Category: Economy

**Saudi Minister’s Successful Russia Visit** The Saudi Minister of Industry recently concluded an official visit to the Russian Federation, marking a significant step in strengthening bilateral ties. This visit underscores Saudi Arabia’s commitment to fostering global partnerships under Vision 2030. By collaborating with Russia, the Kingdom aims to diversify its economy and enhance industrial growth. […]

Saudi Arabia’s General Authority for Competition (GAC) recently took part in the United Nations Conference on Competition and Consumer Protection in Geneva. This participation underscores the Kingdom’s commitment to fostering fair markets and protecting consumer rights globally. It also aligns with Saudi Vision 2030’s goals of economic diversification and sustainable growth. The conference provided a […]

Saudi Arabia’s Commerce Ministry has taken swift action to ensure consumer safety by recalling 2,124 Baseus power banks due to potential battery overheating risks. This decisive move reflects the Kingdom’s commitment to protecting its citizens and residents, aligning with the values of safety and responsibility embedded in Saudi society. The Ministry’s proactive approach underscores its […]

Saudi Arabia’s Financial Sector Development Program (FSDP) has unveiled its 2024 Annual Report, marking another milestone in the Kingdom’s transformative journey under Vision 2030. The report highlights remarkable progress in diversifying the economy, strengthening the financial sector, and fostering innovation. It reflects Saudi Arabia’s commitment to building a robust, inclusive, and sustainable financial ecosystem. The […]

Saudi Arabia’s Vision 2030 continues to inspire remarkable progress across diverse sectors. The recent establishment of Tasama, a new Public Investment Fund (PIF) company, marks a significant milestone in the Kingdom’s journey toward economic diversification and business services growth. Tasama aims to enhance the efficiency and competitiveness of Saudi businesses, driving innovation and creating thousands […]

Saudi Arabia continues to make remarkable strides under Vision 2030. The Diriyah Company has awarded a $600 million contract to Salini Saudi Arabia for constructing 400 retail units in Diriyah Square. This project highlights the Kingdom’s commitment to economic diversification and tourism growth. It reflects Saudi Arabia’s dedication to creating vibrant, world-class destinations. Diriyah Square […]

Saudi Arabia continues to shine as a beacon of progress and innovation, and the recent celebration of 252 graduates from the Hadaf Saudi Japanese Automobile Institute is a testament to this transformative journey. Aligned with Vision 2030, this milestone highlights the Kingdom’s commitment to economic diversification, skill development, and global collaboration. These graduates represent the […]

Saudi Arabia continues to lead the way in renewable energy, showcasing its commitment to a sustainable future. According to GASTAT, the capacity of renewable energy projects operated in the Kingdom reached an impressive 6,551 MW by the end of 2024. This milestone reflects the nation’s dedication to Vision 2030, a transformative blueprint for economic diversification […]

**Saudia Soars: Connecting Millions** Saudia Airlines has achieved a remarkable milestone, transporting over 17.5 million passengers in the first half of 2025. This achievement reflects Saudi Arabia’s commitment to Vision 2030, showcasing progress in aviation and tourism. The airline’s success highlights the Kingdom’s dedication to economic diversification and global connectivity. Saudi Arabia’s aviation sector is […]

**Saudi Arabia’s Industrial Leap Forward** In May 2025, Saudi Arabia’s Ministry of Industry issued 155 new industrial licenses, marking a significant milestone in the Kingdom’s economic diversification efforts. This achievement underscores the nation’s commitment to Vision 2030, a transformative blueprint designed to reduce reliance on oil and foster sustainable growth. The issuance of these licenses […]