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  • Private aviation soars in Saudi Arabia as more businesses take to the skies

    Valued at $1.2 billion in 2023 according to TechSCI research, this segment is projected to grow at a compounded annual growth rate of 8.88 percent between 2025 and 2029.

  • Saudi Arabia woos investors with lucrative business environment

    Khairy added: “The Kingdom has already started to take serious steps to capitalize on its exceptional location through the establishment of logistics and free trade zones, coupled with efforts to diversify the economy under Vision 2030, attracts foreign investment and fosters trade partnerships.”

  • Saudi Arabia’s non-oil business activity growth steady in April

    Saudi Arabia's non-oil business activity grew at a steady rate in April despite a slowdown in new order growth, a survey showed on Sunday, with domestic demand driving output.
    The seasonally-adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index stood at 57.0 in April, the same as March, and well above the 50.0 mark denoting expansion in activity.
    The Output subindex retreated slightly to 61.9 in April from a six month high of 62.2 the previous month, but continued to reflect strong demand conditions, with Wholesale & Retail registering the strongest expansion in output.

  • Saudi PMI stabilizes at 57 points in April, business activity up sharply

    The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), formerly S&P Global Saudi Arabia PMI, kept unchanged at 57 points in April 2024.   The non-oil private sector saw a strong operational improvement in April.   Meanwhile, business activity hit sharply at the beginning of the second quarter, according to sub-sector data, the wholesale and retail businesses witnessed the strongest expansion in output.

  • Who’s Who: Abdullah Al-Ajmi, space business development director for Lockheed Martin in Saudi Arabia

    Abdullah Al-Ajmi is the space business development director for Lockheed Martin in Saudi Arabia. He is responsible for coordinating and bolstering the Kingdom’s space efforts. In addition to fostering strategic cooperation between government and commercial enterprises, Al-Ajmi oversees the facilitation of scientific experiments and international research collaborations, as well as the administration of future space-related missions. A retired brigadier general of the Royal Saudi Air Force and Ministry of Defense, he has a wealth of expertise and experience in remote sensing and intelligence, surveillance, and reconnaissance and space systems.

  • Saudi Arabia Seeks Data Law Balance: Streamlining Business While Upholding International Standards

    Saudi Arabia's Proposed amendments to its Data Protection Law (DPL) could significantly impact international companies operating in the region. These changes focus on streamlining the process of transferring personal data outside the country, potentially offering greater flexibility and cost savings for businesses.

  • Saudi Arabia Seeks Data Law Balance: Streamlining Business While Upholding International Standards

    Saudi Arabia's Proposed amendments to its Data Protection Law (DPL) could significantly impact international companies operating in the region. These changes focus on streamlining the process of transferring personal data outside the country, potentially offering greater flexibility and cost savings for businesses.

  • Saudi Arabia’s non-oil business activity grows robustly in March, PMI shows

    Strong demand helped drive non-oil business activity in Saudi Arabia in March, with output accelerating to a six-month high, a survey showed on Wednesday. The seasonally-adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index stood at 57.0 in March, slightly lower than 57.2 in February, but well above the 50.0 mark denoting expansion in activity. The output sub-index rose to 62.2 in March from 61.5 the previous month, its strongest since September last year, supported by new orders particularly in the manufacturing sector.

  • Saudi HR minister, business leaders discuss labor-market challenges

    Saudi Minister of Human Resources and Social Development Ahmad Al-Rajhi on Tuesday met business representatives of the private sector in Makkah. During the meeting at the headquarters of the Makkah Chamber of Commerce, Al-Rajhi reviewed the labor-market strategy and achievements between 2019 and 2023 and was told about the main challenges and opportunities in the private sector.

  • Saudi business registrations rise 12% to 1.12m, minister says

    Saudi Arabia’s business registrations saw a notable increase of 12 percent from 2019 to 2023, reaching a total of over 1.12 million commercial records, a top official said. Minister of Commerce Majid Al-Qasabi disclosed the figures during a meeting in Jeddah to discuss challenges and enhance the Kingdom’s enterprise environment, The session was attended by Mohammed Yousuf Naghi, chairman of the Jeddah Chamber of Commerce, and other board members, as well as members of the community, including investors, businesspeople, and entrepreneurs, according to the Saudi Press Agency.