PIF, Hyundai to build $500m high-tech car manufacturing plant in Saudi Arabia
In a groundbreaking development aimed at transforming Saudi Arabia’s automotive landscape, the Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have officially signed a joint venture agreement to establish […]
Russia, Saudi Arabia eye mutual trade boost – ministers
Saudi Energy Minister Prince Abdulaziz bin Salman and Russian Deputy Prime Minister Alexander Novak said on Thursday that both countries seek closer trade ties. Novak also said that Russia and […]
Saudi Arabia’s electricity and gas supply sector sees 21.5% growth: GASTAT
Saudi Arabia’s electricity and gas supply sector grew by 21.5 percent in August compared to the same month last year, according to the General Authority of Statistics. The electricity and […]
Saudi Arabia forecasts slower growth, budget deficit for 2023
Saudi Arabia has lowered its growth forecast and expects to post a budget deficit this year rather than an earlier projected surplus, a preliminary budget statement showed on Saturday. The […]
Saudi economy enters trillion dollar club: report
A report by the Federation of Saudi Chambers , issued on the occasion of the kingdom’s 93rd National Day, revealed that the kingdom’s gross domestic product (GDP) reached SAR4.155tn, exceeding the […]
Saudi Ministry signs MoU with Alfaisal University
Saudi Arabia’s Ministry of Economy and Planning has signed a memorandum of understanding (MoU) with Alfaisal University to promote economic development and implement awareness programs and initiatives to serve the […]
Saudi Arabia launches ‘Fuel’ program
Saudi Arabia’s Ministry of Communications and Information Technology and the global online learning platform Coursera, in cooperation with the National eLearning Center, have launched the ‘Fuel’ program to provide training […]
Saudi Arabia & Uruguay discuss ways to support bilateral cooperation
Saudi Arabia’s Minister of Investment Eng. Khalid Al-Falih met a number of ministers in Uruguay during his visit to the country. This visit comes within Eng. Al-Falih’s visit to Latin […]
KPMG: Majority of CEOs remain confident of Saudi Arabia’s growth prospects
Saudi Arabia – KPMG, a leading provider of audit, tax and advisory services in the Kingdom of Saudi Arabia, has unveiled their latest CEO Outlook, titled ‘Gearing up for growth […]
Saudi’s SAMA issues instructions for practicing aggregation activity
The Saudi Central Bank (SAMA) announces the issuance of the “Instructions for Practicing Aggregation Activity” as an annex of the “Rules of Licensing Finance Support Activities.” This initiative reflects […]
