The authority signed the contracts with Zamil Marine Services and Naghi Marine Company to provide diverse maritime services
Set to be built along the Gulf of Aqaba, Utamo, is crafted as an immersive destination for art and entertainment
The company will spearhead the kingdom’s efforts to ensure food security, mitigate climate change and achieve net-zero emissions by 2060
Qiddiya City expects to attract an anticipated 48 million visits per year with its never-built-before array of world-class attractions and venues
The budget estimates expenditures of SAR1.3tn in 2024 and total revenues of SAR1.2tn
The Saudi Tourism authorities hope to match visitor numbers to previous years which saw between 12 to 15 million tourists visit the annual festival
Some companies have raised concerns over the regulatory framework, including taxation
Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy
Jafurah is Saudi’s largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet
Expected to handle more than 90,000 flights per year, the new airport will feature 20 gates, along with 41 check-in counters and seven self-service check-in kiosks
A delegation of Saudi ministers and leaders were the first guests of the destination
The wealth fund will hold a 75 per cent shareholding in the company, while the SEC will own the remaining 25 per cent stake
The kingdom has qualified for the iconic tournament on six occasions since 1994 – most recently in 2022
The unemployment rate for female citizens fell to 15.7 per cent, from 19.3 per cent a year ago
The logistics firm set the price range at SAR98 and SAR106 per share, implying a market capitalisation on listing of as much as SAR8.5bn
The group’s head of programme and project management tells Gulf Business that MARAFY is an example of the company’s approach to integrated community development
The partnership is expected to significantly boost food security and self-sufficiency in poultry products in Saudi Arabia
The data centre will store data locally in line with Saudi Arabia’s data regulations
The kingdom will build 59 logistics centres with a total area of more than 100 million square meters
The four-day programme will host master developers, exclusive showcases of giga projects, as well as B2B real estate services
The fund aims to play a pivotal role in helping achieve the ambitious industrial development agenda of Saudi Arabia as it transforms its economy
The partnership is expected to create more than 500 new jobs for local talent across the kingdom
There are an estimated 4.2 million patients suffering from diabetes in Saudi Arabia, out of which 1.8 million are undiagnosed
Plant-based meat is increasingly being considered as an alternative to meat products in order to reduce the global carbon footprint of existing food systems
The project seeks to raise Saudi Pro League’s commercial revenues from SAR450m in 2022 to over SAR1.8bn annually
The Saudi Space Commission announced the successful separation of the SpaceX spacecraft carrying the two Saudi astronauts from the ISS
The destination hopes to be the gold standard for regenerative and sustainable tourism when it opens its doors to travellers later in 2023
Over 180,000 domestic and international attendees will attend the debut edition of Cityscape Global
The state remains the largest shareholder in Aramco after the transfer, as it retains more than 90 per cent of the company’s shares
The kingdom has one of the highest reserve coverage ratios among Fitch-rated sovereigns at 18 months of current external payments