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.
The journey by road of three retired Boeing 777 aircraft of Saudi Arabian airlines from Jeddah to Riyadh has captivated people’s attention throughout Saudi Arabia.
Strong economic foundations and extensive international relations contribute to growing FDI in Saudi Arabia’s tourism, construction, electronics, and financial service sectors, among others.
Following the signing of a MoU during LEAP, Aramco Digital and Groq, a leader in AI inference and creator of the Language Processing Unit (LPU), announced their partnership to establish the world's largest inferencing data center in Saudi Arabia.
