News

Demand and timing key to success in Saudi Arabia

Saudi Arabia’s technology sector is growing rapidly as start-ups, scale-ups and small businesses take advantage of the Kingdom’s ongoing economic reforms.

Specifically, tech start-ups and scale-ups have benefitted from numerous initiatives and the sector has witnessed the success of several national...

28/06/22

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 of Saudi Arabia. The PIF is among the world’s largest sovereign wealth funds. It currently manages assets of SAR 2.33 trillion (USD 620...

21/06/22

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 as the Kingdom intends to reach net zero by 2060. The initiatives will aim for reduction of desertification ...

14/06/22

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 lower costs and improved patient experiences providing a higher quality of life. This goal can be accelerated by integrating modern technology into communication, diagnosis and treatment of ailments...

07/06/22

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 processes and opened up the countries attractions to citizens from around the world. Visitors are keen to explore Saudi Arabia and enjoy its UNESCO world heritage sites which include Al Ula...

31/05/22

Saudi Arabia’s economy is estimated to grow significantly

Saudi Arabia's economy grew by 9.6% in the first quarter of 2022 according to flash estimates by the General Authority for Statistics (Gastat).

Early figures record the highest rate of growth since 2011 driven by a 20.4% increase in the oil sector, most notably crude oil and natural gas. Conversely, non-oil activity increased the growth of the Arab world’s...

24/05/22

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 after intense efforts to repair strained ties. Crown Prince Mohammed bin Salman attended the ceremony before having a one-on-one meeting with the President.

King Salman invited Erdogan to the Kingdom...

17/05/22

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 new law treats all investment equally, therefore removing any and all commercial advantages or disadvantages of local and foreign owned business. It emphasizes the principle of competitive neutrality...

10/05/22

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 driving export of oil.

The first quarter of 2021 witnessed Saudi Arabia’s export value and volume increase for the third consecutive quarter and reaching the highest level since the fourth quarter...

18/01/22

Saudi Arabia is breeding ground for success stories

The most recent news from Saudi Arabia suggest that the country has a lot of potential for entrepreneurs, start-ups and scale-ups from around the world. It is a breeding ground for success stories like Tamara and Opontia.

Saudi Arabia’s Tamara, one of...

05/10/21