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Economy Middle East Summit
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Saudi Arabia
Economy
IMF revises Saudi Arabia’s economic growth forecast: 2.7 percent in 2024, 5.5 percent in 2025
Kingdom's economy achieved a growth rate of 8.7 percent in 2022
Real Estate
Off-plan residential offerings can help bridge the gap of 1.5 million housing units in Saudi Arabia: PwC
Building greater buyer trust, educating developers key to scale up demand
Markets
Oil prices fall as China’s economic activity weighs on sentiment
But set for monthly gain since September
Markets
Saudi Arabia’s sukuk, bond issuances reach $202 bn in Q4 2023
Kingdom attracts Saudi investors, advances capital market, and maintains fiscal stability
Saudi Arabia
Riyadh to host Global Smart City Forum: Shaping the future of urban development
From February 12-13
Energy
Saudi Arabia’s Aramco to stick with 12 million barrels per day production capacity
Upon receiving a directive from the ministry of energy
Saudi Arabia
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
Saudi Arabia bids to host World Water Forum in 2027
Underscoring Kingdom’s interest in sustaining water resources, improving the quality of life
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
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