Vision 2030

Saudi Arabia's General Authority of Civil Aviation (GACA) has revealed plans to invest $100 million in order to further enhance the country's tourism efforts and aviation strategy. The investment aligns with Vision 2030, Saudi Arabia's long-term economic development plan. The announcement was made by Abdulaziz Al-Duailej, the president of GACA, during the 15th International Conference on Air Services Negotiations in...

A conference aimed at promoting economic opportunities for American firms in Saudi Arabia is set to take place in New Orleans. Organized by the US-Saudi Business Council and Texas-based law firm KN Legal, the event will feature speakers from Saudi Aramco, the US Export Assistance Center in New Orleans, and the Lafayette Economic Development Commission. The conference will provide valuable...

SEVEN, a subsidiary of the Public Investment Fund (PIF), has announced the opening of its fifth entertainment destination in Saudi Arabia's Aseer region. This marks a significant milestone for the region and aligns with Saudi Arabia's Vision 2030 initiative. The new entertainment destination has been strategically located between Abha and Khamis Mushait, in close proximity to Abha International Airport, with...

Saudi Arabia Raises $11 Billion Through Syndicated Loan to Fund Budget Deficit Saudi Arabia has secured a syndicated loan of $11 billion, making it the largest loan obtained by a government globally this year. The funding will be used to address the country's budget deficit amidst weaker oil revenues. The loan has a margin of 100 basis points above the...

Saudi Arabia has been selected to host the World Energy Conference in 2026, as announced by the World Energy Council (WEC). The 27th edition of this influential global conference will take place from October 26 to 29 in Riyadh. The Kingdom secured the hosting rights through a competitive bidding process involving all members of the National Committees of the Council....