Saudi Arabia’s real GDP grew by 4.8% in the third quarter compared to last year, reported SPA citing official data. All economic activities recorded y-o-y growth with oil activities surging by 8.3%, non-oil activities by 4.3% and government activities by 1.4%.
Bahrain Economic Development Board (Bahrain EDB) and the Ministry of Investment of the Kingdom of Saudi Arabia (MISA) have signed a memorandum of understanding (MoU) aimed at promoting direct investment.
Russia's Azimuth Airlines will land in Saudi Arabia for the first time on December 6, following the General Authority of Civil Aviation's granting of an economic license to the airline.
Vice Minister Princess Haifa Bint Mohammed Al Saud said Saudi Arabia’s tourism sector is rapidly growing through coordinated national efforts. Tourism spending hit SAR275 billion ($73 billion) and visitor numbers exceeded 116 million, with the Kingdom now aiming to reach 150 million tourists by the end of the decade.
Several major projects and decisions were announced during the fourth meeting of the Bahraini-Saudi Coordination Council, co-chaired by HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, and HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia.
Saudi Arabia’s Social Development Bank (SDB) provided financing worth SAR8 billion ($2.13 billion) to individuals and entrepreneurs across various sectors and segments in 2025.
Saipem, a global leader in the engineering and construction of major projects, has secured $600 million offshore contracts from Saudi oil giant Aramco. The scope of work includes EPCI services for 34km of pipeline as well as 300m of onshore pipeline network in Saudi Arabia.
Serco has appointed Maryam Alamasi as the new Head of Corporate Services for Saudi Arabia. An industry veteran, she has more than 18 years of experience in digital transformation, enterprise architecture and large-scale programme delivery.
Saudi Arabia has seen a year-on-year decline in the unemployment rate, which reached 7.5% among Saudis in the third quarter of 2025, down 0.3 percentage points compared with the same period in 2024, said a General Authority for Statistics (GASTAT) report.
Global automation major ABB has signed an agreement with Saudi Arabia's National Industrial Development Center (NIDC) to set up an academy to focus on developing local talent and improving the skills of the kingdom’s future workforce.
