Inflows of foreign direct investment  into Saudi Arabia have increased by 7 per cent for a second consecutive year to reach $4.6 billion, more than three times the level recorded in 2017, said United Nations Conference on Trade and Development (UNCTAD) in a new report.

Emergence of more ‘home grown’ brands and sustainable eating are among the four top food and beverage (F&B) trends in Saudi Arabia this year likely to shape the growth of the industry valued at $45 billion, according to global consultants JLL.

Lockheed Martin has been selected to develop a new ground system to control Saudi Arabia’s newest commercial communications satellite SaudiGeoSat-1 (SGS-1).

Saudi-based Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group), a leading importer, manufacturer and distributor of air conditioners and home appliances, has recorded a first quarter net loss of SR3.3 million ($879,010), decreasing by 88.5 per cent year-on-year.

Saudi Arabia’s cement sector witnessed a 11 per cent growth in material demand for the first five months of 2020 compared to the same period last year despite the lockdown due to Covid-19 pandemic, according to Al Rajhi Capital, a leading financial services provider in the kingdom.

Epicor Software Corporation, a global provider of industry-specific enterprise software, has announced that Pharma Pharmaceutical Industries (Pharma), a leader in Saudi Arabia’s pharmaceutical services industry, has implemented Epicor ERP to enhance data capture and archiving capabilities, optimise operational efficiencies, and guarantee on-t

For businesses at large, managing successful supply chain operations and home deliveries has been extremely challenging during the Covid-19 pandemic and especially when the customer demands have significantly exceeded delivery capacity.

Creative Zone, one of the largest business setup companies in the UAE, has announced its expansion into the Saudi Arabian market.

The new Mining Investment Law in Saudi Arabia, approved by the Council of Ministers last month, aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons.

Saudi Arabian Mining Company (Ma’aden), one of the fastest growing global mining companies and the largest multi-commodity mining and metals company in the Middle East, has announced that its subsidiary Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC) has signed new financing agreements for $2.