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Press Dossier   By Date  23/04/2025
IMF projects 3% growth for Saudi economy in 2025
Saudi Arabia’s real gross domestic product is expected to grow by 3 percent in 2025, with further acceleration to 3.7 percent in 2026, according to the latest World Economic Outlook released by the International Monetary Fund.
Saudi Arabia posts 66.7% rise in industrial licenses in February
Saudi Arabia issued 105 new industrial licenses in February, marking a 66.7 percent increase compared to January, supporting the Kingdom’s drive for economic growth and diversification.
Saudi gold investment demand up 9% in 2024 as bar purchases surge
Saudi Arabia’s demand for gold bars and coins rose 9 percent in 2024 to 15.4 tonnes, reaffirming the Kingdom’s position as the Gulf region’s largest investment market for the precious metal, a new report showed.
Key tourism roles to be localized in Saudi Arabia as part of national employment push
Hotel managers, travel agency directors, and tour guides are among 41 tourism roles set to be reserved for Saudi nationals under plans to boost local employment and reduce reliance on foreign labor.
Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore
Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds across emerging markets after it secured $391 million in the first quarter of 2025.
Real estate demand in Saudi Arabia’s two holy cities hits $2bn
Saudi Arabia’s real estate sector continues to draw international attention, with high-net-worth individuals from nine Muslim-majority countries preparing to commit $2 billion toward property purchases in Makkah and Madinah, according to a new survey.
Visa overstayers face $13,000 fine, prison, deportation
As Saudi Arabia gears up for Hajj 2025, the Ministry of Interior on Tuesday warned that expatriates who fail to leave the Kingdom after their visas expire face heavy penalties.
Saudi minister in China to explore education, research cooperation
Saudi Arabia’s Education Minister Yousef Al-Benyan met leaders from various universities, institutes and research centers in China, the Saudi Press Agency reported on Tuesday.
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