Saudi Arabia launches Rua Al Madinah Project
Saudi Arabia recently unveiled the Rua Al-Madinah masterplan - a mega real estate development near the Grand Mosque.
The project will be developed by the Rua Al-Madinah Holding Company{_blank},...
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Demand for tourism services in Saudi Arabia soars
Saudi Arabia has witnessed demand for tourism services increase 108% according to a recent Business Traveler report.
Consequently, the value of tourism services reached SAR 4.1 billion (USD 1.1 billion)...
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Saudi Arabia reports budget surplus from oil revenues
Saudi Arabia’s economy is predicted to grow at 7.6% this year according to the International Monetary Fund’s (IMF) World Economic Outlook 2022 report.
Its estimates for Saudi Arabia contradict the...
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More investment in local industry under NIDLP
Saudi Arabia`s National Industrial Development and Logistics Program (NIDLP) invested SAR 378 billion (USD 100 billion) in local industry projects according to its 2021 report.
The program was introduced...
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Saudi Arabia’s spending on health and education up
Saudi Arabia has increased its expenditure in the health and education sectors in the first half of 2022 according to recent figures published by the government{_blank}.
These...
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Saudi Arabia’s logistics sector is reaching out to the world
Saudi Arabia`s Ministry of Transport is developing the logistics sector to support the Vision 2030 program of social and economic reform.
Diversifying the economy away from hydrocarbons is an important...
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Artificial intelligence to be top contributor in MENA
Artificial intelligence (AI) is estimated to contribute SAR 1.2 trillion (USD 320 billion) to the economic growth in the Middle East and North Africa (MENA) region by 2030.
The figures were derived...
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Interest of foreign investors booms in Saudi Arabia
Saudi Arabia’s Ministry of Investment (MISA) facilitated over 100 investment contracts valued at SAR 15 billion (USD 4 billion) in the first quarter of 2022.
The investments will create over 5,800...
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Public Investment Fund doubles down on gaming sector
Saudi Arabia’s Public Investment Fund (PIF) is doubling down on the gaming sector, making its fourth investment this year.
As part of the country’s economic diversification strategy in line with...
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Women in Saudi Arabia to transform family businesses
More Saudi women entering leadership positions in family businesses will inspire others according to a recent report published by KPMG.
The findings are part of the KPMG ["The Power of Women in Family...
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PIF generated half a million jobs in Saudi Arabia
Saudi Arabia`s Public Investment Fund (PIF) has generated over 500,000 jobs in 13 strategic sectors.
One of the central roles of the PIF is to increase economic and business opportunities in the Kingdom...
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Saudi Green Initiative to be launched in November
Saudi Arabia will launch the Saudi Green Initiative in November as the Kingdom continues its journey towards a sustainable future.
Sustainability is at the heart of the Saudi Vision 2030{_blank}...
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Innovation driven by health sector in Saudi Arabia
Saudi Arabia is actively encouraging innovation in the health sector to promote healthier lifestyles with better mental health.
It is expected to result in superior healthcare with benefits including...
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Saudi Arabia’s hospitality sector is expanding quickly
Saudi Arabia welcomed 15 million tourists in the first three months of 2022 as the tourism sector witnessed a post pandemic revival.
Prior to the pandemic, Saudi Arabia transformed its tourist visa...
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Turkey and Saudi Arabia enroute to revive ties after visit
Saudi Arabia`s King Salman welcomed Turkish President Tayyip Erdogan recently at the al-Salam palace in the Red Sea city of Jeddah.
It is hoped the visit will lead to the normalisation of relations...
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Saudi Arabia improves status of foreign investors
Saudi Arabia`s most recent investment law is expected to increase international business in the country by 50 percent and significantly increase the country’s non-hydrocarbon gross domestic product.
The...
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Saudi Arabia’s economic performance in 2021
Saudi Arabia`s economy recovered in 2021 after a difficult year with the restrictions of the pandemic as national, regional and international vaccination campaigns were rolled out and had an effect also...
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Saudi Arabia launches Al Ula masterplan
Saudi Arabia has launched “The Journey Through Time” masterplan to develop the 200,000 year old area of Al Ula. It will be implemented in three phases with the first phase set to be completed by 2023...
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Saudi Arabia’s business activity expands rapidly
The Kingdom of Saudi Arabia has seen an increase in the business activity at the fastest pace since 2017 according to the most recent figures for the first half of the year.
[The Purchasing Managers...
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Launch of Business Start Up Saudi Arabia
Launch of Business Start Up Saudi Arabia
Dear businessmen and women, colleagues, friends and followers!
We are pleased to announce the launch of Business Start Up Saudi Arabia
It...
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The impact of the digital transformation on Saudi Arabia’s economy
The Kingdom of Saudi Arabia has the potential to double the size of the economy to SAR 6 trillion (USD 1.6 trillion), if it endorses, promotes and supports the digital transformation in the country.
This...
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Economic diversification is key to the growth of Saudi Arabia’s economy
Economic diversification is key to the development of the Kingdom of Saudi Arabia and the diversification of the economy. It is expected to have positive effects which will lead to long-term benefits for...
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Saudi Arabia’s economic outlook in line with the Saudi Vision 2030
Experts forecast that the economy of the Kingdom of Saudi Arabia will grow more significantly in the next years as the country looks towards economic diversification, self-sufficiency and sustainability...
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