Friday 14 February 2025

0

NON-OIL SECTOR BOOST
Saudi Arabia unveils $1 trillion infrastructure investment plan

Saudi non-oil sector is poised for substantial growth over the next two years driven by the expansion of prime industries, said its economy minister, adding infrastructure investments in the kingdom too is expected to surge hitting $1 trillion by 2030.

more…

1

$43bn PURCHASE ORDERS
Saudi's flynas to take delivery of over 100 Airbus planes by 2030

Saudi budget carrier flynas is likely to receive more than 100 Airbus planes over the next five years, as part of its broader deal for 280 Airbus jets, said a top official. The airline aims to operate 160 aircraft by 2030 in bid to meet growth targets.

more…

2

INVESTMENT LICENCES UP 10pc
Global firms setting up Saudi HQ doubles to 600; nets $320bn FDI

Saudi Arabia has announced tremendous response from global companies in joining the kingdom's growth story with nearly 600 firms set to open their headquarters within the country, thus taking its total investments to SAR1.2 trillion ($320 billion).

more…

3

SPOTLIGHT
Majority plan more vacations this year, finds survey

The travel market is set to grow in 2025 with 84% of people participating in a survey planning to go on the same amount or more holidays this year, compared to 2024.

more…

4

ANALYSIS
Mideast organisations set to increase AI investment: report

More than 65% of organisations in the Middle East plan to increase investment in AI in the coming year, despite talent and technology challenges they face, according to a new report.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

PIF buys key stake in Saudi building materials company

Saudi sovereign wealth fund PIF said it has acquired a 30% stake in Masdar, a leading local firm specialising in the trading of building materials. This strategic investment will help the company expand its operations and also build new partnerships.

More…
Retail & Wholesale

Damiani joins Panerai to open new luxury outlet in Madrid

The Damiani Group, a leading player in the luxury sector, has announced the opening of its new outlet in the heart of Spanish capital Madrid in partnership with renowned Swiss manufacturer of high-end watches Panerai.

More…
Energy, Oil & Gas

German group to build big heat exchanger facility in Dubai

German technology group Allied Heat Exchange (A-HEAT) has announced plans to develop the largest heat exchanger production facility in GCC. Spanning 1.2 million sq ft, the built-to-suit facility will be located within DP World’s flagship free zone Jafza.

More…
Finance & Capital Market

Saudi Arabia unveils $1 trillion infrastructure investment plan

Saudi non-oil sector is poised for substantial growth over the next two years driven by the expansion of prime industries, said its economy minister, adding infrastructure investments in the kingdom too is expected to surge hitting $1 trillion by 2030.

More…
Analysis, Interviews, Opinions

Majority plan more vacations this year, finds survey

The travel market is set to grow in 2025 with 84% of people participating in a survey planning to go on the same amount or more holidays this year, compared to 2024.

More…
Industry, Logistics & Shipping

Global firms setting up Saudi HQ doubles to 600; nets $320bn FDI

Saudi Arabia has announced tremendous response from global companies in joining the kingdom's growth story with nearly 600 firms set to open their headquarters within the country, thus taking its total investments to SAR1.2 trillion ($320 billion).

More…
Travel, Tourism & Hospitality

Saudi's flynas to take delivery of over 100 Airbus planes by 2030

Saudi budget carrier flynas is likely to receive more than 100 Airbus planes over the next five years, as part of its broader deal for 280 Airbus jets, said a top official. The airline aims to operate 160 aircraft by 2030 in bid to meet growth targets.

More…
IT & Telecommunications

LEAP25 ends on a successful note; nets $15bn in key investments

LEAP25, the region's premier technology event, concluded on a successful note emerging as a global hub for investments in artificial intelligence (AI), infrastructure, and cloud computing, with the total investments exceeding $15 billion, said a report.

More…
Motoring

Musk's company in deal to develop Dubai Loop project

Roads and Transport Authority (RTA) has signed an agreement with Elon Musk's Boring Company for the development of 'Dubai Loop' project. A 17-km-long underground transport system, it features 11 stations that can handle over 20,000 passengers per hour.

More…
Health & Environment

Sudair Pharma to set up new insulin plant in Saudi Arabia

Saudi-based Sudair Pharma Company has laid the foundation stone for its new insulin plant coming up in the Sudair City. The plant is expected to produce 15 million insulin pens per annum, which will cover the needs of 500,000 patients in its first year.

More…
Media & Promotion

stc Bahrain launches new edition of 'Wonderland' festival

The stc Bahrain has launched a new edition of its family-friendly 'Wonderland’ festival in the kingdom's Seef District. The 20-day winter festival will feature a diverse range of enjoyable entertainment in a vibrant and welcoming atmosphere for all ages.

More…
Education, HR & Training

Aramco executive elected to US National Academy of Engineering

Aramco Downstream President Mohammed Y. Al Qahtani has been elected as an international member of the prestigious US National Academy of Engineering (NAE). With this, Al Qahtani becomes the first Saudi citizen to get elected to NAE since its foundation.

More…
Miscellaneous

PIF named title sponsor for Saudi ladies golf tournament

Golf Saudi has announced that PIF is the new title partner of the renamed PIF Saudi Ladies International, a partnership which also sees the prize money for the tournament equaling with the men’s contest, underlining PIF’s commitment to inclusion in sport.

More…

calendarCalendar of Events

Weather

MANAMA WEATHER
ABU DHABI WEATHER
DUBAI WEATHER
RIYADH WEATHER
OMAN WEATHER
KUWAIT WEATHER
QATAR WEATHER

Trade Arabia on Twitter


TradeArabia on Facebook