Saudi Arabia: Daily Business Update.

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

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 June to 07th July 2024 Saudi PIF leads in Middle East and ranks 2nd Worldwide in 2024 GSR scorecard RIYADH The PIF of Saudi Arabia has remained the top ranked province in the hellip

RIYADH The Saudi Ministry of Commerce registered over 120 000 new commercial registrations in the second quarter of 2024 which is 78 more than in the same period of the previous year According to the ministry s data the number of issued business IDs reached 121 521 against 68 222 a year before The data also revealed key sectors hellip

RIYADH The Kingdom of Saudi Arabia recorded a rise in Tourists spending by 23 during the first quarter of the year reaching SR 45 billion $12 billion Saudi Central Bank reported a SR 24 billion surplus in travel spending in 2024 a 46 higher than the previous year This rise is in line with Saudi hellip

RIYADH The Kingdom of Saudi Arabia recorded a 5 6 rise in Foreign Direct Investment FDI during the first quarter of 2024 reaching a SR9 5 billion $2 53 billion which stood at SR9 billion the previous year This growth reflects the potential of the Kingdom as a destination for international investors and supports Vision 2030 goals to improve 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 24th to 29th June 2024 Saudi Arabia invited AI Key Industry players to set up their presence in the Kingdom RIYADH Saudi Arabia has taken a few steps to attract International AI hellip

RIYADH The British investors have exhibited strong interest for investments in Saudi Arabia s renewable energy as well as sustainable infrastructure market which aligns with Saudi Vision 2030 In a sustainable infrastructure presented in the UK Saudi Sustainable Infrastructure Summit held in London on 24th June key projects include NEOM Qiddiya the Red Sea Project ROSHN and 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 17th to 23rd June 2024 Saudi Arabia 8217 s Vision 2030 Exceeds Targets for Women 8217 s Leadership and Employment RIYADH Saudi Arabia s Vision 2030 has improved women s leadership in the labour market where 1 707 hellip