This week the General Authority for Statistics announced that the value of net foreign direct investment into Saudi Arabia has crossed $3.4 billion in Q4 2023. An increase of 16% compared to the previous quarter.
In other news, Saudi Arabia has been ranked 3rd in the Global Entrepreneurship Monitor report for 2023-2024. This report assesses the entrepreneurial ecosystem of countries worldwide
Economy, Budgets and Finance
Saudi Gazette: FDI inflows to Saudi Arabia jump 16%, reaching over SR13 billion in 4Q of 2023. Read here
Saudi Gazette: Saudi Arabia records highest ever inbound tourism spending of SR135 billion in 2023. Read here
Arab News: Unemployment rate in Saudi Arabia drops to 4.4%: GASTAT. Read here
Government and Royal Family
Arab News: Saudi Arabia announces cultural cooperation award with China. Read here
Asharq Al-Awsat: Saudi Vice FM Receives US Ambassador to Saudi Arabia, Other Diplomats. Read here
Saudi Gazette: Saudi Arabia chosen to chair UN Committee on the Status of Women in 2025. Read here
Defence and Security
Asharq Al-Awsat: Saudi Arabia to Expand Private Sector Role in Military Industries. Read here
Saudi Gazette: Saudi chamber forms national committee for military industries. Read here
Commercial
Arab News: Saudi Arabia leads the charge toward energy transition: report. Read here
Arab News: Mideast sets record in renewable energy capacity, Saudi Arabia reaches 2.6 GW: IRENA. Read here
Arab News: UAE, Saudi Arabia ranked as leading global entrepreneurial ecosystems. Read here
Arab News: Saudi Arabia’s private equity market sees $4bn in transactions. Read here
Social
Saudi Gazette: Saudi Arabia launches green financing framework to advance sustainability goals. Read here
Arab News: Saudi Arabia’s KSrelief donates tons of dates and food aid to families in need. Read here
Al Arabiya: Saudi model Rumy al-Qahtani to represent Kingdom in Miss Universe debut. Read here
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