Saudi Arabia: Daily Business Update.

In a major boost to Saudi Arabia’s investment appeal, 127 international companies relocated their regional headquarters to the Kingdom in the first quarter of 2024. This represents an impressive 477 percent increase from the same period in 2023, highlighting Saudi Arabia’s growing allure as a prime business destination. The Saudi Ministry of Investment has played […]

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 to 31st May 2024 Smart Cities Expo Empowers Cognitive Living in KSA Amid Urbanization Wave in KSA As Saudi Arabia advances in its urban development, smart cities have become a […]

On Thursday, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, led the Kingdom’s delegation at the 121st meeting of the Gulf Cooperation Council’s Financial and Economic Cooperation Committee in Doha, Qatar. According to the Saudi Press Agency, chaired by Qatar’s Finance Minister, Ali bin Ahmed Al-Kuwari, the meeting included other Gulf finance ministers and GCC Secretary-General Jassim […]

The Kingdom of Saudi Arabia and Austria have taken a big step together to boost economic cooperation by signing a new MoU (Memorandum of Understanding). His agreement was made during the Saudi-Austrian Joint Committee meeting in Vienna. The MOU was signed by Faisal bin Fadel Al-Ibrahim, Minister of Economy and Planning of Saudi Arabia, 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 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 […]

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 […]

Saudi Arabia’s $ 500 billion futuristic city NEOM will feature a unique project named ‘Jaumur’ – 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 […]

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’s explore the details of upcoming business events in the Kingdom: Saudi […]

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, […]

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) […]

Lucid, a leading US-based manufacturer of electric vehicles (EV) has made a partnership agreement with Saudi Arabia’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 […]

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 […]

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 […]

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’s commitment to achieving its Vision 2030 aspiration of becoming a […]