Saudi Arabia

LEAP 2024: Takamol Holdings launches $53 million investment fund to empower tech startups

The initiative seeks to advance tech sectors in the Middle East and Africa

LEAP 2024: SDAIA, Samsung collaborate to explore localization of digital technologies and innovations

The deal aims to automatically include Tawakkalna system applications on all Samsung devices in Saudi

Saudi Arabia GDP 2023: Non-oil economy is key growth driver

Non-oil economy grew while overall real GDP contracted

NEOM’s Gidori: Uniting golf, luxury, and natural beauty

Gidori boasts limited series of 200 unique villas and homes

LEAP 2024: Saudi Arabia solidifies position as tech and innovation hub with $764 million in investment deals

Aramco Digital, Intel Corp. join forces to launch Saudi's first ORAN development center

LEAP 2024: Ericsson, Mobily boost digital transformation with AI-powered managed services

The two companies extended the managed services partnership for another three years

LEAP 2024: Ericsson and ACES partner to revolutionize indoor 5G connectivity in Saudi Arabia

The deal aims to create a neutral host ecosystem, allowing service providers to share infrastructure

LEAP 2024: Saudi Arabia bolsters tech hub leadership with $888 million in deals

Investment funds and funding rounds to support innovation and tech entrepreneurship

Trade volume between Saudi Arabia, GCC countries surpasses $14.82 billion in Q4 2023

This reflects a significant increase of $1.69 billion compared to 2022

Qiddiya: New details revealed about Saudi Arabia’s F1 track

The new track will feature a 108-meter elevation difference across its 21 corners

LEAP 2024: Saudi Arabia launches $120 million in venture funds to boost gaming, esports sector

The funds seek to promote local content development and drive industry impact in line with Vision 2030

Saudi Arabia launches $11.2 billion tourism initiative, aims for 120,000 jobs

The new program aims to boost business and attract local and international investors

LEAP 2024: Cisco to establish new regional HQ in Riyadh

The company also extended its country digitization program to support digital transformation

LEAP 2024: Saudi Ministry of Media forges 4 agreements with global entities

The deals aim to develop training programs for media orkers, focusing on AI and other technical fields

Saudi Arabia’s non-oil sector activity rises at the quickest rate in five months

Riyad Bank PMI shows encouraging signs despite lingering competitive pressures

LEAP 2024: KACST inks 13 partnership agreements to build semiconductor system

The deals also aims to establish centers of excellence for emerging technologies and future communications

Saudi Arabia-Brazil business forum explores boosting partnerships

Bilateral trade between the two countries has reached $8 billion

Second phase of Saudization of licensed aviation professions launched

This phase will focus on pilots and flight attendants

Over 350 international investors to establish regional headquarters in Saudi Arabia 

The minister highlighted a tenfold increase in international investment licenses in the Kingdom

45 percent of tourism sector employees in Saudi Arabia are women, says vice tourism minister

A total of 925,000 individuals are currently employed in the tourism sector