Saudi Arabia: Daily Business Update.

RIYADH: Jeddah Municipality announced 29 new real estate investment projects, totaling over 1.4 million square meters, aimed at commercial, industrial, residential, and recreational sectors. The program has 13 commercial projects, which includes the construction and management of retail shops and commercial complexes in various regions. Furthermore, two key container projects are planned – an integrated container […]

RIYADH: Saudi Arabia’s Net foreign direct investment (FDI) reached SR22.1 billion ($5.89 billion) in the fourth quarter of 2024, a 26% increase from the previous quarter — the highest quarterly figure of the year. The surge outpaced the previous quarterly results of 2024, with net FDI at SR15.5 billion in Q1, SR19 billion in Q2, […]

RIYADH: Saudi Arabia’s tourism sector hit a new record in 2024 as international tourism revenue rose by 148% compared to 2019, the highest growth rate among G20 countries. This spike is the direct result of the kingdom’s Vision 2030 reforms, which has established Saudi Arabia as a leading hub for tourism, entertainment and innovation. […]

RIYADH: Saudi Arabia has made notable progress in geospatial knowledge infrastructure, by climbing 23 places from 32nd place in 2022 to 9th globally in the 2025 Geospatial Knowledge Infrastructure (GKI) Readiness Index. The kingdom now ranks first in the Middle East and Arab World and sixth among G20 countries. This achievement was announced at the […]

RIYADH: Saudi Arabia’s tourism and hospitality sector experienced a significant growth in 2024, with the number of licensed hospitality facilities increasing by 89%, reaching 4,425 across the kingdom. This shows the government’s continuous efforts to develop the sector and draw in more investors. The Ministry of Tourism’s spokesperson, Mohammed Al-Rasasimah, mentioned that the expansion is […]

Riyadh Municipality Launches New Investment Opportunity in Key Sectors RIYADH: Riyadh Municipality introduced 20 new investment opportunities for 2025 for development in commercial, residential, retail, industrial and leisure sectors. The project, which spans over 20 locations and covers more than 175,000 sq. meters include mixed-use developments, retail spaces, mobile sports clubs, and construction material factories. […]

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 […]

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 […]

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 […]

RIYADH: Analytix Arabia has launched new services to further assist businesses in Saudi Arabia and globally. The new services are Business Incubation & 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 […]

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, […]

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 […]

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 […]

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 […]

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 […]