Saudi Arabia

Saudi Arabia to import 307,000 tons of wheat for strategic reserve maintenance

This shipment is crucial for maintaining strategic wheat reserves and meeting the needs of milling companies

Saudi Arabia, Solomon Islands ink mutual visa exemption agreement

Mutual exemption of short-stay visa requirements will further strengthen and develop ties between the two countries in various fields

Saudi Arabia’s inbound visitor spending reaches $24.6 billion in H1 2024, travel account surplus at $11 billion

This rise in visitor spending highlights the substantial advancements made within the tourism sector

Saudi Central Bank issues compliance, internal audit principles for finance, real estate refinance companies

This initiative is part of SAMA's supervisory responsibilities aimed at ensuring the stability and growth of the financial sector

Saudi airshow set to attract over 100,000 visitors in Riyadh

The event will be the region's largest aviation gathering, with over 100 exhibitors and 15+ airshow teams 

Vision 2030 to propel Saudi Arabia’s assets under management to over $300 billion, says Fitch

Assets under management rose 13.5 percent year-on-year to over $250 billion during the first half of 2024

Saudi Arabia’s CMA Chairman: 50 percent of recently listed companies are SMEs

Elkuwaiz noted that the CMA is expanding financing options by streamlining fund management for efficient public offerings 

SRSA, ICOMIA sign MoU to advance coastal tourism in the Red Sea 

The collaboration seeks to foster partnerships with prominent international organizations, and attract investment to the Red Sea Region

Saudi Arabia’s unemployment rate declines to 3.3 percent in Q2 2024: Report

The employment-to-population ratio for Saudis declined by 0.3 percentage points to 47.2 percent compared to the first quarter of 2024

Saudi Arabia’s King Salman Energy Park attracts over $3 billion investments from 60 investors

Energy park seeks to contribute more than $6 billion to the Kingdom’s GDP annually and create up to 100,000 direct and indirect jobs

Saudi, Azerbaijan sign MoU for mutual exemption from visa requirements for diplomatic and special passport holders

Both countries explored ways to strengthen bilateral ties and reviewed recent developments in regional and international contexts 

Saudi Arabia evolving into a global logistics hub with innovation and sustainability under Vision 2030

The Kingdom’s ports have made notable advancements, achieving, in August, 15th place globally in annual container handling

Saudi Arabia sees merchandise exports climb to $25.2 billion in July 2024

This represents an increase of $506.5 million, or 2.1 percent from last year 

Riyadh Municipality commits $1.6 billion to five key contracts for road enhancements, sustainable infrastructure

The contracts aim to rehabilitate and pave 83 million square meters of road over the next five years 

Diriyah breaks Guinness World Record with largest AI assistant showcase on Saudi National Day

The event showcased over 500 Amazon Echo devices with Alexa during the 94th Saudi festivities

Aramco issues second U.S. dollar-denominated sukuk this year

Issuance comes after Aramco raised $6 billion from its first bond issuance in three years in July

Saudi Arabia’s Minister of Industry visits U.S. as non-oil exports reach $2.68 billion

The visit aims to boost cooperation in industry and mining, strengthen bilateral relations, and attract investments to the Kingdom

Saudi Arabia sees 73 percent surge in tourist arrivals, 207 percent rise in revenues

This year, the Kingdom saw 17.5 million international tourist arrivals

Saudi Arabia’s King Khalid International Airport leads with 82 percent compliance among over 15 million passengers: GACA 

GACA assesses airport performance based on annual passenger volumes for a transparent evaluation process 

Saudi Arabia climbs to 14th spot in Global AI Index, first among Arab nations

This 17-rank jump among 83 countries highlights the Kingdom's rapid progress in AI adoption and development 

Saudi Arabia’s ports achieve 14.6 percent increase in container traffic, surpassing 5 million TEUs in 2023, says GASTAT

Inbound traffic totaled 3.4 million TEUs, whereas outbound traffic amounted to 2.2 million TEUs

Saudi Arabia boosts Riyadh’s flood network with new modern smart model

The model includes sensors that provide real-time data readings, ensuring the reliability of flood drainage channels

Saudi-Italy bilateral trade hits $10.1 billion as 7,000 Italian firms target Saudi market

The announcement was made at the Saudi-Italian Business Forum at the Federation of Saudi Chambers' headquartersÂ