Vision 2030

Saudi Arabian Airlines, colloquially known as SAUDIA, has proudly announced its participation in the third iteration of the LEAP tech conference. This prestigious event is taking place from the 4th to the 7th of March, 2024, at the Riyadh International Convention and Exhibition Center.At the forefront of SAUDIA's exhibition is its array of digital advancements, signaling a transformative phase in...

The Saudi Arabian government is channeling a significant segment of its $3.3 trillion investment, earmarked for the economic overhaul envisaged in Vision 2030, into developing the nation's human capabilities. The Minister of Investment underscored the critical nature of this endeavor, highlighting education as a fundamental investment sector.During a prominent event in Riyadh dedicated to the Human Capability Initiative, he emphasized...

Anticipation is building in Saudi Arabia as the Tourism Development Fund (TDF) and New Murabba Development Co. join forces, paving the way for increased financing and investment initiatives in the Kingdom's ambitious new downtown project. The collaboration, cemented with a memorandum of understanding (MoU), is set to propel the nation's socio-economic advancement with the development of New Murabba, located to...

In the Kingdom of Saudi Arabia, the labor market is experiencing a surge of activity, with a significant majority of employers set to bolster their teams. A recently released report indicates that a substantial 69% of companies in the region are preparing to expand their workforce during the current year.The findings, disclosed by a prominent recruitment agency in its annual...

Riyadh, KSA: A recent study by PwC has unveiled a strong sense of assurance among Saudi Arabian CEOs regarding the economic upswing of the Kingdom, with anticipation surpassing that seen on a global scale, as well as within the Middle East and Gulf Cooperation Council (GCC) regions. The Kingdom's gross domestic product (GDP) soared past the US$1 trillion milestone in...

The Saudi Ports Authority, also known as Mawani, recently held a ceremony to acknowledge the accomplishment of critical financial targets set by the Expenditure & Projects Efficiency Authority. The event recognized the outstanding contributions of various individuals who played a pivotal role in achieving these objectives. At the ceremony, which featured Mawani's President, Omar Hariri, and the CEO of the...

The Ministry of Energy in Saudi Arabia has heralded a significant stride in the nation's energy sector with the successful introduction of Euro 5 standard clean diesel and gasoline across its markets, marking a departure from earlier fuel types. These advanced fuels are designed to be compatible with all modes of transportation, and are part of the Kingdom's ambition to...

The fintech sector in Saudi Arabia is undergoing a significant evolution, driven by the country's strategic Vision 2030 objectives and an increasing demand for digital financial services. A detailed analysis by Ken Research predicts a robust growth for this sector, with an expected compound annual growth rate (CAGR) of 12.5% over the next five years. This expansion offers a wealth...

Consulum, a renowned strategic advisory firm with over ten years of service in the Kingdom, recently inaugurated their advanced regional headquarters in Riyadh. The capital city, known as a burgeoning nexus for commerce and the epicenter of the region's extensive development initiatives, provides a fertile ground for businesses to flourish within the dynamic commercial milieu of the Kingdom.Choosing Riyadh as...

ROSHN Group, the premier real-estate developer in Saudi Arabia backed by the Public Investment Fund (PIF), has proudly declared its role as the sponsor for the 10th anniversary of the influential Retail Leaders Circle (RLC) MENA Summit. Slated to take place on February 19-20, the summit will unfold at the Ritz Carlton in Riyadh.The RLC MENA Summit has established itself...

Tokyo - In a stride towards urban technological advancement, Japanese tech firm Uhuru has initiated an IT training program for engineers from the Saudi National Research Institute. This move is part of a strategic cooperation with Saudi Arabia's King Abdulaziz City of Science and Technology (KACST), established in 2022, to foster smart city and environmental technology development. As a component...

Based in Tokyo, the Japanese firm Uhuru is at the forefront of integrating intelligent technologies into urban living and has recently initiated a program to upskill IT professionals from the Saudi National Research Institute within Japan's tech landscape. The collaboration between Uhuru and the Saudi Arabian entity, King Abdulaziz City of Science and Technology (KACST), was officially formed in 2022...

The introduction of a unified tourist visa by the Gulf Cooperation Council (GCC) is poised to significantly influence the travel industry within Saudi Arabia as well as across the neighboring region. This sentiment was expressed by a high-ranking official within the Saudi government.Distinguished figures, including Saudi Arabia's Minister of Tourism, Ahmed Al Khateeb, were present at the eighth assembly of...

The Gulf Cooperation Council (GCC) is making headway in the business media sector with significant developments in regional tourism. At a recent meeting in Doha, tourism ministers from GCC countries convened to explore avenues for deepening cooperation and advancing the tourism industry. One of the crucial topics discussed was the implementation of a unified tourist visa for the GCC states,...

The Finance Minister of Saudi Arabia, Mohammed Al-Jadaan, recently highlighted that the nation's non-oil gross domestic product (GDP) is experiencing an upward trajectory, with a current growth rate surpassing four percent and expectations to go beyond five percent in the coming years.During his participation in a discussion at the 3rd Saudi Capital Market Forum held in Riyadh, Al-Jadaan pointed out...

The economic stature of Saudi Arabia has experienced a remarkable surge, with its Gross Domestic Product (GDP) escalating from SR2.6 trillion, equivalent to $690 billion, to surpassing the SR4 trillion mark, which is over $1.07 trillion. This growth has catapulted the nation to the 16th position among the influential G20 countries, as disclosed by Khalid Al-Falih, the Saudi Minister of...

