Saudi Economy News – Vision 2030, Growth & Sector Updates

Why the UK-GCC trade deal could reshape business flows

Landmark agreement promises deeper investment, freer trade and new growth across sectors

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UK's Minister of State for Trade Chris Bryant (centre L) and Jasem Mohamed Albudaiwi (centre R), secretary general of the Gulf Cooperation Council, after a signing ceremony at Downing Street in London on May 20, 2026.

Saudi Arabia reports SR125.7 billion deficit in Q1 2026

Modest non-oil growth push public debt to SR1.67 trillion

Total revenues reached SR260.97 billion in Q1, with oil income contributing SR144.72 billion despite a 3 per cent year-on-year decline.

Saudi Arabia busts over SR509m bid-rigging scandal

The authority launched a probe into alleged bid-rigging after early signs of violations

16 firms found involved in collusion in bids and tenders following extensive investigations and evidence-gathering.

Work on Expo 2030 Riyadh site begins

Work on Expo 2030 Riyadh site begins

Construction begins at Expo 20230 Riyadh

Saudi firms raise wages despite slower growth

PMI eases to 56.1 while wage costs hit a record, and selling prices climb

Record wage surge signals confidence in Saudi non-oil economy.

Saudi PMI signals slower growth, hiring remains firm

Saudi non-oil PMI eases to 57.4 as prices rise and business optimism turns more cautious

Saudi eVisa for UAE residents - The website - ksavisa.sa, allows all travellers to get their visas online, including people travelling for Hajj and Umrah. The Saudi eVisa for GCC residents is a multiple entry visa which is valid for one year.

Ronaldo buys luxury villas at Saudi Red Sea resort

Ronaldo and Georgina join exclusive Red Sea Residences community

Luxury, nature, and privacy await Ronaldo at the Red Sea resort

Saudi's first island golf course opens at Red Sea

Shura Links designed by Brian Curley features 18 holes through mangroves and coastal dunes

Red Sea Global (RSG) is a vertically integrated real estate developer owned by Saudi Arabia's Public Investment Fund (PIF).

Why top economists are warning of slowing world economy

New WEF and OECD reports highlight diverging views on global economic growth outlook

Shadows of journalists are seen beside WEF signage during a session at the World Economic Forum Annual Meeting of the New Champions 2025 (AMNC25) in Tianjin on June 24, 2025.

Saudi Arabia's Diriyah Co. awards $5bn in contracts

Riyadh's transformation includes an opera house, an arena, major retail hub

Diriyah is the second Saudi Arabian city to be named Capital of Arab Culture. The Royal Diriyah Opera House, an avant-garde cultural institution in the Kingdom, will be nestled near the Unesco World Heritage Site of Al Turaif in Diriyah.

Saudi fashion brand Jamjoom sets IPO pricing range

Jamjoom's listing will be on the Saudi parallel market Nomu

There is another Saudi IPO that's open for subscription, this one from Jamjoom.

Will Trump have to drop US tariffs after Court ruling?

US Supreme Court will now judge whether Trump's sweeping tariffs can stay - or go

A court in the US now calls Trump's move to impose tariffs 'illegal'.

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