Saudi Arabia

Saudi Arabia’s ports climb to 15th spot in global container handling ranking: Report

Jeddah Islamic Port has made particularly impressive strides, leaping from 41st to 32nd place

Jeddah Season 2024 attracts 1.7 million visitors to 52-day cultural and entertainment extravaganza

The season invited visitors to explore Jeddah's historic UNESCO site, preserving 400 years of ancient social life

184 foreign companies move regional headquarters to Saudi Arabia in H1 2024: Report

In total, the ministry of investment issued 2,728 investment licenses during the first half of the year, up 49.6 percent annually

Cybersecurity contributes $4.15 billion to Saudi Arabia’s GDP in 2023: Report

 The sector reached $3.54 billion in 2023, showcasing remarkable growth

Saudi Arabia’s Najran region advances Vision 2030 goals with a mine wealth worth $38.64 billion

The Najran region is home to 90 factories with investments surpassing $1.28 billion

Saudi’s Arabian Mills to offer 15.39 million shares in IPO starting September 1

The final IPO price will be determined at the end of the book-building period

Saudi Arabia’s Bahri inks $1 billion purchase agreement for 9 very large crude carriers

Capital Maritime and Trading Corporation agreed to deliver the carriers to Bahri in multiple batches before the end of Q1 of 2025

Red Sea International secures $175 million contract for NEOM’s Trojena Dam workers’ camp

Earlier this year, NEOM awarded $4.7 billion contract to Webuild for the Trojena project

RCF, EVM partner to secure investment for Saudi Arabia’s $1.5 billion lithium chemicals plant project

Plant's first 2 trains to have a capacity of 50,000 tons per annum of high-purity lithium hydroxide monohydrate

ACWA Power launches commercial operations at Saudi Arabia’s 700 MW Ar Rass solar project

ACWA Power expects the project's financial impact to be reflected during the second half of 2024 onwards

Riyadh awards four major contracts worth $3.46 billion for road development

Program positions Riyadh as a leading global metropolis and a central hub for sustainable transportation and logistics in the Middle East

The Helicopter Company expands to meet aviation’s changing needs

Innovation and strategic partnerships enable Saudi’s commercial helicopter operator to stay ahead of the curve

Tourism spending in Saudi Arabia exceeds $37 billion in 2023

GCC tourists injected over $4 billion into the economy last year, with Bahrain being the top source market

Saudi Tourism Authority, Visa partner to launch innovative tourism data hub

The initiative aligns with the Saudi government's vision to drive the Kingdom's tourism sector and elevate visitor experiences

Riyadh Air awards $400 million ground handling contract for King Khalid International Airport

Riyadh Air to launch commercial operations at the King Khalid International Airport by mid-2025

Aramco to raise additional $10.66 billion in debt by 2026 for expansion plans: Report

Aramco’s total production could rise from 12.9 million barrels per day in 2023 to 14.1 million barrels per day by financial year 2028

Saudi Arabia’s FDI balance rises 6.1 percent to $217.88 billion in Q1 2024: Report

Saudi Arabia's total fixed capital formation grew 8 percent during Q1 of 2024

Oil demand forecast to reach over 106 million barrels per day in H2 2024, says Aramco chief

Nasser foresees resilient oil fundamentals despite price decline, sees demand growth of 1.6-2 million bpd

Oracle bolsters Saudi Arabia’s AI economy with second public cloud region in Riyadh

New region will help boost the Kingdom’s AI economy, which is expected to reach $135.2 billion by 2030

Saudia launches four weekly flights to Medan, Indonesia starting August 31

Expansion supports objectives of Saudi Vision 2030, which aims to host 30 million Umrah pilgrims by 2030

Saudi Arabia’s non-oil merchandise exports to GCC hit $2.9 billion in May

UAE remained Saudi Arabia’s largest non-oil trading partner within the GCC region