Tag: economic diversification

Saudi Arabia’s central bank has reduced its benchmark interest rate from 6% to 5.5%, following a similar 50-basis-point cut by ...

The Saudi Export Development Authority, through its "Made in Saudi Program," has entered into a strategic Memorandum of Understanding (MoU) ...

Saudi Banking Sector Thrives Amid Economic Diversification: Moody’s Saudi Arabia's push for economic diversification is significantly boosting its banking sector, ...

Saudi Banking Sector Growth Driven by Diversification Efforts: Moody’s Saudi Arabia's push for economic diversification is accelerating the growth of ...

HALO Space, a leading company in near-space tourism, is advancing its plans in Saudi Arabia by setting up final assembly ...

Saudi Arabia has introduced a customs exemption for industrial businesses to help diversify and strengthen its economy. The Ministry of ...

Aluminium Bahrain B.S.C. (Alba) has entered a non-binding agreement with Saudi Arabian Mining Company (Maaden) to explore a potential business ...

Saudi Arabia is undergoing a significant transformation with its ambitious Vision 2030 plan, aimed at diversifying the economy and fostering ...

Saudi Arabia's Vision 2030: Environmental Sustainability and Economic Diversification Through Mining Countries are moving away from oil dependency due to ...

Saudi Arabia is initiating a massive $1 trillion investment plan across six key sectors by 2030, as highlighted by Goldman ...

Saudi Arabia is making substantial investments in sports, including a bid to host the 2034 FIFA World Cup. These efforts ...

Saudi Arabia's Minister of Investment, Khalid al-Falih, addressed skepticism about the country's economic diversification plan at the Ambrosetti Forum in ...

The Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has invited Chinese companies to invest in Saudi Arabia's ...

Saudi Arabia has eliminated hospitality license fees to boost tourism and attract investments, effective September 4. As part of its ...

Saudi Arabia has announced the cancellation of fees for commercial activity licenses for hotels, hotel apartments, and residential resorts. This ...

What's happening? Saudi Arabia's non-oil sector experienced a modest recovery in August, suggesting increased confidence in the private sector. Implications ...

Saudi Arabia is pursuing partnerships with Chinese firms in the automotive and automation sectors as a high-ranking industrial official begins ...

In a rapidly growing economy, organizational stability is crucial. Business continuity has become vital in Saudi Arabia, driven by the ...

Across the international scene, Middle Eastern sovereign wealth powerhouses have been notable for their aggressive investment strategies. The Saudi Public ...

Saudi Arabia has decided to allocate a mere 25% of its $1 trillion strategic investment plan to the oil sector, ...

A recent analysis from Goldman Sachs reveals that Saudi Arabia is set to channel $1 trillion into strategic sectors by ...

The Kingdom of Saudi Arabia has unveiled a set of new legislations aimed at enhancing transparency and streamlining the investment ...

Goldman Sachs highlights a significant transformation in Saudi Arabia's investment approach, predicting a substantial influx of $1 trillion into six ...

In a strategic pivot towards sustainable energy, Saudi Arabia is set to bolster its investment in the green sector, while ...

Saudi Arabia is set to channel a lower amount of capital into its oil industry than what was previously anticipated, ...

The Kingdom of Saudi Arabia is setting a strategic focus on broadening its economic landscape and enhancing the development of ...

During a recent dialogue session in Dalian, China, Saudi Arabia's Minister of Economy and Planning, Faisal Al Ibrahim, provided insights ...

Saudi Arabia is on track to clinch the title of the leading construction market worldwide, with substantial financial investments channeled ...

As Saudi Arabia strides towards becoming a top international tourist destination and a pivotal regional commercial nexus, there is mounting ...

Employees at Saudi state-supported firms have experienced unexpected budget reductions in recent times, with the onset of these austerity measures ...