Economy Middle East

Saudi Arabia

Saudi Arabia closes February sukuk issuance at $2.09 billion
Markets

Saudi Arabia closes February sukuk issuance at $2.09 billion

Issuance was divided into three tranches

Four Saudi cities ranked in the ‘Smart Cities Index’ in 2023
Saudi Arabia

Four Saudi cities ranked in the ‘Smart Cities Index’ in 2023

Kingdom aims for 10 Saudi cities in top 50 global rankings

Red Sea Global secures $533 mn financing deal for luxury hotel on Shura Island
Hospitality & Tourism

Red Sea Global secures $533 mn financing deal for luxury hotel on Shura Island

Investment bolsters Saudi Arabia's tourism sector, supports Vision 2030

Boeing confirms establishing regional HQ in Saudi Arabia
Logistics

Boeing confirms establishing regional HQ in Saudi Arabia

Move reflects Saudi Arabia's growing influence in aviation sector

SAR records over 10 percent growth in cargo transport in 2023
Logistics

SAR records over 10 percent growth in cargo transport in 2023

Partnership agreements forge path for enhanced logistics and industrial development

stc Group partners with iBASIS to boost IoT connectivity in MENA
Saudi Arabia

stc Group partners with iBASIS to boost IoT connectivity in MENA

Enhancing global communication and driving digital transformation in the region

PIF Private Sector Forum strengthens economic vision through strategic partnerships
Economy

PIF Private Sector Forum strengthens economic vision through strategic partnerships

Event concludes with commitment to Saudization and private sector empowerment

Diriyah project attracts $6 billion in private sector investments
Hospitality & Tourism

Diriyah project attracts $6 billion in private sector investments

Company to break ground on 11 new assets by the end of 2024

Xaynor: A luxurious beachfront retreat in NEOM
Hospitality & Tourism

Xaynor: A luxurious beachfront retreat in NEOM

An exclusive getaway on the pristine Gulf of Aqaba coastline

Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Hospitality & Tourism

Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward

Deals were signed during PIF Private Sector Forum

PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content
Saudi Arabia

PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content

Agreements align with the objectives outlined in Vision 2030

Saudi Arabia’s traded shares exceed $52 billion in January
Markets

Saudi Arabia’s traded shares exceed $52 billion in January

Despite global uncertainties, Saudi stock indexes reflect stability and growth