Green Horizons: Saudi Arabia’s sustainable tourism drive planting seeds for economic growth
Eco-friendly holiday destinations being developed across Saudi Arabia are positioning the Kingdom as a leader in sustainable tourism, a host of experts have told Arab News. Aligning with the Vision 2030 strategy to increase visitor numbers to the Kingdom to 150 million a year by the end of the decade, Saudi Arabia is creating a […]
Saudi Arabia building the ‘most complex structure known to man,’ says developer
Saudi Arabia is set to build the “most complex structure known to man” as part of a major architectural project within the New Murabba development, according to the head of the company behind the project Positioned at the heart of the large-scale urban project, the Mukaab is designed to be a futuristic mixed-use landmark that […]
Saudi Arabia’s real GDP grows 4.4%: GASTAT
Saudi Arabia’s real gross domestic product saw an annual expansion of 4.4 percent in the fourth quarter of 2024, marking its highest growth in two years, official data showed. According to flash estimates from the General Authority for Statistics, the Kingdom’s non-oil activities grew by 4.6 percent year on year in the three months to the end […]
Saudi labor market transformation ‘spectacular,’ says former Swedish minister
Countries around the world can take lessons from the transformation of Saudi Arabia’s labor market, a former Swedish employment minister has insisted. Speaking to Arab News on the sidelines of the Global Labor Market Conference in Riyadh, Sven Otto Littorin praised the Kingdom’s progress since the launch of Vision 2030, which has seen female workforce […]
Clinton praises Saudi Arabia’s Vision 2030 for unlocking human potential
Former US President Bill Clinton praised Saudi Arabia’s Vision 2030 initiatives on Wednesday, highlighting their role in creating new opportunities for individuals to realize their full potential. Speaking on the final day of the Real Estate Future Forum in a panel titled “A President’s Perspective: Bill Clinton at RFF 2025,” the 42nd president of the […]
Saudi Arabia opens door for foreign investment in Makkah and Madinah real estate
Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority. Effective immediately, the move aims to boost the capital market’s competitiveness and align with the Kingdom’s Vision 2030 economic diversification objectives, the CMA announced in a press release. While non-Saudis are […]
Saudi-based Walaa Cooperative Insurance Co. maintains ‘A-’ rating: S&P Global
Saudi Arabia’s Walaa Cooperative Insurance Co. maintained its “A-” long-term insurer financial strength rating by S&P Global, with a stable outlook. The New York-based credit rating agency also affirmed its “gcAAA” long-term Gulf Cooperation Council regional scale rating and “ksaAAA” long-term Saudi national scale assessment for Walaa, highlighting the insurer’s capital position and planned business […]
World leaders to attend Saudi Real Estate Future Forum 2025 for industry-shaping discussions
The Real Estate Future Forum is set to serve as a global hub for industry leaders, policymakers, and investors as Saudi Arabia transitions toward a diversified and innovation-driven economy. The event will be held from Jan. 27— 29 at the Four Seasons Hotel in Riyadh and will gather over 300 speakers from 85 countries to […]
Saudi Arabia raises local workforce quotas across key sectors
Saudi professionals in dentistry, pharmacy, accounting, and technical engineering will soon see expanded job opportunities as the Kingdom rolls out new Saudization targets under its Vision 2030 plan. The HRSD, in collaboration with health, commerce, and housing authorities, is now focused on localizing 269 professions. The initiative builds on earlier measures, such as increasing Saudization […]
Saudi Arabia’s non-oil GDP defying expectations, finance minister tells World Economic Forum
DAVOS: Saudi Arabia’s finance minister on Wednesday said that the recent International Monetary Fund downgrading of its growth projection for the Kingdom’s economy for the year ahead did not paint the full picture. Speaking on a panel at the annual meeting of the World Economic Forum in Davos, Mohammed Al-Jadaan said that it was important […]