Saudi Arabia: Daily Business Update.

RIYADH Saudi Arabia 8217 s NEOM Green Hydrogen Company NGHC is advancing rapidly on the development of the world 8217 s largest green hydrogen plant which is set to launch in December 2006 The project is 60 complete and relies completely on solar and wind energy to power a 2 2 gigawatt electrolyzer which will continuously produce hydrogen The project lowers hellip

Hello Ready to explore Saudi Arabia this week by Analytix with the latest weekly news updates and business insights from Saudi Arabia Here we go From 8th November to 14th November 2024 Saudi Arabia climbs to 12th place from 15 positions in tourist spending UN Tourism RIYADH Saudi Arabia jumps from 15 positions to rank 12th in tourist spending hellip

RIYADH Qiddiya backed by Saudi Arabia s Public Investment Fund recently launched an executive office called Spirit of Play in an effort to enhance collaboration with business partners With this new office Qiddiya intends to look after destination marketing and management making it Qiddiya s first attempt at establishing partnerships with businesses investors and industry professionals Qiddiya City hellip

RIYADH In Q3 2024 Saudi Aramco earned a net profit of $ 27 52 billion SR 03 37 billion above analyst expectations of $ 26 9 billion However the profit was 15 40 lower than in Q3 2024 given the challenging market conditions and lower crude oil refined and chemical product pipes The oil output was cut by 50 000 hellip

RIYADH Red Sea Global RSG secured $ 1 5 billion for funding the AMAALA Infrastructure project which will transform Saudi Arabia s Red Sea coastline into a luxury wellness destination Partners of the project include EDF Group Masdar Korea East West Power Co EWP and SUEZ First Abu Dhabi Bank Emirates NBD and Riyad Bank are the main hellip

RIYADH Saudi Arabia is getting closer to its goal of becoming a Cashless society as the country recorded 98 in person contactless transactions a rise from 4 recorded in 2017 as stated by Visa s regional president Andrew Torre Government support consumer demand and visa initiatives have all contributed to this rapid growth aligning with Saudi Arabia s Vision hellip

Hello Ready to explore Saudi Arabia this week by Analytix with the latest weekly news updates and business insights from Saudi Arabia Here we go From 23rd October to 28th October 2024 IMF forecasts 4 6 growth for Saudi economy highest among GCC by 2025 RIYADH Saudi Arabia s economy is expected to increase by 1 5 in 2024 and 4 6 in hellip

RIYADH The General Authority for Statistics GASTAT revealed that Saudi Arabia s non oil exports have increased by 7 5 reaching a total of SR 27 52 billion $ 7 33 billion showing a remarkable growth when compared with same month of the last year This growth falls in line with Saudi Arabia s Vision 2030 which aims to diversify the hellip

RIYADH Saudi Arabia 8217 s Minister of Health Fahad Al Jalajel announced during the Global Health Exhibition in Riyadh investment deals worth over SR 50 billion $ 13 3 billion in order to boost the healthcare sector The major deals are agreements with NUPCO and Novo Nordisk and Sanofi for a SR 4 billion pharmaceuticals manufacturing deal Fakeeh Care hellip

Hello Ready to explore Saudi Arabia this week by Analytix with the latest weekly news updates and business insights from Saudi Arabia Here we go From 14th October to 22nd October 2024 25 rise in Saudi Residential Transaction value for Q3 RIYADH Residential transaction values in Saudi Arabia rose by 25 year on year to SR 35 4 billion $ 9 4 hellip

RIYADH Saudi Arabia s economy is projected to grow by 1 6 in 2023 and 4 9 in 2025 with inflation staying low at 2 1 in 2024 and 2 3 in 2025 This growth is boosted by structural reforms and rising female participation which rose to 34 in 2023 from 22 in 2016 Vision 2030 The economy has diversified hellip

RIYADH A $ 25 million credit agreement was signed between Saudi Export Import Bank and South Africa s Standard Bank Group at the Saudi South African Business Forum held in Johannesburg This deal is to help Saudi companies trading in South Africa with financial support The forum brought 420 business leaders and officials together to discuss how to hellip

RIYADH Saudi Arabia wishes to become a Global Logistics Hub status by 2030 by investing heavily strategically in technology and infrastructure King Salman International Airport Development Co KSIADC which is owned by Saudi Arabia 8217 s sovereign wealth fund has teamed up with ewpartners a firm which focuses on private investment and strategic alliances The collaboration with hellip

RIYADH Saudi Arabia s Investment Minister Khalid Al Falih said he plans to allocate a part of the country s $ 200 billion annual construction and material procurement contracts to Pakistan During his visit to Islamabad he revealed the news of finalising $ 2 billion in business deals Saudi Arabia is at the forefront of becoming the world s largest hellip

RIYADH The Saudi Central Bank SAMA reported expatriate remittances from Saudi Arabia grew by 10 in August 2024 reaching a total of SR11 86 billion $3 16 billion Also the remittances from Saudi nationals increased by 19 at SR5 83 billion Saudi Arabia is a main source of global remittances being the primary source of financial well being for hellip