Saudi Crown Prince offers condolences in Kuwait for late Emir Sheikh Nawaf
Following directives from Custodian of the Two Holy Mosques King Salman, Crown Prince and Prime Minister Mohammed Bin Salman offered condolences on the passing of Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, the late Emir of Kuwait. Upon his arrival in Kuwait on Sunday, Crown Prince Mohammed Bin Salman was received at the Amiri Airport by Sheikh […]
Al-Falih: Saudi GDP jumps 66%, placing it among top 15 world economies
Saudi Minister of Investment Khalid Al-Falih said that the Kingdom’s gross domestic product (GDP) has shot up by 66 percent since the launching of the Vision 2030. In his speech at a session titled “Energy, Petrochemicals and Conversion Industries Workshop,” held on the sidelines of the Guangzhou Investment Workshop in the Chinese city of Guangzhou […]
Finance Minister: Government targets strategic spending surge on capital projects in 2024
Minister of Finance Mohammed Al Jadaan highlighted the government’s ongoing commitment to expanding strategic spending on capital projects. He emphasized the success of economic and fiscal reforms in promoting comprehensive economic growth and improving fiscal management, with a focus on enhancing services for citizens, residents, and visitors. Al Jadaan outlined the government’s objectives for the […]
Saudi Arabia introduces e-visa feature for Club World Cup ticket holders
In a move aimed at facilitating travel procedures to Saudi Arabia for football enthusiasts attending the FIFA Club World Cup Saudi Arabia 2023, the Ministry of Foreign Affairs, in cooperation with the Ministry of Sports, has introduced the electronic visa issuance feature. The tournament is set to take place over 10 days from Dec. 12 […]
Crown Prince meets Putin in Riyadh
Saudi Crown Prince and Prime Minister Mohammed bin Salman met with Russian President Vladimir Putin in Riyadh on Wednesday. During the meeting, the Crown Prince said that Saudi Arabia and Russia are working together to achieve stability in the Middle East. He said that the Kingdom and Russia are successfully cooperating in the fields of […]
Al-Jadaan: This year’s capital spending will exceed SR200 billion
Saudi Finance Minister Mohammed Al-Jadaan said that the Saudi economy is going through a distinctive phase in accordance with realizing the goals of the Kingdom’s Vision 2023. In his speech at a press conference to announce the indices of the budget in Riyadh on Wednesday, the minister revealed that capital spending for this year will […]
Crown Prince: Saudi Arabia is moving towards a better future worthy of its lofty status
Crown Prince and Prime Minister Mohammed Bin Salman highlighted the remarkable achievements made by Saudi Arabia ever since the launch of its Vision 2030 and the government’s relentless efforts to implement structural reforms in the financial and economic sectors. The Crown Prince, who is also chairman of the Council of Economic and Development Affairs (CEDA), […]
Saudi Arabia unveils 2024 budget, projecting SR1172bn revenues and SR1251bn expenditures
Saudi Arabia unveiled on Wednesday the state’s general budget for the fiscal year 2024, with total revenues estimated at SR1,172 billion and expenditures amounting to SR1,251 billion. The budget, approved by a special session of the Council of Ministers held under the chairmanship of Custodian of the Two Holy Mosques King Salman, projected a deficit […]
Saudi Ministry inks agreement with University of Chicago
Saudi Arabia’s Ministry of Economy and Planning has formalized a three-year research agreement with the University of Chicago’s Division of Social Sciences in order to bridge the gap between cutting-edge research and effective public policy. This collaboration will concentrate on conducting economic research to inform social and economic policies in Saudi Arabia, fostering local talent, […]
Saudi Space Agency strikes MoU with US firm Sierra Space
The Saudi Space Agency (SSA) has signed a Memorandum of Understanding (MoU) with Sierra Space, a US leading company in the field of space technologies, to exchange knowledge, skills, and experiences and develop national capabilities and competencies in the space sector and its technologies. The MoU affirms the Agency’s commitment to expanding its global partnerships […]