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Saudi Arabia
Logistics
SAR launches Dream of the Desert train service in Saudi Arabia, first in MENA
$53 million deal with Italian Arsenale Group to introduce luxury train ride
Saudi Arabia
Saudi Arabia’s National Biotechnology Strategy launched with a projected cumulative GDP impact of $34.66 bn
Strategy seeks to localize vaccine manufacturing, protect the environment
Banking & Finance
Saudi company bolsters AI presence with $5 million investment in OpenAI
Through a private stock sale round of OpenAI employee shares tender offer
Markets
UAE leads GCC with IPO proceeds of $6.07 bn in 2023
GCC countries witnessed 46 issuances with total proceeds worth $10.79 billion
Economy
Saudi Arabia tops GCC ranking in Statistical Performance Index: World Bank
Jumping 25 places
Real Estate
Saudi nationals employed in real estate surge 116 percent
Saudi citizens working in the private sector reached 2.3 million in 2023
Logistics
Saudia’s operational performance grows 21 percent in 2023
National flag carrier achieves significant growth through strategic enhancements and international expansion
Hospitality & Tourism
Saudi Arabia aims for 150 million visitors by 2030, eyes $200 billion boost to economy
Tourism sector's contribution to the GDP increased by 4.5 percent year-on-year
Energy
Crude exports surge in Saudi Arabia, reaching five-month high
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
Markets
Saudi Arabia’s PIF bonds received $20 billion in subscriptions
Bond issuances in emerging markets gain new momentum
Saudi Arabia
Aramco forms $3.3 billion joint alliance for LNG project in Saudi Arabia
Al-Riyas project expected to boost Saudi economy and job creation
Logistics
SAR achieves 55% growth rate in passenger numbers in 2023
Number of passengers on Saudi Railways trains exceeded 11.2 million last year
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