Saudi Arabia plans $400bn spending on IKTVA program
Saudi Arabia plans to spend more than SR1.5 trillion ($400 billion) on its In Kingdom Total Value Add (IKTVA) program ...
Country: Kingdom of Saudi Arabia
Qatar, Kuwait to drive GCC growth in 2018 and 2019: IMF
Qatar’s FIFA 2022-linked infrastructure investments and Kuwait’s implementation of five-year development plans will be the GCC growth triggers in 2018 ...
Saudi King launches $4.4bn new development projects
Saudi King Salman has embarked on a massive development mission launching projects worth SR16.5 billion ($4.4 billion) mainly focusing on ...
Saudi, UAE among world’s top 10 economic powers
Saudi Arabia and the United Arab Emirates ranked ninth and 10th respectively on the list of the world's most dominant ...
Saudi Arabia ‘set for improved deficit in 2018’
Saudi Arabia’s deficit of SR49 billion ($13 billion) during the first nine months of 2018 was less than the financing ...
Saudi Arabia, Kuwait, UAE deposit over $1bn in Jordan Central Bank
Saudi Arabia, Kuwait, and the United Arab Emirates have placed over $1 billion in deposits at the Central Bank of ...
Alstom wins $848m Riyadh Metro network contract
Alstom, as a part of Flow consortium, has been awarded a contract worth more than €730 million ($848 million) from ...
Work on $4bn Bahrain-Saudi causeway to begin in 2021
Work on the $4-billion King Hamad Causeway, connecting Bahrain to Saudi Arabia, is set to kick off by mid-2021 and ...
Saudi fund to sign $11B loan from world’s biggest banks
Saudi Arabia’s sovereign wealth fund will sign an $11 billion loan this week, marking its first-ever borrowing, according to people ...
Saudi wealth fund bets big to revamp oil-based economy
With the stock market listing of its national oil company stalled, Saudi Arabia is scrambling to boost the coffers of ...
The resource of credible, industry-specific updates