Saudi Arabia: Daily Business Update.

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