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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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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
MENA
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
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
Markets
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
Miscellaneous
$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
Saudi Arabia introduces green financing framework to drive sustainability
Framework reaffirms Saudi Arabia's position as a regional leader in sustainable finance
Miscellaneous
More than 1,200 brands ready for franchising in Saudi Arabia: Report
The Kingdom’s franchising market offers over 10,000 business opportunities
Energy
Saudi Arabia’s ACWA Power inks $800 million deal with Senegal for desalination project
The plant, known as the Grande Côte seawater desalination plant, will have a capacity of 400,000 cubic meters per day
Hospitality & Tourism
Saudi Arabia’s Red Sea international airport set to welcome inaugural flight with flydubai service
New twice-weekly service, operated by flydubai, commences from DXB to RSI on 18 April
Energy
Abu Dhabi’s TAQA, Japan’s JERA to develop greenfield plant in Saudi Arabia
Project leverages advanced technologies and emphasizes sustainability
Economy
Saudi Arabia’s greenfield FDI inflows surge over two-fold to $28.78 billion
This figure surpassed the previous peak of $17.57 billion in 2018
Miscellaneous
Saudi Arabia to lead U.N. forum for women’s rights
The Kingdom's Ambassador Dr. Abdulaziz Al-Wasel becomes first permanent representative to chair committee since 1946
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