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Solar PV and wind additions are forecast to more than double by 2028 compared with 2022, continuously breaking records over the forecast period to reach almost 710 GW.

The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5% and estimated growth to accelerate to 4.6% next year in its latest World Economic Outlook Report released on Tuesday.

Saudi Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), Mohammed Aljadaan, participated in Macro Week at the Peterson Institute for International Economics (PIIE), held on October 21, 2024 on the sidelines of the 2024 IMF and World Bank week.

New Murabba Development Co. has excavated more than 10 million cubic meters. The developer is planning to award contracts worth tens of billions of riyals in the coming year that will stock the building, entertainment venues, educational institutions, health care facilities and a 45,000 seat stadium