Saudi Arabia

Saudi Arabia’s re-exports grow 23 percent to $16.23 billion in 2024

Ma'aden's exports reached SAR7 billion, transforming Saudi Arabia into the fourth-largest exporter of phosphate globally

Saudi Arabia’s liquidity grows 9.2 percent to $781.35 billion in October 2024

Demand deposits were the largest contributor to liquidity at 49 percent, recording SAR1.425 trillion

Cruise Saudi launches inaugural AROYA ship at Jeddah Islamic Port

AROYA’s maiden voyage will depart Jeddah on December 16, taking passengers on a three-night journey across the Red Sea

Investor optimism soars as Saudi Arabia gears up for IPO market boom: Survey

20 percent of investors participated in IPOs over the past year and 15 percent engaged in IPO roadshows

Saudi Arabia records strongest non-oil activity growth in 16 months: PMI

Saudi Arabia's PMI rose from 56.9 in October to 59 in November, marking the fourth consecutive month of expansion

Moody’s upgrades Saudi Arabia’s credit rating to ‘Aa3’ with stable outlook

Even with the projected increase in debt, the Kingdom's government debt will likely remain lower than Aa2-A1 peers

Saudi Arabia issues first marina operator licenses in Yanbu and Al-Lith

By licensing these new marinas, Saudi Arabia also aims to improve infrastructure and promote sustainable tourism along the Red Sea coast

Saudi Arabia to expand rail network, generate $4 billion investment opportunities by 2030

During the conference, Al-Jasser introduced the Asasat Program, which aims to localize the rail industry in Saudi Arabia

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 

Program HQ to propel Riyadh’s new office spaces to 6.3 million sqm by 2026: Report

Riyadh has recorded the highest national increase in Grade A office lease rates over the last 12 months at 31 percent

Saudi Arabia’s non-oil economy to grow 4.4 percent in 2025 amid projects boom: Report

IMF expects 3.5 percent non-oil growth for the full year of 2024, similar to the official estimate of 3.4 percent

Cityscape Global 2024: Residential offers, financing solutions advance Saudi home ownership targets

The second day saw the announcement of an impressive $3.36 billion worth of new projects and strategic agreements in the Kingdom

Saudi Arabia’s population growth, expat inflows to raise residential real estate demand: S&P

Total number of real estate transactions across all asset classes surged by 38 percent to just over 106,700 in the first half of 2024

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

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

Saudi women entrepreneurs on the rise since Vision 2030 launch: Report

Among the high-income economies, Saudi Arabia reported the highest total entrepreneurial activity rate for women at 23 percent

Saudi Arabia drives coastal tourism growth, issues first six licenses for tourist yacht agents

SRSA aims to cultivate a dynamic coastal tourism sector that contributes to realizing the goals of Vision 2030

Saudi Arabia’s non-oil sector grows for third consecutive month in October, PMI rises to 56.9

Non-oil sector's contribution is projected to exceed 52 percent of the overall GDP and grow beyond 4 percent in 2024

Saudi Arabia launches new destinations, bold innovations at World Travel Market 2024

Saudi Arabia’s presence highlights the growing interest from European and American travelers as a winter sun destination

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

Saudi Arabia’s budget deficit declines to $8.06 billion in Q3 2024: Report

Oil revenues gained 30 percent in Q3 of 2024 year-on-year to SAR190.866 billion while non-oil revenues rose 6 percent

Riyadh makes marked progress on $800 million road revamp project

18 road projects are currently underway, with a total length of up to 516 km and a value of SAR1.5 billion

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