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By licensing these new marinas, Saudi Arabia also aims to improve infrastructure and promote sustainable tourism along the Red Sea coast
This total includes around 170,000 international travelers and more than 907,000 domestic visitorsÂ
Riyadh has recorded the highest national increase in Grade A office lease rates over the last 12 months at 31 percent
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
SRSA aims to cultivate a dynamic coastal tourism sector that contributes to realizing the goals of Vision 2030
Non-oil sector's contribution is projected to exceed 52 percent of the overall GDP and grow beyond 4 percent in 2024
Saudi Arabia’s presence highlights the growing interest from European and American travelers as a winter sun destination
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 percentÂ
The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy
Saudi Arabia's aviation cargo also achieved significant growth, with the amount of cargo carried rising by 52 percent this year to 974,000 tons
Saudi Arabia’s gain from AI will likely exceed other countries in the Middle East with around $135 billion in value by 2030
The conference, themed "Innovating for Tomorrow," will take place in Riyadh from November 3 to 4
From January to September 2024, Saudia successfully transported over 25.3 million guests across 143,800 flights
The partnership outlines initiatives to transfer advanced technology and modernize industrial processesÂ
This represents a $505.86 million increase over the previous year
Macroeconomic impact of the entire energy sector is estimated to represent 40 percent of the Kingdom’s GDP
GACA employs a transparent method for performance evaluation by categorizing airports according to their annual passenger volumes
