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  • Saudi Arabia’s GDP to surge by 4.4% in 2024: report

    Saudi Arabia’s economy is likely to grow by 4.4 percent in 2024, Aljazira Capital has predicted in its year-end report. The forecast is in line with the Kingdom’s Finance Ministry’s projection for the current year, whereas Moody’s predicted a 4.6 percent increase in 2024. In the report, the financial brokerage firm highlighted that Saudi Arabia’s economic acceleration is expected to be propelled by the execution of megaprojects, Vision 2030 initiatives, government spending, and increased participation of the private sector.

  • AlUla Falcon Cup Confirms Saudi Arabia’s Position as a Global Destination for Falcons and Falconers

    The ongoing AlUla Falcon Cup championship, taking place in Al-Mughira Village for Heritage Sports in AlUla governorate since December 28, 2023, and continuing until January 5, 2024, has emerged as the world's largest event of its kind. Featuring the participation of a diverse array of local, regional, and international professional falconers and owners, this championship is a testament to the Kingdom's dedication to falcons and falconry.

  • In 2023, Saudi Arabian Tourism by Numbers

    For the first time on September 27, 2023, World Tourism Day was celebrated in Riyadh with the presence of tourism ministers from various countries worldwide. Furthermore, the Kingdom was selected to host the 26th General Assembly of the World Tourism Organization in 2025 and was re-elected as the head of the organization’s executive council, showcasing its leadership in the international tourism sector. On the same day, the Riyadh College of Hospitality and Tourism was announced, set to be the world’s largest in providing training and supplying the workforce for the tourism sector.

  • Why Saudi Arabia’s Red Sea coast could be the next big luxury tourism destination

    Travelers are running out of new places to discover, but there could be one treasure hidden in plain sight. Saudi Arabia’s Red Sea coast stretches for more than a thousand miles, from the northern border with Jordan in the Gulf of Aqaba to Yemen in the far south. Much of that, outside of big cities like Jeddah, is undeveloped coastline of turquoise water, offshore islands, pristine beaches and coral reefs.

  • Opinion: Saudi Arabia Stumbles Over BRICS

    Saudi Arabia and Israel have quietly been negotiating a peace deal that would be greased with a U.S.-Saudi defense treaty. So why is Saudi Crown Prince Mohammed bin Salman putting that at risk by joining the BRICS group of nations?

  • Saudi Arabia’s new regional headquarters regulation takes effect: What will be its impact?

    Saudi Arabia's regulation for foreign companies to set up regional headquarters in the kingdom will support the country's non-oil economy and improve job creation in the Arab world’s largest economy, according to analysts.

    The regulation, which requires firms to set up a local base in the kingdom or risk losing out on government contracts, came into effect on Monday.

    However, companies with foreign operations not exceeding 1 million Saudi riyals ($266,000) can operate in the kingdom without local headquarters.

    “We project robust non-oil growth of 5 per cent in 2024, the highest in the GCC, on a continued broad-based expansion of the non-oil economy,” Carla Slim, an economist at Standard Chartered Bank, told The National.

  • The AlUla tram project in Saudi Arabia

    The project will cover a distance of 22.4km and feature 17 strategically located stations. The world's longest battery-powered, catenary-free tramway line will offer unmatched access to the five core historical districts in AlUla, including UNESCO World Heritage sites such as AlUla Old Town (District 1), Dadan (District 2), Jabal Ikmah (District 3), Nabataean Horizon (District 4), and Hegra Historical City (District 5). By connecting these historically significant areas, this tramway project will encapsulate richness, history, and green mobility like no other.

  • Saudi Arabia Aligns Education Outputs with Industrial, Mining Sector Job Demands

    Alsaqabi said the Ministry has started negotiating with Saudi universities, academies and institutes to facilitate qualifying and developing capabilities and providing specializations that support the industrial sector in the Kingdom. These include the opening of the Department of Mining Engineering at King Fahd University of Petroleum and Minerals, and the ongoing efforts with Princess Nourah Bint Abdulrahman University to develop specializations that contribute to women’s participation in the industrial sector, as well as with King Abdulaziz University and King Saud University.

  • NEOM Unveils Leyja: A New Tourism Destination in Northwest Saudi Arabia

    NEOM has just unveiled “Leyja” as a new tourism destination in Northwest Saudi Arabia. Featuring three different hotels by world-renowned architects, the Leyja region is located in an ancient valley overhung by mountains 400 m tall. The project includes a staggering hotel by Chris van Duijn, a mirrored hotel by Shaun Killa, and a vertical rock hotel by Mario Cucinella. In an attempt to support sustainable tourism, the destination is part of the Saudi Vision 2030.

  • Saudi Arabia’s tourism revolution: Accelerating towards new era of global travel

    In 2023, Saudi Arabia has made significant strides in transforming itself into a premier global tourism destination, with the United Nations World Tourism Organization (UNWTO) Barometer reporting it as the world’s second fastest-growing tourist destination.