In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. But the oil industry is likely to receive a smaller portion of this than previously forecast.
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.
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Building on previously announced reforms under Vision 2030 and the National Investment Strategy, the Cabinet has approved an updated investment law for Saudi Arabia.
The updated law brings together several existing freedoms and rights and expressly applies them under a unified framework.
In collaboration with The Communications, Space and Technology Commission (CST), HALO Space, has announced that it will conduct its next test flight in the Kingdom of Saudi Arabia this September.
The Ministry of Human Resources and Social Development stated that the new amendments encompass 38 articles, deleting seven articles, and adding two new articles to the Labor Law. The new amendments will be effective after 180 days from the date of their publication in the official Gazette.
During Saudi Crown Prince Mohammed bin Salman's State Visit to China in February 2019 Saudi Arabia and China agreed to include the Chinese language as a curriculum at all stages of education in schools and universities across the Kingdom.
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GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023 and 2030, to reach 31.5 GW by 2030 and 63.1 GW by 2035.
