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  • Visit Saudi: The Impact of Tourism on the Saudi Economy

    The growth of tourism in the kingdom has been rapid. Spending by nonresidents visiting Saudi Arabia was four times higher in 2023 than in 2018. Meanwhile, spending by Saudi residents overseas is still below the peak of a decade ago. As a result, the net balance in the travel account of the balance of payments swung from a deficit of $3 billion in 2018 to a substantial surplus of $13 billion in 2023.

  • ‘Axis of Resistance’ girds for response to Israel’s ‘big mistake’

    While there is little dispute that Israel’s Mossad spy agency was behind the killing of Hamas political bureau chief Ismail Haniyeh in Tehran, there is contention over the way in which he was assassinated. Meanwhile, Arab states caught between Iran and Israel are scrambling—together with their US ally—to constrain the eruption of an all-out war that may redefine the region.

  • Qiddiya giga-project set to propel Saudi Arabia’s entertainment sector

    Canadian company AtkinsRéalis is the lead design consultancy for the project, and the firm’s Global Director of Creative, Theming and Show Design Bradley Caruk set out his vision for Qiddiya to  Arab News. “Having worked in the global entertainment industry for the past 25 years, I have learnt we are all the same. Everyone wants to have fun. With major innovative parks like Six Flags Qiddiya City, we have the unexpected – a fully immersive story-driven theme park experience,” he said.

  • Saudi Arabia urges citizens to leave Lebanon immediately

    Saudi foreign ministry urged its citizens on Sunday to leave Lebanon ‘immediately’ as regional tensions recently surged. In a statement, the ministry has reiterated its call for all Saudi nationals to avoid traveling to Lebanon. It said the Kingdom's embassy in Lebanon was closely monitoring the developments in the southern region of the country.

  • Report: Netanyahu decides not to seek normalization with Saudis before US election

    According to a report Sunday on Channel 12 news, Netanyahu made the decision because of the fast-moving US political developments, with the consideration that it might be worth waiting to see whether Republican nominee and former president Donald Trump is returned to the White House in the upcoming vote.

  • Saudi Arabia to raise stake in Binladin Group to boost construction sector

    Binladin’s history has been intertwined with the kingdom since the country was founded in 1932, according to a Bloomberg report. The construction firm has played a vital role in modernising the country by building highways, airports and economic freezones, and is also known for its work in the Islamic holy cities of Mecca and Medina. Meanwhile, the Public Investment Fund (PIF) is working with Morgan Stanley on a potential deal to buy into Binladin, said Bloomberg.  The $925bn fund is considering acquiring part or all of the 36 per cent stake owned by the ministry of finance.

  • Saudi Arabia arrests 21,049 illegals in one week

    Saudi authorities arrested 21,049 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. According to an official report, a total of 13,209 people were arrested for violations of residency laws, while 5,177 were held over illegal border crossing attempts, and a further 2,663 for labor-related issues.

  • Saudi Arabia ranks 1st among G20 countries in workforce growth rate

    Saudi Arabia achieved the highest growth rates in both male and female workforce participation among all G20 countries between 2016 and 2021, according to data from the Kingdom’s National Labor Observatory. The statistics reveal a 1.7 percent growth rate for male workers in Saudi Arabia, surpassing Australia’s 1.5 percent and exceeding the rates of other G20 nations. Female workforce growth was even more notable, with a rate of 5.5 percent in Saudi Arabia compared to 2.1 percent in Australia and lower figures in the rest of the G20.

  • Discover Saudi’s newest World Heritage Site

    Set in a strategic point of the ancient trade routes that used to crisscross the Heart of Arabia and abruptly abandoned around the 5th century CE, the site of Al-Faw – which includes the vestige of the city of Qaryat al-Faw – is full of mysteries waiting to be uncovered.

  • Saudi Arabia’s Domestic Tourism is Surging with Solo Travelers Leading the Charge

    Domestic travel in Saudi Arabia has seen a significant rise, according to recent data from Wego. Wego’s report highlights a notable 20.31 percent increase in domestic flight bookings during Eid Al-Fitr this year compared to the same period last year. The travel app and online marketplace, catering to the Middle East and North Africa (MENA) region, recorded over three million searches specifically for Riyadh. Additionally, there was a 19.63 percent increase in domestic travel bookings during Eid Al-Fitr compared to the previous month.