Saudi Arabia

STC Bank to launch full banking operations in Saudi Arabia: SAMA

STC Bank will provide several financial products and solutions that will contribute to elevating banking services

Saudi Arabia’s maritime transport sector achieves 6.4 percent growth, 20th global ranking in 2024

The authority emphasized the crucial role of over 2,000 certified Saudi seafarers in advancing the sector

Saudi Arabia’s PIF announces pricing of $4 billion bond offering

Offering was four times oversubscribed, with an order book of approximately $16 billion

Dream of the Desert: Unveiling Saudi Arabia’s first five-star luxury train

The train features 14 carriages with 34 luxury suites for an exclusive traveler experience

stc secures $8.7 billion contract with government entity for telecom infrastructure services

The contract lasts 18 months for execution, followed by 15 years of operation

NEOM secures $3 billion financing facility with Italy’s SACE to support key projects

Deal marks NEOM's first corporate ECA financing and the largest untied financing ever guaranteed by SACE

Saudi Arabia permits foreign investment in Makkah, Madinah real estate

The ownership of natural and legal persons jointly who do not hold Saudi nationality shall not exceed 49 percent of the company's shares

Saudi Arabia Crown Prince, Italy Prime Minister ink agreement to establish Saudi-Italian Strategic Partnership Council

Saudi-Italian high-level roundtable resulted in the signing of 26 memoranda of understanding across key industries

Alibrahim says Saudi Arabia’s $600 billion pledge to U.S. to include investments, procurement

"What we'll spend in the economy from the start of Vision 2030 to 2030 is 12 times that number," Alibrahim said

Saudi Arabia to host regular global WEF meetings starting Spring 2026

Last year, the WEF special meeting in Saudi Arabia focused on global collaboration, growth and energy

Davos 2025: Three new centers for Fourth Industrial Revolution announced

The upcoming centers in Muscat, Pretoria and Riyadh will tackle critical global challenges with innovative solutions

WEF 2025: Saudi Arabia’s services trade hits $144 billion with 7 percent annual growth

The services sector represents approximately 65 percent of the world’s GDP

Saudi Arabia achieves record 178 venture capital deals in 2024, retains top rank in MENA region

E-commerce dominated with 33 percent of total funding with a value of $247 million

WEF 2025: Saudi Arabia targets 70 million annual tourists and top seven ranking by 2030, says minister

The Kingdom saw a record influx of nearly 30 million international tourists last year

Saudi Arabia’s Diriyah Company marks first participation at WEF 2025, leads urban development discussion

The participation supports the WEF 2025 theme “Collaboration For The Intelligent Age”

Saudi Arabia to see 3.5 to 4.5 percent growth in construction as Europe eyes gradual recovery: Report

Infrastructure projects and government-led construction will drive growth in tourism and leisure sectors

Saudi Arabia to invest $600 billion in U.S. over four years, says Crown Prince

Prince Mohammed noted the U.S. administration’s ability to create unprecedented economic prosperity and opportunity through anticipated reforms

Davos 2025: Saudi Arabia calls for nations to put “greater good” first

Saudi Arabia called on the international community to prioritize cooperation and dialogue to overcome challenges

Saudi Aramco CEO anticipates 1.3 million barrels per day increase in oil demand this year

Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million

Saudi Arabia GDP growth rate projected at 4 percent from 2025 to 2027: S&P

Vision 2030 initiatives expected to boost non-oil growth by 10 percent in the Kingdom

Davos 2025: Saudi Arabia spotlights tourism’s critical role in driving global economic growth

Davos 2025 emphasizes Saudi Arabia's dedication to fostering cross-sector partnerships and driving economic growth through tourism

stc Group among world’s top 10 telecom brands and strongest in the Middle East & Africa

The Group remains the most valuable telecom brand in the Middle East & Africa for five years

Saudi Real Estate Price Index Q4 2024: 3.6 percent annual growth driven by residential, commercial sectors 

Findings indicated a 5.0 percent rise in commercial property prices for the quarter

Saudi Q4 2024 Consumer Report: Over 200,000 inspections conducted to protect consumers 

The report outlined measures to combat commercial fraud, managing over 150,000 complaints