Saudi Vision 2030: Transforming Tourism, Business, and Cultural Ties
Saudi Arabia's Qiddiya City aims to become a top global tourism hub with the launch of the "Spirit of Play" initiative, while Riyadh's Biban 24 seals $4.79 billion in SME-supporting deals.
Starting with some exciting news from Saudi Arabia, the Qiddiya Investment Co., supported by the nation's Public Investment Fund, has introduced the "Spirit of Play" executive office to elevate Qiddiya City as a top global tourism hub, aligning with Saudi Vision 2030's goal of economic diversification.
Meanwhile, in Riyadh, the opening day of Biban 24 witnessed over $4.79 billion in deals aimed at supporting small and medium enterprises, featuring vital agreements with banks like Riyad Bank and Al-Rajhi Bank, which underscore Saudi Arabia's commitment to being a global destination for business opportunities.
Shifting gears to the United Arab Emirates, their debt capital markets surged by 13.1% in the third quarter of 2024, further cementing the UAE's status as a leading global sukuk powerhouse, despite a slight decrease in overall sukuk issuance.
On the political front, Saudi leaders including King Salman and Crown Prince Mohammed bin Salman congratulated Donald Trump on his US presidential election win, emphasizing the commitment to strengthening the historical US-Saudi ties.
In an inspiring cultural note, UK-Saudi relations flourish beyond defense sectors, as highlighted by British Ambassador Neil Crompton, focusing on tourism and sports boosted by initiatives like the visa waiver system and cultural collaborations, a testament to evolving bilateral ties following Vision 2030.
Lastly, the Athar Festival of Creativity in Riyadh offered valuable insights into Saudi culture's impact on marketing and sports, as industry experts stressed the importance of culturally tailored campaigns, evidenced by the significant increase in physical activity participation from 13% in 2018 to 48% in 2021.
Meanwhile, in Riyadh, the opening day of Biban 24 witnessed over $4.79 billion in deals aimed at supporting small and medium enterprises, featuring vital agreements with banks like Riyad Bank and Al-Rajhi Bank, which underscore Saudi Arabia's commitment to being a global destination for business opportunities.
Shifting gears to the United Arab Emirates, their debt capital markets surged by 13.1% in the third quarter of 2024, further cementing the UAE's status as a leading global sukuk powerhouse, despite a slight decrease in overall sukuk issuance.
On the political front, Saudi leaders including King Salman and Crown Prince Mohammed bin Salman congratulated Donald Trump on his US presidential election win, emphasizing the commitment to strengthening the historical US-Saudi ties.
In an inspiring cultural note, UK-Saudi relations flourish beyond defense sectors, as highlighted by British Ambassador Neil Crompton, focusing on tourism and sports boosted by initiatives like the visa waiver system and cultural collaborations, a testament to evolving bilateral ties following Vision 2030.
Lastly, the Athar Festival of Creativity in Riyadh offered valuable insights into Saudi culture's impact on marketing and sports, as industry experts stressed the importance of culturally tailored campaigns, evidenced by the significant increase in physical activity participation from 13% in 2018 to 48% in 2021.