The Kingdom of Saudi Arabia has been surpassing expectations in drawing investment flows, as articulated by the country's Investment Minister, Khalid Al-Falih.This sentiment was shared during a discussion at the third Saudi Capital Market Forum (SCMF) in Riyadh, which also featured Faisal Alibrahim, the Minister of Economy and Planning, and Mohamed AlTuwaijri, vice chairman of the Saudi National Development Fund.The...

The Kingdom of Saudi Arabia is surpassing expectations in its efforts to draw investments, as reported by the Kingdom’s Investment Minister, Khalid Al-Falih.Al-Falih conveyed these developments at the third Saudi Capital Market Forum (SCMF) in Riyadh, where he participated in a panel with Faisal Alibrahim, the Minister of Economy and Planning, and Mohamed AlTuwaijri, the vice chairman of the Saudi...

RIYADH, SAUDI ARABIA – The tech landscape in Saudi Arabia takes a significant leap forward as Marhaba Blockchain Information Systems (MRHB), a leader in web3 Infrastructure, announces a strategic partnership with the nation's revered Digital Economy Centre (DEC). This alliance is poised to enhance Distributed Ledger Technology (DLT) and Artificial Intelligence (AI) initiatives, in line with the objectives of the...

Marhaba Blockchain Information Systems (MRHB), a trailblazer in web3 infrastructure from Saudi Arabia, has announced a strategic partnership with the country's esteemed Digital Economy Centre (DEC). The alliance focuses on the development and implementation of Distributed Ledger Technology (DLT) and Artificial Intelligence (AI), initiatives that align with the technological ambitions of Vision 2030.Innovative Initiatives AheadMRHB's founder, Naquib Mohammed, has expressed...

Saudi Arabia's Finance Minister Mohammed Al Jadaan revealed at the Saudi Capital Markets Forum that the nation's non-oil economic growth is anticipated to exceed 5% in the coming years. This projection is marginally lower than the previously estimated 6% but is still poised to surpass regional growth rates this year."If you look at the non-oil GDP, it is growing at...

The Kingdom of Saudi Arabia has reaffirmed its leadership in the realm of digital governance, securing the highest rank in the Government Electronic and Mobile Service (GEMS) maturity index for 2023, as reported by the UN Economic and Social Commission for Western Asia (ESCWA). This marks the second consecutive year the Kingdom has accomplished this noteworthy achievement, with an outstanding...

The Kingdom of Saudi Arabia has embarked on an ambitious journey to transform its economy and society through Vision 2030, a strategic plan that underscores the significance of research and development (R&D) spearheaded by the nation's universities. These educational institutions are evolving beyond their traditional roles to become powerhouses of pioneering research that align with the Kingdom's lofty aspirations.A testament...

The Kingdom of Saudi Arabia anticipates its non-oil economic sectors to sustain a growth rate above 5 percent in the upcoming years, as shared by Finance Minister Mohammed Al Jadaan. This projection is a slight modification from the formerly anticipated 6 percent growth rate.Speaking at the Saudi Capital Markets Forum in Riyadh, Al Jadaan highlighted that the Kingdom's non-oil Gross...

A high-ranking team from Saudi Arabia's civil aviation sector, led by Abdulaziz Al-Duailej, the President of the General Authority of Civil Aviation, is set to embark on an important international journey. This tour will span several key global locations, including Singapore, China, and the United States, from February 19 to February 29.The delegation's mission is to engage in dialogues concerning...

The landscape of Saudi Arabia's business media is transforming, with the nation putting a strong emphasis on nurturing an environment conducive to entrepreneurial ventures, particularly within the technology domain. This shift is part of the broader Vision 2030 initiative. A prominent gathering in the Middle East is set to convene industry frontrunners to delve into sector-specific trends, confronting the media,...

The foundation for Bahri Logistics Center, a project of the National Shipping Company of Saudi Arabia (Bahri), was officially set at the Jeddah Islamic Port. A press statement by the Saudi Ports Authority (Mawani) disclosed that the facility will span an impressive 95,436 square meters and be operated by Bahri, featuring a range of storage solutions, including temperature-controlled zones, handling...

A specialized team from Saudi Arabia's civil aviation authority is set to embark on a series of diplomatic missions spanning three influential nations – Singapore, China, and the United States. From February 19 to 29, 2024, the group, led by Abdulaziz Al-Duailej, the head of the General Authority of Civil Aviation, will be engaging in high-level discussions focused on enhancing...

The KAUST Future Forum 2024 recently wrapped up, marking the end of a series of sessions focused on fostering partnerships in research, technology, and entrepreneurship. The forum featured prominent figures from various sectors who engaged in dynamic discussions about the future of science and technology.One of the pivotal discussions was steered by Abdulraheem Al-Gahmdi, Director of KAUST Academy, and included...

The Saudi Export Development Authority, known as Saudi Exports, is set to make its mark at the 9th Iraq International Energy Exhibition and Conference taking place in Baghdad from February 12-14. With the backing of the Prime Minister of the Republic of Iraq, Mohammed Shia' Al-Sudani, and the Iraqi Ministry of Electricity, the event is poised to be a significant...