#Vision 2030
International arrivals to Saudi Arabia reached 30 million in 2024, up from 27.4 million in 2023, demonstrating a robust upward trajectory for the tourism and hospitality sectors
Fitch said the country’s Vision 2030 project provides some flexibility in managing capital expenditure and debt issuance
Foreign investment would be limited to shares, convertible debt instruments, or both and would exclude “strategic foreign investors”
By championing sustainable, low-carbon solutions, the UK is uniquely positioned to work in partnership with the GCC to achieve its ambitious infrastructure goals
Adeera seeks to introduce a portfolio of distinctive Saudi hotel brands serving various segments, from mid-range to ultra-luxury, for different categories of visitors
The partnership will unlock up to $10bn in financing for Saudi Vision 2030 projects, boosting cooperation and commercial collaboration between the two nations
The Riyadh HQ will further bolster the aircraft maker’s commercial, defence, space and helicopter businesses in the region and globally
The 2025 budget estimates total expenditures of SAR1.3tn and total revenues of SAR1.2tn
The rating agency revised the country’s outlook to stable from positive, citing uncertainty regarding global economic conditions
The deal by Aramco Digital would be its first major transaction in the telecommunications industry
Nadhmi Al-Nasr, the long-time CEO of the Red Sea urban and industrial development nearly the size of Belgium, will be replaced by Aiman Al-Mudaifer
The developer is building close to 400,000 homes across Saudi Arabia, along with about 1,000 schools, as well as entire commercial and entertainment districts
Transforming customer experiences in Saudi Arabia requires a holistic approach combining technological innovation, cultural understanding, and customer-centricity
Mohamad Hashem, general manager of Saudi Arabia and Bahrain at Kaspersky, says the company is committed to bolstering the kingdom’s defences against sophisticated cyber threats
The finance ministry will transfer the entirety of its stake to the PIF at a share price of SAR41.60 apiece, subject to regulatory approvals and non-objections
The kingdom’s total spending came to SAR339bn in the quarter as it continued to spend heavily on its Vision 2030 transformation programme
The kingdom unveiled its Vision 2030 plan in 2016, which involves hundreds of billions of dollars of investments to wean the country’s economy off oil
The sovereign wealth fund is driving economic diversification by investing billions in new sectors to reduce oil dependency
Last year, deals worth $17.9bn were agreed at the forum and organisers say they expect $28bn in deals to be announced this year.
The Gulf state expects to post a fiscal deficit of SAR118bn, wider than the SAR79bn projected in the 2024 budget statement last December
The $63bn project is one of the Public Investment Fund’s giant construction efforts aimed at boosting economic growth
The platform addresses common challenges in the M&A process, such as high costs and fragmented service models, streamlined, and cost-effective alternative
The deal, which is expected to be completed in Q1 2025, is subject to regulatory and corporate approvals
The initiative is part of the Tourism Investment Enabler Program that is aimed at making Saudi Arabia a global tourism powerhouse
Huawei Cloud’s low latency of 25 milliseconds across Saudi Arabia demonstrates its commitment to delivering high-performance AI services
The ’24 Fintech event, taking place from September 3-5 in Riyadh, is set to be an essential gathering for industry leaders, investors, and innovators driving the future of finance
The updated law fosters a level playing field for both domestic and international investors
The government is considering helping pay off dues to banks, lending to the firm, and even potentially increasing its stake
The kingdom’s capital city Riyadh will host eight stadiums, including the new King Salman Stadium, which will accommodate over 92,000 spectators
The kingdom’s total public debt stood at SAR1.149tn at the end of June, up from SAR1.05tn at the end of last year