Vision 2030

Saudi Arabia drives coastal tourism growth, issues first six licenses for tourist yacht agents

SRSA aims to cultivate a dynamic coastal tourism sector that contributes to realizing the goals of Vision 2030

Saudi Arabia’s non-oil sector grows for third consecutive month in October, PMI rises to 56.9

Non-oil sector's contribution is projected to exceed 52 percent of the overall GDP and grow beyond 4 percent in 2024

Saudi Arabia launches new destinations, bold innovations at World Travel Market 2024

Saudi Arabia’s presence highlights the growing interest from European and American travelers as a winter sun destination

Saudi Mawani reports 8.26 percent cargo growth, exceeding 27 million tons in October 2024

Outbound containers experienced a notable 14 percent increase, reaching 254,832 containers

GASTAT: Saudi Arabia’s real GDP grows by 2.8 percent in Q3 2024

Oil activities expanded by 0.3 percent year-on-year, while non-oil activities experienced a notable growth of 4.2 percent 

Saudi Arabia, Vietnam promoting JVs and SMEs through strategic MoU for enhanced trade and investment

The agreement focuses on sectors with considerable growth potential, including industry, services, and the digital economy

Saudi Arabia advances environmental conservation ahead of first Road Safety and Sustainability Conference

The conference, themed "Innovating for Tomorrow," will take place in Riyadh from November 3 to 4

Saudia reports 10 percent rise in passengers to over 9 million guests in Q3 2024

From January to September 2024, Saudia successfully transported over 25.3 million guests across 143,800 flights

Saudi Ministry of Industry, UNIDO sign agreement to promote industrial development in Kingdom

The partnership outlines initiatives to transfer advanced technology and modernize industrial processes 

Saudi Arabia’s non-oil exports surge to $7.32 billion in August 2024

This represents a $505.86 million increase over the previous year

Saudi Arabia’s Energy Localization Forum: 107 agreements worth $27.69 billion signed

Macroeconomic impact of the entire energy sector is estimated to represent 40 percent of the Kingdom’s GDP

Top performing airports in Saudi Arabia highlighted in new GACA report

GACA employs a transparent method for performance evaluation by categorizing airports according to their annual passenger volumes

Riyadh Season 2024 attracts 2 million visitors in first week, says GEA chairman

Season features five main areas: Boulevard World, Kingdom Arena, Boulevard City, The Venue and Al-Suwaidi Park

Saudi Arabia plants over 95 million trees since launch of green initiative

Saudi Arabia has so far recorded 7.1 million cases of natural vegetation regeneration

Saudi Arabia, India strengthen ties in communications and space technology

This agreement with Saudi Arabia is TRAI’s 20th bilateral deal, boosting telecom cooperation between India and the Gulf 

Saudi Venture Capital to invest $15 million in a VC Fund by Vision Ventures

Saqr Fund II aims for a total size of $90 million and will focus on early-stage startups, ranging from pre-seed to pre-Series B 

Saudi Transport Authority: Over 85 million postal shipments delivered in H1 2024

This volume was handled by over 70 licensed logistics companies, ensuring secure and confidential delivery 

Saudi Red Sea Authority aims to draw 19 million tourists to the coast by 2030: Report

The report highlights the sector's contribution to economic diversification, investment attraction, revenue generation, and job creation 

Saudi’s Arabian Mills lists and starts of trading on Saudi exchange

The IPO consisted of 15.39 million ordinary shares, accounting for 30 percent of the company’s total issued share capital

Saudi Arabia’s inbound visitor spending reaches $24.6 billion in H1 2024, travel account surplus at $11 billion

This rise in visitor spending highlights the substantial advancements made within the tourism sector

Saudi Central Bank issues compliance, internal audit principles for finance, real estate refinance companies

This initiative is part of SAMA's supervisory responsibilities aimed at ensuring the stability and growth of the financial sector

Saudi airshow set to attract over 100,000 visitors in Riyadh

The event will be the region's largest aviation gathering, with over 100 exhibitors and 15+ airshow teams 

Saudi Arabia’s CMA Chairman: 50 percent of recently listed companies are SMEs

Elkuwaiz noted that the CMA is expanding financing options by streamlining fund management for efficient public offeringsÂ