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 […]
Umm Al Qura announces IPO to finance $26bn Masar project in Makkah
RIYADH: Saudi Contractor, Umm Al Qura for Development and Construction Co. is going ahead with its IPO to support its Masar Destination project in Makkah worth $26.6 billion. The company’s application has been accepted by the Capital Market Authority, allowing to issue over 130 million new shares, showing 9.09% of its post-capital increase shares. The 3.5 […]
Saudi Arabia’s Real Estate set for growth with billions in new projects
RIYADH: Saudi Arabia’s real estate sector will grow significantly as leaders, investors and policymakers came together at the Real Estate Future Forum held in Riyadh to discuss significant projects and investments. Asir Gov. Prince Turki bin Talal declared that the Public Investment Fund (PIF) led the nine major projects in the region, with four already […]
