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Saudi News Update: Week 51

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

This week, Neom unveiled ‘Utamo’. Which will be a new destination for entertainment and the world’s biggest artists. This project will look to house some of the world’s most exclusive and lavish event spaces. In other news, new research by Al-Rajhi Capital outlines the true value of the 2030 Expo, including a $95 billion boost to the economy, with tourism and hospitality expected to have the biggest boost.


Economy, Budgets and Finance

Arab News:  True value of Expo 2030 boost laid out in new report. Read here


Arab News: Saudi Arabia is set to witness major developments in nuclear sector: IAEA chief. Read here


Saudi Gazette: Economy Minister reviews economic reforms in Saudi Arabia with World Bank's delegation. Read here


Arab News: Saudi Arabia and Thailand forge strategic partnership for economic growth. Read here


Government and Royal Family

Arab News:  Saudi Arabia leads condolences to Kuwait over emir’s death. Read here


Arab News: Saudi FM and UK’s David Cameron discuss Gaza ceasefire, aid in London. Read here


Defence and Security

Arab News: Saudi Arabia, UK defence ministers discuss cooperation. Read here


Commercial

Al Arabiya: Lucid has assembled almost 800 cars in Saudi plant, focused on training: VP. Read here


Arab News: Saudi property rental contracts registered through Ejar platform hits 8m. Read here


Social

Arab News: King Abdulaziz Falconry Festival 2023 enters Guinness Records as largest falconry competition globally.  Read here


Saudi Gazette: Saudi Arabia announces first opera house in Riyadh.  Read here


Al Arabiya: Saudi Arabia’s NEOM: $500 bln project unveils Utamo to host global mega artists. Read here


Al Arabiya: Saudi Arabia’s Al-Nassr FC third most searched sports team globally: Google Trends. Read here


 

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