investment

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

SMEs account for 90 percent of the industrial sector in Saudi Arabia, says Minister Alkhorayef

The ministry has launched initiatives in the industrial and mining sectors for entrepreneurs and SMEs to leverage

Saudi Arabia, U.K. discuss advancing 79 initiatives across 13 sectors and $103 billion bilateral trade

The discussions also covered Saudi Arabia's Vision 2030 and ongoing economic and development reforms

Saudi Arabia’s real estate market maintains upward momentum, fueled by residential and hospitality sectors: Report

The residential sector began strong in H1 2024, delivering 27,500 units in Riyadh and Jeddah 

Saudi fund to finance $41-million infrastructure rehabilitation project in Dominica

This initiative aims to boost socio-economic growth and improve residents' quality of life 

Saudi Arabia concludes participation in G20 Space Economy Leaders Meeting, signs pact with Brazil for peaceful space collaboration

The meeting included bilateral talks with Brazil and India on cooperation in the space economy and related technologies

Saudi Arabia, Brazil unite to elevate joint efforts in space science and technology

The agreement details collaboration in space activities, such as science research and remote sensing

Arabian Mills IPO 132 times oversubscribed, generating $35.74 billion in total orders

The company set the final offer price at SAR66 per share, indicating a market capitalization of $903 million

Saudi Arabia’s THIQAH, Google Cloud partner to provide innovative solutions for business growth

Partnership seeks to provide access to world-class cloud infrastructure, addressing the diverse needs of customers

24 Fintech: $213 million fintech venture capital fund announced

In 2023 alone, investments in fintech in Saudi Arabia exceeded $790 million, an 8-fold increase from 2021's $91 million

Saudi Arabia’s PMI rises to 54.8 in August 2024, driven by new business and government investment

The PMI noted significant job creation, with employment rising at one of the highest rates in a decade

Saudi Arabia enhances air connectivity with new direct flight route from Riyadh to London

Saudi Minister of Tourism oversaw agreement between Air Connectivity Program and Virgin Atlantic Airlines

Saudi fund deploys $20 billion globally in 50 years

800+ development projects have been funded by SFD since inception