Saudi Arabia

Riyadh’s retail space to grow by 28 percent to 4.6 million square meters by 2026: Report

E-commerce market in Saudi Arabia expanded by 28 percent to SAR157 billion in 2023

Saudi Arabia issues 86 industrial licenses worth $587 million in April 2024

In April, 67 factories began production with investments reaching $400 million

Dell Technologies, Aramco, NITA ink agreement to upskill Saudi talent

Program aims to arm local Saudi talent with the skills and knowledge required to excel and thrive in today’s data-driven world

Riyadh ranks among 15 fastest-growing cities in the world by 2033: Report

Riyadh's population to grow from 5.9 million to 9.2 million in 10 years

Saudi Arabia raises retirement age to 65 in new social insurance law

GOSI stated that the statutory retirement age for individuals affected by the amendments would range between 58 and 65 years

Saudi Arabia wins presidency of Arab Civil Aviation Organization executive council

Saudi Arabia supports the organization's 'No Country Left Behind' initiative with $1 million of funding

Saudi Arabia’s non-oil sector continues to grow in June, employment rises: PMI

Export sales across the non-oil sector grew in June at the fastest rate so far this year

Saudi Arabia’s bank deposits surge to record $237 billion in May

Time and savings deposits in Saudi Arabia's banking system grew 3 percent since the beginning of the year

Saudi Arabia’s unemployment rate stabilizes at 3.5 percent in Q1: GASTAT

The unemployment rate for Saudi females rose to 14.2 percent in Q1 2024, up from 13.9 percent in the previous quarter

Saudi non-oil exports to China exceed $46.9 billion over past 5 years

This highlights the strong economic and trade relationship between Saudi Arabia and China

Saudi Arabia’s capital market raises $8 billion from 70 sukuk, debt instrument listings in 2023: Report

Saudi Arabia saw record high net foreign investments, which rose 7.7 percent annually to $52.78 billion in 2023

Saudi Arabia, U.K. explore opportunities in sustainable city development, green energy

Saudi Arabia's Ambassador to the U.K. highlighs the growth of debt markets and insurance companies across the Kingdom

Saudi Arabia strengthens economic ties with Switzerland at financial dialogue

Switzerland is one of Saudi Arabia's notable trading partners with over 100 companies in the Kingdom

Saudia among top airlines globally for on-time arrival, departure

King Khalid International Airport ranked first globally with an on-time performance of 88.23 percent

Riyadh among top 5 startup ecosystems in MENA region: Report

Riyadh is among the top emerging ecosystems globally with four unicorns in the last 10 years

Saudi Arabia ranks 1st globally in cybersecurity on 2024 World Competitiveness Yearbook

Kingdom also secured top spot in areas like long-term employment growth, social cohesion and long-term labor market growth

Saudi Arabia’s international reserves reach $467.5 billion in May, highest in 18 months

International currency holdings amounted to SAR1.66 trillion, up 6 percent during this period

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