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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Saudi Arabia
Economy
Saudi Arabia’s non-oil economy reaches 50 percent of real GDP
Private investment and robust exports drive record-breaking expansion
Industry
Investments in 11,670 Saudi factories reach $410 trillion by January
A total of 152 new industrial licenses were issued in January
Economy
Housing costs propel Saudi Arabia’s inflation to 1.8 percent in February
Subcategory prices for housing, water, electricity, gas, and fuels rose 8.5 percent YoY
Economy
Booming hospitality, transport, and arts sectors fuel Saudi Arabia’s business growth in 2023
The ministry of commerce reported an increase in commercial registrations across various sectors
Economy
Saudi Arabia’s PIF inches closer to $1 trillion in assets
Strategic acquisitions and diversification drive growth trajectory
Real Estate
Construction begins on Al-Urubah Park, Riyadh’s largest green space project
More than 600,000 trees and shrubs will be planted, covering 65 percent of the park area
Economy
Saudi Arabia’s non-oil activity increases by 4.4 percent in 2023
Despite decline in oil production, diverse industries foster growth in the kingdom
Miscellaneous
Saudi ministries boost job opportunities with 35 percent localization in dental professions
The new resolution will apply to private sector establishments that employ three or more workers in dental professions
Logistics
Saudi Arabia, China Eastern Airlines forge strategic partnership for new air route
China Eastern Airlines will operate the route using an A330-200 aircraft, providing an annual capacity of 35,880 inbound seats
Industry
Saudi Arabia’s industrial production index up 0.3 percent in January on mining and quarrying
Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024
Energy
Saudi Aramco posts second highest ever net income of $121.3 billion in 2023
Total dividends paid rises 30 percent year-on-year
Industry
Saudi Arabia’s Ceer awards $1.3 billion contract for EV manufacturing complex
Saudi Arabia's first EV brand advances Vision 2030 with state-of-the-art facility
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