Saudi Arabia: Daily Business Update.

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

RIYADH: Saudi Arabia and Thailand are expanding their economic ties with the opening of Thailand’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 […]