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![Saudi non-oil exports to China exceed $46.9 billion over past 5 years](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudi-Arabia-China.jpg/w=1024,h=683)
This highlights the strong economic and trade relationship between Saudi Arabia and China
![Saudia among top airlines globally for on-time arrival, departure](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudia.jpg/w=1024,h=683)
King Khalid International Airport ranked first globally with an on-time performance of 88.23 percent
![Riyadh Air, China Eastern Airlines forge partnership to promote connectivity, digital innovation](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Riyadh-Air-China-Eastern-Airlines.jpg/w=1024,h=683)
MoU to promote digital transformation, knowledge sharing and technology development
![Saudi Arabia authorizes India’s Akasa Air to operate regular flights to Kingdom](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudi-Arabia-flights-1.jpg/w=1024,h=683)
GACA boosts connectivity ahead of the summer season of 2024 with flights to Italy, Poland and India
![King Abdul Aziz Port in Dammam maintains operational excellence, handles 292,612 containers in May 2024](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Dammam-port.jpg/w=1024,h=682)
Mawani's infrastructure improvements align with the National Transport and Logistics Strategy
![Saudi Arabia’s services exports rise 40 percent, exceeding $48 billion in 2023](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudi-Arabia-services-exports.jpg/w=1024,h=683)
Recovering tourism sector contributed 74 percent of total services exports in 2023
![Saudi Arabia’s King Khalid airport tops GACA rankings: Report](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/GACA.jpeg/w=1024,h=683)
GACA report assesses 11 operational performance standards to enhance services and traveler experiences
![Dubai’s DP World, Saudi Arabia’s Mawani break ground on $240 million logistics park in Jeddah](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/DP-world-mawani-2.jpeg/w=1024,h=683)
The collaboration between Mawani and DP World also includes the management of a container terminal through a separate 30-year concession
![Saudi Arabia’s non-oil exports rise 3.3 percent to $18.6 billion in Q1 2024](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Saudi-Arabia-non-oil.jpg/w=1024,h=682)
The total value of commodity exports stood at $77.77 billion
![102 agreements worth over $20 billion signed at Saudi Arabia’s Future Aviation Forum 2024](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Future-Aviation-Summit-2024.jpg/w=1024,h=683)
GACA launches first aviation sector report for Saudi Arabia highlighting contributions of $53 billion
![Saudi Arabia set to launch new air carrier later this year: GACA Vice President](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Saudi-Arabia-national-carrier-1.jpg/w=1024,h=683)
The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030
![Future Aviation Forum 2024 seals 47 agreements worth $19 billion](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Future-Aviation-Forumhd.png/w=1024,h=683)
The Saudi aviation sector contributed $53 billion to the country's economy and supported around 958,000 jobs nationwide
![Aviation sector contributes $53 billion to Saudi GDP: Report](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Saudi-aviation.jpg/w=1024,h=683)
The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector
![Saudi Arabia port authority sees 8.6 percent rise in cargo handling to 27 million tons in April](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Mawani.jpeg/w=1024,h=683)
Number of exported containers saw a 3.72 percent increase to 216,504 TEUs in April
![Saudi Arabia, Estonia sign MoU to advance transportation technologies](https://economysaudiarabia.com/wp-content/uploads/sites/2/2024/05/Saudi-Arabia-Estonia-1024x683.jpg)
The deal seeks to harmonize policies and legislation, and facilitate expertise exchange to address transport and logistics challenges
![Saudi Arabia to launch $2 billion general aviation roadmap at Future Aviation Forum](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Saudi-Arabia-aviation-1.jpg/w=1024,h=683)
The roadmap aims to increase the sector's contribution to GDP to $2 billion by 2030
![Saudi Arabia plans $100 billion investment to develop aviation sector](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Saudi-Arabia-aviation.jpeg/w=1024,h=681)
Over $50 billion will go to developing the country's airports
![Saudi Arabia’s flynas to broaden UAE network, add flights to DWC, Abu Dhabi, Sharjah](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/flynas.png/w=1024,h=683)
With this expansion, the number of routes connecting Saudi Arabia and the UAE will increase to nine
![Saudi Arabia’s non-oil exports surge by 4.4 percent to $5.82 billion in February](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/04/Saudi-Arabia-exports-1.jpg/w=1024,h=683)
Rubber and plastic product exports in February fueled the rise in non-oil shipments
![Saudi Arabia’s air transport sector sees 26 percent passenger growth, exceeding 112 million in 2023](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/04/Saudi-passenger-traffic-1.jpg/w=1024,h=683)
This robust performance reflects the sector's successful recovery from the COVID-19 pandemic
![Riyadh airport introduces e-passport gates at two terminals](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/04/Jawazat.jpg/w=1024,h=683)
First airport in Saudi Arabia to implement biometric e-passport scanners
![Saudi Arabia records over 1.45 million commercial registrations by end of Q1 2024](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/04/Saudi-Arabia-commercial-registrations-1.jpg/w=1024,h=682)
The Ministry of Commerce recorded 104,000 registrations and 65,363 permits in Q1 2024
![Saudi Arabia’s Al Akaria secures $192.48 million deal with Diriyah Gate for metro excavation](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/04/Saudi-real-estate-Akariah-metro-excavation.jpg/w=1024,h=682)
Expected financial impact to appear on company's statements starting from Q1 2024
![Saudi Arabia’s non-oil exports increase by 0.8 percent in January](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/03/Saudi-Arabia-exports.jpg/w=1024,h=682)
China remains Saudi Arabia's top trade partner