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Saudi Arabia
Industry
Saudi Arabia’s mining sector revenues exceed SAR1.5 billion
New geological surveys underway
Logistics
Saudi Arabia posts SAR30 billion trade surplus in October
Oil exports recoded an 18.3 percent decline
Health
Saudi Arabia introduces insurance for new domestic workers
Insurance will become part of the employer’s contract
Economy
Consumer spending in Saudi Arabia jumps to $47 bn month-on-month
Kingdom’s economy shows growth, driven by a strong private sector
Logistics
PIF invests in aerospace engineering company, Saudia Technic
Investment supports 1 million square meter MRO village in Jeddah
Banking & Finance
Saudi Arabia’s The Avenues Khobar secures SAR4.35 billion funding
One of the largest tourism projects in the Eastern Province
Industry
Saudi Arabia launches The Second Industrial City in Aseer
Saudi Arabia's clear future directions for developing the industrial sector
Saudi Arabia
Saudi Arabia signs 7 agreements to localize the energy sector
Localizing the energy sector and employing graduates specialized in renewable energy
Banking & Finance
Saudi Arabia concludes €1 billion financing deal with Italy’s SACE
Strengthening trade and investment relations between the two countries
Saudi Arabia
center3 expands footprint in Africa and the Middle East through CMC Networks acquisition
Acquisition is subject to customary conditions and approvals
Markets
Saudi Arabia raises SAR10.55 bn in local sukuk in December
The total volume of bids amounted to approximately SAR14.125 billion
Hospitality & Tourism
53.6 million tourists visit Saudi Arabia during the first half of 2023
Total tourism spending reaches SAR150 billion
Energy
Saudi Arabia to produce 130 GW of renewable energy by 2030
Investing in renewable energy projects worth $188 billion
Hospitality & Tourism
Saudi Arabia’s launches new unified visa platform, now get your visa in just 60 seconds
AI-powered platform ensures precise data verification, efficiency
Banking & Finance
Saudi Arabia launches FinTech program Makken to boost financial innovation
Efforts fall under Financial Sector Development Program
Economy
S&P: Saudi Arabia’s economic growth to rebound to 2.7 percent in 2024
Saudi Arabia's records A rating with a stable outlook
Logistics
Unwavering government support to propel Saudi Arabia’s aviation sector towards global leadership by 2030
Kingdom is building an attractive hub for business and tourism
Banking & Finance
SAR262.7 billion credit facility extended to SMEs in Saudi Arabia
Banking sector contributed the largest volume of credit facilities, with an estimated value of SAR245.3 billion
Energy
Saudi’s ACWA Power signs $800 mn power purchase agreement for South African hybrid renewable project
Operation to commence by Q2 2026
Economy
Saudi Arabia’s HADAF signs $400 million agreements to support employment
Building partnerships with promising sectors to enable Saudi participation in the labor market
Saudi Arabia
Smart cities: The future of Saudi Arabia
Smart cities make up about 80 percent of the global GDP
Economy
Saudi Arabia signs 4 agreements to expand industrial cooperation with Korea
Over 24 meetings with the private sector and government agencies
Economy
Saudi investment funds surpass one million participants milestone in Q3
Up from 677,400 compared to the same period in 2022
Banking & Finance
Saudi Central Bank sets guidelines for BNPL companies, fueling fintech growth
SAR5 mn minimum capital requirement
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