June 12, 2023

The Industrial Production Index of Saudi Arabia demonstrates a 3.2% increase in the month of April.

The Kingdom’s Industrial Production Index (IPI) rose by 3.2 percent in April 2023 compared to the same month the previous year, according to official data released by the General Authority for Statistics.

June 12, 2023

The CEO of Diriyah predicts that Saudi Arabia will emerge as an appealing choice for Chinese tourists.

In a recent statement, the CEO of Diriyah, a historic site and cultural hub in Saudi Arabia, has expressed confidence in the country’s potential to become an alluring destination for Chinese tourists.

June 11, 2023

Wizz Air aims to be a part of the flourishing aviation industry in Saudi Arabia.

Wizz Air, one of Europe’s leading low-cost airlines, has set its sights on becoming an integral part of Saudi Arabia’s remarkable success story in the aviation sector.

June 10, 2023

Clara inaugurates a new office in Saudi Arabia

Clara, the legal technology company revolutionizing legal tasks for founders, has expanded its global reach with the opening of a new office in Riyadh, Saudi Arabia.

June 3, 2023

The PIF of Saudi Arabia has announced its intention to acquire a 30% stake in the Kingdom’s premier grocery chain.

Saudi Arabia’s Public Investment Fund (PIF), the Kingdom’s sovereign wealth fund, has announced its strategic investment in Tamimi Markets Co., a prominent grocery chain in Saudi Arabia.

June 3, 2023

Lucid Group intends to secure $3 billion in funding, with a primary focus on the Saudi Arabian PIF.

Lucid Group, has announced its plans to raise $3 billion through a combination of a stock offering and a private placement

June 1, 2023

Amazon doubles storage capacity in Saudi Arabia with new Riyadh facility.

In a move aimed at expanding its presence and enhancing selling opportunities for small and medium-sized businesses (SMBs), Amazon has launched a new fulfillment center in Riyadh, Saudi Arabia.

May 27, 2023

Visa has introduced a program aimed at providing assistance to female entrepreneurs in Saudi Arabia.

Visa, in collaboration with the Ministry of Communications and Information Technology, the Small and Medium Enterprises General Authority (Monsha’at), and Arab National Bank

May 26, 2023

Saudi Arabia and Azerbaijan have entered into an energy cooperation agreement.

Saudi Arabia has solidified its commitment to regional collaboration by signing a comprehensive agreement with Azerbaijan.

May 26, 2023

The value of Saudi Arabia’s exported goods experiences a 4.4% increase, reaching $28 billion.

According to the latest report released by the Kingdom’s General Authority for Statistics, Saudi Arabia witnessed a 4.4% increase in total merchandise exports in March

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