Saudi Economy News – Vision 2030, Growth & Sector Updates

Saudi firms raise wages despite slower growth

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

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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'.

Saudi Arabia bets on coffee with new mega farm

A vast agricultural hub in Al Baha emerges as Kingdom’s first coffee bean producer

Saudi home demand booms even before new rule change

Easier access to mortgages, more homes being delivered turbocharge demand

Saudi Arabia has been committing massive funding into infra and public services. This is all feeding into the demand for property from resident Saudis and GCC nationals.

Digital ID to enable foreigners to buy Saudi property

The Cabinet also endorses a governance framework for non-Saudi property ownership

The move aims to streamline transactions, strengthen regulatory oversight, and attract more foreign investment into Saudi Arabia’s real estate market.

Saudi tech firms are hiring - not so in construction

Oil and gas jobs too see drops due to delayed government spending

Some of the facets of the NEOM master-development have been resized or been shifted to new timelines. This is part of the reset seen in the Saudi construction sector. (Picture used for illustrative purposes.)

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