Saudi Arabia: Daily Business Update.

Saudi Arabia s Industrial Growth Rises in January Fueled by Manufacturing RIYADH Saudi Arabia s industrial production index IPI showed a year on year growth of 1 3 in January owing to the manufacturing and waste management growth according to the General Authority for Statistics The index for the month of January was the same as that of the month hellip

RIYADH Banque Saudi Fransi BSF has signed a financing agreement of SR6 billion $1 6 billion with Diriyah Co to help build the Wadi Safar project This deal is a testament to the private sector s contribution to Saudi Arabia s economic growth The Wadi Safar project is a major part of the larger Diriyah area which expects to hellip

RIYADH Saudi Arabia is experiencing a significant transformation as it reduces its reliance on oil and expands into sectors including construction green energy and technology Government initiatives such as the Saudi Nationalization Scheme and Nitaqat motivated private sector employers to hire more Saudi Nationals resulting in decline in unemployment rate Moreover investments in education and hellip

RIYADH Analytix Arabia has launched new services to further assist businesses in Saudi Arabia and globally The new services are Business Incubation amp Co working Spaces and Legal Consulting We celebrated the opening of our new office in Futuro Tower on King Saud Road Riyadh The inauguration was officiated by Indian Ambassador H E Dr Suhel Ajaz hellip

RIYADH LEAP 2025 highlighted some revolutionary technologies that have potential to shape industries and the future The event showcased advancements in AI smart contact lenses and wearable technology AI and Robotics SARA Aramco s AI powered voice assistant was introduced by the Saudi Accelerated Innovation Lab SAIL which is created for secure and industrial use SARA hellip

RIYADH LEAP 2025 Saudi Arabia s flagship technology event starts on February 8th in Riyadh bringing together innovators investors and business leaders from around the world The event follows Leap 2024 which brought in $13 4 billion in investments and project commitments LEAP 2025 under the theme Into New Worlds aims to boost Saudi Arabia as hellip

RIYADH Saudi Crown Prince Mohammed bin Salman officially launched an automotive manufacturing hub King Salman Automotive Cluster in King Abdullah Economic City KAEC This initiative aspires to make Saudi Arabia a key player in the global automotive industry The cluster will be a hub for both local and international companies with manufacturing facilities and hellip

RIYADH Saudi Minister and India are strengthening their trade and investment relations with an emphasis on industrial and mining collaborations A High Level Delegation led by Saudi Industry Minister Bandar Alkhorayef arrived in India for a four day visit to discuss key partnerships in petrochemicals pharmaceuticals and automotive sector The delegation consists of officials from the Ministry of hellip

RIYADH Saudi Contractor Umm Al Qura for Development and Construction Co is going ahead with its IPO to support its Masar Destination project in Makkah worth $26 6 billion The company s application has been accepted by the Capital Market Authority allowing to issue over 130 million new shares showing 9 09 of its post capital increase shares The 3 5 hellip

RIYADH Saudi Arabia s real estate sector will grow significantly as leaders investors and policymakers came together at the Real Estate Future Forum held in Riyadh to discuss significant projects and investments Asir Gov Prince Turki bin Talal declared that the Public Investment Fund PIF led the nine major projects in the region with four already hellip

RIYADH Saudi Arabia now allows foreign investment in real estate companies especially those with properties in Makkah and Madinah The Saudi Capital Market Authority CMA announced this decision which aligns with Vision 2030 which aims to diversify the economy and boost foreign investment Even though foreigners can invest in shares or convertible debt of hellip

RIYADH Saudi Arabia s hosting of the FIFA World Cup 2034 will have a positive effect on the economy and stock market according to a report by SNB Capital The event is expected to raise the nation s non oil GDP by 4 5 in the medium term supporting Vision 2030 s goals of diversifying the economy by reducing dependency on hellip

RIYADH Saudi Arabia has launched a new service Exemption for Export to boost its industrial sector s global competitiveness This initiative was launched by the Saudi Export Development Authority in collaboration with the Ministry of Industry and Mineral Resources to provide customs duty exemptions for industrial inputs used to make exports goods The initiative will support hellip

Saudi Arabia celebrates after being named as host for FIFA World Cup 2034 RIYADH Saudi Arabia is celebrating its win as the FIFA World Cup 2034 host by conducting events and festivities nationwide Citizens and residents are encouraged to show their pride and excitement by wearing football jerseys and sharing picture perfect moments online by hellip

RIYADH FIFA has officially announced that Saudi Arabia will host 2034 World Cup bringing excitement throughout the kingdom The announcement was made at the FIFA meeting which was chaired by President Gianni Infantino backed by the support of more than 200 FIFA member federations Crown Prince Mohammed bin Salman shared his excitement addressing the kingdom s hellip