Saudi Arabia: Daily Business Update.

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

RIYADH Saudi Arabia has recently declared its largest mineralized area yet comprising of 4 788 sq km and offered five new mineral exploration licenses Three of these licenses are specifically for Jabal Sayid site in Madinah covering an area of 2 892 sq km and has deposits of gold silver copper zinc and lead and the other 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 June to 20th July 2024 Kaden and DB Schenker team up to expand in Saudi market with new logistics projects The real estate and property management firm Kaden has secured a hellip

RIYADH Saudi Arabia s Public Investment Fund PIF on July 16 signed three major agreements to boost the Kingdom s renewable power sector The agreements are to stimulate local production of renewable energy component to help Saudi Arabia with its sustainability goals Key Deals TCL Zhonghuan Renewable Energy Technology Co The partnership worth $ 2 8 billion involves hellip

RIYADH Saudi Arabia and Thailand are expanding their economic ties with the opening of Thailand 8217 s first Board of Investment BOI office in Riyadh This new office will improve the ties between the private sectors of the two countries Speaking at the Saudi Thailand Investment Forum the Minister of Investment Khalid Al Falih stressed the importance of the new 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 08th June to 13th July 2024 17 surge in passenger traffic for Saudi Arabia s Civil Aviation sector RIYADH The civil aviation sector in Saudi Arabia showed a remarkable rise in the first hellip

RIYADH Diriyah the heritage city in Saudi Arabia has granted a contract of SR7 8 billion $ 2 bn for developing a new district with educational institutions cultural venues and a luxury hotel The project is set to begin in the third quarter of the year and it involves the El Seif Engineering and China State Construction hellip

RIYADH Strategic partnerships between Saudi Arabia and China in the municipal and housing sectors are set to move to the next level following a high level meeting held in Riyadh Saudi Arabia s Minister of Municipal Rural Affairs and Housing Majid Al Hogail sat down with Beijing s Ambassador Chang Hua to discuss possible collaborations in real estate contracting hellip

RIYADH Saudi Arabia s tech sector boomed during the second quarter of 2024 especially Artificial Intelligence AI and cloud computing services saw substantial growth There was an increase in AI technologies by 53 with 8 948 official identification cards issued compared to 5 820 in the previous year Cloud computing services saw a growth of 43 with 2 358 hellip