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Saudi reels in SAR 255.6 bn from tourists in 2023
Most tourists came from GCC countries, Asians spent the most
Monsha’at launches a real estate accelerator
PLUS: Saudi lists a new archeological site with the UNESCO
Retailers feel the pinch as Riyadh rents rise
Average rental rates in Riyadh’s retail market rose 3% y-o-y
Crown Prince chairs first weekly cabinet meeting since late May
The last weekly meeting was chaired by King Salman virtually in late May following recovery
Mizuho, Japan’s second-largest bank, will make Riyadh its regional headquarters
Plus: Competition Authority took legal action last year against more than 100 car distributors + we want 5 mn Chinese…
A travel and tourism boom
The sector contributed a record SAR 444.3 bn to the Kingdom’s GDP last year
Arabian Oud taps bankers for planned Tadawul IPO
PLUS: Institutional book-building for Aramco’s follow-on offering ends today
Saudi ranks up in WEF travel and tourism development index
Saudi, along with the UAE, were the only developed economies to rank among the index’s top 10 most improved scores…
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