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Saudi News Update: Week 4


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

This week Saudi Arabia showcased its dedication to attracting investments during this year's Davos Forum, underscoring sustainable initiatives to diversify the economy beyond oil.


Ministerial statements highlighted progress in achieving Vision 2030, reflecting the Kingdom's commitment to long-term economic transformation. In addition, Saudi Arabia unveiled plans to host the inaugural special meeting of the World Economic Forum in Riyadh on April 28-29, marking a significant event. The conference aims to address crucial global issues, including international cooperation, economic growth, and energy matters.


Economy, Budgets and Finance

Al Arabiya:  Saudi Arabia’s Vision 2030 shines at Davos 2024. Read here


Saudi Gazette: Saudi Arabia bids to host the 2027 World Water Forum in Riyadh. Read here


Arab News: Saudi Arabia’s building materials sector investment hits $89.5bn. Read here


Government and Royal Family

Al Arabiya:  Saudi launches administrative court to boost investor confidence. Read here


Defence and Security

Arab News: Pakistan Army, Royal Saudi Land Forces kick off joint military training. Read here


Commercial

Saudi Gazette: Saudi Arabia sets operational guidelines for bonded zones. Read here


Saudi Gazette: Genesys expands its presence in Saudi Arabia with new Riyadh office. Read here


Al Arabiya: Saudi Arabia launches National Biotechnology Strategy set to transform the Kingdom. Read here


Social

Arab News: New regulations to control quantities of special goods; beverages for foreign embassies in Saudi Arabia.  Read here


Al Arabiya: Saudi Arabia’s NEOM: $500 bln project unveils new mega resort and nature sanctuary.  Read here


Saudi Gazette: Dream of the Desert luxury train to be operational in Saudi Arabia in 2025.  Read here


Al Arabiya: Lionel Messi challenges misconceptions around Saudi Arabia in new campaign.  Read here


 

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