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 20th to 25th May 2024 Non oil exports of Saudi Arabia witnessed a rise of 3 3 according to GASTAT The non oil exports of Saudi Arabia witnessed an annual rise hellip

During his recent visit to Tokyo Japan the Minister of Energy of Saudi Arabia Prince Abdulaziz bin Salman stated that the Al Ghat and Wa ad Alshamal wind power projects have made Saudi Arabia set new world records for cutting the cost of generating electricity from wind energy This great step would support the Kingdom s plans to hellip

Saudi Arabia s $ 500 billion futuristic city NEOM will feature a unique project named Jaumur 8211 a large cosmopolitan luxury community situated by the Gulf of Aqaba It was designed to accommodate over 6 000 residents along the Gulf of Aqaba coast and features a marina located in the community center The luxury community will have hellip

Saudi Arabia is gearing up to host a spectacular array of business events spanning diverse industries and attracting global attention From exhibitions showcasing the latest innovations to summits fostering collaboration and knowledge exchange these events promise unparalleled opportunities for networking learning and growth Let 8217 s explore the details of upcoming business events in the Kingdom Saudi hellip

Keeping in line with Saudi Vision 2030 goals the GDP of Saudi Arabia is witnessing consistent growth The total GDP of Saudi Arabia rose by 1 3 percent in the first quarter of 2024 compared to the previous quarter This increase is a result of the rise in GDP of both the oil and non oil sectors hellip

May 8 will feature the inauguration of the initial European Chamber of Commerce of the Gulf region in Riyadh Saudi Arabia The European Chamber of Commerce hailed this as a historic milestone on their official website in Saudi Arabia marking it as a vital turning point in boosting trade ties between the European Union EU hellip

Lucid a leading US based manufacturer of electric vehicles EV has made a partnership agreement with Saudi Arabia 8217 s King Abdulaziz City for Science and Technology KACST to develop EV technology in the Kingdom Lucid is backed by Saudi s Public Investment Fund and will team up with the KACST team to conduct joint research on developing battery hellip

Saudi Arabia has become a sustainable tourism and hospitality leader in the Middle East and North Africa MENA region It is positioning itself as a trendsetter in developing sustainable tourism initiatives at a global level and designing new age hospitality experiences that are aligned with carbon emission goals The Kingdom is promoting a variety of projects across hellip

In a recent development the World Bank and Saudi s National Competitiveness Center NCC will join forces to establish a knowledge hub in Saudi Arabia The initiative focuses on advancing economic reforms across the globe and helping economies improve their competitiveness for conducting trade and business Saudi Arabia has greatly improved its economic competitiveness and ease hellip

The Saudi Ministry of Tourism is playing a pivotal role at the International Hospitality Investment Forum IHIF presenting an interesting prospect for global investors to explore the dynamic tourism landscape of the Kingdom Tourism Investment Enablers Program TIEP central to this engagement reflects Saudi Arabia 8217 s commitment to achieving its Vision 2030 aspiration of becoming a hellip