investment

Saudi Ministry of Industry, UNIDO sign agreement to promote industrial development in Kingdom

The partnership outlines initiatives to transfer advanced technology and modernize industrial processes 

Saudi Arabia’s non-oil exports surge to $7.32 billion in August 2024

This represents a $505.86 million increase over the previous year

Saudi Arabia, India strengthen ties in communications and space technology

This agreement with Saudi Arabia is TRAI’s 20th bilateral deal, boosting telecom cooperation between India and the Gulf 

Saudi Fund for Development invests $205 million in Serbia for agriculture, education, and energy projects

The funds will create jobs, boost the economy, and enhance Serbia’s global standing 

Saudi Venture Capital to invest $15 million in a VC Fund by Vision Ventures

Saqr Fund II aims for a total size of $90 million and will focus on early-stage startups, ranging from pre-seed to pre-Series B 

PIF-owned AviLease purchases Boeing 787-9 aircraft from BBAM

This transaction marks AviLease's first partnership with BBAM, adding its first Boeing 787-9 on operating lease

Saudi Transport Authority: Over 85 million postal shipments delivered in H1 2024

This volume was handled by over 70 licensed logistics companies, ensuring secure and confidential delivery 

Saudi Arabia, Egypt boost cooperation in tech investments to grow region’s digital economy

Value of Saudi Arabia's investments in Egypt has reached approximately $26 billion, with over 8,000 companies

Saudi Red Sea Authority aims to draw 19 million tourists to the coast by 2030: Report

The report highlights the sector's contribution to economic diversification, investment attraction, revenue generation, and job creation 

Saudi Arabia to import 307,000 tons of wheat for strategic reserve maintenance

This shipment is crucial for maintaining strategic wheat reserves and meeting the needs of milling companies

Saudi Arabia’s inbound visitor spending reaches $24.6 billion in H1 2024, travel account surplus at $11 billion

This rise in visitor spending highlights the substantial advancements made within the tourism sector

Saudi Central Bank issues compliance, internal audit principles for finance, real estate refinance companies

This initiative is part of SAMA's supervisory responsibilities aimed at ensuring the stability and growth of the financial sector

Saudi airshow set to attract over 100,000 visitors in Riyadh

The event will be the region's largest aviation gathering, with over 100 exhibitors and 15+ airshow teams 

Saudi Arabia’s CMA Chairman: 50 percent of recently listed companies are SMEs

Elkuwaiz noted that the CMA is expanding financing options by streamlining fund management for efficient public offerings 

SRSA, ICOMIA sign MoU to advance coastal tourism in the Red Sea 

The collaboration seeks to foster partnerships with prominent international organizations, and attract investment to the Red Sea Region

Riyadh Municipality commits $1.6 billion to five key contracts for road enhancements, sustainable infrastructure

The contracts aim to rehabilitate and pave 83 million square meters of road over the next five years 

Aramco issues second U.S. dollar-denominated sukuk this year

Issuance comes after Aramco raised $6 billion from its first bond issuance in three years in July

Saudi Arabia’s Minister of Industry visits U.S. as non-oil exports reach $2.68 billion

The visit aims to boost cooperation in industry and mining, strengthen bilateral relations, and attract investments to the Kingdom

Saudi Arabia sees 73 percent surge in tourist arrivals, 207 percent rise in revenues

This year, the Kingdom saw 17.5 million international tourist arrivals

Saudi Arabia climbs to 14th spot in Global AI Index, first among Arab nations

This 17-rank jump among 83 countries highlights the Kingdom's rapid progress in AI adoption and development 

Saudi-Italy bilateral trade hits $10.1 billion as 7,000 Italian firms target Saudi market

The announcement was made at the Saudi-Italian Business Forum at the Federation of Saudi Chambers' headquarters 

Saudi Arabia climbs 25 spots to 4th globally, 1st regionally in UN digital services index

The Kingdom ranked seventh in the e-participation index, with Riyadh placed third among 193 global cities 

EFG Hermes KSA: Banking on opportunities in Saudi Vision 2030 and beyond

Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom