MENA

Saudi Arabia’s Hail region receives nearly 1.1 million tourists in first half of 2024

This total includes around 170,000 international travelers and more than 907,000 domestic visitors 

42 percent of Saudis plan to start businesses in three years: Report

Saudi Arabia’s entrepreneurial drive is at an eight-year high

Saudi Mawani reports 8.26 percent cargo growth, exceeding 27 million tons in October 2024

Outbound containers experienced a notable 14 percent increase, reaching 254,832 containers

Red Sea Global secures $1.5 billion for AMAALA infrastructure

This funding was secured by a consortium led by EDF Group and Masdar, alongside Korea East-West Power Company and SUEZ Company

GASTAT: Saudi Arabia’s real GDP grows by 2.8 percent in Q3 2024

Oil activities expanded by 0.3 percent year-on-year, while non-oil activities experienced a notable growth of 4.2 percent 

Saudi Arabia, Vietnam promoting JVs and SMEs through strategic MoU for enhanced trade and investment

The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy

Saudi Arabia advances environmental conservation ahead of first Road Safety and Sustainability Conference

The conference, themed "Innovating for Tomorrow," will take place in Riyadh from November 3 to 4

Saudi Arabia’s non-oil exports surge to $7.32 billion in August 2024

This represents a $505.86 million increase over the previous year

Top performing airports in Saudi Arabia highlighted in new GACA report

GACA employs a transparent method for performance evaluation by categorizing airports according to their annual passenger volumes

Saudi Arabia, India strengthen ties in communications and space technology

This agreement with Saudi Arabia is TRAI’s 20th bilateral deal, boosting telecom cooperation between India and the Gulf 

Saudi Fund for Development invests $205 million in Serbia for agriculture, education, and energy projects

The funds will create jobs, boost the economy, and enhance Serbia’s global standing 

Saudi Venture Capital to invest $15 million in a VC Fund by Vision Ventures

Saqr Fund II aims for a total size of $90 million and will focus on early-stage startups, ranging from pre-seed to pre-Series B 

PIF-owned AviLease purchases Boeing 787-9 aircraft from BBAM

This transaction marks AviLease's first partnership with BBAM, adding its first Boeing 787-9 on operating lease

Saudi Arabia launches air bridge to support Lebanon

This aid reflects the Kingdom's commitment to ongoing humanitarian efforts for individuals and nations in need

Saudi Transport Authority: Over 85 million postal shipments delivered in H1 2024

This volume was handled by over 70 licensed logistics companies, ensuring secure and confidential delivery 

Saudi Red Sea Authority aims to draw 19 million tourists to the coast by 2030: Report

The report highlights the sector's contribution to economic diversification, investment attraction, revenue generation, and job creation 

Saudi’s Arabian Mills lists and starts of trading on Saudi exchange

The IPO consisted of 15.39 million ordinary shares, accounting for 30 percent of the company’s total issued share capital

Saudi Arabia to import 307,000 tons of wheat for strategic reserve maintenance

This shipment is crucial for maintaining strategic wheat reserves and meeting the needs of milling companies

Saudi Arabia’s inbound visitor spending reaches $24.6 billion in H1 2024, travel account surplus at $11 billion

This rise in visitor spending highlights the substantial advancements made within the tourism sector

Saudi Central Bank issues compliance, internal audit principles for finance, real estate refinance companies

This initiative is part of SAMA's supervisory responsibilities aimed at ensuring the stability and growth of the financial sector

Saudi airshow set to attract over 100,000 visitors in Riyadh

The event will be the region's largest aviation gathering, with over 100 exhibitors and 15+ airshow teams 

Saudi Arabia’s CMA Chairman: 50 percent of recently listed companies are SMEs

Elkuwaiz noted that the CMA is expanding financing options by streamlining fund management for efficient public offerings 

SRSA, ICOMIA sign MoU to advance coastal tourism in the Red Sea 

The collaboration seeks to foster partnerships with prominent international organizations, and attract investment to the Red Sea Region