The Saudi domestic economy continues to grow robustly. Flash estimates show real non-oil GDP expanded by 4.4 percent in Q2 2024, up from 3.4 percent in Q1. Domestic Trade, Construction, and Transport continued to support growth.
The Esports World Cup Foundation, the non-profit organization hosting the Esports World Cup, the world's largest esports competition and gaming festival, celebrated the historic inaugural event by crowning Team Falcons the first Esports World Cup Club Champion on Sunday night in Riyadh, Saudi Arabia
A blockbuster summer transfer window in 2023, which saw global superstars like Neymar, Karim Benzema and Riyad Mahrez join Cristiano Ronaldo in the Kingdom, contributed to an explosion of interest in the Saudi Pro League – putting it on the world football map like never before.
Saudi Arabia’s ACWA Power Co (TADAWUL:2082) will commence operations in the second half of 2024 for four domestic solar projects with a combined capacity of 2,620 MW and a total investment of SAR 11.5 billion (USD 3.06bn/EUR 2.81bn).
Across Saudi Arabia and worldwide, PIF leveraged its scale, stature, reach, and expertise to forge landmark partnerships, accelerate strategic sectors, and diversify its expanding asset base for continued growth and value creation.
The Ministry of Tourism reported that Inbound tourists spent over $37 billion in the Kingdom in 2023. According to the Ministry’s annual tourism statistics report for 2023
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.
