Saudi Arabia

Saudi Arabia’s NEOM completes mega infrastructure project phases ahead of schedule

Projects boost NEOM's commitment to leading-edge sustainable transportation solutions

Saudi Arabia’s Diriyah secures $2.13 billion contract to build four luxury hotels, equestrian club in Wadi Safar

The contract has been awarded to a joint venture of two Saudi construction firms, Urbacon and Al Bawani

Saudi Arabia’s POS transactions surge to $2.9 billion amid rise in education spending

Hotel spending also increased, rising by 0.2 percent compared to the previous week to reach SAR270.2 million

Saudi Arabia dominates GCC bond market in H1 2024 with $37 billion in issuances

GCC fixed income markets saw $75.5 billion in primary issuances during this period

Saudi Arabia’s flynas announces new weekly flights to Manama, Doha starting September

Airline will operate three weekly flights between Madinah airport and Bahrain International Airport in Manama as of September 10

Saudi Aramco raises $6 billion in high-demand bond offering, attracting $33 billion in orders

The issuance consists of three tranches of dollar-denominated senior unsecured notes under Aramco's global debt program

Saudi Arabia’s crude oil exports rise 2.51 percent to 6.12 million barrels per day: Official data

Crude oil production increased to 8.99 million bpd, reflecting a monthly rise of 0.08 percent

Riyadh ranks among 15 fastest-growing cities in the world by 2033: Report

Riyadh's population to grow from 5.9 million to 9.2 million in 10 years

Saudi Arabia wins presidency of Arab Civil Aviation Organization executive council

Saudi Arabia supports the organization's 'No Country Left Behind' initiative with $1 million of funding

Saudi Arabia’s unemployment rate stabilizes at 3.5 percent in Q1: GASTAT

The unemployment rate for Saudi females rose to 14.2 percent in Q1 2024, up from 13.9 percent in the previous quarter

Saudi non-oil exports to China exceed $46.9 billion over past 5 years

This highlights the strong economic and trade relationship between Saudi Arabia and China

Saudi Arabia’s capital market raises $8 billion from 70 sukuk, debt instrument listings in 2023: Report

Saudi Arabia saw record high net foreign investments, which rose 7.7 percent annually to $52.78 billion in 2023

Saudi Arabia, U.K. explore opportunities in sustainable city development, green energy

Saudi Arabia's Ambassador to the U.K. highlighs the growth of debt markets and insurance companies across the Kingdom

Saudia among top airlines globally for on-time arrival, departure

King Khalid International Airport ranked first globally with an on-time performance of 88.23 percent

Riyadh among top 5 startup ecosystems in MENA region: Report

Riyadh is among the top emerging ecosystems globally with four unicorns in the last 10 years

Saudi Arabia ranks 1st globally in cybersecurity on 2024 World Competitiveness Yearbook

Kingdom also secured top spot in areas like long-term employment growth, social cohesion and long-term labor market growth

Saudi Arabia’s international reserves reach $467.5 billion in May, highest in 18 months

International currency holdings amounted to SAR1.66 trillion, up 6 percent during this period

Beyond payments: How Mastercard is fueling transformation and driving inclusion

Great strides have been made in advancing digital transformation and building a robust payment ecosystem across the region

Localization rates for jobs in Makkah’s tourism sector reach 40 percent

The number of Saudi women working in the sector saw a 37 percent increase in 2024 so far

Saudi Arabia’s industrial production rises 1.1 percent in April on manufacturing surge: Report

Saudi Arabia sees 7.7 percent annual surge in manufacturing activity in April 2024

Saudi Arabia’s tourism sector contributing record $118.4 billion to GDP: Report

The Kingdom’s travel and tourism sector grew by over 32 percent in 2023

Saudi Arabia’s GDP grows 1.4 percent in Q1 2024, non-oil activities up by 3.4 percent YoY: GASTAT

Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter