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Minister of Tourism Ahmed Al-Khateeb speaking during a panel session at the ninth edition of the Future Investment Initiative (FII9) in Riyadh.
Saudi Arabia targets 50 million foreign tourists annually by 2030, says tourism minister
Saudi Gazette reportRIYADH — Saudi Arabia plans to attract around 50 million international tourists annually by 2030 out of a total of 150 million visitors, Minister of Tourism Ahmed Al-Khateeb said. He emphasized that the focus will be on attracting upper-middle-class and wealthy travelers. Speaking during a panel session at the ninth edition of the Future Investment Initiative (FII9) in Riyadh, Al-Khateeb said the tourism sector has become one of the main pillars of Vision 2030, undergoing a major transformation to diversify national income beyond oil. The minister highlighted that Saudi Arabia aims to double the tourism sector’s contribution to the gross domestic product (GDP) to reach 10 percent within the next five years, aligning with the global average. Al-Khateeb noted that the...
October 29, 2025

Saudi Arabia targets 50 million foreign tourists annually by 2030, says tourism minister

In terms of operating expenses, manufacturing accounted for the largest share at 41.6 percent, followed by wholesale and retail trade at 22.1 percent, construction at 7.7 percent and mining at 5.3 percent.
Operating revenues in Saudi business sector post 3.9% growth reaching SR5.5 trillion in 2024
Saudi gazette reportRIYADH — Operating revenues in Saudi Arabia’s business sector recorded an annual increase of 3.9 percent, reaching SR5.5 trillion during the year 2024, according to the General Authority for Statistics (GASTAT). The 2024 Structural Business Statistics report released by GASTAT showed that total operating expenses amounted to SR2.367 trillion, up by 9.3 percent during the last year. The report includes a set of key indicators highlighting the structural features of the business sector in the Kingdom. According to the report, compensation of employees totaled SR588.8 billion, marking an annual growth of 8.1percent. A comparison with 2023 data showed that operating revenues rose across several economic activities, most notably in manufacturing by 7.3 percent,...
October 29, 2025

Operating revenues in Saudi business sector post 3.9% growth reaching SR5.5 trillion in 2024

Justice minister launches upgraded Taradhi conciliation platform
RIYADH — Saudi Minister of Justice Dr. Walid Al-Samaani has launched the second version of the “Taradhi” platform, affiliated with the Conciliation Center, as part of the ministry’s ongoing efforts to enhance conciliation services in line with local and international best practices. The upgraded platform represents a key step in the Kingdom’s judicial digital transformation, designed to boost the efficiency of the conciliation system, improve service quality for users, and expedite procedures while ensuring easier access to justice. The new version of “Taradhi” introduces several advanced features that uphold the highest standards of transparency, reliability, and user experience within a secure digital environment. These enhancements aim to improve service delivery, elevate...
October 29, 2025

Justice minister launches upgraded Taradhi conciliation platform

CEO of Expo 2030 Riyadh Talal Al-Marri and CEO of FII Institute Richard Attias closing signing the partnership at FII9 in Riyadh. (SPA)
FII partners with Expo 2030 Riyadh to advance global prosperity and innovation
Saudi Gazette reportRIYADH — The Future Investment Initiative (FII) has entered a long-term strategic partnership with Expo 2030 Riyadh to advance global prosperity and create lasting impact for humanity. Through this collaboration, FII will leverage its global network and investment expertise to turn ambitious ideas into tangible results. Together, the two organizations will design initiatives that put people at the center of policy, innovation, and investment, ensuring progress benefits citizens, businesses, and governments alike. Richard Attias, CEO and Executive Chairman of the FII Institute, said the partnership unites one of the world’s leading platforms for changemakers with one of the most transformative global gatherings. He emphasized their shared mission for 2030: to...
October 29, 2025

FII partners with Expo 2030 Riyadh to advance global prosperity and innovation

Minister of Economy and Planning Faisal Al-Ibrahim speaking at the ninth Future Investment Initiative (FII9) in Riyadh.
Saudi Arabia targets 69% non-oil GDP share in next phase of economic transformation, says Al-Ibrahim
Saudi Gazette ReportRIYADH — Saudi Minister of Economy and Planning Faisal Al-Ibrahim said that Saudi Arabia aims to raise the contribution of non-oil activities in the GDP to 69 percent as part of its next phase of economic transformation. Speaking at the ninth Future Investment Initiative (FII9) in Riyadh on Wednesday, Al-Ibrahim emphasized that the Kingdom's growth strategy focuses on smart, efficient spending rather than cuts in expenditure, adding that “this is about driving quality growth through productivity and innovation.” Al-Ibrahim noted that non-oil GDP grew around 5 percent this year, with total GDP expected to reach 5.1 percent. He highlighted that non-oil activities now account for 56 percent of GDP, a significant milestone in the Kingdom’s economic...
October 29, 2025

Saudi Arabia targets 69% non-oil GDP share in next phase of economic transformation, says Al-Ibrahim

Saudi Arabia reaffirmed its call for an immediate return to dialogue to achieve a ceasefire, underscoring the importance of preserving Sudan’s unity, security, and stability, safeguarding its legitimate institutions.
Saudi Arabia condemns humanitarian violations during attacks in Sudan’s El Fasher
Saudi Gazette reportRIYADH — Saudi Arabia voiced deep concern and strong condemnation of the gross humanitarian violations that occurred during the recent attacks by the Rapid Support Forces on the city of El Fasher in Sudan.In a statement, the Ministry of Foreign Affairs emphasized the necessity for the Rapid Support Forces to uphold their obligations to protect civilians, ensure the safe and unimpeded delivery of humanitarian aid, and comply with international humanitarian law, as stipulated in the Jeddah Declaration of Commitment to Protect the Civilians of Sudan, signed on May 11, 2023.Saudi Arabia reaffirmed its call for an immediate return to dialogue to achieve a ceasefire, underscoring the importance of preserving Sudan’s unity, security, and stability, safeguarding its...
October 29, 2025

Saudi Arabia condemns humanitarian violations during attacks in Sudan’s El Fasher

Crown Prince and Prime Minister Mohammed bin Salman holds talks with FIFA President Gianni Infantino in Riyadh on Tuesday.
Crown Prince discusses sports cooperation with FIFA President
Saudi Gazette reportRIYADH — Saudi Crown Prince and Prime Minister Mohammed bin Salman met with the Fédération Internationale de Football Association (FIFA) President Gianni Infantino in Riyadh on Tuesday. During the meeting, they reviewed areas of sports cooperation between Saudi Arabia and FIFA and discussed promising opportunities for sports development. Minister of Sports Prince Abdulaziz bin Turki bin Faisal, Minister of Commerce Dr. Majed Al-Qasabi, Governor of the Public Investment Fund Yasser Al-Rumayyan, Advisor at the Royal Court Abdulaziz Tarabzouni, and President of the Saudi Arabian Football Federation Yasser Al-Misehal attended the meeting.
October 29, 2025

Crown Prince discusses sports cooperation with FIFA President

Saudi Minister of Interior Prince Abdulaziz bin Saud bin Naif holds talks with Syrian President Ahmed al-Sharaa in Riyadh on Tuesday.
Ministers of interior and foreign meet Syrian president in Riyadh
Saudi Gazette reportRIYADH — Saudi Minister of Interior Prince Abdulaziz bin Saud bin Naif met with Syrian President Ahmed al-Sharaa in Riyadh on Tuesday.Prince Abdulaziz bin Saud affirmed that the meeting was held upon the directives of Crown Prince and Prime Minister Mohammed bin Salman. This directive stemmed from the Crown Prince’s keen interest in enhancing cooperation and joint coordination between the Kingdom and Syria in various fields, with a particular emphasis on security-related matters.During the meeting, the two sides reviewed relations between the two countries and discussed specific aspects of cooperation in the security field, along with a number of other topics of common interest. Al-Sharaa also received Minister of Foreign Affairs Prince Faisal bin Farhan and...
October 29, 2025

Ministers of interior and foreign meet Syrian president in Riyadh

Snapchat CEO Evan Spiegel attending the 9th edition of the Future Investment Initiative (FII9) in Riyadh on Tuesday.
Snapchat reaches 26 million users in Saudi Arabia, says CEO Evan Spiegel at FII9
Saudi Gazette reportRIYADH — Snapchat CEO Evan Spiegel revealed that the application has now reached 26 million users in Saudi Arabia, underscoring the Kingdom’s growing influence in the global social media landscape. Speaking at the 9th edition of the Future Investment Initiative (FII9) in Riyadh on Tuesday, Spiegel described the Saudi capital as a place he “loves” and called it his “second home.” “It’s so great to be here in Riyadh, a place that I love, where our community in Saudi Arabia has grown to 26 million people in a country of about 33 million,” Spiegel said. “Social media has changed dramatically. When I started, it was all about uploading photos on the desktop internet for people to like and comment on. Social media today on the smartphone is totally...
October 28, 2025

Snapchat reaches 26 million users in Saudi Arabia, says CEO Evan Spiegel at FII9

Finance ministers of United Kingdom, Qatar and Turkiye attend a panel discussion at the 9th Future Investment Initiative (FII9) conference in Riyadh on Tuesday.
Finance ministers emphasize need to diversify supply chains and invest in technologies
Saudi Gazette reportRIYADH — Finance ministers from a number of countries emphasized that the world needs to diversify supply chains, achieve greater energy self-sufficiency, invest in data centers, technology, and artificial intelligence. Attending a panel discussion at the 9th Future Investment Initiative (FII9) conference in Riyadh on Tuesday, they also called for conducting more joint trade between allied and friendly countries. The dialogue session, titled "Sovereignty vs. Globalization," was attended by Qatari Finance Minister Ali bin Ahmed Al Kuwari, UK Chancellor of the Exchequer Rachel Reeves, and Turkish Finance Minister Mehmet Simsek. They emphasized the importance of forging international partnerships, investments, and technological security. The ministers highlighted the...
October 28, 2025

Finance ministers emphasize need to diversify supply chains and invest in technologies

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