Saudi Arabia

Saudi Arabia evolving into a global logistics hub with innovation and sustainability under Vision 2030

The Kingdom’s ports have made notable advancements, achieving, in August, 15th place globally in annual container handling

Saudi Arabia sees merchandise exports climb to $25.2 billion in July 2024

This represents an increase of $506.5 million, or 2.1 percent from last year 

Riyadh Municipality commits $1.6 billion to five key contracts for road enhancements, sustainable infrastructure

The contracts aim to rehabilitate and pave 83 million square meters of road over the next five years 

Diriyah breaks Guinness World Record with largest AI assistant showcase on Saudi National Day

The event showcased over 500 Amazon Echo devices with Alexa during the 94th Saudi festivities

Aramco issues second U.S. dollar-denominated sukuk this year

Issuance comes after Aramco raised $6 billion from its first bond issuance in three years in July

Saudi Arabia’s Minister of Industry visits U.S. as non-oil exports reach $2.68 billion

The visit aims to boost cooperation in industry and mining, strengthen bilateral relations, and attract investments to the Kingdom

Saudi Arabia sees 73 percent surge in tourist arrivals, 207 percent rise in revenues

This year, the Kingdom saw 17.5 million international tourist arrivals

Saudi Arabia’s King Khalid International Airport leads with 82 percent compliance among over 15 million passengers: GACA 

GACA assesses airport performance based on annual passenger volumes for a transparent evaluation process 

Saudi Arabia climbs to 14th spot in Global AI Index, first among Arab nations

This 17-rank jump among 83 countries highlights the Kingdom's rapid progress in AI adoption and development 

Saudi Arabia’s ports achieve 14.6 percent increase in container traffic, surpassing 5 million TEUs in 2023, says GASTAT

Inbound traffic totaled 3.4 million TEUs, whereas outbound traffic amounted to 2.2 million TEUs

Saudi-Italy bilateral trade hits $10.1 billion as 7,000 Italian firms target Saudi market

The announcement was made at the Saudi-Italian Business Forum at the Federation of Saudi Chambers' headquarters 

Saudi Arabia climbs 25 spots to 4th globally, 1st regionally in UN digital services index

The Kingdom ranked seventh in the e-participation index, with Riyadh placed third among 193 global cities 

In Saudi Arabia’s digital ascent, Google Cloud rises as a key growth catalyst

Dammam cloud region could create about 150,000 jobs by 2030 and support 1.2 million SMEs

EFG Hermes KSA: Banking on opportunities in Saudi Vision 2030 and beyond

Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom

Visa responds to challenges and opportunities in Saudi Arabia’s growing tourism sector

Innovating payment and tourism ecosystems key to leveraging consumers’ increasingly digital lifestyle

The Helicopter Company’s expansion, a boost to Saudi Arabia growth ambitions

Company plans to grow its fleet to 100 aircraft in the next few years

SMEs account for 90 percent of the industrial sector in Saudi Arabia, says Minister Alkhorayef

The ministry has launched initiatives in the industrial and mining sectors for entrepreneurs and SMEs to leverage

Saudi Arabia, U.K. discuss advancing 79 initiatives across 13 sectors and $103 billion bilateral trade

The discussions also covered Saudi Arabia's Vision 2030 and ongoing economic and development reforms

Saudi Arabia’s real estate market maintains upward momentum, fueled by residential and hospitality sectors: Report

The residential sector began strong in H1 2024, delivering 27,500 units in Riyadh and Jeddah 

Saudi fund to finance $41-million infrastructure rehabilitation project in Dominica

This initiative aims to boost socio-economic growth and improve residents' quality of life 

Saudi Arabia concludes participation in G20 Space Economy Leaders Meeting, signs pact with Brazil for peaceful space collaboration

The meeting included bilateral talks with Brazil and India on cooperation in the space economy and related technologies

Saudi Arabia launches SAMAI initiative to empower one million citizens in AI

SAMAI initiative marks a significant strategic step towards developing human capital in Saudi Arabia

Saudi Arabia, Brazil unite to elevate joint efforts in space science and technology

The agreement details collaboration in space activities, such as science research and remote sensing

Saudi Arabia secures top ranking in the UN Global Cybersecurity Index 2024 through comprehensive national strategies

Saudi Arabia's exceptional performance across all five pillars highlights its leadership in this domain