Saudi Arabia: Daily Business Update.

RIYADH The General Authority for Statistics GASTAT revealed that Saudi Arabia s non oil exports have increased by 7 5 reaching a total of SR 27 52 billion $ 7 33 billion showing a remarkable growth when compared with same month of the last year This growth falls in line with Saudi Arabia s Vision 2030 which aims to diversify the hellip

RIYADH Saudi Arabia 8217 s Minister of Health Fahad Al Jalajel announced during the Global Health Exhibition in Riyadh investment deals worth over SR 50 billion $ 13 3 billion in order to boost the healthcare sector The major deals are agreements with NUPCO and Novo Nordisk and Sanofi for a SR 4 billion pharmaceuticals manufacturing deal Fakeeh Care hellip

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 14th October to 22nd October 2024 25 rise in Saudi Residential Transaction value for Q3 RIYADH Residential transaction values in Saudi Arabia rose by 25 year on year to SR 35 4 billion $ 9 4 hellip

RIYADH Saudi Arabia s economy is projected to grow by 1 6 in 2023 and 4 9 in 2025 with inflation staying low at 2 1 in 2024 and 2 3 in 2025 This growth is boosted by structural reforms and rising female participation which rose to 34 in 2023 from 22 in 2016 Vision 2030 The economy has diversified hellip

RIYADH A $ 25 million credit agreement was signed between Saudi Export Import Bank and South Africa s Standard Bank Group at the Saudi South African Business Forum held in Johannesburg This deal is to help Saudi companies trading in South Africa with financial support The forum brought 420 business leaders and officials together to discuss how to hellip

RIYADH Saudi Arabia wishes to become a Global Logistics Hub status by 2030 by investing heavily strategically in technology and infrastructure King Salman International Airport Development Co KSIADC which is owned by Saudi Arabia 8217 s sovereign wealth fund has teamed up with ewpartners a firm which focuses on private investment and strategic alliances The collaboration with hellip

RIYADH Saudi Arabia s Investment Minister Khalid Al Falih said he plans to allocate a part of the country s $ 200 billion annual construction and material procurement contracts to Pakistan During his visit to Islamabad he revealed the news of finalising $ 2 billion in business deals Saudi Arabia is at the forefront of becoming the world s largest hellip

RIYADH The Saudi Central Bank SAMA reported expatriate remittances from Saudi Arabia grew by 10 in August 2024 reaching a total of SR11 86 billion $3 16 billion Also the remittances from Saudi nationals increased by 19 at SR5 83 billion Saudi Arabia is a main source of global remittances being the primary source of financial well being for hellip

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 September to 07th October 2024 New Tech Initiative unveiled to support Startups and drive digital growth RIYADH The Tech Talent Hub initiative was launched by Saudi Arabia s Ministry of Communications and hellip

RIYADH According to a report submitted by Moody s Saudi Arabia s non oil GDP is expected to grow between 5 5 5 from 2025 to 2027 a rise from 4 6 recorded in 2022 2023 The growth is in line with the objectives of Vision 2030 which wants to diversify the economy by focusing more on non oil revenue and reducing dependence on hellip

RIYADH nbsp The Global Cybersecurity Forum in Riyadh focused on how global collaboration is important to secure the digital future Saudi Information Technology Co 8217 s CEO Saad Al Aboodi said that the global systems being interconnected and the shift of physical assets to digital ones raises the significance of cybersecurity for modern societies He highlighted importance of knowing cybersecurity hellip

RIYADH More than 60 investors have come forward to invest over $3 billion in Saudi Arabia s King Salman Energy Park In 2018 Crown Prince Mohammed bin Salman established SPARK as a fully integrated industrial ecosystem in the eastern province It stands as a hub for the energy sector delivering solutions to companies across Saudi Arabia hellip

Saudi Minister visits US to strengthen industrial ties RIYADH Minister of Industry and Mineral Resources of Saudi Arabia Bandar Alkhorayef is visiting the United States with the aim to boost cooperation in industry and mining attract investment and explore opportunities in aviation and space He will visit New York California and Nevada ending his visit hellip

RIYADH Ajman s exports to Saudi Arabia rose by 29 in 2023 totalling 859 8 million dirhams $ 234 million with Saudi Arabia being the leading export destination with 14 of the total export value In the first half of 2024 exports totaling 397 6 million dirhams this strengthens commercial relations and economic relationships among the two regions hellip

RIYADH Cement sales in Saudi Arabia in Q2 2024 went up to 10 85 million tonnes with 95 sold domestically while the 5 exported Al Yamama Cement held 12 market share while Qassim Cement took the second position with 10 market share The cement market value reached $ 1 07 billion in 2023 with an average growth of hellip