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 […]
Saudi Arabia to establish new unified regulator for insurance sector
Finance Minister Mohammed Al-Jadaan stated on Wednesday that a new unified regulator for the insurance sector in Saudi Arabia would be established soon. At the 6th Saudi Insurance Symposium (SIS), which is one of the largest forums for the insurance companies across the Middle East, he said that the new unified regulator for the […]
Jordan, Saudi Arabia to sign electric connection agreements by year’s end
Jordan and Saudi Arabia on Tuesday discussed three agreements regarding the electric connection between the two countries, expected to be officially signed by the end of 2022. The executive, operational and commercial features of the agreements were discussed during a meeting between National Electric Power Company (NEPCO) Director Amjad Rawashdeh and Saudi Power Procurement […]
Saudi-listed firm bags $23mln contract to develop bus transport system in Taif city
Saudi Public Transport Company (SAPTCO) has been awarded a project by Taif Municipality to develop a public bus transport system in Taif city. The five-year project is valued at 88 million Saudi riyals ($23.39 million), the company said in a stock exchange statement. In March, the Transport General Authority announced that it will roll out […]