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  • Saudi inflation stable at 1.5% in July

    Saudi Arabia’s inflation remained unchanged month-on-month at 1.5% in July 2024, according to recent data by the General Authority for Statistics (GASTAT).

  • Foreign tourists spend over $37 billion in Saudi Arabia in 2023

    The ministry stated that spending by inbound tourists on shopping during the past year crossed SR25.5 billion, while spending on transportation and movement amounted to approximately SR21.5 billion. The report noted that spending on food and beverages reached SR19.4 billion, while spending on other purposes exceeded SR25.5 billion. The ministry report also showed that spending by incoming tourists on entertainment surpassed SR4 billion.

  • Saudi Arabia Opens Bidding for Six Football Clubs

    This sale is part of Saudi Arabia’s broader push to establish itself as a major global football hub, a goal supported by significant investments in top-tier talent, infrastructure, and media deals. In just the first month of the 2023/24 season, the Saudi Pro League reported a 650% increase in revenue, demonstrating the growing interest in the league both domestically and internationally. Additionally, the league has struck broadcasting deals with 38 networks across multiple countries, further boosting its global reach and visibility.

  • Saudi Arabia leads GCC IPO momentum in Q2 2024

    PwC Middle East’s latest IPO+ Watch highlights  a total of 13 IPOs raised $2.6 bn in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8bn. Notable listings this quarter include Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised $763m on Tadawul, as well as Alef Education and Spinneys, two of the largest listings in the UAE.

  • New report demonstrates huge potential for digital label growth in Saudi Arabia

    As the MENA region’s graphic arts and packaging industries gear up for the first Gulf Print & Pack exhibition in Saudi Arabia next year, a new report demonstrates the astonishing growth potential of the Saudi digital printing market. The report, compiled by consultancy Astute Analytica, predicts that the Saudi digital print sector will generate revenues of US$ 766.58 million by 2032, up from US$ 351.33 million in 2023 - a CAGR of 9.24 percent during the forecast period 2024-2032.

  • Attitudes Toward Arabic-English Code Switching in Saudi Society

    This study is designed to explore the attitudes of Saudi students at Prince Sattam bin Abdulaziz University toward code switching between colloquial Arabic and English and toward borrowing from the English language in Saudi society, considering two significant variables: major studied and gender.

  • How this Saudi hospital redefined its global healthcare branding

    Saudi Arabia is making significant strides in artificial intelligence and state-of-the-art healthcare technology, earning recognition on regional and global platforms. This presents a compelling opportunity for Saudi healthcare communicators to embrace branding to extend their innovation and influence across the global industry.

  • China Energy Engineering signs $972 million solar deal with Saudi partners

    China Energy Engineering (601868.SS), opens new tab signed a 6.98 billion yuan ($972 million) contract to build a solar power plant in Saudi Arabia, a Monday filing with the Shanghai Stock Exchange, marking the latest in a string of China-Saudi renewable energy deals. The 2 gigawatt (GW) photovoltaic plant will be built by a joint venture between a China Energy Engineering consortium and Saudi partners sovereign fund PIF, ACWA Power (2082.SE), opens new tab, and Saudi Aramco Power Company.

  • Saudi Arabia’s 2034 World Cup Bid: A Global Buzz!

    Saudi Arabia’s bid to host the FIFA World Cup 2034 is sparking unprecedented excitement and national pride. Social media is buzzing with hashtags like #Saudi2034bid and #GrowingTogether as the world watches closely. Under the leadership of His Highness Mohammed bin Salman, this bid is more than a sporting event—it’s a leap towards Vision 2030 and a chance to showcase Saudi Arabia’s rich culture. With Cristiano Ronaldo’s endorsement fueling the buzz, the global anticipation is palpable.

  • Saudi Arabia to continue bearing fees of expatriates working in industrial sector until end of 2025

    The Cabinet decision comes in the wake of the expiry of the five-year waiving of expatriate fee for industrial workers. During 2019, the Saudi government, under a drive for job creation, had imposed fees on expatriate workers to encourage hiring of Saudis. However, the government waived fees on expatriate workers employed in the industrial sector for five years effective from Oct. 1, 2019. That decision was taken as part of the short-term urgent solutions to stimulate industrial investments in order to achieve the goals of the Kingdom’s Vision 2030.