Qiddiya launches executive office to strengthen engagement with business partners
Qiddiya Investment Co., fully backed by Saudi Arabia’s Public Investment Fund, has launched an executive office dedicated to overseeing destination marketing and management. The new office, called “Spirit of Play,” represents the company’s first initiative to build strategic partnerships with businesses, investors, and professionals, according to the Saudi Press Agency. The development of cities like […]
Up to 77% of Swedish firms in Saudi plan to boost investment over the next year, official says
Up to 77 percent of Swedish companies operating in Saudi Arabia plan to increase their investment over the next year, according to a top official from the European country. In an interview with Arab News, Director General of Trade Policy at the Swedish Ministry of Foreign Affairs Camilla Mellander cited a recent study by Business […]
Saudi Aramco reports $27.52bn net profit in Q3
Energy giant Saudi Aramco reported a net profit of SR103.37 billion ($27.52 billion) in the third quarter of this year, exceeding analyst expectations, which projected a median net income of $26.9 billion. In a statement, the firm revealed that its net profit for the third quarter witnessed a decline of 15.40 percent compared to the same […]