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New phase will enhance Saudi participation in the labor market and economic growth S&P Global forecasts $75 billion corporate loan surge for Saudi banks The fund announced five integrated tourism projects totaling 1,211 hotel keys A sustainable funding model must ensure long-term viability, transparency, and adaptability for mega projects Minister Alswaha's visit to Meta sets stage for major AI innovations in the Kingdom SAMA's decision allows visitors to open bank accounts using the official Visitor ID document Both countries are keen to expand cooperation in logistics, shipping, fisheries, advanced manufacturing, tourism, digitalization, healthcare, education and creative industries Statistics compiled from the Joint Organizations Data Initiative (JODI) show that direct oil burn averaged 943,000 b/d during the first half of this year even as electricity demand soared by 10 percent year-on-year The arrival of luxury branded experiences marks a significant milestone in the Kingdom’s retail evolution As Saudi consumers demand health, convenience and affordability, the kingdom’s food economy is becoming a proving ground for new value creation The agreements between Saudi Arabia and Japan cove healthcare, infrastructure and logistics sectors The festival achieved two new Guinness World Records titles AROYA’s maiden voyage will depart Jeddah on December 16, taking passengers on a three-night journey across the Red Sea Saudi Arabia's PMI rose from 56.9 in October to 59 in November, marking the fourth consecutive month of expansion By licensing these new marinas, Saudi Arabia also aims to improve infrastructure and promote sustainable tourism along the Red Sea coast This total includes around 170,000 international travelers and more than 907,000 domestic visitors Riyadh has recorded the highest national increase in Grade A office lease rates over the last 12 months at 31 percent IMF expects 3.5 percent non-oil growth for the full year of 2024, similar to the official estimate of 3.4 percent The second day saw the announcement of an impressive $3.36 billion worth of new projects and strategic agreements in the Kingdom Total number of real estate transactions across all asset classes surged by 38 percent to just over 106,700 in the first half of 2024 Saudi Arabia’s entrepreneurial drive is at an eight-year high Among the high-income economies, Saudi Arabia reported the highest total entrepreneurial activity rate for women at 23 percent SRSA aims to cultivate a dynamic coastal tourism sector that contributes to realizing the goals of Vision 2030 Non-oil sector's contribution is projected to exceed 52 percent of the overall GDP and grow beyond 4 percent in 2024
