The framework for future-proofing tourism revolves around three core pillars: People, Planet, and Purpose. This vision is particularly evident in the GCC, where a people-first transformation is taking place.

The kingdom accelerates its biotech and genomics sector with substantial investments, in line with Vision 2030's push for economic diversification and innovation, according to ADL report.

Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced significant progress in attracting industrial and logistical investments for 2023 which hit SAR14.45 billion ($3.85 billion), according to Trade Arabia.  Releasing its annual report for 2023, Modon highlighted the significant progress in attracting investments, developing industrial infrastructure, and promoting...

Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports and enhance local capabilities.

Riyadh, Saudi Arabia -- A total of $13.4 billion in investments were announced during the third edition of the International Tech Conference LEAP, the biggest global tech event in terms of turnout, which has concluded in Riyadh on Thursday. LEAP conference organized by the Ministry of Communications and Information Technology,...

Employers in the Kingdom anticipate workforce expansions and salary hikes, though grappling with talent shortages and evolving work models, says a report.

Riyadh, Saudi Arabia -- King Saud University (KSU) has achieved a new global milestone by entering the Guinness World Record for the largest dental hospital in the world, with a total area of 37,165 square meters. This achievement confirms the university's commitment to providing healthcare services, supporting medical education, training...

Riyadh, Saudi Arabia  - About 61 purchase contracts totaling approximately SR26 billion  ($6.93 billion) were signed at the second World Defense Show (WDS) which concluded here on Thursday.   The event, featuring 773 exhibitors and hosting 441 official delegations from 116 countries, attracted 106,000 visitors. Throughout the show, a total of...

Jeddah, Saudi Arabia -- As many as 25,000 fragments of artifacts dating from the early Islamic era, the first two centuries of AH (7th to 8th centuries AD) have been discovered in Saudi Arabia. The discovery was announced by the Jeddah Historic District Program, in collaboration with the Heritage Commission....

There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco Arcelli, CEO of ACWA Power, tells TRENDS.

The presence of multinationals promises a transfer of expertise and skills, enhancing opportunities for Saudi youth and contributing to the Kingdom's diversification.

"This is in the service of humanity and in building an interconnected and innovative future in various fields, including public health, sustainability, energy, industry, and the economies of the future. This aligns with the ambitions and national priorities for research, development, and innovation declared by the Kingdom," he adds.

"The Davos meeting provides a platform for showcasing Saudi Arabia’s significant efforts and progress in these areas ... International partnerships play key role in addressing contemporary challenges, particularly in food, water, energy, and securing sustainable global supply chains," he adds.

Companies in the region are leveraging artificial intelligence to enhance customer experiences, streamline operations, and stay competitive in the dynamic marketplace.

The projects in 6 industrial cities are valued at $143 million.

In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost & Sullivan projected $50 bn investment by 2025.

Riyadh, Saudi Arabia -- The National Debt Management Center (NDMC) completed the arrangement of a syndicated international loan worth $11 billion. A total of 14 international financial institutions from Asia, the Middle East, Europe, and the US participated in the 10-year loan, NDMC said in a statement Sunday, according to...

Riyadh, Saudi Arabia -- Crown Prince Mohammad bin Salman, Prime Minister and Chairman of the board of directors of the Qiddiya Investment Co. (QIC) launched the urban design for the city of Qiddiya and Qiddiya’s brand, Saudi Press Agency reported. Qiddiya city will become, in the near future, the foremost...

ABHA, SAUDI ARABIA - Extending over 34 kilometers, the Abha Valley Basin enjoys a variety of wildlife aspects, civilizational features and variety of terrain that makes it ideal for tourism. Situated at an altitude of 2,983 meters and having steep slopes, the basin, with a dense vegetation cover, is terraced...

"As we look ahead, the manufacturing landscape is set to continue evolving, navigating through the VUCA (volatility, uncertainty, complexity, and ambiguity) environment. This evolution goes beyond merely boosting productivity. It's about fostering innovation, sustainability, and shaping a future that melds human creativity with technological advancement," he adds.

JEDDAH, SAUDI ARABIA - From the start of the month of Muharram until the end of Rabi' Al-Awwal, Saudia Airlines transported 814,000 Umrah performers to and from Saudi Arabia, a 50 percent increase over last year, according to a press release issued by Saudia. Its commitment to operate during the...

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Investment signed three memoranda of understanding (MoU) in the fields of biotechnology, medicine, financial services, education and training on the sidelines of the seventh edition of the Future of Investment Initiative Conference here. The MoUs were signed in the presence of the...

Despite global economic challenges, the region showcased resilience in the first half of 2023, backed by a robust performance in the construction sector.

RIYADH, SAUDI ARABIA - The Kingdom's Ministry of Economy and Planning signed a deal with Alfaisal University to promote economic development and implement awareness programs, in line with Saudi Vision 2030 goals. Under the MoU, the two parties will cooperate to promote economic development, activate academic research, implement awareness programs...

