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Saudi Arabia
Logistics
Road Quality Index: Saudi Arabia surges to 4th position among G20 nations
The WEF report showcases a substantial leap in the Kingdom's RQI, rising from 5.2 to 5.7
Saudi Arabia
LEAP 2024: Saudi Arabia to host 3rd edition of tech event in March
LEAP 2024 is set to welcome more than 1,800 global tech exhibitors.
Hospitality & Tourism
NEOM and MDLBeast launch mega beach club on $500 billion Sindalah Island project
Mega project launches first destination amidst ambitious transformation plans
Logistics
Saudi Arabia launches $373 million road projects in Makkah
Improving transportation network and serving pilgrims
MENA
Alibaba forges strategic partnerships with local Gulf companies
Chinese E-commerce giant strengthening ties with Saudi Arabia and the UAE
Economy
Saudi Arabia’s inflation remains steady at 1.6 percent in January
Data reveals insights into consumer price trends and wholesale price index
Banking & Finance
Saudi Arabia’s 2023 budget generates $322.6 billion in revenues
Non-oil revenues in 2023 surged by 11 percent YoY
Markets
Saudi Arabia closes February sukuk issuance at $2.09 billion
Issuance was divided into three tranches
Saudi Arabia
Four Saudi cities ranked in the ‘Smart Cities Index’ in 2023
Kingdom aims for 10 Saudi cities in top 50 global rankings
Hospitality & Tourism
Red Sea Global secures $533 mn financing deal for luxury hotel on Shura Island
Investment bolsters Saudi Arabia's tourism sector, supports Vision 2030
Logistics
Boeing confirms establishing regional HQ in Saudi Arabia
Move reflects Saudi Arabia's growing influence in aviation sector
Logistics
SAR records over 10 percent growth in cargo transport in 2023
Partnership agreements forge path for enhanced logistics and industrial development
Saudi Arabia
stc Group partners with iBASIS to boost IoT connectivity in MENA
Enhancing global communication and driving digital transformation in the region
Economy
PIF Private Sector Forum strengthens economic vision through strategic partnerships
Event concludes with commitment to Saudization and private sector empowerment
Hospitality & Tourism
Saudi Arabia’s Diriyah project attracts $6 billion in private sector investments
Company to break ground on 11 new assets by the end of 2024
Hospitality & Tourism
Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Deals were signed during PIF Private Sector Forum
Hospitality & Tourism
Xaynor: A luxurious beachfront retreat in NEOM
An exclusive getaway on the pristine Gulf of Aqaba coastline
Saudi Arabia
PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content
Agreements align with the objectives outlined in Vision 2030
Markets
Saudi Arabia’s traded shares exceed $52 billion in January
Despite global uncertainties, Saudi stock indexes reflect stability and growth
Hospitality & Tourism
27 million tourists visited Saudi Arabia, spent $26.66 billion in 2023
Kingdom aims to attract 150 million domestic and 70 million international tourists
Economy
Saudi Arabia’s PIF attracted over $25 billion worth of investments in three years
New Contractor Financing Program launched
Industry
Saudi Arabia launches National Automotive and Vehicles Academy, establishes Automotive Manufacturers Association
Training program to produce qualified staff for local car manufacturing companies
Industry
Saudi Arabia’s tech firm ‘Alat’ names Amit Midha as global CEO
Collaboration with leading corporations to innovate and revolutionize industries
Markets
MENA IPO market soars with 48 IPOs in 2023, reaping $10.7 billion
Energy and logistics sectors lead as MENA continues to attract global investments
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