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Press Dossier   By Date  18/12/2024
Saudi Cabinet approves standard incentives for industrial sector
Saudi Arabia’s Cabinet has approved a set of standardized incentives aimed at boosting the Kingdom’s industrial sector, marking a significant step in the nation’s ongoing efforts to diversify its economy.
Saudi Arabia has extracted lithium from oilfield runoffs, says vice minister
Saudi Arabia has successfully extracted lithium from brine samples from Aramco’s oilfields and plans to launch a commercial pilot program for direct extraction soon, the Saudi vice minister of mining affairs said on Tuesday.
Saudi Arabia’s economy to expand by 3.7% in 2025: Mastercard Economics Institute
Saudi Arabia’s gross domestic product is expected to grow 3.7 percent in 2025, driven by a rise in the Kingdom’s non-oil activities, according to an analysis.
Saudi Arabia to automate 40% of its electricity distribution network by 2025: Minister
Saudi Arabia is working to automate 40 percent of its electricity distribution network by the end of 2025, having already achieved 32 percent of this target, according to the minister of energy.
Saudi Arabia explores digital partnerships with Germany, Japan, France
Saudi Arabia is exploring partnership opportunities with Germany, Japan, and France in emerging technologies, artificial intelligence, and digital infrastructure, as officials convened in Riyadh during the 19th Internet Governance Forum.
Saudi Entertainment Ventures unveils $346m destination in Jazan region
Saudi Arabia’s Jazan region is set to host a new SR1.3 billion ($346 million) entertainment destination, with Saudi Entertainment Ventures, or SEVEN, awarding the project’s development contract to Alfanar Projects.
Closing Bell: Saudi stock market ends in the red at 11,949
Saudi Arabia’s Tadawul All Share Index declined on Tuesday, dropping 148.01 points, or 1.22 percent, to close at 11,948.72.
PIF’s Diriyah Co. awards $202m contract for 2nd phase excavation works
An excavation contract worth SR758.5 million ($201.8 million) has been awarded to China Harbor Engineering Co. by Diriyah Co., as development of the city continues ahead of schedule.
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