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Results for
Saudi Vision 2030
Saudi Space Commission, UK Space Agency sign MOU for peaceful use of outer space
The Saudi Space Commission (SSC) and the UK Space Agency have signed a memorandum of understanding (MOU) on Saturday for cooperation in the peaceful use of outer space aimed at providing a framework ...
Saudi Arabia’s Crown Prince launches new strategy for National Development Fund
Saudi Arabia’s Crown Prince Mohammed bin Salman launched a new strategy for the Kingdom’s National Development Fund (NDF), transforming it into an integrated national financial institution, state news ...
Saudi Arabia’s Crown Prince launches scholarship program strategy
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the strategy of the The Two Holy Mosques Scholarship Program, state news agency SPA reported on Monday.“The Strategy marks the beginning of a ...
Saudi sovereign fund PIF opens London, NY and Hong Kong offices
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, said on Thursday it has opened three new subsidiary companies’ offices in London, New York and Hong Kong, as the $500 billion fund ...
Saudi cabinet approves licensing third digital bank: Central bank
The Saudi cabinet has approved the licensing of a third digital bank, called D360 Bank, with a capital of 1.65 billion riyals ($440 million), the central bank said on Tuesday.The Kingdom’s sovereign ...
Saudi consumers expected to spend more on online shopping in 2022
Since Saudi Arabia’s Vision 2030 plan was launched back in 2016, the Kingdom’s economy has continued to embrace modernization and diversification, opening to businesses like never before. This has ...
Saudi Arabia’s Crown Prince launches Jeddah Central Project
Saudi Arabia’s Crown Prince Mohammed bin Salman has launched the plan and main features of the Jeddah Central Project, previously known as New Jeddah Downtown, with total investments of $19.99 billion ...
Saudi Arabia to use any surplus in 2022 budget to fill reserves: Al-Jadaan
Saudi Arabia’s finance minister said that any surplus in the Kingdom’s budget for 2022 will be used toward filling the reserves, Mohammed al-Jadaan told Al Arabiya during an interview.Al-Jadaan added ...
PIF to invest up to 1 trillion riyals in Saudi Arabia by 2025
Saudi Arabia’s Public Investment Fund plans to invest up to 1 trillion riyals ($266.57 billion) in the domestic economy by 2025, Yasir al-Rumayyan, the sovereign wealth fund’s governor said on ...
Saudi Arabia set to announce budget for 2022, deficit likely to be narrowed down
Saudi Arabia is expected to announce its budget for 2022 and the actual budget figures for the current year 2021 on Sunday, with experts predicting the Kingdom’s budget deficit likely to be narrowed ...
Saudi Crown Prince announces OXAGON, largest floating industrial complex in the world
Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the establishment of OXAGON, forming the next phase of NEOM’s master plan and representing a radical new model for future manufacturing ...
Saudi Crown Prince announces establishment of first ‘non-profit city in the world’
Saudi Arabia’s Crown Prince has announced the launch of the “Prince Mohammed Bin Salman Non Profit City,” the first non-profit city in the world, according to a state news agency report.The Saudi ...
‘Messi 10’ Cirque du Soleil performance coming to Saudi Arabia’s Riyadh Season
A Cirque du Soleil performance telling the story of football star Lionel Messi will debut on November 10 in Saudi Arabia as part of Riyadh Season 2021, Turki Al al-Sheikh, the Chairman of the ...
Saudi PIF to secure credit ratings, aims to have full green yield curve: Executive
Saudi Arabia’s Public Investment Fund hopes to become the first sovereign wealth fund to have a fully green yield curve, a senior executive told Al Arabiya.The PIF is also seeking to secure credit ...
Saudi’s NEOM Tech & Holding Company, Oracle to set up hyperscale data center: FII
NEOM Tech & Holding Company has announced technology firm Oracle as the first tenant of its hyperscale data center at Saudi Arabia’s futuristic mega-city NEOM, at the Future Investment Initiative ...
Saudi’s NEOM will have a digital twin in the ‘metaverse’: FII
NEOM, Saudi Arabia’s multi-billion-dollar futuristic city, will have a digital twin in the “metaverse,” allowing people to live, work and play in the megacity before it is even built, the Future ...
Saudi Arabia: A partner in development and in tackling challenges
I was honored to participate years ago in the Warsaw 2013 Climate Change Conference along with an active Saudi delegation. However, our participation then was not linked with a general governmental ...
Saudi Arabia outlines $10.4 billion plans under Mideast Green Initiative
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Middle East Green Initiative on Monday which he said aims to secure 39 billion riyals ($10.4 billion) for an investment fund and clean ...
UN praises Saudi’s ‘bold’ climate action plans after emissions pledge
The United Nations has praised Saudi Arabia’s “bold” climate action plans after the Kingdom officially submitted its Nationally Determined Contribution (NDC) emissions pledge.Earlier today HRH Crown ...
Saudi Arabia’s Crown Prince launches National Investment Strategy
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Kingdom’s National Investment Strategy (NIS) on Monday, the official Saudi Press Agency (SPA) reported.According to SPA, the National ...
Saudi Arabia’s non-oil new business growth at seven-year high in September
Saudi Arabia’s non-oil private sector grew in September, with new orders rising at the fastest rate in seven years, a business survey showed, as a relaxation of COVID-19 restrictions on activity and ...
Concerts in Riyadh Season do not exceed two pct of the total events planned: Official
Music concerts do not exceed two percent of the total activities planned for the second edition of Riyadh Season, the head of Saudi Arabia’s General Authority for Entertainment told reporters as he ...
Saudi Arabia aims to deploy 50 pct of investments in renewable, sustainable sources
Saudi Arabia aims to deploy 50 percent of its investments in renewable and sustainable power sources, the governor of the Kingdom’s Public Investment Fund (PIF) and Saudi Aramco chairman said during ...
Saudi real estate market expanding at ‘unprecedented rate,’ mortgages up 10-fold
Saudi Arabia’s real estate market experienced exponential growth with residential mortgages up ten-fold in H1 2021 compared to its corresponding financial period in 2016, according to estate ...
Saudi Arabia ranked among top counties in providing govt services: GovTech report
Saudi Arabia ranked among the first group of the highest pioneering and innovative countries in the areas of providing government services and interacting with citizens, according to the (GovTech) ...