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The report highlights the sector's contribution to economic diversification, investment attraction, revenue generation, and job creation
Seasonally adjusted real GDP rose by 1.4 percent compared to the first quarter of 2024
Saudi Arabia is now earning more from international visitors than it is spending on outbound tourism, shifting service balance to a surplus
Brent crude to average $84 per barrel in 2024, broadly in line with the average over the last 18 months
Tech and government investments are transforming the Kingdom's esports sector, creating 39,000 jobs by 2030
National Industrial Strategy seeks to raise the number of factories across the country 3.5 fold to 36,000 factories by 2035
The season invited visitors to explore Jeddah's historic UNESCO site, preserving 400 years of ancient social life
The sector reached $3.54 billion in 2023, showcasing remarkable growth
Saudi Arabia achieved 60 million visits during the first half of 2024
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
Brent oil futures for July delivery held steady at $83.61 per barrel
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry
The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector
Riyadh Air to contribute $20 billion to the kingdom's non-oil GDP
Report expects real estate to increase its contribution to the GDP from 6 percent to 10 percent by 2030
In Q1, Saudi Arabia's non-oil activities saw a 2.8 percent annual increase
Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges
Sustained oil output, growing non-oil investments key to healthy economy
Businesses need to be agile, adapt their strategies and invest in digital infrastructure
