Browsing: Saudi Arabia

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.

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.

South Korea’s Hyundai Engineering and Construction, along with Hyundai Engineering, have inked a significant $2.4 billion contract with Saudi Aramco to construct a gas processing plant. This milestone agreement, marking 50 years of collaboration between South Korea and Saudi Arabia, was formally signed in Riyadh, with South Korean President Yoon Suk Yeol attending during his state visit.

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.

Join industry leaders, policymakers, innovators, and researchers at the Kingdom AI Summit in Riyadh, Saudi Arabia, on November 22, 2023, to explore the remarkable potential of AI. This summit is a pivotal gathering to delve into the transformative impact of AI on Saudi Arabia’s technological landscape, with a special focus on AI strategy, future innovation, and key sectors. This event represents a significant step toward shaping the AI future in Saudi Arabia. Don’t miss this opportunity to be part of the AI revolution and contribute to the nation’s technological leadership and sustainable growth.

The Kingdom AI Summit is set to take place on November 22, 2023, in Riyadh,…

InFlavour is an F&B trade professional event offering a unique blend of learning opportunities, networking,…

The Public Investment Fund (PIF) of Saudi Arabia has revealed pricing details for its first-ever dollar-denominated sukuk issuance, amounting to $3.5B. This sukuk offering, split into two tranches, is set to be listed on the London Stock Exchange’s International Securities Market (ISM). It garnered remarkable investor interest, with orders significantly surpassing the issuance amount, underscoring the strong confidence in PIF’s financial position.

Get ready for InFlavour 2023, a groundbreaking B2B food event in Saudi Arabia set to showcase the country’s culinary richness and boost the food and beverage industry. With support from the Saudi Ministry of Environment, Water, and Agriculture, InFlavour brings together prominent figures, global industry leaders, and innovative exhibitors. Explore the future of food and beverage, tackle industry challenges, and network with key players. Don’t miss this landmark event from October 29-31 in Riyadh, where food innovation meets business opportunity.

InFlavour, the inaugural food sector showcase in Saudi Arabia, is set to become a leading industry summit, focusing on sustainability, technology, and social impact. With distinguished attendees like HRH Prince Khaled bin Alwaleed Al Saud and a consortium of local, regional, and international food industry figures, InFlavour aims to explore emerging opportunities within Saudi Arabia’s thriving food service market. The Ministry of Investment conservatively projects a six percent annual growth in this sector, estimating its worth to reach US$30.47 billion by 2029. The event includes a Five-Star Pitch Fest and an emphasis on investment, innovation, and collaboration, contributing to the growth of the Kingdom’s food industry.