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Saudi Arabia
Saudi Arabia
Huawei planning to launch a USD400 mn cloud region in Saudi
The investment aims to boost Kingdom's digital economy
Saudi Arabia
PwC Middle East signs MoU with DGA, IPA, and Flat6Labs
To accelerate innovation in the public sector
Hospitality & Tourism
Ronaldo scores four goals for Saudi’s Al Nassr
Taking his club career total to 500
Real Estate
$90bn project pipeline will give Jeddah real estate a new identity
Infra and urban projects to drive growth
Economy
Saudi Arabia confronts shadow economy with technological advancement
Kingdom’s shadow economy at 15%
Saudi Arabia
stc launches its corporate investment fund
To invest in 9 advanced technological areas, including fintech, cybersecurity
Saudi Arabia
LEAP: Saudi KACST, Lenovo to develop largest computing cluster
Both parties signed MoU on sidelines of LEAP
Markets
Saudi’s PIF receives over USD12 bn in green bond orders
Bonds comprise 3 tranches with tenors of 7, 12, and 30 years
Lifestyle
Love is in the air at Hilton Riyadh Hotel &Residences
Hotel promises a unique experience full of romance
Saudi Arabia
Leap: Microsoft, Saudi could generate USD24 bn from cloud regions
Over the next 4 years
Saudi Arabia
LEAP 23 announces USD9 bn worth of investments
To support future technology and startups
Real Estate
2027 Asian Cup in Saudi Arabia to boost local property market
Market risks must be overcome for long-term benefits
Saudi Arabia
LEAP 2023 sees SAP Cloud-based VMS launched in Saudi
Enabling workforce agility and management
Saudi Arabia
Saudi to build indoor vertical farm, largest in MENA
New farm to produce 1.1 million kg of agricultural crops yearly
Banking & Finance
Ayman bin Mohammed Alsayari appointed Saudi Central Bank governor
He formerly governed SAMA from 2011 to 2016
Hospitality & Tourism
Saudi seeks to attract 100 million visitors yearly by 2030
Many projects in the pipeline, including Hegra and AlUla
Real Estate
New asset classes spring life in Mecca, Medina real estate
Diversification in asset classes underway
Economy
Saudi GDP grew seven straight quarters since pandemic
Posting 5.4 percent in Q4 2023
Energy
Saudi invests hundreds of billions to lead in clean energy exports
Investments also aim to add transport lines and distribution networks
Hospitality & Tourism
flynas launches electronic service for issuing stopover visa for passengers
Validity extends to 3 month
Saudi Arabia
Saudi running tests on CBDC
With local banks, fintechs
Real Estate
Saudi, South Korea partner to construct modular homes in Kingdom
And to explore developing innovative technologies in real estate sector
Economy
Saudi estimates needing $12 billion in financing this year
About two-thirds less than what I borrowed last year
Saudi Arabia
Saudi Arabia bets big on the industrial metaverse
But what is it?
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