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Saudi Arabia
Banking & Finance
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
Hospitality & Tourism
Red Sea Global and Four Seasons reveal new resort at Triple Bay AMAALA
The development will boast 220 rooms, suites, and villas
Saudi Arabia
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
Economy
Saudi Arabia GDP 2023: Non-oil economy is key growth driver
Non-oil economy grew while overall real GDP contracted
Hospitality & Tourism
NEOM’s Gidori: Uniting golf, luxury, and natural beauty
Gidori boasts limited series of 200 unique villas and homes
Saudi Arabia
LEAP 2024: SDAIA, PwC Middle East partner to create AI virtual laboratory and GenAI experiments center
The collaborative agreement seeks to advance cutting-edge AI research
Saudi Arabia
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
Saudi Arabia
LEAP 2024: stc Group showcases innovations in healthtech, smart city solutions and logistics
Utilizing 5G and artificial intelligence to transform vital sectors
Saudi Arabia
LEAP 2024: Ericsson, Mobily boost digital transformation with AI-powered managed services
The two companies extended the managed services partnership for another three years
Saudi Arabia
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
Banking & Finance
LEAP 2024: Saudi Arabia bolsters tech hub leadership with $888 million in deals
Investment funds and funding rounds to support innovation and tech entrepreneurship
Logistics
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
Miscellaneous
Qiddiya: New details revealed about Saudi Arabia’s F1 track
The new track will feature a 108-meter elevation difference across its 21 corners
Saudi Arabia
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
Hospitality & Tourism
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
Saudi Arabia
LEAP 2024: Cisco to establish new regional HQ in Riyadh
The company also extended its country digitization program to support digital transformation
Saudi Arabia
LEAP 2024:Â 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
Economy
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
Saudi Arabia
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
Logistics
Saudi Arabia-Brazil business forum explores boosting partnerships
Bilateral trade between the two countries has reached $8 billion
Economy
Second phase of Saudization of licensed aviation professions launched
This phase will focus on pilots and flight attendants
Miscellaneous
Saudi Arabia’s PIF and ATP forge long-term strategic partnership to drive global tennis expansion
Economy
Over 350 international investors to establish regional headquarters in Saudi ArabiaÂ
The minister highlighted a tenfold increase in international investment licenses in the Kingdom
Hospitality & Tourism
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
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