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This MoU will expire upon signing the SPA, expected by September 30
In 2023 alone, investments in fintech in Saudi Arabia exceeded $790 million, an 8-fold increase from 2021's $91 million
The Fund highlighted resilient non-oil growth in the Kingdom, applauded record low unemployment
The telecom, media & entertainment, and technology sectors could achieve the highest potential margin upside by adopting GenAI
Samsung Pay provides secure payments, letting users manage digital cards in the Samsung Wallet app
The PMI noted significant job creation, with employment rising at one of the highest rates in a decade
By the end of Q2 2024, the number of Fintech companies in the Kingdom reached 224, exceeding the target of 168
Partnership aligns with Saudi Arabia's Vision 2030 objective of becoming a global leader in renewable energy and sustainable development
Saudi Minister of Tourism oversaw agreement between Air Connectivity Program and Virgin Atlantic Airlines
800+ development projects have been funded by SFD since inception
Saudia celebrated the inaugural flight to Medan with a ribbon-cutting ceremony at Prince Mohammad bin Abdulaziz International Airport in Madinah
This funding will support the development, design, construction, and operation of the projects
Partnership showcases the airline's dedication to fostering local innovation and contributing to the broader economic goals of Saudi Arabia
The sales surge is linked to the company’s launch of multiple housing projects across the Kingdom
Brent crude to average $84 per barrel in 2024, broadly in line with the average over the last 18 months
The park features 60,000 sqm of creative spaces, nine innovative office buildings
Over 4,200 contracts signed, supporting local businesses
The forum will discuss internet policy, share information, and exchange experiences to develop solutions
Tech and government investments are transforming the Kingdom's esports sector, creating 39,000 jobs by 2030
National Industrial Strategy seeks to raise the number of factories across the country 3.5 fold to 36,000 factories by 2035
$19.64 billion in non-oil exports through 34 customs outlets
Jeddah Islamic Port has made particularly impressive strides, leaping from 41st to 32nd place
The season invited visitors to explore Jeddah's historic UNESCO site, preserving 400 years of ancient social life
In total, the ministry of investment issued 2,728 investment licenses during the first half of the year, up 49.6 percent annually
