Still, selling bad loans will only be one part of the funding effort for giga projects, given their scale. Saudi banks could need to issue at least $16 billion a year in new debt through 2030 to ...

Outstanding developments such as Neom, the Diriyah Project, Jeddah Central and King Salman International Airport are not only ...

A consulting boom in Saudi Arabia is starting to peter out. Western firms were raking in cash from advising the kingdom on projects to diversify its economy. But now Riyadh is having second thoughts ...

Fixed investment, supported by the private sector, is likely to grow by 3.8% as Saudi Vision 2030 gains momentum. However, two risks could derail these forecasts, the report said. Global economic ...

National oil company Saudi Aramco this month slashed its 2025 dividends by 30 per cent after a 12 per cent drop in net income last year to $106bn. The cut in payments will hit the coffers of Saudi’s ...

The surge in e-commerce, food delivery, and parcel services is boosting profits for logistics firms, but external costs and ...

Riyadh: The liquidity levels ("available money") in the Saudi economy recorded an annual growth of SAR236.129 billion, or 9%, reaching SAR2.921 trillion by the end of 2024, compared to SAR2.685 ...

Saudi Red Sea Authority is driving coastal tourism boom as it establishes Kingdom as major player in global yacht industry ...

Bloomberg has run reports claiming project blueprints have been downscaled and workforces trimmed – accusations that Saudi Economic Minister Faisal F.Alibrahim staunchly denies. Conceived by ...

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File ...

The Saudi construction market is experiencing a major transformation, driven by the ambitious goals of Vision 2030. The Kingdom aims to diversify its economy and reduce its reliance on oil ...