Riyadh

Riyadh Season 2024 attracts 2 million visitors in first week, says GEA chairman

Season features five main areas: Boulevard World, Kingdom Arena, Boulevard City, The Venue and Al-Suwaidi Park

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 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 

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 

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 

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 events industry projected to grow from $2.38 billion in 2024 to $3.45 billion by 2029: Report

The Kingdom is becoming a dynamic center for high-profile events and large-scale gatherings 

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

Specialists from 160 countries to attend 19th Internet Governance Forum in Riyadh in December

The forum will discuss internet policy, share information, and exchange experiences to develop solutions

Saudi Arabia sees 60 percent surge in number of factories since launch of Vision 2030

National Industrial Strategy seeks to raise the number of factories across the country 3.5 fold to 36,000 factories by 2035

Riyadh awards four major contracts worth $3.46 billion for road development

Program positions Riyadh as a leading global metropolis and a central hub for sustainable transportation and logistics in the Middle East

The Helicopter Company expands to meet aviation’s changing needs

Innovation and strategic partnerships enable Saudi’s commercial helicopter operator to stay ahead of the curve

Saudi Arabia’s PIF strengthens ties with China through $50 billion deals to boost bilateral capital flows

The agreements involve Chinese banks and focus on two-way capital flows through debt and equity

Saudi Arabia’s MODON secures 9 deals worth $266.47 million to develop industrial cities

The projects include infrastructure development for the third industrial city in Jeddah and the second industrial city in Makkah

Riyadh ranks among 15 fastest-growing cities in the world by 2033: Report

Riyadh's population to grow from 5.9 million to 9.2 million in 10 years

Saudi Arabia’s international reserves reach $467.5 billion in May, highest in 18 months

International currency holdings amounted to SAR1.66 trillion, up 6 percent during this period

Riyadh Air, China Eastern Airlines forge partnership to promote connectivity, digital innovation

MoU to promote digital transformation, knowledge sharing and technology development

Saudi Arabia’s non-oil private sector maintains steady growth with PMI at 56.4: Report

Robust inventory growth continued as companies sought to prepare for strong sales performances in the future, the report said

Saudi banks’ deposits grow 5.9 percent in Q1 2024, outpacing 3.5 percent loan growth: Report

The report shows remarkable growth in operating income (+3.8 percent) mainly on the back of higher fee income

Saudi Arabia issues 127 regional HQs licenses for companies in Q1, up 477 percent YoY

MISA processed during the quarter 445 investor visit visa applications, enabling overseas businesses to explore opportunities

Residential Q1 sales transactions up by 77 percent year-over-year in Riyadh

Prime office rents in Riyadh rose 14.5 percent, while Grade A and B rents increased 11.8 percent and 10.3 percent

Saudi Arabia’s King Khalid airport tops GACA rankings: Report

GACA report assesses 11 operational performance standards to enhance services and traveler experiences

Saudi Arabia set to launch new air carrier later this year: GACA Vice President

The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030