Saudi Arabia

Four Seasons Hotel Beirut reconstruction announced, reopening in Q1 2026

This initiative aligns with the "new era" in Lebanon after General Joseph Aoun's election as president

eSAMA: Saudi Central Bank launches e-services portal to digitize services

The new platform allows individuals, government entities, and businesses to access services electronically

Halo AI secures $6 million to expand brand creator collaborations beyond Saudi Arabia

The company aims to expand into Dubai and Kuwait, targeting growth in MENA, Europe, and North America

Saudi Ports Authority drives growth in 2024, strengthens Kingdom’s position as global logistics hub

In 2024, Saudi Arabia rose to 15th in global container handling, according to Lloyd’s List

Riyadh Season achieves new high with over 16 million guests

This success stems from diverse offerings like boxing, wrestling, concerts, unique dining, and innovative entertainment zones

New Honeywell cybersecurity services center launches in Saudi Arabia’s Jubail to enhance industrial protection

Honeywell Himaya Center to support Kingdom’s localization and IKTVA goals with advanced cybersecurity solutions

Final exit visa issuance in Saudi Arabia: ID requirements and online application

If a resident's ID is valid for 30 to 60 days, a final exit visa can be issued for the remaining ID validity

PIF invests $200 million in first globally listed Saudi ETF

This move is anticipated to further enrich the Saudi market.

flynas expands Africa network, celebrates first direct flight between Jeddah and Djibouti

Airline started operating three weekly flights between Jeddah and Djibouti, further expanding travel options to and from Africa

Saudi Arabia advances coastal tourism growth with key initiatives in 2024

Authority introduced the first-ever regulatory framework for Saudi yachts in 2024

Saudi Arabia leads MENA’s VC landscape with $750 million funding in 2024

Saudi Arabia set a new record with 178 VC deals last year, solidifying its position as the region's largest economy

Saudi Arabia’s Nice One debuts strong: $320 million IPO soars 30 percent

Shares of the online cosmetics retailer soared to as high as SAR45.5 ($12.1) each

Saudi Arabia’s domestic tourism flourishes in 2024 with 44 percent growth in bookings

While iconic cities such as Makkah, Riyadh and Madinah remain central tourism hubs, emerging destinations are becoming increasingly popular 

AFC Asian Cup 2027 Saudi Arabia: Dates, stadium and participating nations announced

The tournament is set to take place from January 7 to February 5, 2027, in Saudi Arabia

Saudi Arabia issues $12 billion triple-tranche bond, oversubscribed by three times

The total order book reached around $37 billion, which equals an oversubscription of 3 times

Saudi Arabia’s Q4 2024 sees 67 percent rise in commercial registrations, surpassing 160,000

This increase showcases notable growth and advancement in the Kingdom's commercial environment

Saudi Arabia’s GASTAT launches new micro data center for accurate statistical data access

The initiative aims to empower decision-makers through data-driven insights

Diriyah Company launches $310 million substations to power future development

Diriyah and Wadi Safar electricity substations will be operated by Saudi Electricity Company

Saudi PIF completes $7 billion inaugural murabaha credit facility

This financing arrangement is backed by a broad consortium of 20 international and regional financial institutions

Riyadh Metro complete and operational with launch of sixth and final line

This line runs 41 kilometers from Jeddah Road to the Second Eastern Ring Road, parallel to Khashm Al Aan in the east 

Saudi Arabia endorses 2025 annual borrowing plan with $37 billion funding target

This plan outlines key public debt developments for 2024, local market enhancements, and the 2025 funding strategy 

Saudi Arabia trade balance surplus grows 30 percent to $5.5 billion in October 2024

This represents an increase of over $1.06 billion compared to September

Saudi Arabia leads global shift in data and AI in 2024, achieves top ranks in key indicators

Saudi Arabia has achieved first place globally in several areas, including the Government Strategy for AI Pillar