Tag Archives: Saudi
‎Saudi cement demand poised for 8% growth by 2025: Riyadh Cement CEO
Top Stories Tamfitronics Shoeil Al-Ayed, CEO of Riyadh Cement Co.Demand for cement in Saudi Arabia is expected to grow between 4% and 8% by 2025, Shoeil Al-Ayed, CEO of Riyadh Cement Co., told Asharq News.He explained that this projected increase is driven by major projects undertaken by the Kingdom, particularly in Riyadh.Demand in Q3 2024 saw a slight rise compared to the previous two quarters, all of it was locally driven, Al-Ayed said. He explained that the company is fortunate to operate in Riyadh, where most strategic projects are concentrated. In addition, the firm supplies its output to the majority of large-scale projects in the city.Riyadh Cement's current market share is 6.5%, which is likely to grow as demand increases.Saudi Arabia is exporting black cement to the GCC...
RGMBS 2024: Saudi Arabia Fosters Biotechnology Advancements
Technology tamfitronics RGMBS 2024: Saudi Arabia Fosters Biotechnology AdvancementsUnder the patronage of the Saudi Crown Prince and Prime Minister, Mohammed bin Salman, Saudi Arabia will host the third edition of Riyadh Global Medical Biotechnology Summit (RGMBS 2024) from November 10-12, 2024 in Riyadh.According to the Saudi Press Agency (SPA), the Ministry of National Guard Health Affairs organizes the event, in collaboration with the Ministry of Investment, as a strategic partner.Technology tamfitronics Fostering BiotechnologyThe third edition of the RGMBS is a testament to Saudi leadership’s unwavering support for this vital sector, which contributes to achieving sustainable development and bolstering the national economy.Furthermore, it aligns with the objectives of the National Biotechnology Strategy, which the Saudi Crown Prince launched in January 2024, outlining the Kingdom’s ambitious vision to develop advanced biotechnologies in the fields of medicine,...
‎Saudi economy shows high resilience despite global challenges: Alsayari
Top Stories Tamfitronics Saudi Arabia’s economy demonstrated high resilience despite global economic challenges, Al Eqtisadiah newspaper reported, citing Ayman Alsayari, Governor of the Saudi Central Bank (SAMA).Speaking before the International Monetary and Financial Committee (IMFC) as part of the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington, Alsayari explained that this resilience is reflected in lower inflation rates, strong growth in non-oil sectors, a record-low unemployment rate, and continued strength in the banking sector, showcasing the progress made under Vision 2030.Saudi Arabia has contributed over $200 million to the IMF’s Poverty Reduction and Growth Trust and provided developmental aid exceeding $36 billion since the onset of the pandemic.SAMA’s Governor added that the rising burden of global sovereign debt underscores the importance...
‎Saudi reforms lure foreign investments to new sectors: IMF
Technology tamfitronics Jihad Azour, Director of Middle East and Central Asia Department, the International Monetary Fund (IMF)Jihad Azour, Director of Middle East and Central Asia Department, the International Monetary Fund (IMF), said Saudi Arabia's reforms and investment projects help attract foreign capital to new sectors, such as entertainment and technology, in addition to the traditionally lucrative oil sector.He added that the Kingdom's shift in priorities toward technology, artificial intelligence, and climate sectors opens doors for increased foreign direct investments (FDIs), Asharq News reported.The reforms include improvement in the investment environment, which boosted the private sector's contribution to the Kingdom’s economic growth, Azour said.He noted that the positive impact of such reforms is also evident in the significant decline in unemployment, particularly among youth. This is in addition...
![React Native - The Practical Guide [2025]](https://img-c.udemycdn.com/course/480x270/1436092_2024_4.jpg)
