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![Saudia signs $450 million deal with Germany’s Lilium for 50 electric flying taxis](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudia-Lilium.jpg/w=1024,h=682)
Saudia signs $450 million deal with Germany’s Lilium for 50 electric flying taxis
Lilium expects to deliver the first jets to Saudia in 2026
![Saudi Aramco raises $6 billion in high-demand bond offering, attracting $33 billion in orders](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Aramco-bonds-1.jpg/w=1024,h=683)
Saudi Aramco raises $6 billion in high-demand bond offering, attracting $33 billion in orders
The issuance consists of three tranches of dollar-denominated senior unsecured notes under Aramco's global debt program
![Saudi Arabia’s tourism sector sees robust growth in H1, hitting $40 billion in visitor spending](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudi-Arabias-tourism-sector-1-1-1.jpg/w=1024,h=680)
Saudi Arabia’s tourism sector sees robust growth in H1, hitting $40 billion in visitor spending
Saudi Arabia achieved 60 million visits during the first half of 2024
![Saudi Arabia’s crude oil exports rise 2.51 percent to 6.12 million barrels per day: Official data](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudi-crude.jpg/w=1024,h=683)
Saudi Arabia’s crude oil exports rise 2.51 percent to 6.12 million barrels per day: Official data
Crude oil production increased to 8.99 million bpd, reflecting a monthly rise of 0.08 percent
![Saudi Arabia’s logistics sector grows 76 percent in Q2 2024](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudi-Arabia-logistics-sector.jpg/w=1024,h=683)
Saudi Arabia’s logistics sector grows 76 percent in Q2 2024
Saudi Arabia's logistics sector saw a remarkable 48 percent growth in container handling during Q2 of 2024
![Riyadh’s retail space to grow by 28 percent to 4.6 million square meters by 2026: Report](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Riyadh-retail-.jpg/w=1024,h=683)
Riyadh’s retail space to grow by 28 percent to 4.6 million square meters by 2026: Report
E-commerce market in Saudi Arabia expanded by 28 percent to SAR157 billion in 2023
![Saudi Arabia issues 86 industrial licenses worth $587 million in April 2024](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudi-Arabia-industrial-licenses.jpg/w=1024,h=683)
Saudi Arabia issues 86 industrial licenses worth $587 million in April 2024
In April, 67 factories began production with investments reaching $400 million
![Dell Technologies, Aramco, NITA ink agreement to upskill Saudi talent](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Dell-Technologies-Aramco-NITA.jpeg/w=1024,h=683)
Dell Technologies, Aramco, NITA ink agreement to upskill Saudi talent
Program aims to arm local Saudi talent with the skills and knowledge required to excel and thrive in today’s data-driven world
![Riyadh ranks among 15 fastest-growing cities in the world by 2033: Report](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Riyadh-.jpg/w=1024,h=683)
Riyadh ranks among 15 fastest-growing cities in the world by 2033: Report
Riyadh's population to grow from 5.9 million to 9.2 million in 10 years
![Saudi Arabia raises retirement age to 65 in new social insurance law](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudi-Arabia-retirement-age.jpg/w=1024,h=683)
Saudi Arabia raises retirement age to 65 in new social insurance law
GOSI stated that the statutory retirement age for individuals affected by the amendments would range between 58 and 65 years
![Saudi Arabia wins presidency of Arab Civil Aviation Organization executive council](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/ACAO.jpg/w=1024,h=683)
Saudi Arabia wins presidency of Arab Civil Aviation Organization executive council
Saudi Arabia supports the organization's 'No Country Left Behind' initiative with $1 million of funding
![Saudi Arabia’s non-oil sector continues to grow in June, employment rises: PMI](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudi-Arabia-non-oil-sector.jpg/w=1024,h=683)