Browsing: Saudi arabia

Saudi broadcaster MBC Group has garnered $14.5B (SAR 54.5B) in investor orders for its initial public offering (IPO) on the Saudi Exchange (Tadawul).

Saudi Arabia reveals a fresh electronic visa for fans planning to attend the FIFA Club World Cup in the Kingdom.

Connecting Saudi Arabia’s capital to the global stage through a focus on “point-to-point” travel is the central goal of Riyadh Air’s Chief Operating Officer, Peter Bellew. In a discussion with Gulf Business at the Dubai Airshow, Bellew highlighted Riyadh Air’s commitment to setting itself apart in the region through digital operations, a technologically skilled staff, and passenger-centric attitudes.

Google officially activates its latest cloud region in Saudi Arabia, marking the kingdom’s inclusion in its network of 39 global regions. Established in 2008, Google Cloud provides a range of services, including computing, data storage, analytics, machine learning, and management tools. Research commissioned by Google suggests a significant impact on Saudi Arabia’s digital economy, projecting a $109B impact and the potential addition of 148,600 jobs by 2030.

UAE and Saudi Arabia are leading the way in the Middle East, with expectations of 33 million leisure travelers in 2023, as revealed by the WTM Global Travel Report. This impressive growth marks a significant recovery from the pandemic for the Middle East’s tourism industry, surpassing the 2019 figure of 29 million leisure travelers by 13%.

Explore the dynamic world of construction and building at CTW Saudi Arabia 2023. Discover key sectors like construction materials, interior design, machinery, and HVAC solutions. Engage in seminars, networking, and business matchmaking. Mark your calendars for November 26-29, 2023, at Dhahran International Exhibitions Center (DIEC) in Dammam, Saudi Arabia. Unleash your potential in the industry. Register now!

Australia has decided to withdraw from the running to host the 2034 FIFA World Cup, leaving Saudi Arabia as the exclusive candidate for this prestigious international football tournament. Football Australia made the announcement, stating that after careful consideration of all factors, they have opted not to bid for the 2034 competition. Instead, they intend to focus on hosting the AFC Women’s Asian Cup 2026, considered the world’s oldest women’s international competition, and prepare to welcome the world’s greatest football teams for the 2029 FIFA Club World Cup. This decision has significant implications for the future of the tournament’s location.

Saudi Arabia’s NEOM, a $500B flagship project, has formed a $10B joint venture (JV) with Denmark’s DSV, the world’s third-largest freight forwarder, as revealed in their joint statement. NEOM’s primary goal is to establish itself as a vital logistics hub. This initiative was introduced by Saudi Arabia’s Crown Prince Mohammed bin Salman in 2017, with the long-term vision of accommodating 9 million residents.

Tourism Minister Ahmed bin Aqeel Al Khateeb revealed that Saudi Arabia is investing $800B in the tourism sector, with the goal of attracting 100 million tourists, both local and international, by 2030. He highlighted the Kingdom’s rapid growth in tourism within the G20 nations, having already hosted over 30 million tourists, achieving 40% of the target. This sector plays a vital role in driving economic growth.

Saudi Arabia is gearing up to invest a substantial SR1.6T ($427B) over the next decade, as revealed by Minister of Transport and Logistics, Saleh Al-Jasser. This ambitious plan aims to attract more than 30 million pilgrims and Umrah participants, in addition to over 100 million tourists annually, in harmony with the goals of Saudi Arabia’s Vision 2030.