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Saudi Arabia
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
Banking & Finance
EFG Hermes concludes advisory on Kazyon’s acquisition of 50 percent stake Dukan in Saudi Arabia
Following collaboration in Kazyon's $76.5 million capital raise/private placement in 2014
Economy
Saudi Arabia achieves $16 billion budget surplus in Q4 2023
Due to 40.7 percent YoY decline in government expenditures
Economy
Saudi Arabia maintains A++ rating with stable outlook: Fitch
Classification reflects Kingdom's robust external financial strength
Economy
Saudi Arabia’s PIF launches today second private sector forum, unveiling new local business opportunities
Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector
Economy
Saudi Arabia’s non-oil sector grows, PMI records 55.4 in January
Economic expansion continues amid inflationary pressures and supply chain risks
Logistics
Saudi Arabia launches initiative to localize 23,000 jobs
Empowering Saudi youth and and enhancing their job opportunities
Saudi Arabia
stc users exceed 16 million following Riyadh Season launch
stc's continued investments are reflected in the volume of 5G network use
Industry
Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030
New company to help turn Kingdom into electronics, advanced industries hub
Economy
Saudi Arabia reveals FDI inflow of $4.53 billion in Q3 of 2023
New FDI methodology aligns with the IMF's standards
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