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Saudi Arabia
Economy
Saudi Arabia’s non-oil activity increases by 4.4 percent in 2023
Despite decline in oil production, diverse industries foster growth in the kingdom
Logistics
Saudi Arabia, China Eastern Airlines forge strategic partnership for new air route
China Eastern Airlines will operate the route using an A330-200 aircraft, providing an annual capacity of 35,880 inbound seats
Industry
Saudi Arabia’s industrial production index up 0.3 percent in January on mining and quarrying
Manufacturing activities in the Kingdom rose by 1.1 percent in January 2024
Energy
Saudi Aramco posts second highest ever net income of $121.3 billion in 2023
Total dividends paid rises 30 percent year-on-year
Industry
Saudi Arabia’s Ceer awards $1.3 billion contract for EV manufacturing complex
Saudi Arabia's first EV brand advances Vision 2030 with state-of-the-art facility
Saudi Arabia
LEAP 2024: Conference concludes with $13.4 billion in investments
Largest global tech event in the region reflects Saudi Vision for digital dominance
Saudi Arabia
Saudi Arabia, Kazakhstan collaborate to approve executive program in fields of renewable energy and innovation
The program contributes to supporting Kazakhstan's efforts to achieve emissions reduction targets
Economy
Saudi Arabia’s National Development Fund signs partnership agreement with World Economic Forum
The partnership seeks to foster ties with diverse financial institutions and companies
Miscellaneous
Saudi Arabia’s Qiddiya to host Esports World Cup in Gaming & Esports District
The inaugural Esports World Cup is set to take place later this year in Riyadh
Economy
Saudi Arabia’s Crown Prince transfers another 8 percent of Aramco shares to PIF
The state's ownership of the Aramco's shares now stands at 82.186 percent
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
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