist destination
The Fund establishes Al Balad development company to promote the historic district
Hospitality & Tourism
Saudi Arabia records 58 percent surge in tourist arrivals
Riyadh recently hosted World Tourism Day
Hospitality & Tourism
flynas takes delivery of five Airbus A320neo aircraft in a month
Upscaling the fleet to 56 planes
Economy
Saudi private sector shows recovery with surge in output, new orders
Riyad Bank Saudi Arabia Purchasing Managers' Index rose to 57.2
Banking & Finance
Saudi to increase expenditure to SAR1.262 bn this year
Kingdom forecasts a 4.4 percent GDP growth in 2024
Economy
Women own 40 percent of Saudi startups, signals thriving economy
Workforce participation has also doubled
Saudi Arabia
Saudi honors winners of Global Prize for Innovation in Desalination
105 innovators participated from 27 countries
Energy
Aramco acquires minority stake in MidOcean Energy worth $500,000
Aramco has been stepping into other energy businesses
Saudi Arabia
Lucid reveals state-of-the-art facility for 155,000 EVs in Saudi Arabia
Facility to assemble 5,000 high-quality vehicles annually
Energy
Saudi Aramco sees China as an important market for decades to come
Profits in the three months to end of June up 90 percent to $48 bn
Saudi Arabia
Saudi tops global crypto growth volume with $31 bn in transactions in 1 year
A 12 percent surge in crypto volume between 2022 and 2023
Saudi Arabia
Saudi to build nuclear power plant as part of atomic energy project
Plans for regional cooperation center also revealed
Markets
Saudi’s SAL $678 mn IPO receives strong investor demand in Riyadh
Order books were fully subscribed across the price range within a few hours
Hospitality & Tourism
Saudi launches new tourist destination targeting 2 million visitors annually
"Soudah Peaks" project is built on the highest mountain peak in Kingdom
Hospitality & Tourism
Saudia wins world class title at World APEX Awards 2024
For third year in a row
Economy
Saudi Arabia’s capital market outperforms 2022 targets
Number of listings was 204 percent higher than the goal
Banking & Finance
In Saudi, loans secured via crowdfunding reach $206 mn in 2022
A nearly triple increase from 2021
Economy
Saudi GDP passes $1.1 trn, tops G20 nations
Kingdom economy achieved remarkable 8.7 percent growth rate
Hospitality & Tourism
Six ministers address the world from Riyadh at World Tourism Day celebration
Guterres: We must uharness the full potential of sustainable tourism
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