Search result for: Saudi Arabia Economy
Saudi Arabia is taking significant steps to diversify its economy away from its traditional dependence on oil. In an effort to achieve a more balanced economy with crops that offer higher economic returns, the country has set an ambitious target of planting 1.2 million coffee trees by 2026, as reported by the Saudi Press Agency. […]
The highly anticipated E3 Customer Experience Conference 2023, organized by Ejtemaat Saudi Arabia in partnership with the Saudi CX Association, concluded on a triumphant note.
Mohammed Hassan Alnaimi is the Chief Executive Officer of Arabian Consolidated Trading Group (ACT), a leading diversified conglomerate based in Saudi Arabia. Under his strategic leadership, ACT has expanded into a wide range of sectors, including crane and heavy equipment rental, manufacturing of wooden pallets, plastic products, construction materials, and medical services. His vision and […]
The UAE, Saudi Arabia, and Qatar maintain their positions among the top 10 emerging markets for logistics worldwide, with improvements or stability in key areas, while neighboring Oman, Bahrain, and Kuwait have witnessed declines in their rankings. In the 15th annual Agility Emerging Markets Logistics Index, which evaluates 50 markets globally for overall competitiveness in […]
The Ministry of Investment in Saudi Arabia has introduced a mechanism to grant premium residency to executives based at regional headquarters, as part of the country’s ongoing efforts to enhance its business environment. This initiative is a collaborative effort with the Premium Residency Center, according to an official release. In its pre-budget statement for 2024, […]
Saudi Arabia has adjusted its growth projections and is now anticipating a budget deficit for this year, instead of the earlier expected surplus, as indicated in a preliminary budget statement released by the Ministry of Finance. The largest economy in the Arab world expects the real gross domestic product (GDP) to expand by a modest […]
The lord mayor of the City of London, Nicholas Lyons, praised the remarkable efforts of Saudi Arabia and other Gulf countries in their pursuit of cleaner and more sustainable economies, describing them as “world-leading” in their endeavors. His comments were made during his visit to the Kingdom and the UAE earlier this year, with upcoming […]
In a bid to diversify the nation’s economy and embrace the allure of nature, Saudi Crown Prince Mohammed bin Salman has inaugurated the groundbreaking “Soudah Peaks” masterplan. This visionary project aspires to transform the picturesque Soudah region into a global hub for luxury mountain tourism, situated atop Saudi Arabia’s loftiest peak. Crown Prince Mohammed bin […]
Saudi Arabia has attained a remarkable milestone as its Gross Domestic Product (GDP) has surpassed the coveted $1 trillion mark for the first time, according to a statement by the Federation of Saudi Chambers (FSC), the apex body representing the Kingdom’s business community. The FSC, in partnership with the Saudi Press Agency, announced that Saudi […]
Amidst the backdrop of global economic challenges, Saudi Arabia has demonstrated resilience in its trade performance, with the Kingdom’s overall merchandise exports remaining steady in July, reaching SR91.3 billion ($24.34 billion). This represents a marginal decrease of only 0.4 percent compared to the previous month, according to official data. The General Authority for Statistics (GASTAT) […]
