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 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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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’s Vision 2030 Exceeds Targets for Women’s Leadership and Employment RIYADH – Saudi Arabia’s Vision 2030 has improved women’s leadership in the labour market where 1,707 […]

Saudi Arabia has upgraded its competitiveness ranking to 16th place out of 67 countries in the IMD World Competitiveness Yearbook. This is according to the Swiss-based Institute for Management Development annual report on business legislation and infrastructure, the Kingdom boasting of a 4th position among G20 countries. The National Competitiveness Center, in cooperation with other […]

Saudi Arabia is considering a significant policy change that would allow foreign law firms, already licensed to practice in the country, to establish companies fully owned by non-Saudis. This initiative aims to boost foreign investment, as announced by the National Competitiveness Center (NCC). The NCC shared on its X platform that it is seeking public […]

Saudi Arabia’s mining sector restructuring has set the Kingdom as the fastest-growing regulatory and Investment-friendly environment in the world over the last five years, according to a report by MineHutte, a research & consultancy firm. With these measures in place, the Kingdom has risen to become the second ranked country globally in terms of friendly […]

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 02nd to 08th June 2024 Saudi Arabia Unveils Incentives Framework for Environmental and Meteorological Investment RIYADH – On World Environment Day observed on June 5, 2024, Saudi Arabia announced an incentives […]