Page 10 - Logistics Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has unveiled the first-ever natural gas storage project in Al-Hawiyah, Unaizah. With a storage capacity of 2 billion cubic feet, this project is a flagship initiative under the National Industrial Development and Logistics Program (NIDLP), a cornerstone of Saudi Vision 2030. Key to this vision is Saudi Arabia’s strategic intent to leverage its geographical advantage and natural resources to foster an economy open to foreign investment and ripe for competitive growth.

4IR Center in 2nd Industrial City in Riyadh becomes functional

The General Authority for Small and Medium Enterprises (Monsha'at) has released its latest quarterly SME Monitor, which showed a 3.5% growth in the number of SMEs in Saudi Arabia in Q3 2023, bringing their total number to 1.27 million. With over 40,000 new businesses created across the country in Q3, the monitor indicated that 43.3% of SMEs are now located in the booming financial capital of Riyadh. The Saudi economy, driven by strong non-oil growth of 3.6% in Q3, is now expected to expand by 0.8% in 2023, according to the IMF, outpacing average G20 growth.

Arabic PDFEnglish PDF Manama - 24 October 2023: GFH Financial Group today announced that it has signed to acquire a leading food services and...

Bahrain's GFH has been building up its Saudi investments significantly