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The fund announced five integrated tourism projects totaling 1,211 hotel keys 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 Both countries are keen to expand cooperation in logistics, shipping, fisheries, advanced manufacturing, tourism, digitalization, healthcare, education and creative industries Focus areas include modernizing business models and boosting operational efficiency within the industrial sector 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 Building sustainable talent pipelines is critical for unlocking AI's economic potential in the Middle East The agreements between Saudi Arabia and Japan cove healthcare, infrastructure and logistics sectors 20 percent of investors participated in IPOs over the past year and 15 percent engaged in IPO roadshows IMF expects 3.5 percent non-oil growth for the full year of 2024, similar to the official estimate of 3.4 percent The second day saw the announcement of an impressive $3.36 billion worth of new projects and strategic agreements in the Kingdom Total number of real estate transactions across all asset classes surged by 38 percent to just over 106,700 in the first half of 2024 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 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 Saudi Arabia’s gain from AI will likely exceed other countries in the Middle East with around $135 billion in value by 2030 The partnership outlines initiatives to transfer advanced technology and modernize industrial processes This represents a $505.86 million increase over the previous year
