PIF launches company to develop Al-Khafji as Kingdom’s mega coastal tourism hub
Gulf Coast Development Company will build 16,000 homes, 1,400 hotel rooms and a 10km waterfront as Saudi Arabia expands tourism investment...
Tag : Vision 2030
Saudi Arabia’s New Murabba replaces CEO as PIF rethinks giga-projects
PIF executive Sabah Barakat takes charge as the Riyadh development faces a longer timeline and tighter spending priorities under Vision 2030...
Aramco and Maaden dig deep into Saudi Arabia’s USD 2.5 trillion mineral wealth
New joint venture will explore 182,000 sq km for copper, rare earths and other critical minerals as Riyadh accelerates its post-oil diversification drive...
Saudi’s Islamic banking continues to expand due to ‘Vision 2030,’ says S&P
Taking note of Islamic banking's rise at the global level, the ratings agency also said that the sector represented about 76% of the Gulf major's banking assets...
Mixed performance by Saudi on FDI front as net inflows decline in Q1 2026
There was a positive growth in total FDI inflows into the Saudi economy during the first quarter of 2026, as the tally rose to SR26.6 billion...
Saudi construction cost growth stays moderate in May, says GASTAT
The Construction Cost Index was 2.65 higher than 2025, driven by increased equipment rental, labour, and energy costs in the property sect...
Saudi Arabia’s nominal GDP rises 6.3% in Q1 2026, finds report
Inflationary conditions within the Saudi economy remained stable, with the Consumer Price Index (CPI) remaining at 1.7% in April 2026...
IF Insights: Saudi Arabia’s grand pivot from oil to minerals under Vision 2030
Saudi Arabia, traditionally recognised for its hydrocarbon wealth, is rapidly emerging as a significant player in the mining sector...
Malaz Capital: Shaping the future of Saudi private real estate funds
Malaz Capital has solidified its position as a trusted investment partner, driving value across various sectors, including real estate...
Vision 2030: Saudi Arabia nears tourism target as visitor numbers hit 122 million
In 2024, Saudi Arabia welcomed 116 million tourists, exceeding its annual visitor target for the second consecutive year, according to the Ministry of Tourism’s statistical report released in June 2025...