Non-oil sector contribution to Saudi’s GDP rises up to 1.4%
RIYADH: In the second quarter of 2024, Saudi Arabia’s economy grew by 1.4% compared to that of the previous year, according to the General Authority for Statistics (GASTAT). The Kingdom’s oil sector rose to 1.3% and the non-oil sector rose to 1.4%. Government activities showed a significant rise by 3.2% in Q2 2024 as compared […]
UN-affiliated Industrial Forum set for October in Riyadh
RIYADH: The second Multilateral Industrial Policy Forum (MIPF) associated with the UN Industrial Development Organization (UNIDO) will be taking place in Riyadh on 23rd and 24th of October, 2024. This is the first time in which the event is being held outside UNIDO’s headquarters in Vienna. Hosted by the Ministry of Industry and Mineral Resources […]
Saudi Insights: Saudi Arabia’s electric car market sees a surge
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 21st June to 27th July 2024 Riyadh sees a notable growth in office market in the first half of 2024 RIYADH: Savills’ latest reports revealed that Riyadh’s office market has shown a […]
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 […]
