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 […]
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 […]
