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Saudi tourism sector workforce grows 5.1%: GASTAT
Saudi Arabia’s tourism sector added jobs at a steady pace in the second quarter of 2024, with the workforce growing 5.1 percent year on year to 959,175, official data showed. […]
Saudi hotel sector sees 10% spending growth despite overall POS dip: SAMA
Spending in Saudi hotels saw a weekly rise of 10.4 percent between Dec. 8 and 14, reaching SR349.2 million ($92.9 million), according to official data. The latest point-of-sale bulletin released […]
Saudi Arabia launches duty exemption for industrial inputs to boost exports
The Saudi Export Development Authority has launched a new service, “Exemption for Export,” aimed at enhancing Saudi Arabia’s industrial competitiveness. The initiative, developed in collaboration with the Ministry of Industry […]
Saudi Arabia has extracted lithium from oilfield runoffs, says vice minister
Saudi Arabia has successfully extracted lithium from brine samples from Aramco’s oilfields and plans to launch a commercial pilot program for direct extraction soon, the Saudi vice minister of mining […]
Saudi Cabinet approves standard incentives for industrial sector
Saudi Arabia’s Cabinet has approved a set of standardized incentives aimed at boosting the Kingdom’s industrial sector, marking a significant step in the nation’s ongoing efforts to diversify its economy. […]
Saudi insurance sector’s outlook stable in 2025: S&P Global
Saudi Arabia’s insurance sector is set to remain resilient in 2025, with expected growth in top-line revenue between 10 percent and 15 percent, according to a new analysis. In its […]
PIF launches Adeera to redefine Saudi hospitality with local brands
Saudi Arabia is making a significant move to develop its own homegrown hospitality brands with the launch of Adeera, a new hotel management company fully owned by the Public Investment […]
Robust manufacturing sector lifts Saudi industrial index by 5%: GASTAT
Saudi Arabia’s industrial production index rose by 5 percent year on year in October, driven by robust growth across key economic sectors, official data showed. According to figures from the General […]
Minister of Economy and Planning Meets with Middle East Institute Delegation
Minister of Economy and Planning Faisal Alibrahim has met with a delegation from the Middle East Institute to discuss the Kingdom’s economic diversification efforts under Saudi Vision 2030, and the […]
Saudi Economy’s Liquidity Grows by over SAR247 Billion
Liquidity levels, or “available money,” in the Saudi economy have grown by more than SAR247.647 billion year-on-year, reflecting an increase of 9.2% and reaching SAR2,936.089 billion by the end of […]
