Saudi Arabia: Daily Business Update.

Stay informed with our Daily update on key Saudi business developments

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Q2 2024 witnesses a spike in Saudi Arabia’s tech sector registrations

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 […]

weeklyroundup 07th July

Saudi Weekly Insights: Fortis expands into Saudi Arabi’s SME Sector 

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 […]

Saudi sees increase in business registration

Saudi Arabia sees a 78% increase in Business registrations as the Private sector booms 

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 […]

Saudi sees increase in tourist spending

Saudi Arabia sees 23% surge in Tourists’ spending, reaching $12 bn  

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 […]

saudi arabia's FDI rises

Saudi Arabia’s FDI rises by 5.6% in FDI in Q1 2024

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 […]

saudi 29th june

Saudi Arabia this week

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 […]

UK Investors Eye NEOM, Qiddiya and Diriyah Projects

UK Investors Eye NEOM, Qiddiya and Diriyah Projects

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 […]

saudi 23rd june

Saudi Arabia this week

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 Advances in Global Competitiveness Rankings to 16th Place

Saudi Arabia Advances in Global Competitiveness Rankings to 16th Place 

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's Initiative to Permit Non-Saudis to Establish Law Firms

Saudi Arabia’s Initiative to Permit Non-Saudis to Establish Law Firms

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 Emerges as Global Leader in Regulatory and Investment Reforms

Saudi Arabia’s Mining Sector Emerges as Global Leader in Regulatory and Investment Reforms

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 […]

saudi 8th june

Saudi Arabia this week

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 […]

127 Companies Move Regional HQs to Saudi Arabia in Early 2024, Surging by 477%

127 Companies Move Regional HQs to Saudi Arabia in Early 2024, Surging by 477%

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 […]

Saudi Arabia this week 6

Saudi Arabia this week

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 […]

Saudi Arabia joins in Finance and Municipal Affairs Meeting in Qatar

Saudi Arabia joins in Finance and Municipal Affairs Meeting in Qatar

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 […]

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