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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
Saudi-Malaysian Business Council launched
To meet rising demand, purchasing activity in Saudi Arabia's non-oil sector saw a sharp increase in April
Saudi Arabia's total revenues saw a 4 percent annual increase to SAR293.433 billion
Saudi Arabia aims to attract $100 billion in FDI by 2030
In Q1, Saudi Arabia's non-oil activities saw a 2.8 percent annual increase
Conference positions Saudi Arabia as global investment hub, promotes its promising business environment
Collaborative effort is needed to address the energy trilemma of security, equity and sustainability
Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market
The agreements aim to promote private sector involvement in the country's economic growth
Boosting global economic reforms and enhancing regional and global competitiveness
The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023
Investments to encompass agriculture, mining, information technology, and aviation
Rental prices drive Saudi Arabia's annual inflation increase in March
Financial independence emerges as a key incentive for women returners in Saudi Arabia
Sustained oil output, growing non-oil investments key to healthy economy
The deals seek to promote cooperation in various high-quality investment projects in Iraq
