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  • Saudi Economy Set for Strongest Growth in Years Amid OPEC+ Supply Boost

    Saudi Arabia’s economy is set to grow by 4.4% next year, accelerating to the highest in three years from 1.3% growth expected for 2024, as OPEC+ is set to begin unwinding its oil production cuts in December, a Reuters poll of economists showed on Wednesday. On average, the economies of the six members of the Gulf Cooperation Council (GCC) – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – are expected to grow by 4.1% in 2025, compared to an expected 1.8% growth for this year and higher than the average estimate of 3.7% growth for 2025 in the July Reuters poll.

  • Al-Khorayef: Saudi Arabia to localize production of about 200 medicines

    Minister of Industry and Mineral Resources Bandar Al-Khorayef confirmed that the ministry has identified approximately 200 medicines whose localization is a priority in Saudi Arabia due to their great importance in achieving drug security. Actual steps have begun to localize 42 of these medicines in coordination and integration with governmental and private entities. He also stressed that Saudi Arabia is moving forward to become a pivotal center for the pharmaceutical and vaccine industry in the region, through effective partnerships it has concluded with major global pharmaceutical companies. Al-Khorayef stressed the importance of unifying efforts and establishing a clear reference for localizing the pharmaceutical industry to attract qualitative investments to the sector, and accelerate the steps toward achieving the goals of Saudi Arabia’s Vision 2030 in the pharmaceutical sector.

  • Secretary Blinken’s Meeting with Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud

    Secretary of State Antony J. Blinken met today with Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud in Riyadh to discuss our common efforts to end the conflicts in the region and establish greater peace and security.  The Secretary emphasized the need to end the war in Gaza, free the hostages, and enable the people of Gaza to rebuild their lives free from Hamas.  The Secretary and Crown Prince discussed efforts toward a diplomatic resolution in Lebanon that allows civilians on both sides of the Blue Line to return to their homes. They continued discussions on the need to establish lasting regional stability, including through greater integration among countries in the region.  They also discussed the importance of ending the conflict in Sudan, protecting civilians, and advancing a political transition to a civilian government.  The Secretary expressed appreciation for Saudi Arabia’s role in promoting stability and peace in the region.

  • Saudi Arabia’s World Cup Stadiums Explained

    The 2034 FIFA Men’s World Cup is coming to Saudi Arabia. The Kingdom, which has been rapidly expanding its infrastructure and pushing the boundaries of architectural innovation, will now build or renovate 15 stadiums across the country, marking a bold step in its bid to become a global sporting hub. The tournament will be hosted across 11 newly constructed venues, while four existing stadiums will undergo extensive renovations to meet FIFA’s rigorous standards.

  • Final off take agreement signed to localize 7 insulin products

    The agreement was concluded in partnership with the National Unified Procurement Company for Medical Supplies (NUPCO), Sudair Pharmaceutical Company, Sanofi, and Novo Nordisk. This agreement reflects Saudi Arabia's efforts to enhance its production capabilities and its commitment to creating an attractive investment environment and thus strengthening its position as a regional center for the pharmaceutical industry in line with the goals of Saudi Vision 2030.

  • Blinken on new quest for Saudi ties with Israel

    The top US diplomat flew directly from Tel Aviv in Israel to the Saudi capital Riyadh, a mere two-hour flight impossible on commercial airliners, on a tour of the Middle East days before the US election. Speaking to reporters on the tarmac in Tel Aviv, Blinken urged keeping "eyes on the strategic prize" of Israel-Saudi normalisation as his efforts for a Gaza ceasefire ground on with no immediate breakthrough in sight. "There remains, despite everything that's happened, an incredible opportunity in this region to move in a totally different direction," Blinken said before boarding his US government plane.

  • Saudi Arabia’s 2023 FDI data reflects success of Vision 2030: Al-Falih

    “As a result of these positive shifts in FDIs, we expect to see more investors entering the Saudi market to take advantage of the country’s economic and investment strength, the stability of its policies, its long-term economic vision, and its solid financial and monetary fundamentals. Additionally, they will benefit from Saudi Arabia's strategic location, which serves as a gateway to growth opportunities throughout the Middle East and beyond,” Al-Falih said.

  • Blinken and Crown Prince Salman discuss Gaza in US push for Israel-Saudi Arabia normalisation

    US Secretary of State Antony Blinken met Saudi Crown Prince Mohammed bin Salman in Riyadh on Wednesday as part of a diplomatic push to “end the conflicts” in the Middle East. Mr Blinken “emphasised the need to end the war in Gaza, free the hostages and enable the people of Gaza to rebuild their lives free from Hamas", State Department spokesman Matthew Miller said in a readout of the meeting.

  • Eleventh Saudi Relief Plane Departs for Lebanon with Essential Aid Supplies

    An eleventh relief plane of the Saudi air bridge, operated by the King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.

  • Blinken scraps Jordan stop on Gaza truce tour, heading to Saudi Arabia instead

    US Secretary of State Antony Blinken will travel to Saudi Arabia on Wednesday for talks on normalization with Israel as he pushes for a ceasefire in Gaza, a US official tells reporters. Blinken, who is on a regional tour expected to last throughout the week, will travel to Saudi capital Riyadh instead of previous plans to head to Jordan due to scheduling issues, the official says on condition of anonymity. The normalization deal is widely seen as dead in the water, as Riyadh is now conditioning it on the establishment of a Palestinian state — a nonstarter for Israel.