This week, Knight Frank, the global real estate consultant, projected Saudi Arabia’s construction output value to hit $181.5 billion by the end of 2028. This has been driven by the ‘historical transformation’ unfolding in Saudi Arabia.
In other news, Saudi officials have met with White House officials in Washington to enhance and expand the strategic partnership between Saudi Arabia and the USA.
Economy, Budgets and Finance
Arab News: ‘Historical transformation’ in Saudi Arabia to drive construction output to $181.5bn: Knight Frank. Read here
Arab News: Saudi Arabia sees 5.6% rise in FDI in Q1 2024. Read here
Arab News: Saudi Arabia’s logistics sector pioneering pathways for global connectivity. Read here
Saudi Gazette: British businessmen to invest in energy and infrastructure in Saudi Arabia. Read here
Government and Royal Family
Arab News: Saudi minister meets White House officials on Saudi-US partnerships. Read here
Al Arabiya: Saudi Arabia signs agreement with OPEC Fund to aid economic recovery in Somalia. Read here
Arab News: Saudi Shoura Council to visit Tajikistan, Uzbekistan. Read here
Defence and Security
Arab News: Saudi defense minister received by Chinese counterpart in Beijing. Read here
Arab News: Saudi National Guard minister receives French ambassador to Riyadh. Read here
Trade Arabia: Saudi and China discuss ways to strengthen defence ties. Read here
Commercial
Arab News: How a new tech academy is helping Saudi Arabia train its next generation of app developers. Read here
Arab News: Saudi university secures X-ray film patent. Read here
Construction Week: Authorities implement more than 80 projects in Alkhobar. Read here
Social
Al Arabiya: Saudi Arabia’s Qiddiya City unveils groundbreaking performing arts center. Read here
Arab News: Saudi village built atop volcanic crater attracts tourists. Read here
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