Nine major deals worth $9.3bn signed at Riyadh WIC
Nine transformative investment deals under Saudi Arabia’s Global Supply Chain Resilience Initiative (GSCRI), valued at over $9.3 billion, were unveiled on Tuesday at the 28th World Investment Conference (WIC) in Riyadh. The deals include major projects such as copper smelting and refining facilities with Vedanta, advanced titanium projects with AMIC and Tasnee, and rare earth […]
Saudi Arabia announces $340bn spending for FY2025
Saudi Arabia’s Ministry of Finance today (November 26) announced the state budget for FY 2025 with revenues projected at SAR1.18 trillion ($315.7 billion) and expenditure at SAR1.28 trillion ($340 billion). These estimates indicate a deficit of SAR101 billion ($26.8 billion), which represents about 2.3% of GDP, reported SPA. The figures align with projections from the […]
King Salman inaugurates Riyadh Metro
The much-awaited Riyadh Metro, the backbone of Saudi capital’s public transport network, was inaugurated on Wednesday (November 27) by King Salman bin Abdulaziz Al Saud. King Salman viewed an introductory video about the Riyadh Metro — one of the Kingdom’s major projects during his reign — distinguished by its standout design and technological features, with […]