Saudi Arabia: Daily Business Update.

May 8 will feature the inauguration of the initial European Chamber of Commerce of the Gulf region in Riyadh, Saudi Arabia. The European Chamber of Commerce hailed this as a ‘historic’ milestone on their official website in Saudi Arabia, marking it as a vital turning point in boosting trade ties between the European Union (EU) […]

Lucid, a leading US-based manufacturer of electric vehicles (EV) has made a partnership agreement with Saudi Arabia’s King Abdulaziz City for Science and Technology (KACST) to develop EV technology in the Kingdom. Lucid is backed by Saudi’s Public Investment Fund and will team up with the KACST team to conduct joint research on developing battery […]

Saudi Arabia has become a sustainable tourism and hospitality leader in the Middle East and North Africa (MENA) region. It is positioning itself as a trendsetter in developing sustainable tourism initiatives at a global level and designing new-age hospitality experiences that are aligned with carbon-emission goals.  The Kingdom is promoting a variety of projects across […]

In a recent development, the World Bank and Saudi’s National Competitiveness Center (NCC) will join forces to establish a knowledge hub in Saudi Arabia. The initiative focuses on advancing economic reforms across the globe and helping economies improve their competitiveness for conducting trade and business.  Saudi Arabia has greatly improved its economic competitiveness and ease […]

The Saudi Ministry of Tourism is playing a pivotal role at the International Hospitality Investment Forum (IHIF), presenting an interesting prospect for global investors to explore the dynamic tourism landscape of the Kingdom. Tourism Investment Enablers Program (TIEP), central to this engagement reflects Saudi Arabia’s commitment to achieving its Vision 2030 aspiration of becoming a […]