Saudi Arabia

Saudi Arabia leads water sustainability by doubling desalinated water production

Close to 60 percent of the Kingdom’s water came from desalination in 2019

Localization rates for jobs in Makkah’s tourism sector reach 40 percent

The number of Saudi women working in the sector saw a 37 percent increase in 2024 so far

Saudi Arabia’s industrial production rises 1.1 percent in April on manufacturing surge: Report

Saudi Arabia sees 7.7 percent annual surge in manufacturing activity in April 2024

Saudi Arabia’s tourism sector contributing record $118.4 billion to GDP: Report

The Kingdom’s travel and tourism sector grew by over 32 percent in 2023

Saudi Arabia’s GDP grows 1.4 percent in Q1 2024, non-oil activities up by 3.4 percent YoY: GASTAT

Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter

Retail investors now hold 0.76 percent of Saudi Aramco shares

Domestic institutional investors now hold around 0.89 percent of the company's shares

Saudi Arabia signs $83 million loan deal with El Salvador for water treatment, energy generation

Project to benefit over 1.2 million people and significantly increase El Salvador’s renewable energy capacity

Visa’s ‘She’s Next’ returns to Saudi Arabia with inaugural ‘She’s Next in Gaming’ event

The Kingdom is home to around 23.5 million gamers, 48 percent of whom are women

Saudi Arabia’s corporate sukuk, debt capital market grows 7.9 percent annually since 2019

Market sees surge in liquidity with a traded value of SAR2.5 billion in 2023

Riyadh Air, China Eastern Airlines forge partnership to promote connectivity, digital innovation

MoU to promote digital transformation, knowledge sharing and technology development

Saudi drivers poised for 85 percent battery-electric vehicles adoption by 2035: Study

Currently, around 70 percent of the country's population have expressed moderate to strong interest in owning BEVs 

Saudi NEOM reveals Magna: 12 luxury destinations to contribute over $693 million to Kingdom’s GDP by 2030, create 15,000 jobs

Magna will prioritize cutting-edge technology, world-class architecture, and ultra-modern amenities in line with Vision 2030

Saudi Arabia’s PIF successfully prices inaugural $831 million sterling-denominated bonds

Offering includes a GBP300 million tranche with a 5-year coupon and a GBP350 million tranche with a 15-year coupon

Saudi Arabia’s non-oil private sector maintains steady growth with PMI at 56.4: Report

Robust inventory growth continued as companies sought to prepare for strong sales performances in the future, the report said

Saudi banks’ deposits grow 5.9 percent in Q1 2024, outpacing 3.5 percent loan growth: Report

The report shows remarkable growth in operating income (+3.8 percent) mainly on the back of higher fee income

Saudi Arabia authorizes India’s Akasa Air to operate regular flights to Kingdom

GACA boosts connectivity ahead of the summer season of 2024 with flights to Italy, Poland and India

Saudi Arabia issues 127 regional HQs licenses for companies in Q1, up 477 percent YoY

MISA processed during the quarter 445 investor visit visa applications, enabling overseas businesses to explore opportunities

King Abdul Aziz Port in Dammam maintains operational excellence, handles 292,612 containers in May 2024

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

Recovering tourism sector contributed 74 percent of total services exports in 2023

Saudi Aramco’s $12 billion offering sees strong demand, value could rise to $13.1 billion

The banks on the Aramco offering will take institutional orders until Thursday and will set the price of the shares the following day

Saudi NEOM’s $8.4 billion largest green hydrogen plant solidifies Kingdom’s sustainable future

The plant is set to provide clean energy on a large scale globally, marking a major milestone in sustainable energy production

Saudi Arabia, major Dutch companies discuss enhancing industrial cooperation in multiple sectors

Discussion fall in line with Saudi Arabia's goals of enhancing its position in the industrial and mining sectors

Residential Q1 sales transactions up by 77 percent year-over-year in Riyadh

Prime office rents in Riyadh rose 14.5 percent, while Grade A and B rents increased 11.8 percent and 10.3 percent

Saudi Arabia seeks to raise $12 billion from Aramco shares sale

The company has set the price range between SAR26.70 and SAR29.00 per share