Moody Predicts 5.5% surge in Saudi Arabia’s non-oil GDP from 2025 to 2027
RIYADH: According to a report submitted by Moody’s, Saudi Arabia’s non-oil GDP is expected to grow between 5%-5.5% from 2025 to 2027, a rise from 4.6% recorded in 2022-2023. The growth is in line with the objectives of Vision 2030 which wants to diversify the economy by focusing more on non-oil revenue and reducing dependence on […]
Global Cybersecurity Forum calls for collective efforts to protect Digital Future
RIYADH: The Global Cybersecurity Forum in Riyadh focused on how global collaboration is important to secure the digital future. Saudi Information Technology Co.’s CEO Saad Al-Aboodi said that the global systems being interconnected and the shift of physical assets to digital ones, raises the significance of cybersecurity for modern societies. He highlighted importance of knowing cybersecurity […]
SPARK attracts $ 3 bn investment from over 60 investors
RIYADH: More than 60 investors have come forward to invest over $3 billion in Saudi Arabia’s King Salman Energy Park. In 2018, Crown Prince Mohammed bin Salman established SPARK as a fully integrated industrial ecosystem in the eastern province. It stands as a hub for the energy sector delivering solutions to companies across Saudi Arabia. […]
Saudi Insights: Qiddiya Dragon Ball Theme Park Project awarded to US firm
Saudi Minister visits US to strengthen industrial ties RIYADH: Minister of Industry and Mineral Resources of Saudi Arabia, Bandar Alkhorayef, is visiting the United States with the aim to boost cooperation in industry and mining, attract investment and explore opportunities in aviation and space. He will visit New York, California and Nevada, ending his visit […]
Ajman’s exports to Saudi Arabia increase by 29%
RIYADH: Ajman’s exports to Saudi Arabia rose by 29% in 2023, totalling 859.8 million dirhams ($ 234 million), with Saudi Arabia being the leading export destination, with 14% of the total export value. In the first half of 2024, exports totaling 397.6 million dirhams, this strengthens commercial relations and economic relationships among the two regions. […]
Saudi Cement sales up by 2%, reaching 10.85 m tonnes
RIYADH: Cement sales in Saudi Arabia in Q2 2024 went up to 10.85 million tonnes, with 95% sold domestically while the 5% exported. Al-Yamama Cement held 12% market share while Qassim Cement took the second position with 10% market share. The cement market value reached $ 1.07 billion in 2023 with an average growth of […]
Saudi Insights: Fireworks lit up Saudi Skies in honour of 94th National Day
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 15th September to 22nd September 2024 Saudi Arabia’s 94th National Day celebrated with breathtaking fireworks show RIYADH: The 94th National Day of Saudi Arabia is being celebrated with firework displays, organised by […]
Red Sea Global awards Saudi AMAALA project with $ 6.13 bn in contracts
RIYADH: AMAALA, a project in Saudi Arabia, being developed by Read Sea Global (RSG), has achieved great achievement with over 600 contracts amounting to $ 6.13 bn to global partners. It is expected that the project will be ready to host its first guests by 2025 and the aim is to facilitate the development of luxury […]
Saudi Insights: Saudi Industry Ministry holds discussion with Heads of Chinese lithium, copper mining firms
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 1st September to 7th September 2024 Italy becomes Saudi Arabia’s top choice for green energy supply to Europe RIYADH: Saudi Arabia wants to make Italy a key partner in exporting green energy, like […]
Saudi Automotive Industry set for Boost from high-level East Asia visit
RIYADH: Saudi Arabia’s automotive industry could receive a huge boost after a visit to East Asia by the Industry and Mineral Resources Minister, Bandar Alkhorayef. From September 1 to 8, Alkhorayef will tour China and Singapore to establish cooperation and investment partnership, seek collaboration in industrial sectors. The automotive market in Saudi Arabia is significant, representing […]
