Saudipedia - Economy and Business

According to the statistics from September 2021, the total production volume of sheep (including both lamb and goats) in the Kingdom of Saudi Arabia is estimated to be around 28,463,878 heads. Of this total, lambs accou...

Yes, there is a regulation for freelancing in the Kingdom of Saudi Arabia. The Kingdom has made efforts to organize the labor market in all its forms and sectors, including freelancing. The Ministry of Human Resources a...

The General Authority of Media Regulation (formerly the General Commission for Audiovisual Media) in the Kingdom of Saudi Arabia has established several controls for the clearance of electronic games for commercial esta...

The Saudi Basic Industries Corporation (SABIC) was established by Royal Decree No. M/66 on September 6, 1976, and is owned by the government of the Kingdom of Saudi Arabia. It was registered as a Saudi joint-stock compa...

STC Bank is considered the first digital bank in the Kingdom of Saudi Arabia, established by converting the Saudi Digital Payments Company (STC pay) into a local digital bank to conduct banking operations in the Kingdom...

Yes, Wa'ad al-Shamal is an industrial city and an integrated investment environment located thirty km west of the city of Turayf. On November 22, 2018, the Custodian of the Two Holy Mosques, King Salman Bin Abdulaz...

In the Kingdom of Saudi Arabia, there are numerous gas fields, including al-Wasit gas plant located north of al-Jubayl Industrial City, the Shaybah field situated in the Empty Quarter desert, the Midyan gas plant in Tab...

Yes, the Kingdom of Saudi Arabia supports the green economy, which is fundamentally based on knowledge of environmental economics aimed at addressing the interrelationship between human economies and the natural ecosyst...

Yes, the Kingdom of Saudi Arabia issues green bonds. On October 6, 2022, the Public Investment Fund launched its first international green bonds as a part of its debt issuance program. The total issuance amounted to USD...

The Council of Economic and Development Affairs was established on January 29, 2015, under the Royal Order No. A/69. The council is chaired by the Crown Prince and the Prime Minister, His Royal Highness Prince Mohammed ...

The Saudi Green Initiative is an ambitious national initiative launched by the Kingdom of Saudi Arabia aimed at combating climate change, enhancing the quality of life, and protecting the planet for future generations. ...

Yes, Manga Productions Company, a subsidiary of the Mohammed Bin Salman Foundation 'MISK', specializes in creative content production, including video game development. Through its collaboration with 'Tel...