Saudi Weekly Insights: Fortis expands into Saudi Arabi’s SME 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 30th June to 07th July 2024 Saudi PIF leads in Middle East and ranks 2nd Worldwide in 2024 GSR scorecard RIYADH: The PIF of Saudi Arabia has remained the top-ranked province in the […]
Saudi Arabia sees a 78% increase in Business registrations as the Private sector booms
RIYADH: The Saudi Ministry of Commerce registered over 120,000 new commercial registrations in the second quarter of 2024, which is 78% more than in the same period of the previous year. According to the ministry’s data, the number of issued business IDs reached 121,521 against 68,222 a year before. The data also revealed key sectors […]
Saudi Arabia sees 23% surge in Tourists’ spending, reaching $12 bn
RIYADH: The Kingdom of Saudi Arabia recorded a rise in Tourists’ spending by 23% during the first quarter of the year reaching SR 45 billion ($12 billion). Saudi Central Bank reported a SR 24 billion surplus in travel spending in 2024, a 46% higher than the previous year. This rise is in line with Saudi […]
Saudi Arabia’s FDI rises by 5.6% in FDI in Q1 2024
RIYADH: The Kingdom of Saudi Arabia recorded a 5.6% rise in Foreign Direct Investment (FDI) during the first quarter of 2024, reaching a SR9.5 billion ($2.53 billion), which stood at SR9 billion the previous year. This growth reflects the potential of the Kingdom as a destination for international investors and supports Vision 2030 goals to improve […]
Saudi Arabia this week
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 24th to 29th June 2024 Saudi Arabia invited AI Key Industry players to set up their presence in the Kingdom RIYADH: Saudi Arabia has taken a few steps to attract International AI […]
UK Investors Eye NEOM, Qiddiya and Diriyah Projects
RIYADH: The British investors have exhibited strong interest for investments in Saudi Arabia’s renewable energy as well as sustainable infrastructure market which aligns with Saudi Vision 2030. In a sustainable infrastructure presented in the UK-Saudi Sustainable Infrastructure Summit held in London on 24th June, key projects include NEOM, Qiddiya, the Red Sea Project, ROSHN and […]
Saudi Arabia this week
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 17th to 23rd June 2024 Saudi Arabia’s Vision 2030 Exceeds Targets for Women’s Leadership and Employment RIYADH – Saudi Arabia’s Vision 2030 has improved women’s leadership in the labour market where 1,707 […]
Saudi Arabia Advances in Global Competitiveness Rankings to 16th Place
Saudi Arabia has upgraded its competitiveness ranking to 16th place out of 67 countries in the IMD World Competitiveness Yearbook. This is according to the Swiss-based Institute for Management Development annual report on business legislation and infrastructure, the Kingdom boasting of a 4th position among G20 countries. The National Competitiveness Center, in cooperation with other […]
Saudi Arabia’s Initiative to Permit Non-Saudis to Establish Law Firms
Saudi Arabia is considering a significant policy change that would allow foreign law firms, already licensed to practice in the country, to establish companies fully owned by non-Saudis. This initiative aims to boost foreign investment, as announced by the National Competitiveness Center (NCC). The NCC shared on its X platform that it is seeking public […]
Saudi Arabia’s Mining Sector Emerges as Global Leader in Regulatory and Investment Reforms
Saudi Arabia’s mining sector restructuring has set the Kingdom as the fastest-growing regulatory and Investment-friendly environment in the world over the last five years, according to a report by MineHutte, a research & consultancy firm. With these measures in place, the Kingdom has risen to become the second ranked country globally in terms of friendly […]
