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In 2022, total remittance outflows from Saudi Arabia reached $39.3 billion
Saudi Arabia's total fixed capital formation grew 8 percent during Q1 of 2024
The agreements involve Chinese banks and focus on two-way capital flows through debt and equity
Saudi Arabia's consumer confidence is significantly higher than the global average of 50.2
E-commerce market in Saudi Arabia expanded by 28 percent to SAR157 billion in 2023
Riyadh's population to grow from 5.9 million to 9.2 million in 10 years
Export sales across the non-oil sector grew in June at the fastest rate so far this year
The unemployment rate for Saudi females rose to 14.2 percent in Q1 2024, up from 13.9 percent in the previous quarter
Switzerland is one of Saudi Arabia's notable trading partners with over 100 companies in the Kingdom
Riyadh is among the top emerging ecosystems globally with four unicorns in the last 10 years
International currency holdings amounted to SAR1.66 trillion, up 6 percent during this period
Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter
Robust inventory growth continued as companies sought to prepare for strong sales performances in the future, the report said
MISA processed during the quarter 445 investor visit visa applications, enabling overseas businesses to explore opportunities
QIWA is a platform aiming to enhance the electronic services provided to the labor sectorÂ
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million
The sector is predicted to experience a 13.5 percent annual growth, surpassing the global average of 11.2 percent
Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents
Saudi minister highlights the Kingdom's status as the fastest-growing economy over the past six years
An Education Task Force will be also established to promote cooperation in higher education
Over 1,000 government employees received training at international agencies, enhancing their work effectiveness
As many as 2.36 million citizens were working in the Kingdom's private sector in April
