Saudi Arabia

Saudi Arabia among top 20 vehicle import markets globally with imports exceeding 1 million units

Arab world's total vehicle sales in 2022 exceeded 1.7 million units, with 36 percent of these sales occurring in Saudi Arabia

NEOM’s social responsibility programs benefit 50,000 people: Report

The mega-project awarded 26 projects to companies in Tabuk, helping 583 people secure employment

Saudi Arabia ranks 1st globally for state of economy, consumer confidence rises: Survey

Saudi Arabia's consumer confidence is significantly higher than the global average of 50.2

Saudi Arabia positions Jeddah Islamic Port as central metals distribution hub with London Metal Exchange listing

This development underscores the port's crucial role in facilitating global trade

Saudi Arabia confident in 2034 World Cup bid, featuring rising football stars

The bid reflects Kingdom’s efforts to achieve the sports goals of Vision 2030

Saudi Arabia’s data and AI authority launches data center expansion projects in Riyadh

The value of the Kingdom's data and AI economy is currently at around $4-5 billion

Saudi Arabia’s Dammam port sees 37.4 percent container handling growth, manages 1.53 million units in H1 2024

Transshipment containers also surged by 87.87 percent to 37,806 units from 20,124 in 2023

Saudi Arabia’s NEOM completes mega infrastructure project phases ahead of schedule

Projects boost NEOM's commitment to leading-edge sustainable transportation solutions

Saudi Arabia’s non-oil exports rise 8.2 percent to $7.73 billion in May 2024

Saudi Arabia's exports to China amounted to 15.2 percent of total exports, making the country the top export destination

Saudi Arabia’s Diriyah secures $2.13 billion contract to build four luxury hotels, equestrian club in Wadi Safar

The contract has been awarded to a joint venture of two Saudi construction firms, Urbacon and Al Bawani

Saudi Arabia’s POS transactions surge to $2.9 billion amid rise in education spending

Hotel spending also increased, rising by 0.2 percent compared to the previous week to reach SAR270.2 million

Riyad Bank launches Saudi banking industry’s first-ever AI center

AI center will provide the banking sector with an advanced research, innovation and analytical environment

Saudi Arabia dominates GCC bond market in H1 2024 with $37 billion in issuances

GCC fixed income markets saw $75.5 billion in primary issuances during this period

Saudi Arabia’s flynas announces new weekly flights to Manama, Doha starting September

Airline will operate three weekly flights between Madinah airport and Bahrain International Airport in Manama as of September 10

NHC partners with Korea’s Naver to boost smart city solutions in Saudi Arabia

Digital solutions include 3D maps, simulation models for urban planning and flood management, and monitoring and control centers

Saudi Aramco raises $6 billion in high-demand bond offering, attracting $33 billion in orders

The issuance consists of three tranches of dollar-denominated senior unsecured notes under Aramco's global debt program

Saudi Arabia’s crude oil exports rise 2.51 percent to 6.12 million barrels per day: Official data

Crude oil production increased to 8.99 million bpd, reflecting a monthly rise of 0.08 percent

Saudi Arabia’s logistics sector grows 76 percent in Q2 2024

Saudi Arabia's logistics sector saw a remarkable 48 percent growth in container handling during Q2 of 2024

Riyadh’s retail space to grow by 28 percent to 4.6 million square meters by 2026: Report

E-commerce market in Saudi Arabia expanded by 28 percent to SAR157 billion in 2023

Saudi Arabia issues 86 industrial licenses worth $587 million in April 2024

In April, 67 factories began production with investments reaching $400 million

Dell Technologies, Aramco, NITA ink agreement to upskill Saudi talent

Program aims to arm local Saudi talent with the skills and knowledge required to excel and thrive in today’s data-driven world

Riyadh ranks among 15 fastest-growing cities in the world by 2033: Report

Riyadh's population to grow from 5.9 million to 9.2 million in 10 years