The state remains the largest shareholder in Aramco after the transfer, as it retains more than 90 per cent of the company’s shares
The kingdom has one of the highest reserve coverage ratios among Fitch-rated sovereigns at 18 months of current external payments
Fitch Ratings, one of the big three rating agencies, assigns Saudi Arabia the same score as S&P Global while Moody’s has it one level higher
Mawani said the logistics park is expected to further boost its role as a key player in the national transportation ecosystem
Saudi Arabia has won the prestigious AFC Asian Cup championship on three occasions: 1984, 1988, and 1996
The kingdom is looking to leverage an estimated $1.3tn worth of vastly underexplored metals and minerals to support its sustainable development goals and the clean energy transition
Saudi Arabia recently issued the Regional Tourism Development Councils Regulation to boost tourism in areas like NEOM, the Red Sea and Diriyah Gate
FOO works with banks, fintech companies and retailers across the MENA region to provide digital products that enhance business models and customer experience
Partnership would leverage digital transformation to support Saudi Arabia’s energy transition and expand its knowledge economy
The country aims to improve the digital skills of 100,000 Saudi youngsters by 2030, with a focus on cybersecurity, programming, AI and gaming
At the forefront of Vision 2030, SMEs are diversifying the economy as the kingdom competes in a global arena
The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed
The fund intends to play a leading role in refocusing the economy toward underdeveloped industries
The project is part of Saudi Vision 2030
Construction work on the $500bn NEOM project is slated to begin this year
Last week, Saudi Arabia’s cabinet approved electronic visas for foreign visitors to attend sporting events and concerts