Saudi Arabia Launches a $266 Million Boulevard Business Park in Riyadh
Saudi Arabia’s General Entertainment Authority has announced the launch of a $266 million business park, which will be located at Boulevard City in Riyadh.
September 1, 2024
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Saudi Arabia’s General Entertainment Authority has announced the launch of a $266 million business park, which will be located at Boulevard City in Riyadh.
The global shipping giant, Maersk has opened the largest logistics park in the Middle East at Jeddah Islamic Port in partnership with Saudi Arabia’s General Ports Authority.
Saudi Arabia’s official reserves reached a staggering 1.7 trillion SAR in July 2024 which equates to $453 Billion.
Saudi Arabia has updated its investment law to attract more foreign investors into the Kingdom.
Emirates NBD, the leading UAE banking group, has opened a new branch in Riyadh’s King Abdullah Financial District (KAFD) to expand its presence in Saudi Arabia.
Saudia Airlines has placed its largest order yet to purchase up to 100 electric take of and landing jets worth $700 million from German electric air taxi firm, Lilium.
The USA and Saudi Arabia have signed an agreement to enhance cooperation in civilian space exploration.
Saudi Arabia has eased tourist visa requirements for travelers from Pakistan, with applicants now only having to submit a bank statement showing a balance of $750 or equivalent.
Riyadh is projected to be one of the 15 fastest growing cities in the world by 2033, according to a report by Savills.
Saudi Arabia’s Public Investment Fund reported that its revenues doubled to a staggering $88.5 Billion in 2023 up from $44 Billion in 2022.
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