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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Vision 2030
Markets
Saudi Arabia set to increase assets under management to 29.4 percent of GDP by 2024
The Kingdom surpassed 2023 targets with 216 fintech companies in operation and the launch of two digital banks
Economy
Saudi Arabia’s real GDP grows 1.3 percent in Q1 of 2024
In Q1, Saudi Arabia's non-oil activities saw a 2.8 percent annual increase
Economy
Saudi Arabia to host 28th World Investment Conference from November 25 to 27
Conference positions Saudi Arabia as global investment hub, promotes its promising business environment
Hospitality & Tourism
NEOM secures $2.67 billion revolving credit facility for development projects
Financing boosts ongoing development endeavors and short-term financing requirements
Miscellaneous
Saudi Arabia’s cinema revenue soars to over $986 million in just six years
Currently, Saudi Arabia has 66 movie theaters with approximately 618 screens and 63,373 seats
Industry
$410 billion in investments propel Saudi Arabia’s mining sector growth
$2.5 trillion in mineral wealth support Saudi Arabia's diversification efforts
Industry
Saudi MODON attracts investments worth $3.85 billion in 2023: Report
MODON received the "Most Attractive Destination for Investments Award" in 2023
Industry
Mohammed Al Naimi, CEO of ACT Group, on Saudi Arabia’s evolving industrial landscape
Vision 2030 propels industrial sector through mega projects
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
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
Hospitality & Tourism
Saudi Arabia sets ambitious goal to rank among top 10 global tourism destinations in 2024
The Kingdom currently holds 940,000 jobs in the tourism and hospitality fields
Hospitality & Tourism
Saudi Arabia’s Sharaan Resort project at AlUla begins
Upon completion, the resort will feature 38 suites carved into the sandstone mountains of AlUla
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