Saudi HR Ministry unveils New Penalties for Labour Law Violations
RIYADH: Saudi Arabia’s Ministry of Human Resources and Social Development has recommended new penalties for offences against Labour Law and its rules. Minister Ahmed Al-Rajhi announced this update, which aims to clarify and define offences more clearly for both businesses and inspectors. This goal is to lessen personal bias in enforcement, increase transparency and adapt […]
Saudi-US Forum Fuels Kingdom’s Economic Transformation
RIYADH: The Saudi-US Investment Forum, took place on May 13, 2025, making it a key milestone in the growing economic partnership between Saudi Arabia and the United States. Top leaders from both countries, including key business figures such as Elon Musk attended the event, to discuss the kingdom’s ongoing economic transformation under Vision 2030. Uber […]
Jeddah Launches 29 Real Estate Projects to Boost Investment
RIYADH: Jeddah Municipality announced 29 new real estate investment projects, totaling over 1.4 million square meters, aimed at commercial, industrial, residential, and recreational sectors. The program has 13 commercial projects, which includes the construction and management of retail shops and commercial complexes in various regions. Furthermore, two key container projects are planned – an integrated container […]
Saudi Insights: Saudi Arabia Net FDI Climbs 26% in Q4 2024
RIYADH: Saudi Arabia’s Net foreign direct investment (FDI) reached SR22.1 billion ($5.89 billion) in the fourth quarter of 2024, a 26% increase from the previous quarter — the highest quarterly figure of the year. The surge outpaced the previous quarterly results of 2024, with net FDI at SR15.5 billion in Q1, SR19 billion in Q2, […]
Saudi Arabia Achieves Highest Tourism Revenue Growth, Leads in G20 Nations
RIYADH: Saudi Arabia’s tourism sector hit a new record in 2024 as international tourism revenue rose by 148% compared to 2019, the highest growth rate among G20 countries. This spike is the direct result of the kingdom’s Vision 2030 reforms, which has established Saudi Arabia as a leading hub for tourism, entertainment and innovation. […]
Saudi Arabia Ranks Top in Regional and 6th in G20 for Geospatial Infrastructure
RIYADH: Saudi Arabia has made notable progress in geospatial knowledge infrastructure, by climbing 23 places from 32nd place in 2022 to 9th globally in the 2025 Geospatial Knowledge Infrastructure (GKI) Readiness Index. The kingdom now ranks first in the Middle East and Arab World and sixth among G20 countries. This achievement was announced at the […]
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 […]
