Saudi Arabia

UAE President, Saudi Crown Prince meet to discuss close bilateral ties

The Crown Prince congratulated the UAE President on 53rd Eid Al Etihad

Saudi Arabia’s expenditure on research and development surges by 17.4 percent to $6 billion

The workforce in the R&D field increased by 12.2 percent, bringing the total number of employees to 49,337

EFG Hermes advises on Maarif Education’s landmark acquisition of Ibn Khaldoun Education in Saudi Arabia

This complex transaction stands as one of the most substantial investments to date in Saudi Arabia’s private K-12 education sector

Saudi Arabia sees 27 percent surge in incoming tourists over 9 months, says tourism minister 

By the end of 2023, tourism contributed 5 percent to GDP, with a goal of reaching 10 percent by 2030

Saudi Arabia attracts 2.5 million tourists to 80 global sporting events

Vision 2030 seeks to increase the sporting sector’s contribution to the Kingdom's GDP to $4.8 billion by 2030

Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister

Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025 

AROYA Cruises redefines luxury travel in Saudi Arabia with inaugural voyage on December 16

It features 1678 cabins, 20 entertainment outlets, 29 restaurants and bars, and the highest shopping mall coverage of any cruise line in the world 

Saudi Arabia approves FY2025 budget, forecasts $315.2 billion in revenues

The approved state general expenditures amount to SAR1.285 trillion ($342.07 billion)

Saudi Arabia sets world record for largest food cluster with $5.3 billion investment to create 43,000 jobs by 2035

Over the next ten years, the Jeddah Food Cluster is expected to contribute SAR8 billion to national exports and add SAR7 billion to the nation's GDP

Saudi Arabia tops Arab region in quality infrastructure rankings, climbs 25 spots globally

The Kingdom ranked 20th globally in the Quality Infrastructure for Sustainable Development Index (QI4SD) 2024

Riyadh Season draws 8 million visitors so far, setting new record

This growth stems from the diverse events and entertainment options that have sparked significant interest

Saudi Arabia’s entertainment sector to create 450,000 jobs by 2030: Report

The sector reported several record highs in the last five years, including attracting over SAR1 billion in total revenues and over 75 million event attendees