Vision 2030

Visa responds to challenges and opportunities in Saudi Arabia’s growing tourism sector

Innovating payment and tourism ecosystems key to leveraging consumers’ increasingly digital lifestyle

The Helicopter Company’s expansion, a boost to Saudi Arabia growth ambitions

Company plans to grow its fleet to 100 aircraft in the next few years

SMEs account for 90 percent of the industrial sector in Saudi Arabia, says Minister Alkhorayef

The ministry has launched initiatives in the industrial and mining sectors for entrepreneurs and SMEs to leverage

Saudi Arabia, U.K. discuss advancing 79 initiatives across 13 sectors and $103 billion bilateral trade

The discussions also covered Saudi Arabia's Vision 2030 and ongoing economic and development reforms

Saudi Arabia’s real estate market maintains upward momentum, fueled by residential and hospitality sectors: Report

The residential sector began strong in H1 2024, delivering 27,500 units in Riyadh and Jeddah 

Saudi fund to finance $41-million infrastructure rehabilitation project in Dominica

This initiative aims to boost socio-economic growth and improve residents' quality of life 

Saudi Arabia concludes participation in G20 Space Economy Leaders Meeting, signs pact with Brazil for peaceful space collaboration

The meeting included bilateral talks with Brazil and India on cooperation in the space economy and related technologies

Saudi Arabia, Brazil unite to elevate joint efforts in space science and technology

The agreement details collaboration in space activities, such as science research and remote sensing

Saudi Arabia secures top ranking in the UN Global Cybersecurity Index 2024 through comprehensive national strategies

Saudi Arabia's exceptional performance across all five pillars highlights its leadership in this domain

Saudi events industry projected to grow from $2.38 billion in 2024 to $3.45 billion by 2029: Report

The Kingdom is becoming a dynamic center for high-profile events and large-scale gatherings 

Saudi Arabia’s interior ministry launches smart gates at NEOM Bay Airport

Initiative is part of Saudi Arabia's efforts to enhance the quality of life by implementing high-efficiency digital solutions in Saudi cities

Saudi Arabia’s liquidity grows 9 percent to record high of $772.37 billion in Q2 2024

Since the beginning of the year, Saudi Arabia's liquidity has grown 5.5 percent, rising by over SAR148.83 billion

Non-oil activities in Saudi Arabia expand by 4.9 percent in Q2 2024: GASTAT

Seasonally adjusted real GDP rose by 1.4 percent compared to the first quarter of 2024

Saudi Arabia surpasses target of 100 million visitors seven years ahead of schedule: IMF

Saudi Arabia is now earning more from international visitors than it is spending on outbound tourism, shifting service balance to a surplus

Saudi Arabia-based barq partners with Mastercard on advanced payment acceptance technology

Partnership will contribute to the digital transformation of financial services in Saudi Arabia, in line with Vision 2030

IMF commends Saudi Arabia’s progress under Vision 2030: Report

The Fund highlighted resilient non-oil growth in the Kingdom, applauded record low unemployment

GenAI to raise Saudi Arabia’s technology sector operating profits to $4 billion by 2028

The telecom, media & entertainment, and technology sectors could achieve the highest potential margin upside by adopting GenAI

Saudi Central Bank confirms Q4 2024 as launch period for ‘Samsung Pay’ service in Kingdom

Samsung Pay provides secure payments, letting users manage digital cards in the Samsung Wallet app

Saudi Arabia’s PMI rises to 54.8 in August 2024, driven by new business and government investment

The PMI noted significant job creation, with employment rising at one of the highest rates in a decade

NEOM Green Hydrogen Company launches vocational training program in Saudi Arabia

Partnership aligns with Saudi Arabia's Vision 2030 objective of becoming a global leader in renewable energy and sustainable development

Saudi Arabia enhances air connectivity with new direct flight route from Riyadh to London

Saudi Minister of Tourism oversaw agreement between Air Connectivity Program and Virgin Atlantic Airlines

Saudi fund deploys $20 billion globally in 50 years

800+ development projects have been funded by SFD since inception

Saudia expands Indonesia network, launches four direct weekly flights to Medan

Saudia celebrated the inaugural flight to Medan with a ribbon-cutting ceremony at Prince Mohammad bin Abdulaziz International Airport in Madinah

Riyadh Air, noon Payments partner to offer seamless digital payment options

Partnership showcases the airline's dedication to fostering local innovation and contributing to the broader economic goals of Saudi Arabia