Saudi Arabia’s non-oil private sector witnessed a moderate improvement in business conditions during May, with the latest expansion being the strongest registered in three months, a report said.

It is boom time for Saudi Arabia’s Makkah Province which is fast becoming one of the most attractive investment destinations in the kingdom with major project roll-outs under way, said experts at a key investment summit held recently in Jeddah.

Saudi Arabia's new King Abdulaziz International Airport in the Red Sea port city of Jeddah had a soft opening as the facility gears up to be in full operation in the first quarter of next year, state-run SPA news agency reported.

The lifting of the driving ban in Saudi Arabia marks a turning point in the Kingdom’s economy as well. The end of the driving ban will boost women’s financial power and allow them to play a bigger role in economic and social diversification in line with Vision 2030, prominent businesswomen said.

Saudi Arabia’s King Abdullah Economic City (KAEC) has signed a contract with Al-Mas International Pharmaceutical Industry to establish one of the largest BCG vaccine production plants in the world.

Canon Middle East (CME) has signed an agreement with Ali Zaid Al Quraishi & Brothers (Azaq) to formally establish Canon Saudi Arabia, which will become the largest regional direct presence for CME.