Saudi Arabia’s Non-Oil exports rise to $7.70bn in May
RIYADH: Saudi Arabia has experienced growth in its non-oil exports reaching $7.70 billion in May, a two-year high, with 8.2% increase from May 2023 and a 26.93% increase from April, based on data provided by the General Authority of Statistics (GASTAT). This growth is in line with the Kingdom’s efforts to develop non-oil sectors of […]
Saudi Arabia and Turkiye strengthen ties to advance Industrial and Mining Sectors
RIYADH: Saudi Arabia and Turkiye have been strengthening their ties to boost industrial and mining sectors after the recent held meetings which was focused on improving trade, non-oil exports and attracting quality investments. Khalil bin Salamah, Saudi Arabia’s Deputy Minister of Industry and Mineral Resources, visited Turkiye to assess investment prospects and address potential industrial […]
Saudi Arabia announces to grant 5 licenses to push mineral exploration
RIYADH: Saudi Arabia has recently declared its largest mineralized area yet comprising of 4,788 sq. km and offered five new mineral exploration licenses. Three of these licenses are specifically for Jabal Sayid site in Madinah, covering an area of 2,892 sq. km. and has deposits of gold, silver, copper, zinc and lead and the other […]
Saudi Weekly Insights: Saudi Arabia sets new record in the Tourism sector
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 June to 20th July 2024 Kaden and DB Schenker team up to expand in Saudi market with new logistics projects The real estate and property management firm Kaden has secured a […]
Saudi PIF finalized 3 deals to improve renewable energy component manufacturing
RIYADH: Saudi Arabia’s Public Investment Fund (PIF) on July 16 signed three major agreements to boost the Kingdom’s renewable power sector. The agreements are to stimulate local production of renewable energy component to help Saudi Arabia with its sustainability goals. Key Deals: TCL Zhonghuan Renewable Energy Technology Co.: The partnership worth $ 2.8 billion involves […]
Thailand opens first investment office in Riyadh to strengthen economic ties with Saudi Arabia
RIYADH: Saudi Arabia and Thailand are expanding their economic ties with the opening of Thailand’s first Board of Investment (BOI) office in Riyadh. This new office will improve the ties between the private sectors of the two countries. Speaking at the Saudi-Thailand Investment Forum, the Minister of Investment Khalid Al-Falih stressed the importance of the new […]
Saudi Weekly Insights: Riyadh to rank amongst top 15 fastest-growing cities by 2033
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 08th June to 13th July 2024 17% surge in passenger traffic for Saudi Arabia’s Civil Aviation sector RIYADH: The civil aviation sector in Saudi Arabia showed a remarkable rise in the first […]
Diriyah awards $ 2bn contract for Mixed-Use District
RIYADH: Diriyah, the heritage city in Saudi Arabia, has granted a contract of SR7.8 billion ($ 2 bn) for developing a new district with educational institutions, cultural venues, and a luxury hotel. The project is set to begin in the third quarter of the year, and it involves the El Seif Engineering and China State Construction […]
Saudi-China officials meet in Riyadh to enhance the housing partnerships
RIYADH: Strategic partnerships between Saudi Arabia and China in the municipal and housing sectors are set to move to the next level following a high-level meeting held in Riyadh. Saudi Arabia’s Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail sat down with Beijing’s Ambassador Chang Hua to discuss possible collaborations in real estate, contracting […]
Q2 2024 witnesses a spike in Saudi Arabia’s tech sector registrations
RIYADH: Saudi Arabia’s tech sector boomed during the second quarter of 2024; especially Artificial Intelligence (AI) and cloud computing services saw substantial growth. There was an increase in AI technologies by 53%, with 8,948 official identification cards issued compared to 5,820 in the previous year. Cloud computing services saw a growth of 43%, with 2,358 […]
