Saudi Cybersecurity Market rises to 10.8% to $ 3.55 bn in 2023
RIYADH: In the year 2023, Saudi Arabia’s market size of cybersecurity increased by 10.8%, reaching $ 3.55 billion (SR 13.3 billion). This increase is due to the focus of the Kingdom to improve cybersecurity in both public and private sectors. Government spending accounted to SR 4.1 billion, which is 31% of total expenditure, with the private […]
Saudi Insights: New Investment Law introduced in Saudi Arabia
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 18th August to 25th August 2024 Saudi’s New Investment Law to support investors RIYADH: Saudi Arabia launched a new investment law on August 11, 2024. The law is a part of Saudi […]
Top global designing and engineering firms roped in for the development of the new Riyadh Airport
RIYADH: Global companies like Foster & Partners, Jacobs Engineering, Mace, and Nera have been called in to support the development of the King Salman International Airport in Riyadh, Saudi Arabia. The plan, led by the King Salman International Airport Development Co., a subsidiary of the Public Investment Fund (PIF), plans to develop the airport into […]
Saudi Insights: $ 3.46 trillion worth of contracts awarded for the development of road network in Riyadh
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 11th August to 17th August 2024 Saudi to invest $ 1 trillion in economy by 2030: Capex super cycle RIYADH: Saudi Arabia plans to spend $1 trillion in a “capex super cycle” […]
Saudi Arabia’s New Investment Law to support foreign investors
RIYADH: Saudi Arabia has unveiled its revised investment law as a part of its Vision 2030 strategy to attract international investors. The revised amendments consolidate investors’ rights and liberties into a single framework and enhance transparency, thereby facilitating business operations. Key features proposed in the law include improved protection for investors such as compliance with the […]
Saudi Insights: Saudi Arabia leads in the Employment Growth Index among 67 countries
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 04th August to 10th August 2024 153,000 Saudis land private sector jobs in the first half of 2024 In the first half of the year 2024, more than 153,000 Saudi men and […]
Saudi Arabia opens bid for seven mining exploration licenses
RIYADH: Saudi Arabia announces seven new mining exploration licenses, which covers around 1,000 square kilometers. This initiative was launched by the Ministry of Industry and Mineral Resources on August 7, and it seeks to encourage both local and global investors to explore these mineral-rich sites. The exploration sites are located in different regions, and they contain […]
Saudi Arabia introduces new labor law changes: extended maternity leave, new notice policies and more paid leave
Saudi Arabia has recently declared major reforms to its labor laws in an effort to enhance job stability and protect employees’ rights. The Ministry of Human Resources and Social Development has stated that the new amendments will make the work environment more appealing; and the amendments will be in sync with Vision 2030. Key changes […]
Saudi cities announce 57 investment opportunities for commercial and residential sectors
RIYADH: Saudi Arabia’s Hail, Qassim, and Asir municipalities have launched 57 new investment opportunities across various sectors such as entertainment, sports, commercial, and residential. The purpose of this initiative is to boost economic development, promote the private sector and improve the living standard within these regions. According to the Saudi Press Agency, these opportunities are […]
Saudi Insights: Saudi Arabia announces King Salman Stadium with more than 90,000 seating capacity
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 28th June to 03rd August 2024 Saudi Arabia announces massive King Salman Stadium with over 90,000 seats RIYADH: Saudi Arabia revealed the designs of the King Salman Stadium, which is set to […]
