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The contract has been awarded to a joint venture of two Saudi construction firms, Urbacon and Al Bawani
Hotel spending also increased, rising by 0.2 percent compared to the previous week to reach SAR270.2 million
GCC fixed income markets saw $75.5 billion in primary issuances during this period
The issuance consists of three tranches of dollar-denominated senior unsecured notes under Aramco's global debt program
Saudi Arabia achieved 60 million visits during the first half of 2024
Crude oil production increased to 8.99 million bpd, reflecting a monthly rise of 0.08 percent
The unemployment rate for Saudi females rose to 14.2 percent in Q1 2024, up from 13.9 percent in the previous quarter
International currency holdings amounted to SAR1.66 trillion, up 6 percent during this period
The Kingdom’s travel and tourism sector grew by over 32 percent in 2023
Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter
Magna will prioritize cutting-edge technology, world-class architecture, and ultra-modern amenities in line with Vision 2030
Robust inventory growth continued as companies sought to prepare for strong sales performances in the future, the report said
The total value of commodity exports stood at $77.77 billion
The deal seeks to harmonize policies and legislation, and facilitate expertise exchange to address transport and logistics challenges
Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents
An Education Task Force will be also established to promote cooperation in higher education
The Kingdom surpassed 2023 targets with 216 fintech companies in operation and the launch of two digital banks
Boosting global economic reforms and enhancing regional and global competitiveness
Businesses need to be agile, adapt their strategies and invest in digital infrastructure
Non-oil private sector saw a decline in cost inflation for the second month in a row
The Kingdom’s franchising market offers over 10,000 business opportunities
The city has seen a 14 percent increase in commercial records, surpassing 192,000 in the past five years
The ministry of commerce reported an increase in commercial registrations across various sectors
Appetite for spending in the Kingdom soared 46 percent ahead of Ramadan 2024
