Saudi Arabia sees 89% rise in Licensed Tourism Hospitality Facilities
RIYADH: Saudi Arabia’s tourism and hospitality sector experienced a significant growth in 2024, with the number of licensed hospitality facilities increasing by 89%, reaching 4,425 across the kingdom. This shows the government’s continuous efforts to develop the sector and draw in more investors. The Ministry of Tourism’s spokesperson, Mohammed Al-Rasasimah, mentioned that the expansion is […]
Saudi Insights: Riyadh Municipality Launches New Investment Opportunity in Key Sectors
Riyadh Municipality Launches New Investment Opportunity in Key Sectors RIYADH: Riyadh Municipality introduced 20 new investment opportunities for 2025 for development in commercial, residential, retail, industrial and leisure sectors. The project, which spans over 20 locations and covers more than 175,000 sq. meters include mixed-use developments, retail spaces, mobile sports clubs, and construction material factories. […]
Saudi Insights: Saudi Arabia’s Industrial Growth Rises in January, Fueled by Manufacturing
Saudi Arabia’s Industrial Growth Rises in January, Fueled by Manufacturing RIYADH: Saudi Arabia’s industrial production index (IPI) showed a year-on-year growth of 1.3% in January, owing to the manufacturing and waste management growth, according to the General Authority for Statistics. The index for the month of January was the same as that of the month […]
BSF & Diriyah Co. Sign $1.6bn Deal to Develop Wadi Safar Project
RIYADH: Banque Saudi Fransi (BSF) has signed a financing agreement of SR6 billion ($1.6 billion) with Diriyah Co. to help build the Wadi Safar project. This deal is a testament to the private sector’s contribution to Saudi Arabia’s economic growth. The Wadi Safar project is a major part of the larger Diriyah area, which expects to […]
Saudi Arabia’s Labour Market Thrives as Global Interest Grows
RIYADH: Saudi Arabia is experiencing a significant transformation as it reduces its reliance on oil and expands into sectors including construction, green energy, and technology. Government initiatives such as the Saudi Nationalization Scheme and Nitaqat motivated private sector employers to hire more Saudi Nationals, resulting in decline in unemployment rate. Moreover, investments in education and […]
Analytix Arabia Expands Services to Support Businesses in Saudi Arabia
RIYADH: Analytix Arabia has launched new services to further assist businesses in Saudi Arabia and globally. The new services are Business Incubation & Co-working Spaces and Legal Consulting. We celebrated the opening of our new office in Futuro Tower on King Saud Road, Riyadh. The inauguration was officiated by Indian Ambassador H.E. Dr. Suhel Ajaz […]
LEAP 2025 Showcases Next-Gen AI, Smart Lenses, and Wearable Tech
RIYADH: LEAP 2025 highlighted some revolutionary technologies that have potential to shape industries and the future. The event showcased advancements in AI, smart contact lenses and wearable technology. AI and Robotics SARA, Aramco’s AI powered voice assistant was introduced by the Saudi Accelerated Innovation Lab (SAIL), which is created for secure and industrial use. SARA, […]
Saudi Arabia is set to host LEAP 2025, a Landmark Event in Tech Transformation
RIYADH: LEAP 2025, Saudi Arabia’s flagship technology event starts on February 8th in Riyadh, bringing together innovators, investors, and business leaders from around the world. The event follows Leap 2024, which brought in $13.4 billion in investments and project commitments. LEAP 2025, under the theme ‘Into New Worlds’ aims to boost Saudi Arabia as […]
Saudi Crown Price introduces ‘King Salman Automotive Cluster’ at KAEC
RIYADH: Saudi Crown Prince Mohammed bin Salman officially launched an automotive manufacturing hub ‘King Salman Automotive Cluster’ in King Abdullah Economic City (KAEC). This initiative aspires to make Saudi Arabia a key player in the global automotive industry. The cluster will be a hub for both local and international companies, with manufacturing facilities and […]
Saudi Minister Visits India to boost Industrial and Mining ties
RIYADH: Saudi Minister and India are strengthening their trade and investment relations, with an emphasis on industrial and mining collaborations. A High-Level Delegation led by Saudi Industry Minister Bandar Alkhorayef arrived in India for a four-day visit to discuss key partnerships in petrochemicals, pharmaceuticals, and automotive sector. The delegation consists of officials from the Ministry of […]
