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The Kingdom of Saudi Arabia's 2024 Budget is a statement issued by the Ministry of Finance in the Kingdom of Saudi Arabia, detailing the state's revenues, expenditures, and the projected deficit for the fiscal year 2024. It was announced on December 6, 2023. The statement estimated revenues at SAR1,172 billion and approved expenditures at SAR1,251 billion, with a projected deficit of SAR79 billion (representing 1.9 percent of the total gross domestic product (GDP)). Priorities of Saud...
The entity responsible for increasing Saudi Arabia’s non-oil exports is the Saudi Export Development Authority 'Saudi Exports'. It is a government entity tasked with increasing the Kingdom's non-oil exports, opening access to global markets, and utilizing its economic potential. The entity aims to improve the efficiency of the export environment by implementing programs and providing incentives for exporters. The 'Saudi Exports' began its activities in 2013. It works ...
The Household Energy Survey in the Kingdom of Saudi Arabia is an annual field survey conducted to collect accurate and comprehensive statistical data on energy sources, uses, and consumption patterns in the household sector across the Kingdom. It was launched by the General Authority for Statistics to meet the needs of policymakers, data users, and researchers. The first survey was conducted in 2017. Household energy survey process in Saudi Arabia Data related to household energy usage is colle...
Monafasat Platform is an electronic platform serving entrepreneurs and the institutional sector in the Kingdom of Saudi Arabia . It aims to display statistics, analyze data, and provide access to competitions listed on Etimad Platform . The platform is a key enabler for small and medium enterprises (SMEs), facilitating and ensuring streamlined bidding procedures by offering detailed and integrated services. Operations of the Monafasat Platform Monafasat Platform analyzes government competitions...
The Comprehensive Economic Survey is a survey launched by the General Authority for Statistics . It targets all economic activities, establishments, and institutions in the Kingdom of Saudi Arabia . The survey aims to enhance and develop economic indicators and statistics, contributing to the growth and development of the business sector. Data collection began on January 14, 2024. Objectives of the Comprehensive Economic Survey By launching the Comprehensive Economic Survey, the General Authori...
The International Journal of Islamic Finance and Sustainable Development is a peer-reviewed academic journal launched on September 1, 2024, by the Islamic Development Bank Institute in Jeddah City , west of the Kingdom of Saudi Arabia , and the International Center for Education in Islamic Finance (INCEIF) in Malaysia. The journal connects Islamic finance principles with global sustainability goals. The name of the journal is a continuation of its previous title, 'ISRA International Journa...
The Saudi Quality Mark can be obtained through several steps, starting with manufacturers and companies submitting applications electronically via the website of the Saudi Standards, Metrology, and Quality Organization (SASO). The application is then reviewed, followed by field visits and studies that are monitored regularly. Random samples are taken from production lines, and tests are conducted on them in SASO's laboratories. Upon acceptance of the application, the products are added to ...
The Saudi Exports Incentives Program is a Saudi program seeking to encourage and assist Saudi companies in building and enhancing their competitive capabilities and expanding their global reach. Launched by the Saudi Exports Development Authority in the Kingdom of Saudi Arabia in 2019. The program offers support to Saudi manufacturers and exporters, facilitating their access to global markets and contributing to the enhancement of the index of total promising exports at the lowest possible cost...
The Jeddah Center for Exhibitions and Events is affiliated with the Jeddah Chamber and specializes in providing services related to organizing exhibitions and events, supporting this industry in the Kingdom of Saudi Arabia. Center services The Jeddah Center for Exhibitions and Events offers several services, including a ten thousand m 2 covered area with storage facilities, an air-conditioned hall, security services, as well as cleaning, water, electricity, and sewage services. Additionally, it...
The handling capacity of King Fahd Industrial Port in Yanbu reaches 210 million t per year, and it accommodates ships with loads up to five hundred thousand t. Its area is estimated at about 6.8 km², containing thirty-four berths and ten terminals. The port is located on the Red Sea coast, 326 km north of Jeddah Islamic Port . King Fahd Industrial Port in Yanbu is considered the largest industrial port on the Red Sea coast specializing in loading crude oil, refined products, and petrochemicals...
The Riyadh International Convention and Exhibition Center is an international center specializing in organizing trade exhibitions, conferences, and events in the Kingdom of Saudi Arabia. It was established with specifications that align with international changes. It is located in Riyadh City , the Kingdom, approximately twenty-five km from King Khalid International Airport . Objectives of the Riyadh International Convention and Exhibition Center The Riyadh International Convention and Exhibiti...
The Kingdom of Saudi Arabia's 2025 budget is a statement issued by the Ministry of Finance in the Kingdom, detailing the state's revenues and expenditures for 2025. It was announced on November 26, 2024. The state's public revenues were estimated at SAR1,184 billion, while the approved expenditures amounted to SAR1,285 billion, resulting in an estimated deficit of SAR101 billion. Priorities in Saudi Arabia's 2025 budget The Kingdom's 2025 budget outlines several key pri...
