Saudi Arabia’s non-oil exports fell 24% in December
Saudi Arabia’s non-oil exports fell by over 24% year-on-year (YoY) in December 2022 to reach SAR22.7 billion riyals ($6.05 billion), data released by the General Authority for Statistics on Tuesday showed. Total exports during the month increased 1.1% YoY to SAR108.2 billion. This was due to higher oil exports, which rose by 11%, or SAR8.5 […]
Saudi Crown Prince launches strategic office to develop Northern Borders Region
Crown Prince and Prime Minister Mohammed Bin Salman announced on Monday the establishment of the strategic office for the development of Northern Borders Region. The office aims to enhance development in the cities and governorates of the region, improve the quality of life for its residents and visitors through investing in the region’s economic, natural […]
Saudi inflation ticks up to 3.4% in January
Saudi Arabia’s annual inflation rate inched up to 3.4% in January from 3.3% in December, with price rises again driven mainly by housing costs, government data showed on Wednesday. Housing, water, electricity, gas and other fuels, with a 25.5% weight of the consumer basket, the largest category, rose 6.6% from a year earlier. […]
Clarity AI signs MoU with the Saudi Tadawul Group
Clarity AI, a leading global sustainability tech platform, has signed a Memorandum of Understanding (MoU) with the Saudi Tadawul Group to educate companies in Saudi Arabia on sustainability topics. “Our mission is to bring societal impact to markets, and we are thrilled to be in an understanding to do that with the Saudi Tadawul […]
Individuals and showrooms can import cars into Saudi Arabia
Minister of Commerce Majed Al-Qasabi said that there is no truth in reports that Saudi Arabia is restricting the import of cars only to authorized agents. “Individuals and showrooms can also import vehicles,” he said while addressing the periodic government communication press conference here on Monday. The minister said that the repercussions of the […]
Keir wins Qiddiya Water Theme Park project work
Saudi utility services company Keir International has anounced that it has been awarded a SR69 million ($18.3 million) contract for the Qiddiya Water Theme Park project coming up near Riyadh. As per the deal, Keir will provide engineering, design, electrical and communications as well as civil and electromechanical works for the key leisure development, […]
What is Our Platform All About
As a platform for business tenders in Saudi Arabia, we strive to provide a comprehensive and easy-to-use system for businesses of all sizes. Our platform is all about connecting businesses with the best tender opportunities and contract awards, and streamlining the procurement process to help companies save time and money. At our core, we understand […]
Saudi Arabia’s Plastus seals top prize in LEAP23’s US$1mln Rocket Fuel Startup Pitch Challenge
Saudi Arabia’s Plastus, which produces 100 per cent biodegradable bioplastics through the fermentation of bacteria, scooped the US$250,000 main prize at this year’s LEAP Rocket Fuel Startup Pitch Challenge, powered by Saudi Arabia’s National Technology Development Programme (NTDP), after wowing a star-studded judging panel in Riyadh. Concluding on the final day LEAP23, the world’s […]
Saudi Exchange signs MoU with Saudi Venture Capital Company
The Saudi Exchange signed a Memorandum of Understanding (MoU) with Saudi Venture Capital Company (SVC) on the second day of the annual Saudi Capital Market Forum 2023, held under the patronage of HE. Muhammed El-Kuwaiz, the Chairman of the Capital Market Authority. SVC is a government venture capital firm established in 2018 to […]
Unlocking the Secrets of Business Tenders: An Explanation of Procurement Process
Unlocking the Secrets of Business Tenders: An Explanation of the Procurement Process Business tenders are a crucial aspect of procurement, offering companies the opportunity to bid on government contracts and secure new businesses. Understanding the business tender process and procurement process is vital for companies looking to grow and expand. In this blog post, we’ll […]