Saudi Arabia

Saudi Arabia Economy: PIF’s Biggest Investments By Value

Sovereign wealth fund's 2022 assets valued at roughly $620 bn

ACWA Power achieves financial closure for ten $14 bn projects

Including renewable energy, desalination and green hydrogen

Saudi launches first oncology pharmaceutical plant

Kingdom unveils three new factories in the pharma, food sectors

Saudi’s RVCMC to launch carbon credit exchange early next year

Part of startup’s efforts to ramp up carbon abatement projects

Hanan Balkhy: Pioneering as the first Saudi woman appointed as WHO Regional Director

She will assume her duties in the countries of the Eastern Mediterranean region as of Feb. 1, 2024

EFG Hermes successfully completes advisory on $1.219 bn IPO of ADES on Tadawul

Second Saudi Exchange IPO advisory for the investment bank franchise

Saudi Arabia Economy: Homeownership Trends You Should Know

Homeownership rates hover around 67 to 68 percent

stc Group, Diriyah Company form strategic partnership for smart heritage transformation

Partnership to establish a smart infrastructure with integrated futuristic technologies

Innovative towers: stc group’s subsidiary TAWAL blends tech and nature in ALUla

Company driving digital transformation, preserving heritage in ALUla

Dubai-based entertainment startup HyperSpace secures $55mn Saudi funding

To expand with House of Hype, Dubai's ultimate entertainment experience

Moody’s: Non-oil sector to maintain strong contribution to Saudi GDP

Leisure and tourism key for economic diversification

Saudi to spend $175 bn annually on industrial and mega projects: Report

Ongoing projects like NEOM and Red Sea resorts have combined value of $1.3 trn

OPEC+ holds oil policy steady, Saudi and Russia extend voluntary cut

Market analysis planned as Russia considers oil production assessment

PIF’s ambitious plan: Jeddah’s Al Balad to thrive as global tourist destination

The Fund establishes Al Balad development company to promote the historic district

Saudi private sector shows recovery with surge in output, new orders

Riyad Bank Saudi Arabia Purchasing Managers' Index rose to 57.2