Saudi banks' real estate loans reached SR816.83 billion ($217.82 billion) in the second quarter of 2024, marking a 12% year-on-year increase, according to data from the Saudi Central Bank (SAMA).…
Saudi Arabia's point-of-sale (POS) transactions experienced a significant 20.4% increase between August 25 and 31, driven primarily by a surge in the telecommunications sector. According to the Saudi Central Bank…
Saudi Arabia has introduced a new factory development consultant licensing service, a strategic move aimed at bolstering the country's industrial sector. The initiative, unveiled by the Ministry of Industry and…
Saudi Aramco and Sumitomo Chemical Co. have agreed to waive $1 billion in debt owed by Petro Rabigh, marking a significant step in the refinery’s upgrade and turnaround strategy. According…
Saudi Arabia’s real estate market experienced a significant surge in the first half of 2024, with transactions rising by 38% to reach 106,700 deals, totaling approximately SAR 127.3 billion ($33.9…
Saudi Arabia's industrial sector has experienced significant growth, driven by the Vision 2030 initiative, with the number of industrial facilities increasing by 60 percent since the vision's launch. According to…
Saudi Arabia’s newly updated investment law and a series of recent reforms are expected to significantly advance the Kingdom's goal of securing $24 billion in foreign direct investment (FDI) in…
Saudi Arabia is offering over 120 enablers and incentives to attract investment in its mining sector, according to a top official. Minister of Industry and Mineral Resources Bandar Alkhorayef highlighted…
Saudi Arabia's non-oil exports experienced a 7.3 percent increase in June, reaching SR21.59 billion ($5.75 billion) compared to the same month last year, according to official data from the General…
In a significant development for the logistics sector, Saudi Arabia’s Jazan region is set to benefit from enhanced operational management and air freight services following a strategic agreement between SAL…
