Saudi Arabia, UK explore increased trade, investment opportunities
The Lord Mayor of the City of London Alderman Vincent Keaveny and Saudi Minister of Investment Khalid Al-Falih discussed the opportunities for increased trade and investment between the two countries in light of the ongoing UK-GCC free trade negotiations. “As part of the Saudi Vision 2030 to diversify the country’s economy, London’s expertise opens […]
Marafiq gears up for landmark $1.2bln IPO, Saudi bourse listing
The Power and Water Utility Company for Jubail and Yanbu (Marafiq) has announced plans to go ahead with its Initial Public Offering (IPO) and listing of its shares on the Saudi bourse Tadawul. The Marafiq move comes following the recent approval from Capital Market Authority (CMA) it received for the listing of 73.1 million ordinary […]
Riyadh to host first Saudi Games from Oct. 27
Under the patronage of Custodian of the Two Holy Mosques King Salman, Riyadh city is set to host from Oct. 27 to Nov. 7, 2022, the first Saudi Games. King Fahd International Stadium is set to host the event in which more than 6,000 female and male athletes and 2,000 technical and administrative supervisors […]
Saudi Arabia’s oil production increased by 20% in 8 months
Saudi Arabia’s average oil production increased since the beginning of 2022 until the end of August by 20 percent, a government document seen by Saudi Gazette showed. The Kingdom’s production reached around 10.5 million barrels per day, higher by 1.8 million barrels per day compared to the same period last year. The increase […]
TRSDC appoints Think Strawberries its GCC tourism partner
The Red Sea Development Company (TRSDC), a closed joint-stock company wholly owned by the Public Investment Fund (PIF) of Saudi Arabia, has appointed Think Strawberries, a leading tourism representation company, as its partner across the GCC to develop the region’s growing outbound ultra-luxury travel market. Pioneering an ambitious path to lead the way […]
China is main destination for Saudi exports
Saudi Arabia’s exports to China, in the second quarter of 2022, amounted to SR63 billion (about $16.8 billion), which makes China the main destination for Saudi goods, the Saudi Press Agency (SPA) reported. A meeting of the fourth session of the Sub-Committee for Trade and Investment, emanating from the Saudi-Chinese High-Level Joint Committee, […]
Saudi, Oman investment ministers visit clean energy facility at Alfanar Industrial City in Riyadh
The Saudi Minister of Investment Eng. Khalid bin Abdulaziz AlFalih and his Omani counterpart Qais bin Mohammad Al Yousef, Minister of Commerce, Industry, and Investment Promotion, visited Alfanar Industrial City in Riyadh, which is one of the largest private industrial cities in the Middle East with an area of 720,000 square metres. Chairman Alfanar […]
International Maritime Industries seals Bahri Logistics deal
International Maritime Industries (IMI), the largest shipyard in the Mena region, has signed a long-term agreement with Bahri Logistics, one of Bahri’s business units, to enhance its supply chain through state-of-the-art warehousing and logistics services. The agreement supports IMI’s commitment to developing the Saudi maritime industry and will further enable IMI to offer its […]
Wizz Air launches Rome-Dammam ultra-low-cost flights
Wizz Air, Europe’s fastest growing and most sustainable airline, has commenced its flight from Rome (Italy) to Dammam (Saudi Arabia). The new ultra-low-cost route will provide a boost to the burgeoning tourism industry in both Italy and Saudi Arabia, by bringing a new era of affordable, hassle-free, and point-to-point travel opportunities, the airline […]
Bahrain, Saudi Arabia discuss cooperation in tourism
Bahrain has underlined the commitment to continue the integrative efforts with Saudi Arabia in the tourism sector, which plays a key role in increasing the contributions of this sector to the national economies of both kingdoms. This came about as Bahrain’s Minister of Tourism, Fatima bint Jaafar Al-Sairafi, met Ahmed Aqeel AlKhateeb, the Minister of […]