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Saudi News Update: Week 13

A businessman is staying up to date by reading the news on a tablet

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 2025Read 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


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


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 needRead here

Al Arabiya: Saudi model Rumy al-Qahtani to represent Kingdom in Miss Universe debutRead here


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