Saudi Arabia

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 

GCC manages 38 percent of global SWF assets in 2024, Mubadala leads investments

SOIs could collectively reach $60 trillion in 2025 as GCC nations progress toward their economic visions

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

Saudi women’s labor force participation hits 36.2 percent in Q3 2024

Among Saudi nationals, the labor force participation grew by 0.7 percentage points in Q3 2024, reaching 51.5 percent

Saudi Arabia’s public investment funds assets jump 37 percent to $42.6 billion at end of Q3 2024

The subscriber count saw a remarkable increase of 51 percent, translating to nearly 528,000 additional subscribers

British explorer to embark on historic foot journey across Saudi Arabia on January 1

The expedition will span a 2,500 kilometers over the course of five months

Saudi Arabia’s net FDI inflows rise 37 percent to $4.26 billion in Q3 2024

Net FDI inflows declined 24 percent year-on-year from SAR21.1 billion during the third quarter of 2023

Red Sea International Airport welcomes first flynas flight from Dammam

This marks the first direct link between the Eastern Region and the Red Sea destination

Saudi Arabia’s Riyadh Season 2024 attracts 13 million visitors since October

Riyadh Season this year started off strong, drawing an impressive two million visitors within just one week of its launch