"The Saudi economy achieved a growth rate of 8.7 percent in 2022, the fastest among G20 countries, surpassing the expectations of international organizations, which had estimated it at a maximum of 8.3 percent," the minister points out, adding that the Kingdom ranks 17th among the world's 64 most competitive economies.

With an estimated IT spending of $175.5 billion in 2023, the region is embracing digital solutions, leveraging advanced technologies, and investing in flagship projects.

The Kingdom's exports of dates and their derivatives increased by 5.4 percent annually in 2022, reaching a value of US$ 340 million.

Saudi Aramco's King Salman Complex, set to be the largest marine industry hub in the Middle East, is expected to boost Saudi Arabia's GDP by over $17 billion.

Turkish President Recep Tayyip Erdogan has embarked on a three-state Gulf tour, beginning with Saudi Arabia, as he seeks to attract foreign investment in Turkey's ailing economy. The visit comes as Turkey battles currency collapse and soaring inflation. The Saudi-Turkish business forum was aimed at enhancing trade and investment relations.

RIYADH, SAUDI ARABIA - The Minister of Human Resources and Social Development and Chairman of the Board of Directors of the National Center for Non-Profit Sector, Eng. Ahmed bin Sulaiman Al-Rajhi, praised the contributions of the non-profit sector in achieving Saudi Vision 2030. The Saudi Arabian government has outsourced certain...

The experiments by Barnawi, focused on understanding the behavior of immune cells in space, could lead to the prevention and early treatment of certain diseases.

The mission of Saudi astronauts Rayyanah Barnawi and Ali AlQarni involves 14 pioneering experiments in microgravity to further space and scientific research.

Bern, Switzerland-- Seeking to expand its industrial base, Saudi Arabia is keen to widen cooperation with Switzerland in the industrial and mining sectors, besides increasing access to non-oil exports. In this connection, the Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim AlKhorayef, held a meeting with Switzerland's State...

Urban development projects such as Cube and NEOM are aimed at improving the quality of life and creating a stimulating environment for foreign investments in the Kingdom.

"The country continues to grow in various sectors such as the energy sector, including oil, gas, and renewable energy, which contribute significantly to the growth and prosperity of the economy. Furthermore, significant opportunities will be available in all of the Kingdom's economic sectors," he adds.

Riyadh, Saudi Arabia-- The General Authority of Civil Aviation (GACA) has signed an agreement with the British Civil Aviation Authority (CAA) in the field of aviation safety, including upgrading the organizational systems for safety in aviation and improving the national safety program.The agreement was signed by GACA Executive Vice President...

Riyadh, Saudi Arabia--The Invest in Saudi Arabia forum, which will be held on Monday in Kuwait, will see the participation of the representatives of the private sector of both countries, major companies and government agencies. Saudi Arabia's Minister of Investment Khalid bin Abdulaziz Al-Falih will be visiting Kuwait to attend...

It aims to enhance global cooperation and design joint solutions to today’s geopolitical, social, economic, and human development challenges. Saudi’s delegation will discuss how it addressed challenges posed by the pandemic and share insights into the solutions that helped maintain a robust performance in the face of rising global pressures.

RIYADH, SAUDI ARABIA -  Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor Company for building an assembly plant in the country. The MoU was signed in the presence of  Minister of Industry and Mineral Resources Bandar Al-Khorayef, Minister of Economy and Planning...

Riyadh, Saudi Arabia---  As many as 20 Vietnamese companies that participated in the Saudi-Vietnamese Business Forum on Tuesday evinced interest in investing in the kingdom and benefiting from the opportunities offered by its transformative Vision 2030. More than 20 Saudi companies also attended the forum organized by the Federation of...

Riyadh, Saudi Arabia- --Saudi Arabia will host the World Under-21 Snooker Championship for men and women in July 2023, SPA reported. The championship is being hosted at the request request of the Saudi Arabian Billiard and Snooker Federation and the official approval was made during the meetings of the General...

The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of the key objectives of the Saudi Vision 2030.

The Kingdom's service sector is expected to grow rapidly once the major Vision 2030 tourism and entertainment projects - Qiddiya, the Red Sea project, NEOM, Al-Ula - are completed.

The investment is expected to be made in nine new projects across the country.

Saudi Arabia, the world's second-largest oil producer that produced more than 10 million barrels of crude per day before the pandemic, plans to produce 13.5 million barrels by 2027, as well as 23 billion cubic feet of gas by 2030.

The Kingdom's startup Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater in humidity-controlled greenhouses.

Named Moyasar Financial Company, the new entity is expected to provide ecommerce payment services.

The Federation of Saudi Chambers of Commerce signed an agreement to host the local network of the United Nations Global Compact in the Kingdom of Saudi Arabia. This affirms the Federation’s role in supporting the efforts of the UN Global Compact and realizing the importance of corporate sustainability in implementing...

The Saudi decision to transfer 4% of Saudi Aramco shares worth $80 billion to the kingdom’s Public Investment Fund is designed to shore up the sovereign wealth fund.

The transfer was part of Saudi Arabia’s long-term strategy to support the restructuring of its economy, in line with Vision 2030.