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![Five Saudi cities shine on IMD Smart City Index 2024: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Smart cities in the Kingdom have relied on AI and IoT technologies to enhance quality of life
![Arab Monetary Fund optimistic about UAE’s economic outlook, forecasts 6.2 percent growth in 2025](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
The report noted strong performance in the fuel and tourism sectors
![Saudi Arabia reveals designs for world’s tallest sports tower in Riyadh](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The tower stands tall at 130 meters, encompassing 84,000 sqm of world-class facilities
![E-commerce in Saudi Arabia sees 17.47 percent surge with 40,697 new records in Q2 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Riyadh topped the regions in Saudi Arabia for issuing e-commerce records, with 16,535 commercial records
![Saudi real estate sector contributes 5.9 percent to GDP, hits $169.5 billion in transactions](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The sector recorded more than 280,000 transactions since the beginning of 2024
![Saudi hospitality revenue to rise 7.5 percent in next 4 years, fueled by tourism and Vision 2030](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The GCC hospitality sector's revenue is expected to reach $48.1 billion by 2028
![Residential Q1 sales transactions up by 77 percent year-over-year in Riyadh](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Prime office rents in Riyadh rose 14.5 percent, while Grade A and B rents increased 11.8 percent and 10.3 percent
![Saudi Arabia’s King Khalid airport tops GACA rankings: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
GACA report assesses 11 operational performance standards to enhance services and traveler experiences
![Saudi Arabia set to launch new air carrier later this year: GACA Vice President](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030
![Future Aviation Forum 2024 seals 47 agreements worth $19 billion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The Saudi aviation sector contributed $53 billion to the country's economy and supported around 958,000 jobs nationwide
![Aviation sector contributes $53 billion to Saudi GDP: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector
![Riyadh Air, AlUla partner to promote Saudi Arabia’s tourist attractions globally](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Riyadh Air to contribute $20 billion to the kingdom's non-oil GDP
![Saudi Arabia’s flynas to broaden UAE network, add flights to DWC, Abu Dhabi, Sharjah](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
With this expansion, the number of routes connecting Saudi Arabia and the UAE will increase to nine
![Retail tourism: How shopping drives economic activity](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20614'%3E%3C/svg%3E)
Dubai and Riyadh are notable global shopping destinations
![IHG thrives in the Middle East’s booming travel and tourism market](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20614'%3E%3C/svg%3E)
Leading hospitality brand to open 70 hotels in the region in the next few years
![WEF Special Meeting: Tourism plays key role in boosting growth, says economy minister Al Marri](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Tourism sector is expected to contribute $15.5 trillion to the global GDP by 2030
![Saudi Arabia to host 28th World Investment Conference from November 25 to 27](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Conference positions Saudi Arabia as global investment hub, promotes its promising business environment
![WEF Special Meeting: UAE has doubled renewables capacity, says minister Al Mazrouei](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
UAE has allocated AED200 billion to clean energy projects locally until 2030
![WEF Special Meeting: Developing human capital must be the focus for investment](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Collaborative effort is needed to address the energy trilemma of security, equity and sustainability
![IMF establishes new regional office in Saudi Arabia, hosts joint conference on industrial policy for diversification](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20680'%3E%3C/svg%3E)
The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
![Riyadh airport introduces e-passport gates at two terminals](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
First airport in Saudi Arabia to implement biometric e-passport scanners
![Saudi Arabia’s greenfield FDI inflows surge over two-fold to $28.78 billion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This figure surpassed the previous peak of $17.57 billion in 2018
![Saudi Arabia’s airports excel in complaint resolution: GACA reports near-perfect performance in February](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
King Khalid International Airport topped international terminals with over 6 million passengers annually
![Saudi Arabia’s Red Sea Global: Further resorts including Nujuma, a Ritz-Carlton Reserve to open in 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The developer opened doors to first guests at The Red Sea destination in 2023