This week, Boeing has announced that a formal application has been submitted to have its regional headquarters in Saudi Arabia. Boeing has supplied over 400 aircraft to the Saudi Armed Forces, as well as investing in various partnerships across the Saudi aerospace ecosystem.
In other news, Saudi Arabia’s King Abdulaziz Port in Dammam has reported a 37.4% increase in container handling in H1 2024. Navigation traffic has also increased by 20%, signifying strong growth in Saudi Arabia’s maritime sector.
Economy, Budgets and Finance
Arab News: Saudi focuses on global economy at G20 development meeting. Read here
Argaam: Saudi capital market’s momentum likely ongoing in H2 2024: HSBC Saudi Arabia. Read here
Arab News: Education spending up in Saudi Arabia as POS transactions hit $2.9bn. Read here
Arab News: Saudi Arabia’s Dammam port records 37.4% surge in container handling. Read here
Government and Royal Family
Arab News: Saudi Arabia and Turkiye advance industrial and mining cooperation. Read here
Saudi Gazette: Saudi Arabia to strengthen economic ties with Brazil and Chile through high-level visit. Read here
Asharq Al-Awsat: Saudi Arabia Emphasizes Peaceful Cooperation to Achieve Global Security. Read here
Defence and Security
Times Aerospace: Boeing to strengthen Saudi ties with Riyadh HQ. Read here
Middle East Monitor: US approves potential military sale worth almost $2.8bn to Saudi Arabia. Read here
Gulf News: Saudi Arabia: 152 female recruits graduate from Civil Defence. Read here
Commercial
Arab News: Unearthing the transformative potential of Saudi Arabia’s mining sector. Read here
Arab News: Saudi Arabia sets new tourism record. Read here
Saudi Gazette: PIF signs agreements to localize renewable energy manufacturing in Saudi Arabia. Read here
Social
Arab News: How AI is unlocking the creative potential of Saudi Arabia’s burgeoning fashion industry. Read here
Al Arabiya: Saudi Arabia’s NEOM invests millions in social responsibility efforts across Kingdom. Read here
Arab News: Prince Abdulaziz visits Saudi athletes at Olympic Village, emphasizes historic participation. Read here
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