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 […]
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 […]
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 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 […]
