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Saudi Arabia
Energy
Saudi Aramco signs multiple supply deals worth $6 billion
The agreements are aimed at fostering localization and supply chain development
Hospitality & Tourism
Saudi Arabia welcomes over 100 million tourists in 2023, surpasses Vision 2030 targets
Saudi Arabia has led the G20 in international tourist growth rate in 2023
Economy
Moody’s affirms top credit ratings for key companies in Saudi Arabia
Ratings reaffirm financial resilience and strategic importance within national economy
Industry
Surge by 10 percent in Saudi Arabia’s industrial units, reaching 11,549 in 2023
The rise falls in line with the Kingdom’s plan to achieve target of 36,000 plants by 2035
Saudi Arabia
Saudi Arabia forecasts $1.59 billion investment opportunities for environmental commitment projects by 2030
The cost of environmental degradation surpassed $22.93 billion
Miscellaneous
Riyadh Season 2023 draws in more than 72 million visitors globally
The initiative recorded over 6,000 licenses for 230 entertainment destinations
Energy
Saudi Aramco discovers 15 trillion cubic feet of gas in Jafurah field
Jafurah field's resources reach 229 trillion cubic feet of gas and 75 billion barrels of condensate
Economy
64 percent of consumers in Saudi Arabia regard Ramadan as opportune time for new purchases: Report
Appetite for spending in the Kingdom soared 46 percent ahead of Ramadan 2024
Logistics
Saudi Arabia and China ink agreement to develop air transport
The partners are exploring opportunities for economic growth and technological advancements
Logistics
Pakistan sets sights on $20 billion trade surge with Saudi Arabia
Saudi Arabia-Pakistan trade currently stands at $5.7 billion
Hospitality & Tourism
NEOM expands its vision with Elanan: A sustainable nature retreat
A serene oasis on the Gulf of Aqaba
Industry
MISA, China’s Goldenport sign $20 million agreement to drive investments in motor sports, automotive sectors
The deal is part of MISA's commitment to enhancing flexibility in licensing procedures and investor services
Miscellaneous
Saudi Arabia to celebrate Founding Day: A reflection on centuries of historical legacy
Vibrant cultural events nationwide expressing love, creativity, and loyalty
Logistics
Saudi Arabia sees 12 percent surge in non-oil exports in December 2023
China emerges as primary merchandise trading partner
Logistics
Saudi Investment Ministry, French CMA CGM Group forge transport and sustainability partnership
The collaboration supports Saudi Arabia's Vision 2030 Transport Strategy
Saudi Arabia
Saudi Arabia ranks 1st in MENA region for e-government services
Kingdom's digital transformation efforts recognized for second consecutive year
Logistics
Saudi Arabia fosters cooperation in aviation sector at Changi Aviation Summit 2024
Kingdom deepens ties with Singapore to drive growth in civil aviation
Saudi Arabia
Cisco: Over 90 percent of organizations in Saudi Arabia have an AI strategy in place or under development
82 percent of companies plan to invest in upskilling employees on AI
Industry
PIF-backed Alat signs global agreements to enhance sustainable technology manufacturing
The company seeks to invest $100 billion by 2030 to strengthen the tech industry
Economy
Saudi Arabia signs six MoUs to boost education, investment, and sustainability efforts
The agreements align with the goals of Vision 2030
Saudi Arabia
stc Group records $19.28 billion in revenues for 2023
The Group reported $3.6 billion in net profits
Economy
Saudi Arabia’s strategic reforms propel it to top spots in Kearney’s Global Retail Development Index
This positive development reflects the Kingdom's strategic shift away from oil dependence
Markets
Saudi Arabia’s Aramco plans bond issuance in 2024
Aramco will now be able to capitalize on recent declines in global interest rates
Economy
Saudi Arabia’s GDP soars from $693.27 billion to $1.06 trillion
Saudi Arabia is ahead of targets, Saudi Minister of Investment states.
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