Saudi Arabia

Saudi’s stc Group receives 4 awards

In appreciation of its notable nationalization efforts

Hospitality in Saudi maintains robust recovery in Q3

Year-round events contributed to a significant improvement in hotel demand

Aramco, Honeywell team up to achieve business process automation

New JV will help maximize profitability, productivity

Saudi records budget surplus of $39.7 billion in first 9 months of 2022

Surplus is supported by an increase in crude oil revenues

Saudi economy grows by 8.6% in Q3

Growth primarily driven by a 14.5% increase in oil activities

Saudi signs major investment deals at FII

Deals aim to improve quality of life, increase investor interest

Aramco Sustainability Fund a Month Before Climate Conference

One of the world's largest venture capital funds with a capital of $1.5 billion

Saudi: 1.4 million tons of carbon credits successfully auctioned at FII

A total of 15 Saudi and regional entities took part in the auction

Saudi’s PIF plans to invest SAR 90 bn in key sectors

This brings the total number of companies to 6

Indicators point to significant growth in Saudi’s non-oil sector

Driven by faster job creation, increased non-oil exports

70 new global companies to relocate regional headquarters to Saudi

New investment licenses issued in Q3 2022 amounted to 1,163

New global order on top agenda of Riyadh’s FII conference

Seven mega-agreements are expected to be announced today

Saudi Arabia sets up carbon market firm to support net zero goal

Fund will hold 80% stake in 500-million-riyal company, 20% for Tadawul

Riyadh strengthens position as international business hub

Robust economy, diversification, capital markets attracting investments

Saudi raises $5 bn in first bond sales in nearly a year

Price guidance set at 105 basis points over Treasuries for the Sukuk

Saudi, South Africa strike $15 bn worth of agreements

The two countries signed 11 deals to promote investment