Saudi Arabia: Daily Business Update.

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 1st September to 7th September 2024 Italy becomes Saudi Arabia’s top choice for green energy supply to Europe RIYADH: Saudi Arabia wants to make Italy a key partner in exporting green energy, like […]

RIYADH: Saudi Arabia’s automotive industry could receive a huge boost after a visit to East Asia by the Industry and Mineral Resources Minister, Bandar Alkhorayef. From September 1 to 8, Alkhorayef will tour China and Singapore to establish cooperation and investment partnership, seek collaboration in industrial sectors. The automotive market in Saudi Arabia is significant, representing […]

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 26th August to 31st August 2024 Real Estate transaction in Saudi Arabia rise to 38% in H1, reaching $ 34 bn RIYADH: The real estate market in Saudi Arabia rose to 38% in […]

RIYADH: Saudi Arabia and Poland have created a new joint business council for the term 2024-2028 to boost the commerce and investment between the two countries. The Saudi Arabia General Authority for Foreign Trade (GAFT) has concluded the establishment of the Saudi-Polish Business Council and appointed Abdullah bin Mohammed Abu Dubeil as chairman. He will be […]

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 […]

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 […]

RIYADH: Global companies like Foster & 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 […]

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” […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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%.   Government activities showed a significant rise by 3.2% in Q2 2024 as compared […]