Growing Saudi female sports participation triggers retail growth
Writing for Jing Daily, Julienna Law reports that Saudi Arabia's sportswear and athleisure apparel market is set to boom as women, in particular, become more active in sports.
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Saudi Entertainment Ventures (Seven) and Qiddiya Combine
Seven, a wholly owned public investment fund (PIF) company, has now become a wholly owned subsidiary of Qiddiya to enhance the offerings of both companies and support its wider strategy for the entertainment, leisure and sports sector. -
Fakeeh Care Group 119 times oversubscribed as Saudi IPO market heats up
Investors put in $91 billion of orders for Fakeeh Care Group's IPO which is set to be the Tadawul's biggest listing of the year. -
Wamda’s Tawaref Series Provides Blueprint for Expanding in KSA
Wamda has partnered up with Tawaref, a Saudi Arabia-based tech investment community that also provides startup advisory, legal consultancy and due diligence support, to publish a series of articles to help entrepreneurs navigate the Saudi market -
Johnson Controls Arabia Announces Export of 300 Saudi-Made Scroll Chillers to the United States from KAEC Manufactu...
Johnson Controls Arabia (JCA) celebrated the company's latest export achievement of more than 300 Saudi-made YORK Scroll Chillers to the American market during this year, with a total market value of 100 million Riyals in the initial phase.
More From SUSTG
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Saudi Internet Penetration Reaches 99%
According to the “Internet Saudi Arabia” report for 2023, published by the Communications, Space, and Technology Commission, both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively. -
Saudi Car Market: Tops GCC, women purchase 30% of cars sold in 2023
In 2023, Saudi Arabia sold 729,466 cars, a 17% increase from the previous year. The Toyota Yaris was the best-selling car, accounting for 37% of the sales. Car sales are expected to surge to 870,000 this year. -
Nusuk pilgrim card launched
With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia. -
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PIF and BlackRock Launch $5bn Investment Fund
BlackRock and Public Investment Fund signed a non-binding MOU that calls for the sovereign fund to invest up to $5bn in stages as the new firm hits agreed milestones. Investments will provide capital for a variety of funds invested in public equities and bonds as well as alternative assets.
