Saudi Arabia

Saudi Arabia’s startups raise $198 million in March 2024

Saudi Arabia’s startups raise $198 million in March 2024

SaaS providers dominate region's investment landscape

Business activity in Saudi Arabia rises to 6-month high in March, PMI data shows

Business activity in Saudi Arabia rises to 6-month high in March, PMI data shows

Non-oil private sector saw a decline in cost inflation for the second month in a row

Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation

Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation

Expected financial impact to appear on company's statements starting from Q1 2024

Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts

Saudi Aramco expands Fadhili Gas Plant with $7.7 billion in EPC contracts

This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd

Mohammed Al Naimi, CEO of ACT Group, on Saudi Arabia’s evolving industrial landscape

Mohammed Al Naimi, CEO of ACT Group, on Saudi Arabia’s evolving industrial landscape

Vision 2030 propels industrial sector through mega projects

OPEC oil output dips in March amid voluntary cuts and export challenges

OPEC oil output dips in March amid voluntary cuts and export challenges

Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint

PIF-owned SITE teams up with Korea’s AhnLab for advanced cybersecurity solutions in Saudi Arabia

PIF-owned SITE teams up with Korea’s AhnLab for advanced cybersecurity solutions in Saudi Arabia

SITE will hold a 75 percent stake in the local joint venture to be set up in the Kingdom

76 percent of MENA residents believe living in a smart city would make them happier: Report

76 percent of MENA residents believe living in a smart city would make them happier: Report

Smart and connected buildings and homes emerge as top priorities for MENA residents

Saudi Arabia’s tourism sector sets new record, foreign visitor spending touches $36 billion

Hospitality & Tourism

Saudi Arabia’s tourism sector sets new record, foreign visitor spending touches $36 billion

In 2023, Saudi Arabia led the UN tourism list for the growth rate of international tourists compared to 2019

OPEC Secretary General predicts persistent global demand for oil in the coming decades

OPEC Secretary General predicts persistent global demand for oil in the coming decades

OPEC believes that the oil industry will need approximately $11.1 trillion by 2045

$13.32 million initiative restores 56 heritage buildings in Jeddah historic district

$13.32 million initiative restores 56 heritage buildings in Jeddah historic district

The project primarily targets showcasing the rich heritage of the Historic Jeddah District

Saudi Arabia introduces green financing framework to drive sustainability

Saudi Arabia introduces green financing framework to drive sustainability

Framework reaffirms Saudi Arabia's position as a regional leader in sustainable finance