Tourism Minister Ahmed Al-Khateeb said at an Arab-China investment summit that Saudi Arabia is investing $800 billion in the tourism sector over the next ten years, according to reports.
Shares of Lucid Group's stock tumbled today on news that the group is raising about $3 billion in a common stock offering, with the majority of the money coming from the electric vehicle maker’s Saudi owners, the Public Investment Fund.
Bechtel Saudi Arabia has named veteran Abdul-Rahman Al-Ghabban as new Infrastructure Vice President in the Kingdom of Saudi Arabia, the company confirmed to SUSTG in a press release.
Saudi Arabia's newly-minted Cultural Development Fund has officially unveiled two separate film sector funds at the Cannes Film Festival in France, Variety reports.
Saudi Arabia's in-development Rua Al-Madinah giga-project signed an agreement with France-based Accor group for three hotels, adding 1,056 keys to the area spread across three brands.
S&P Global's latest ranking of the top 30 Middle Eastern and African banks by total assets finds Saudi institutions leading in both numbers and total assets.
