Saudi Arabia

27 million tourists visited Saudi Arabia, spent $26.66 billion in 2023

Kingdom aims to attract 150 million domestic and 70 million international tourists

Saudi Arabia launches National Automotive and Vehicles Academy, establishes Automotive Manufacturers Association

Training program to produce qualified staff for local car manufacturing companies

Saudi Arabia’s tech firm ‘Alat’ names Amit Midha as global CEO

Collaboration with leading corporations to innovate and revolutionize industries

EFG Hermes concludes advisory on Kazyon’s acquisition of 50 percent stake Dukan in Saudi Arabia

Following collaboration in Kazyon's $76.5 million capital raise/private placement in 2014

Saudi Arabia achieves $16 billion budget surplus in Q4 2023

Due to 40.7 percent YoY decline in government expenditures

Saudi Arabia maintains A++ rating with stable outlook: Fitch

Classification reflects Kingdom's robust external financial strength

Saudi Arabia’s PIF launches today second private sector forum, unveiling new local business opportunities

Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector

MENA IPO market soars with 48 IPOs in 2023, reaping $10.7 billion

Energy and logistics sectors lead as MENA continues to attract global investments

Saudi Arabia’s non-oil sector grows, PMI records 55.4 in January

Economic expansion continues amid inflationary pressures and supply chain risks

stc users exceed 16 million following Riyadh Season launch

stc's continued investments are reflected in the volume of 5G network use

Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030

New company to help turn Kingdom into electronics, advanced industries hub

GCC banks to prove resilient in 2024 amid geo-economic challenges: S&P Global

Robust capitalization and profitability to uphold GCC banks, despite emerging risks

Saudi Arabia to host historic COP16 in Riyadh

Strengthening international efforts to reduce land degradation and desertification

Saudi Arabia’s non-oil sector grew 4.6 percent in 2023

Report highlights economic diversification efforts and the impact of OPEC+ decisions on GDP

Saudi Arabia’s sukuk, bond issuances reach $202 bn in Q4 2023

Kingdom attracts Saudi investors, advances capital market, and maintains fiscal stability

Red Sea Global pioneers sustainable transportation with low-carbon SAF policy

Company's entire fleet of onshore vehicles now run on electricity or SAF

Saudi Arabia bids to host World Water Forum in 2027

Underscoring Kingdom’s interest in sustaining water resources, improving the quality of life