Vision 2030

Saudi Arabia’s entertainment sector to create 450,000 jobs by 2030: Report

The sector reported several record highs in the last five years, including attracting over SAR1 billion in total revenues and over 75 million event attendees

Global spending on AI reaches over $120 billion in 2023: SDAIA

SDAIA Director of National Information Center noted that over 72 percent of organizations use AI for operational excellence

flynas to launch three direct flights between Madinah and Cairo’s Sphinx airport

flynas connects Egypt to Saudi Arabia with more than 120 weekly direct flights from five Saudi cities

Abu Dhabi’s TAQA, JERA and Al Bawani to develop two new highly efficient power plants in Saudi Arabia

These agreements will enable two new CCGT projects in Saudi Arabia with over 3.6 gigawatts capacity 

Cityscape Global 2024 concludes with over $61 billion in real estate transactions

Event attracted over 172,000 visitors and hosted more than 400 exhibitors, including some of the biggest local and global companies

How are UAE, Saudi Arabia leading way in sustainable tourism?

Despite the clear benefits of sustainable tourism, several challenges and barriers hinder its implementation 

Cityscape Global 2024 reveals $3.36 billion worth of new projects, strategic agreements

More than $3.2 trillion AUM in Real Estate Assets represented during Cityscape Global

Saudi Arabia’s NEOM appoints partners for first phase of The Line

Starting in early 2025, several architects will undertake the planning and design of the neighborhoods within phase one

Cityscape Global 2024 kicks off in Riyadh to showcase real estate sector’s latest trends

This year’s Cityscape Global Institutional Investor Program promises to unlock regional and global opportunities, particularly in Saudi Arabia

Air Arabia launches Sharjah-Yanbu flights, bringing UAE-Saudi routes to 12

The new route underscores carrier’s swift growth throughout the Kingdom as tourism and business travel climb 

stc Group’s tali ventures leads $10 million investment in Series B funding for NorthLadder

This funding round was spearheaded by tali ventures, with additional contributions from the Dutch Founders Fund and Crescent Ventures

FII8: Non-oil GDP now represents 52 percent of Saudi economy, Aljadaan says

The Minister noted that women's participation in the workforce has reached 35 percent, surpassing the vision's target of 30 percent 

FII8: stc Group joins hands with three new partners for Sustainability Champions program

The Group further reinforces its commitment to sustainability, connectivity, and technological advancement at FII8

FII8: Saudi Arabia strengthens framework for high-integrity carbon markets to achieve national emission reduction targets

Strategic collaboration between the Regional Voluntary Carbon Market Company, Clean Development Mechanism Designed Authority

FII8: PIF and Google Cloud to launch global AI hub in Saudi Arabia to support ICT goals, foster tech partnerships

This partnership grants customers access to Google Cloud’s technology, boosting growth and AI delivery 

FII8 conference explores geoeconomics and future investments

Highlighting the need for investment, development support, and strong legal frameworks to attract international investors 

stc Group inks strategic partnership with Future Investment Initiative Institute, 8th annual conference

stc Group will be participating in the panel session titled 'Is I.T. Infrastructure One-Size-Fits-All?'

Saudi Arabia’s real estate price index rises 2.6 percent in Q3 2024, fueled by residential and commercial growth

The residential sector was the main contributor to this overall increase, experiencing a 1.6 percent annual growth

NEOM opens Sindalah: A new luxury travel destination in the Red Sea

Set to welcome up to 2,400 guests per day by 2028, the unique island will generate around 3,500 jobs

Seamless Saudi Arabia 2024: Mastercard’s new infrastructure aims to support a secure digital payments ecosystem in Kingdom

This infrastructure and tailored services will enable secure, efficient processing of local ecommerce transactions

Saudi Aramco CEO advocates for revised energy transition plan addressing Asia’s needs

He noted that Asia and the Global South are often overlooked in transition plans, impacting the world 

Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange

The collaboration areas include yacht and marine passenger transport, plus passenger ferries