The World Bank chooses Saudi Arabia as a knowledge center to spread the culture of economic reforms globally, emphasizing the progress it has achieved in global competitiveness reports and indicators, which came as a result of the economic reforms implemented during the past 7 years.
The Saudi Venture Capital Company (SVC) invests in 40 investment funds, and the number of startups and small and medium enterprises invested in has reached more than 700 companies covering several sectors, in addition to the total amounts invested in startups multiplying 21 times to reach 5.2 billion riyals.
Recently, construction work began on Sharaan Resort, located in a natural reserve between sand dunes and historical inscriptions in #AlUla, which includes hotel units carved into the mountains with unparalleled architectural designs in the world.
The Tourism Development Fund signs a cooperation agreement with Karisma International Hotels and Resorts to explore opportunities to develop luxury resorts in Saudi Arabia, with the aim of promoting new areas for the tourism and hospitality sectors, and highlighting investment opportunities in the Saudi tourism sector.
Flydubai launched its first flight to the #Red_Sea_International_Airport, where the company will operate two flights a week from Dubai to the #Red_Sea_destination, to connect the destination and the residents of the areas located near it with the world.
Zain Saudi Arabia launches the first fleet management system dedicated to the business sector as a completely national product, as all tracking devices for the fleet management system were manufactured and assembled in Saudi Arabia, and all data is hosted locally via the Zain cloud.
The New Square Company appoints Karl Skibrowski as CEO of the development sector at the New Square Development Company, as he has more than 25 years of experience in executive positions in developing and delivering major real estate projects worldwide.
Saudi Arabia’s next mega-projet: Mukaab, an indoor super-city in Riyadh
China Southern Airlines launches its first direct flights from Beijing to Riyadh, after obtaining permission from the Civil Aviation Authority to operate flights from Beijing, Guangzhou and Shenzhen to Riyadh, with 4 passenger flights and 3 cargo flights weekly, to enhance air connectivity between the two countries and achieve the national aviation strategy.
The latest developments in the work at the TeamLab Borderless Japanese Museum, located in historic #Jeddah, on an area of 10,000 square metres. The museum will display more than 50 works of art designed by the TeamLab team using digital technology, to be the first museum of its kind in the Middle East to be created permanently..
NEOM Port in #Oxagon launches the weekly sub-transport service from Falak Marine Company, and receives in the inaugural operation the Jin Shun He ship, as part of the Northern Red Sea services, to provide companies with reliability and environmental efficiency when shipping goods to #NEOM and enhance Saudi Arabia’s position as a global logistics center.
Under the patronage of the Custodian of the Two Holy Mosques, Riyadh will host the third edition of the #Future_Aviation_Conference 2024 during the period from 20 to 22 next May, with the participation of more than 5,000 officials from international organizations, experts, and aviation industry leaders from more than 100 countries.
#NEOM launches its promotional campaign in China in cooperation with the China Council for the Promotion of International Trade, Beijing branch, in the presence of many officials and executives of Chinese companies from various Chinese cities, with the aim of introducing and reviewing NEOM’s most prominent projects, including #The_Line, and attracting investments from Chinese companies.
A private sector investor has obtained regulatory approvals to launch a new airline linking #Saudi Arabia to the continent of Africa, where details of the launch date, operation, and routes are expected to be announced during the coming period.
#Riyadh_Season signs an official partnership with the World Boxing Council (WBC), which is one of the most important and oldest official organizations in the world of boxing, with the aim of cooperating in developing the game and achieving more successes in the entertainment sector in Saudi Arabia.
