Economy

Davos 2023 witnesses remarkable Saudi presence, bold on the future

Implementing steps crucial to exit crisis with minimal losses

Davos: Saudi transformation ‘a beacon of optimism’

Kingdom “becoming a bright spot for the world economy”

Saudi open to diversify away from greenback

China has called for Saudi Arabia to price oil sales in yuan

Saudi Crown Prince launches Events Investment Fund

To support developments in culture, tourism, entertainment, sports 

Saudi allows some companies to operate without local HQ

Operations of foreign companies should not exceed SAR 1 million

Has Saudi strengthened its 2030 World Cup bid with Ronaldo signing?

$75 million per year contract with Al Nassr football club.

China’s Xi visit to Saudi Arabia cemented Gulf Arab ties

Meeting witnessed signing of a strategic partnership agreement

Saudi, China ink 34 investment deals during Xi’s visit

Across various sectors including green energy, information tech

Billions in agreements expected during China’s president Xi’s visit to Saudi

There is a strategic direction to strengthen bilateral relations

Saudi allocates $700 mn for development of Tarout Island

Project to contribute SAR 297 mn to the country's GDP annually

Saudi-South Korean talks discuss strengthening relations

And cooperation in infrastructure, hydrogen production

PIF, BlackRock sign MoU

To explore infrastructure investments in Saudi, MENA

Saudi-Chinese summit in Riyadh soon. What are the priorities?

Kingdom was first destination for Chinese foreign investments in H1

Saudi records budget surplus of $39.7 billion in first 9 months of 2022

Surplus is supported by an increase in crude oil revenues

Saudi economy grows by 8.6% in Q3

Growth primarily driven by a 14.5% increase in oil activities

Saudi signs major investment deals at FII

Deals aim to improve quality of life, increase investor interest