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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.

FIFA has unveiled details of Saudi Arabia’s bid to host the largest-ever edition of the FIFA World Cup held in a single country. This announcement follows Saudi Arabia’s official bid book submission for the FIFA World Cup 2034 at a FIIFA ceremony in Paris, France.

Saudi Arabia-based deeptech AI company Intelmatix has closed a $20 million Series A funding round, led by Shorooq Partners and joined by Saudi Venture Capital Company (SVC), Saudi Technology Ventures (STV), Olayan Financing Company, Sultan Holdings, Zain Ventures, and Rua Growth Fund.

The submission of the bid book to FIFA marks the third stage in the official bid process to secure hosting rights for the 2034 tournament. Saudi Arabia, through SAFF, announced its intention to bid for the FIFA World Cup 2034™ on October 4, 2023, as the sole nation in the race to host this event.