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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 of 3.3 percent in the initial quarter of 2024, coupled with an increase in the value of re-exports according to the official data by the General Authority for Statistics, Saudi.
As per the data, even though the national non-oil exports experienced a minor decline of 5.2 percent, the value of re-exported goods spiked by 31.5 percent during the same time.
The trend emphasizes the emerging role of Saudi Arabia as a logistical hub which is an important goal of growth and diversification strategy as a part of pioneering Vision 2030.
The Kingdom of Saudi Arabia secures membership in the ITF (International Transport Forum)
KSA secured a membership in the International Transport Forum on the periphery of the events held in Leipzig, Germany.
Saleh bin Nasser Al-Jasser, the Minister of Transport and Logistics said that the membership symbolizes the kingdom’s commitment to addressing transportation challenges through various innovative and sustainable solutions. This also boosts the transport and logistics sector of the kingdom, highlighting Saudi’s goal of becoming a global logistics center as a part of pioneering Vision 2030.
The Kingdom of Saudi Arabia to launch the 3rd European Film Festival.
Saudi Arabia is all set to launch the third European Film Festival by next week, hosted in both Riyadh and Jeddah.
The event kicks off next week, from May 29 to June 6, and is organized by the European Union Delegation to the Kingdom, in collaboration with the embassies of EU member states and Arabia Pictures. It will take place at VOX Cinemas Century Corner in Riyadh and the newly opened VOX Cinemas Jeddah Park in Jeddah.
This year’s festival is the largest yet featuring 21 European films from countries such as Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Lithuania, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, and Sweden.
KSrelief continues to provide aid in Sudan, Somalia, Lebanon, and Yemen.
KSrelief, the aid agency of KSA has been actively continuing the humanitarian projects in countries including Sudan, Somalia, Lebanon, and Yemen.
The agency distributed 950 personal hygiene kits to the displaced and needy families in Sudan, benefitting 5463 individuals. In Lebanon, KSrelief continued the Al-Amal Charitable Bakery Project in Akkar and Miniyeh, distributing 150,000 loaves of bread daily to Syrian and Palestinian refugee families, helping about 62,500 individuals.
In Yemen, 897 food parcels were delivered in Al-Abr, benefiting 6,237 people as part of the Kingdom’s humanitarian efforts.
In Somalia, KSrelief continued offering medical services in partnership with the Kidney Dialysis Center at Banadir Hospital in Mogadishu, serving 384 patients and providing dialysis, medical examinations, and emergency sessions.
Saudi Arabia to Host UNCTAD Global Supply Chain Forum in 2026
Saudi Arabia will host the UN Trade and Development Global Supply Chain Forum in 2026, strengthening its growing status as a global logistics hub.
The international event will bring together leaders, experts, and organizations to shape the future of international trade.
The first edition of this biannual event being held from May 21 to 24 in Bridgetown, Barbados, aims to serve as a platform for global conversation shaping the business and investment environment in line with UN sustainable development goals.
Al-Khateeb: Saudi Arabia Set to Transform Global Tourism Scene
The tourism sector of Saudi Arabia is making big waves globally, says Saudi Tourism Minister Al-Khateeb.
During a discussion at the 50th UN Tourism Regional Commission for the Middle East in Muscat from May 22 to 24, Saudi Tourism Minister Ahmed Al-Khateeb emphasized that the kingdom is working in cooperation with regional member states of the organization to further develop the industry and enhance tourism.
This aligns with Saudi Arabia’s National Tourism Strategy which aims to welcome 150 million visitors by 2030, boost the private sector, and attract foreign investments to stimulate economic growth and diversity.
