Saudi Arabia: Daily Business Update.

RIYADH In the year 2023 Saudi Arabia s market size of cybersecurity increased by 10 8 reaching $ 3 55 billion SR 13 3 billion This increase is due to the focus of the Kingdom to improve cybersecurity in both public and private sectors Government spending accounted to SR 4 1 billion which is 31 of total expenditure with the private 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 18th August to 25th August 2024 Saudi s New Investment Law to support investors RIYADH Saudi Arabia launched a new investment law on August 11 2024 The law is a part of Saudi hellip

RIYADH Global companies like Foster amp Partners Jacobs Engineering Mace and Nera have been called in to support the development of the King Salman International Airport in Riyadh Saudi Arabia The plan led by the King Salman International Airport Development Co a subsidiary of the Public Investment Fund PIF plans to develop the airport into 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 11th August to 17th August 2024 Saudi to invest $ 1 trillion in economy by 2030 Capex super cycle RIYADH Saudi Arabia plans to spend $1 trillion in a capex super cycle hellip

RIYADH Saudi Arabia has unveiled its revised investment law as a part of its Vision 2030 strategy to attract international investors The revised amendments consolidate investors rights and liberties into a single framework and enhance transparency thereby facilitating business operations Key features proposed in the law include improved protection for investors such as compliance with the 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 04th August to 10th August 2024 153 000 Saudis land private sector jobs in the first half of 2024 In the first half of the year 2024 more than 153 000 Saudi men and hellip

RIYADH Saudi Arabia announces seven new mining exploration licenses which covers around 1 000 square kilometers This initiative was launched by the Ministry of Industry and Mineral Resources on August 7 and it seeks to encourage both local and global investors to explore these mineral rich sites The exploration sites are located in different regions and they contain hellip

Saudi Arabia has recently declared major reforms to its labor laws in an effort to enhance job stability and protect employees rights The Ministry of Human Resources and Social Development has stated that the new amendments will make the work environment more appealing and the amendments will be in sync with Vision 2030 Key changes hellip

RIYADH Saudi Arabia s Hail Qassim and Asir municipalities have launched 57 new investment opportunities across various sectors such as entertainment sports commercial and residential The purpose of this initiative is to boost economic development promote the private sector and improve the living standard within these regions According to the Saudi Press Agency these opportunities are 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 28th June to 03rd August 2024 Saudi Arabia announces massive King Salman Stadium with over 90 000 seats RIYADH Saudi Arabia revealed the designs of the King Salman Stadium which is set to hellip

RIYADH In the second quarter of 2024 Saudi Arabia s economy grew by 1 4 compared to that of the previous year according to the General Authority for Statistics GASTAT The Kingdom s oil sector rose to 1 3 and the non oil sector rose to 1 4 nbsp nbsp Government activities showed a significant rise by 3 2 in Q2 2024 as compared hellip

RIYADH The second Multilateral Industrial Policy Forum MIPF associated with the UN Industrial Development Organization UNIDO will be taking place in Riyadh on 23rd and 24th of October 2024 This is the first time in which the event is being held outside UNIDO s headquarters in Vienna Hosted by the Ministry of Industry and Mineral Resources 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 21st June to 27th July 2024 Riyadh sees a notable growth in office market in the first half of 2024 RIYADH Savills latest reports revealed that Riyadh s office market has shown a hellip

RIYADH Saudi Arabia has experienced growth in its non oil exports reaching $7 70 billion in May a two year high with 8 2 increase from May 2023 and a 26 93 increase from April based on data provided by the General Authority of Statistics GASTAT This growth is in line with the Kingdom s efforts to develop non oil sectors of hellip

RIYADH Saudi Arabia and Turkiye have been strengthening their ties to boost industrial and mining sectors after the recent held meetings which was focused on improving trade non oil exports and attracting quality investments Khalil bin Salamah Saudi Arabia s Deputy Minister of Industry and Mineral Resources visited Turkiye to assess investment prospects and address potential industrial hellip