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Long-term growth optimism remains high, with 71 percent expecting revenue growth over the next three years New phase will enhance Saudi participation in the labor market and economic growth S&P Global forecasts $75 billion corporate loan surge for Saudi banks The automaker is spearheading Saudi Arabia’s EV ambitions, combining cutting-edge innovation with local talent to support Vision 2030 and drive the Kingdom’s transformation into a global clean mobility hub A sustainable funding model must ensure long-term viability, transparency, and adaptability for mega projects Minister Alswaha's visit to Meta sets stage for major AI innovations in the Kingdom SAMA's decision allows visitors to open bank accounts using the official Visitor ID document Focus areas include modernizing business models and boosting operational efficiency within the industrial sector The arrival of luxury branded experiences marks a significant milestone in the Kingdom’s retail evolution As Saudi consumers demand health, convenience and affordability, the kingdom’s food economy is becoming a proving ground for new value creation Building sustainable talent pipelines is critical for unlocking AI's economic potential in the Middle East Benchikh's focus is on driving innovation that could transform public health while ensuring sustainability of the business and shareholder value Total operating income reached $8.53 billion, up 16 percent, fueled by a 17 percent increase in the financing portfolio Even with the projected increase in debt, the Kingdom's government debt will likely remain lower than Aa2-A1 peers Saudi Arabia’s entrepreneurial drive is at an eight-year high Among the high-income economies, Saudi Arabia reported the highest total entrepreneurial activity rate for women at 23 percent Non-oil sector's contribution is projected to exceed 52 percent of the overall GDP and grow beyond 4 percent in 2024 Outbound containers experienced a notable 14 percent increase, reaching 254,832 containers The total number of licensed rooms has exceeded 443,000 by the end of Q3 2024 This funding was secured by a consortium led by EDF Group and Masdar, alongside Korea East-West Power Company and SUEZ Company Oil activities expanded by 0.3 percent year-on-year, while non-oil activities experienced a notable growth of 4.2 percent The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy The partnership outlines initiatives to transfer advanced technology and modernize industrial processes This represents a $505.86 million increase over the previous year
