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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Saudi Arabia
Hospitality & Tourism
ARDARA’s AlWadi unveiled: $5.06 bn potential boost to Saudi’s economy by 2030
Embracing Aseer's rich heritage in a sprawling 2.5 mn sqm destination
Hospitality & Tourism
Red Sea Global unveils ambitious Al Wajh Airport revamp
Renovation effort to enhance regional connectivity and tourism prospects
Economy
Glowing beauty industry: Saudis, top buyers of cosmetic products
Growth attributed to young population
Saudi Arabia
stc’s innovations in LEO satellite technology is revolutionizing global connectivity
Bridging the digital gap
Economy
Saudi Arabia Economy: PIF’s Biggest Investments By Value
Sovereign wealth fund's 2022 assets valued at roughly $620 bn
Energy
ACWA Power achieves financial closure for ten $14 bn projects
Including renewable energy, desalination and green hydrogen
Health
Saudi launches first oncology pharmaceutical plant
Kingdom unveils three new factories in the pharma, food sectors
Saudi Arabia
Saudi’s RVCMC to launch carbon credit exchange early next year
Part of startup’s efforts to ramp up carbon abatement projects
Health
Hanan Balkhy: Pioneering as the first Saudi woman appointed as WHO Regional Director
She will assume her duties in the countries of the Eastern Mediterranean region as of Feb. 1, 2024
Hospitality & Tourism
Saudi Arabia launches first seaplane company Fly Red Sea
Will transport guests to popular Red Sea resorts
Markets
EFG Hermes successfully completes advisory on $1.219 bn IPO of ADES on Tadawul
Second Saudi Exchange IPO advisory for the investment bank franchise
Real Estate
Saudi Arabia Economy: Homeownership Trends You Should Know
Homeownership rates hover around 67 to 68 percent
Saudi Arabia
stc Group, Diriyah Company form strategic partnership for smart heritage transformation
Partnership to establish a smart infrastructure with integrated futuristic technologies
Hospitality & Tourism
flynas launches 4th Operations Base at Madinah Airport
Reveals its new network of destinations
Logistics
Saudi issues 83,000 commercial registers during Q3
Total records exceeded 1.371 mn
Saudi Arabia
MENA Climate Week 2023: Prince Abdulaziz bin Salman calls for success of UAE’s COP28
Saudi Minister underscored significance of oil and gas sector
Saudi Arabia
Innovative towers: stc group’s subsidiary TAWAL blends tech and nature in ALUla
Company driving digital transformation, preserving heritage in ALUla
Saudi Arabia
Dubai-based entertainment startup HyperSpace secures $55mn Saudi funding
To expand with House of Hype, Dubai's ultimate entertainment experience
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
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