Saudi Arabia’s Vision 2030 Spurs Business and Tourism Evolution
As Saudi Arabia strides towards becoming a top international tourist destination and a pivotal regional commercial nexus, there is mounting ...
Wednesday, December 18
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Tag: economic diversification
Navigating Turbulence: Saudi Businesses Adapt to Fiscal Prudence
Employees at Saudi state-supported firms have experienced unexpected budget reductions in recent times, with the onset of these austerity measures ...
Revamping Saudi Debt Markets: Strategic Tax and Regulatory Reforms
Saudi Arabia has announced an ambitious plan to enhance its debt capital markets, which includes potential tax relaxations aimed at ...
Saudi Arabia Boosts Economy with Aramco Share Sale
Investment Spotlight on Saudi Aramco’s Latest Share OfferingSaudi Arabia has made a striking move in the global investment scene by ...
Surge in GCC Bond and Sukuk Issuance Marks a Record High
Throughout the current year, GCC nations have collectively issued approximately $45 billion in bonds and sukuk. This impressive figure indicates ...
Latin American Firm Targets Saudi Investment Opportunities
Patria Investments Ltd., a prominent player in the alternative asset management space within Latin America, is actively pursuing the expansion ...
Saudi Arabia’s Economic Landscape: Q1 Insights
The latest figures from the General Authority for Statistics (GASTAT) indicate a complex yet promising economic situation in Saudi Arabia ...
Saudi Arabia’s GDP Sees Expansion in Q1 Amid Economic Diversification
The Kingdom of Saudi Arabia's real gross domestic product (GDP) witnessed an uplift of 1.4 percent in the opening quarter ...
Saudi Arabia’s Tourism Vision: A Global Investment Haven
The Saudi Ministry of Tourism has made a significant appearance at the 46th Annual NYU International Hospitality Investment Conference, showcasing ...
NEOM Unveils ‘Magna’ as Flagship Coastal Luxury Hub
The NEOM Board of Directors has announced the creation of Magna, a high-end coastal destination designed to elevate the standards ...
Saudi Arabia’s FDI Strategy Amid a Global Downturn
Boosting foreign direct investment (FDI) is crucial for Saudi Arabia's diversification from an oil-based economy, as outlined in Vision 2030, ...
Saudi Wealth Fund Initiates Space Sector Expansion
The sovereign wealth fund of Saudi Arabia, known as the Public Investment Fund (PIF), has established a new enterprise aimed ...
SME Financing in Saudi Arabia Grows Significantly in Q4
Riyadh Witnesses a 20.4% Surge in SME Funding to $73.5 BillionAs the last quarter of 2023 came to a close, ...
Ukraine Pursues Economic Alliances with Saudi Arabia
Ukraine is actively engaging with Saudi Arabian entities to secure financial collaborations aimed at diversifying its economy. The sectors under ...
Saudi Arabia Spearheads IPO Momentum in MENA for Q1 2024
Saudi Arabia has emerged as the frontrunner in Initial Public Offering (IPO) activities within the Middle East and North Africa ...
Saudi Tourism Horizons Expand with Red Sea Global’s New Partnerships
Red Sea Global Amplifies Saudi Tourism Offerings with Strategic AlliancesSaudi Arabia's efforts to bolster its tourism sector received a significant ...
Riyadh’s Industrial Ambitions Unveiled at Premier Global Event
The Deputy Minister of Industry and Mineral Resources of Saudi Arabia, Khalil bin Salamah, recently shone a light on the ...
Saudi Arabia’s Q1 Fiscal Review: A $3.3B Deficit Noted
Saudi Arabia disclosed a budget shortfall of 12.39 billion Saudi riyals (around $3.303 billion) for the initial quarter of 2024, ...
Saudi Arabia’s Resilient Financial Outlook Amid Economic Reform
Saudi Arabia's Robust Asset Position Upheld by Prudent Fiscal Measures The steadfast commitment of the Saudi government to diversify its ...
Diversifying Beyond Crude: Saudi Arabia’s Economic Shift
The Kingdom of Saudi Arabia has traditionally anchored its economic strength on its abundant oil reserves. Yet, the nation has ...
Decentralizing Prosperity: Saudi Arabia’s New Growth Narrative
Amid the towering skylines of Riyadh, Jeddah, and Dammam that epitomize Saudi Arabia's economic prowess, a transformative story of decentralized ...
Saudi Arabia’s Mining Renaissance: A Pillar for Economic Diversification
In the heart of Saudi Arabia, a significant shift is underway within the mining sector, which is set to become ...
Saudi Arabia’s Non-Oil Revenue Hits Record $453 Billion
Saudi Arabia's economy has reached a new milestone with its non-oil sector revenues hitting an unprecedented $453 billion.The nation's economic ...
Saudi Arabia’s Thriving Investment Prospects
Experts in the economic sphere are signaling a bright future for Saudi Arabia's investment environment, driven by its robust equity ...
Saudi Arabia Moderates Vision for ‘The Line’ Megacity
Recent reports highlight that Saudi Arabia has tempered its high-reaching objectives for a state-of-the-art megacity dubbed 'The Line,' grappling with ...
Saudi Arabia’s Non-Oil Sector Thrives, Signaling Economic Shift
The non-oil sector in Saudi Arabia is showing signs of robust growth, marking a significant milestone in the Kingdom's strategic ...
Rising Star in Global Investment: Saudi Arabia’s Strategic Leap
Amidst the global economic challenges, the business media sector has been closely monitoring the evolution of foreign direct investment (FDI) ...
Saudi Wealth Fund Initiates $3 Billion Iraq Investment Drive
The sovereign wealth fund of Saudi Arabia has recently launched a dedicated entity, furnished with a $3 billion capital, aimed ...
Neom Megacity’s Population Goal Scaled Down
Saudi Arabia has revised its population forecasts for the ambitious Neom megacity project, aiming for a smaller number of residents ...
Boosting the Saudi Coffee Scene: Reef Saudi’s Ambitious Strategy
The Sustainable Agricultural Rural Development Program, commonly known as Reef Saudi, has reiterated its dedication to fostering the coffee industry ...