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Total tourism spending reaches SAR150 billion
Phase 1 targets 600,000 tons per year of green ammonia
AI-powered platform ensures precise data verification, efficiency
Efforts fall under Financial Sector Development Program
Kingdom is building an attractive hub for business and tourism
Operation to commence by Q2 2026
SAR5 mn minimum capital requirement
Saudi Arabia, UAE lead in non-oil sector development
Recent economic reforms fostered country’s openness on foreign investment
Event witnessed the participation of over 6,000 attendees from over 40 countries
Event to witness participation of more than 1,100 delegates from over 35 countries
Conference called for leveraging operational excellence for maximum benefits, knowledge transfer, and updated standards
New company specializes in agri, ecotourism
Knowledge sharing platform for digital transformation, AI in operational excellence
Commitment to enhancing trade cooperation, continuity of joint efforts emphasized
Non-oil GDP grew by 5.9 percent in 2023
PMI recorded 57.5 in November
200+ companies already attracted to relocate headquarters to the Kingdom
Russia to tighten oil restrictions in early December
Non-oil revenue and female labor force participation saw robust results
Saudi expected to extend supply cuts
Delivery of H125 aircraft modified for aerial operations also completed
Red Sea Global executive highlights need to cultivate the leaders of tomorrow
Committed to reducing carbon footprint and supporting Saudi’s tourism industry
