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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 SAMA's decision allows visitors to open bank accounts using the official Visitor ID document Statistics compiled from the Joint Organizations Data Initiative (JODI) show that direct oil burn averaged 943,000 b/d during the first half of this year even as electricity demand soared by 10 percent year-on-year 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 Even with the projected increase in debt, the Kingdom's government debt will likely remain lower than Aa2-A1 peers GCC tourists injected over $4 billion into the economy last year, with Bahrain being the top source market UAE remained Saudi Arabia’s largest non-oil trading partner within the GCC region GCC fixed income markets saw $75.5 billion in primary issuances during this period The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment With this expansion, the total number of countries eligible for the E-visa has increased to 66 Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market This reflects a significant increase of $1.69 billion compared to 2022 OPEC maintains 2.25 mn bpd demand growth forecast FDI brings the region opportunities for global integration Industry could hit $135.5 billion in 2024 UAE and Saudi Arabia are emerging as key global players GCC, home to countries with high applications per capita, to benefit GCC countries will have an average of $660 bn of gross external debt Opportunities and challenges on the path to net zero in the UAE, GCC and MENA Streamlined travel, enhanced tourism In 2022, region outperformed global travel industry’s recovery by 43 percent Launch of an electronic system to link traffic violations
