The preliminary statement for Saudi Arabia's 2025 fiscal year budget projected total expenditures to reach approximately SAR 1.285 trillion, with revenues expected to be around SAR 1.184 trillion, resulting in a deficit of 2.3% of the gross domestic product (GDP).
The Saudi Games is the largest national sporting event held annually in the Kingdom. It is a multi-game combined sports tournament, with the presence of more than 53 sports in which more than 6,000 athletes participate.
Saudi Arabia has formed a global alliance to push for a two-state solution to the Israeli-Palestinian conflict, the country's foreign minister Prince Faisal bin Farhan Al Saud said on Thursday on the sidelines of the United Nations General Assembly meeting in New York.
The estimates of the World Travel & Tourism Council indicate that Saudi Arabia’s tourism sector’s overall (direct and indirect) contribution to GDP reached 11.5% in 2023 — and is expected to increase to 16% by 2034.
Global energy demand in this year’s WOO is set to expand by 24% in the period to 2050, driven by significant expansion in the non-OECD region. The Outlook sees the need for an expansion in all energy sources, with the exception of coal.
The tripling renewables and doubling efficiency targets could, on their own, get the world fully two-thirds of the way to a Paris-aligned energy system by 2030.
Saudi Arabia celebrated its 94th National Day on September 23, 2024. This day marks the unification of the Kingdom under King Abdulaziz Al Saud in 1930.
“Given the importance of nuclear energy in social and economic development, the Kingdom is moving towards benefiting from nuclear energy and its radiation applications for peaceful purposes.” Prince Abdulaziz at the 68th Session of the General Conference of the International Atomic Energy Agency.
