Saudi Arabia Foreign Direct Investment Hits $3.49 Billion in Q4 2023 According to the Saudi General Authority of Statistics, Saudi Arabia has seen a significant jump in foreign direct investment (FDI) in the fourth quarter of 2023. FDI net inflows hit $3.49 billion in Q4...

Saudi Invests SR375m Annually on Tourism Skills for Citizens Tourism Minister Ahmed Al-Khateeb, has said that Saudi Arabia has been investing SR375 million annually to enhance the skills of its citizens in the tourism sector. According to the minister, this initiative has already increased the rate...

Saudi Invests SR375m Annually on Tourism Skills for Citizens Tourism Minister Ahmed Al-Khateeb, has said that Saudi Arabia has been investing SR375 million annually to enhance the skills of its citizens in the tourism sector. According to the minister, this initiative has already increased the rate...

UK DFI Supports African Food Security, Trade With $100m Facility A UK’s Development Finance Institution (DFI), British International Investment (BII), and impact investor has announced a $100 million finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to support trade and...

Saudi Arabia's Non-Oil Revenue Surge to 50% of GDP According to a recent report from the Saudi Ministry of Economy and Planning, non-oil revenues in the Kingdom hit a record high, accounting for approximately half of the country's GDP. This rapid increase was driven by the...

Saudi Arabia Pledges $40 Billion Investment in AI Sector Saudi Arabia's Public Investment Fund (PIF) is planning to create a fund of approximately $40 billion to invest in artificial intelligence (AI), According to the New York Times. The fund will seek to leverage the country's technological...