Economy

Saudi Crown Prince participates in Riyadh’s bid ceremony to host Expo 2030

Saudi allocated a budget of $7.3 billion for the global event

Saudi Crown Prince to attend today’s Riyadh Expo 2030 host celebrations in Paris

As Riyadh competes against Rome, Odessa, and Busan to host the event

Saudi Crown Prince Mohammed bin Salman to France for bilateral talks, Expo 2030 candidacy

MBS to lead Saudi delegation at Paris summit for new global financial pact

A  new modernized Silk Road between Saudi and China

The two countries have enjoyed strong economic ties for decades

Non-oil activities led Saudi’s economy to grow 3.8% in the first quarter

Growth of non-oil activities up 5.4 percent in the first quarter of this year

IMF issues key recommendations for Saudi Arabia

Fund sees non-oil growth in Saudi to stay strong, averaging 5%

Saudi’s special economic zones: A global investor magnet

Kingdom launches first special economic zone for cloud computing investment

Moody’s affirms Saudi A1 credit rating, expects budget to continue improving

Moderate debt levels, large financial reserves and high economic resilience

3.9% growth in Saudi supported by non-oil economy

Government expects non-oil sector to grow by about 6% in 3 and 5 years

Inflation in Saudi Arabia down to 2.7% in March

Mainly weighed by an increase in rental prices

Saudi launches 4 new economic zones

Creating new hubs for businesses across key growth sectors

Why did Fitch raise Saudi Arabia’s rating?

The Kingdom's financial strength, public debt control, and continued progress on reforms

Unemployment in Saudi Arabia drops to 8% in Q4 2022

Labor force participation rate increased by 1 percentage point

Saudi signs 14 investment agreements with sports entities

Deals include qualitative projects, events, academies, and medical clinics

Saudi Arabia’s inflation rises 3% yoy in February

Increase in housing, water, electricity, and gas prices by 7%

Saudi pledges $400 mn to Ukraine

As Kingdom’s FM visits Kyiv

Saudi Founding Day: Inspiring story of unity, growth, and bravery

March, celebrations, events across Kingdom to mark the occasion

Saudi estimates needing $12 billion in financing this year

About two-thirds less than what I borrowed last year