Saudi Arabia

Saudi housing company reports $3.59 billion in sales, achieving 4-fold growth with over 13,000 units sold in H1 2024

The sales surge is linked to the company’s launch of multiple housing projects across the Kingdom

Saudi Arabia’s real estate transactions surge 38 percent to $34 billion in H1 2024: Report

Over the last 12 months, residential real estate transaction volumes in Riyadh rose by 49 percent

Saudi Arabia’s non-oil GDP to grow 4.5 percent in 2024, inflation to decline to 1.7 percent: Report

Brent crude to average $84 per barrel in 2024, broadly in line with the average over the last 18 months

New business park with $1 billion investment aims to transform Saudi’s Boulevard City

 The park features 60,000 sqm of creative spaces, nine innovative office buildings

Specialists from 160 countries to attend 19th Internet Governance Forum in Riyadh in December

The forum will discuss internet policy, share information, and exchange experiences to develop solutions

Saudi Arabia to reap $13.3 billion from Esports and gaming by 2030: Report

Tech and government investments are transforming the Kingdom's esports sector, creating 39,000 jobs by 2030

Saudi Arabia sees 60 percent surge in number of factories since launch of Vision 2030

National Industrial Strategy seeks to raise the number of factories across the country 3.5 fold to 36,000 factories by 2035

Saudi Arabia’s ports climb to 15th spot in global container handling ranking: Report

Jeddah Islamic Port has made particularly impressive strides, leaping from 41st to 32nd place

Jeddah Season 2024 attracts 1.7 million visitors to 52-day cultural and entertainment extravaganza

The season invited visitors to explore Jeddah's historic UNESCO site, preserving 400 years of ancient social life

184 foreign companies move regional headquarters to Saudi Arabia in H1 2024: Report

In total, the ministry of investment issued 2,728 investment licenses during the first half of the year, up 49.6 percent annually

Cybersecurity contributes $4.15 billion to Saudi Arabia’s GDP in 2023: Report

 The sector reached $3.54 billion in 2023, showcasing remarkable growth

Saudi Arabia’s Najran region advances Vision 2030 goals with a mine wealth worth $38.64 billion

The Najran region is home to 90 factories with investments surpassing $1.28 billion

Saudi’s Arabian Mills to offer 15.39 million shares in IPO starting September 1

The final IPO price will be determined at the end of the book-building period

Saudi Arabia’s Bahri inks $1 billion purchase agreement for 9 very large crude carriers

Capital Maritime and Trading Corporation agreed to deliver the carriers to Bahri in multiple batches before the end of Q1 of 2025

Red Sea International secures $175 million contract for NEOM’s Trojena Dam workers’ camp

Earlier this year, NEOM awarded $4.7 billion contract to Webuild for the Trojena project

RCF, EVM partner to secure investment for Saudi Arabia’s $1.5 billion lithium chemicals plant project

Plant's first 2 trains to have a capacity of 50,000 tons per annum of high-purity lithium hydroxide monohydrate

Aramco Stadium: 47,000-seat venue in Al Khobar to host upcoming 2027 AFC Asian Cup games

Stadium and surrounding masterplan span over an area of around 800,000 square meters

ACWA Power launches commercial operations at Saudi Arabia’s 700 MW Ar Rass solar project

ACWA Power expects the project's financial impact to be reflected during the second half of 2024 onwards

Riyadh awards four major contracts worth $3.46 billion for road development

Program positions Riyadh as a leading global metropolis and a central hub for sustainable transportation and logistics in the Middle East

Tourism spending in Saudi Arabia exceeds $37 billion in 2023

GCC tourists injected over $4 billion into the economy last year, with Bahrain being the top source market