Saudi Press

Saudi Arabia and the world
Friday, Nov 01, 2024

Saudi Arabia's Ambitious Vision: Renewable Luxury, Economic Growth, and Global Collaborations

Saudi Arabia sees economic growth with a $1.5 billion boost in renewable energy and over SR400 billion in foreign investments, aligning with "Vision 2030" goals. Meanwhile, global collaboration is highlighted as experts address climate change impacts on archaeology and prepare for a major digital forum in Riyadh.
Saudi Arabia's Red Sea coast is set to showcase the luxurious AMAALA project, a $1.5 billion endeavor that promises a wellness destination entirely powered by renewable energy, expected in 2025. As this ambitious sustainability project takes shape, the Saudi stock market is also seeing an economic boom.

With 50 new listing requests and over SR400 billion in foreign investments, the Saudi market reflects robust economic activity, as noted by Mohammed Al-Quwaiz at a recent investment conference. Beyond the stock market, Saudi Arabia is also focusing on its labor force.

The private sector has employed 294,000 Saudi nationals this year, thanks to a $1.5 billion boost from the Human Resources Development Fund, aligning with the Kingdom's "Vision 2030" goals. Meanwhile, global minds are meeting in Saudi Arabia to tackle other pressing issues.

In AlUla, experts gathered to discuss the impacts of climate change on archaeological sites, underscoring the need for international cooperation to safeguard historical treasures. On the topic of global gatherings, Saudi Arabia is also preparing for a major forum on digital influence.

The inaugural ImpaQ Forum in Riyadh this December will bring together influencers and digital content experts to redefine the role of influence in a rapidly evolving digital world. As Saudi Arabia fosters collaboration and innovation, the U.S. is making strides in diplomacy.

U.S. Secretary of State Antony Blinken announced progress toward a ceasefire in Lebanon, focusing on Hezbollah's withdrawal from the Israeli border, as part of diplomatic efforts to support peace in the region.
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