Saudi banks extend $2.4bn in home loans in Feb.; demand broadens across nationals and expats
Saudi Arabia’s banks issued SR8.91 billion ($2.37 billion) in new residential mortgages to individuals in February — a 28.33 percent annual increase, according to official data. Figures from the Saudi Central Bank, also known as SAMA, show that apartment lending recorded the highest growth during this period, rising by 46.45 percent to SR2.9 billion. While […]
Saudi Arabia’s M&A boom: Shaping a future-ready economy for Vision 2030
Amid the mergers and acquisitions boom in Saudi Arabia, the approval of economic concentration requests by the General Authority for Competition is reshaping the country’s business landscape, signifying a strategic shift toward market consolidation and growth. Such oversight is required in the M&A market to ensure that they do not create monopolies or disrupt market […]
Ras Al-Khair becoming Saudi Arabia’s industrial powerhouse
Saudi Arabia’s industrial and mining sector has long been recognized for its scale and significance, and Ras Al-Khair Industrial City, on the Kingdom’s eastern seaboard, is proving a critical driver of global supply chains. A recent media visit to Ras Al-Khair Industrial City, organized by the Ministry of Industry and Mineral Resources, provided an exclusive […]