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Saudi Arabia`s Ministry of Transport is developing the logistics sector to support the Vision 2030 program of social and economic reform.
Diversifying the economy away from hydrocarbons is an important pillar of the Vision 2030 and transforming the country into a logistics hub is a key strategy. As a result, Saudi Arabia’s policies are focused on moving...
Read More16/08/22
Artificial intelligence (AI) is estimated to contribute SAR 1.2 trillion (USD 320 billion) to the economic growth in the Middle East and North Africa (MENA) region by 2030.
The figures were derived from a Google report titled “The Future of AI in the MENA region”. It provides an in-depth analysis of developments in AI over the next decade, with a specific focus on Saudi Arabia,...
Read More09/08/22
Saudi Arabia’s Ministry of Investment (MISA) facilitated over 100 investment contracts valued at SAR 15 billion (USD 4 billion) in the first quarter of 2022.
The investments will create over 5,800 new jobs across all sectors of the Saudi Arabian economy as the country’s National Investment Strategy and policies...
Read More02/08/22
Saudi Arabia’s Public Investment Fund (PIF) is doubling down on the gaming sector, making its fourth investment this year.
As part of the country’s economic diversification strategy in line with Vision 2030, it is investing SAR 3.8 billion (USD 1.0 billion) in Swedish video game maker Embracer. The investment is made through the Savvy Gaming Group, which...
Read More26/07/22
More Saudi women entering leadership positions in family businesses will inspire others according to a recent report published by KPMG.
The findings are part of the KPMG "The Power of Women in Family Business” report. It examines different perspectives of female leaders in the Kingdom of Saudi Arabia...
Read More05/07/22
Saudi Arabia’s technology sector is growing rapidly as start-ups, scale-ups and small businesses take advantage of the Kingdom’s ongoing economic reforms.
Specifically, tech start-ups and scale-ups have benefitted from numerous initiatives and the sector has witnessed the success of several national...
Read More28/06/22
Saudi Arabia`s Public Investment Fund (PIF) has generated over 500,000 jobs in 13 strategic sectors.
One of the central roles of the PIF is to increase economic and business opportunities in the Kingdom of Saudi Arabia. The PIF is among the world’s largest sovereign wealth funds. It currently manages assets of SAR 2.33 trillion (USD 620...
Read More21/06/22
Saudi Arabia will launch the Saudi Green Initiative in November as the Kingdom continues its journey towards a sustainable future.
Sustainability is at the heart of the Saudi Vision 2030 as the Kingdom intends to reach net zero by 2060. The initiatives will aim for reduction of desertification ...
Read More14/06/22
Saudi Arabia is actively encouraging innovation in the health sector to promote healthier lifestyles with better mental health.
It is expected to result in superior healthcare with benefits including lower costs and improved patient experiences providing a higher quality of life. This goal can be accelerated by integrating modern technology into communication, diagnosis and treatment of ailments...
Read More07/06/22
Saudi Arabia welcomed 15 million tourists in the first three months of 2022 as the tourism sector witnessed a post pandemic revival.
Prior to the pandemic, Saudi Arabia transformed its tourist visa processes and opened up the countries attractions to citizens from around the world. Visitors are keen to explore Saudi Arabia and enjoy its UNESCO world heritage sites which include Al Ula...
Read More31/05/22