Saudi Arabia’s non-oil private sector is experiencing significant growth, driven primarily by local demand and strong hiring trends, according to recent data released by Riyad Bank and S&P Global. The purchasing managers’ index (PMI) rose to 57.2 in June, surpassing the figure from May and the long-term average, indicating favorable business conditions. This growth is...
The S&P Global United Arab Emirates Purchasing Managers’ Index (PMI) fell to 53.3 in May 2025, down from 54 in both March and April. This decline marks the lowest level recorded since September 2021, indicating a slowdown in the growth of the non-oil private sector. Despite this moderation, companies continued to experience strong client demand....
Employment in Saudi Arabia’s tourism sector increased by 4 percent year-on-year in the last quarter of 2024, reflecting the Kingdom’s intensified efforts to expand the industry. The total workforce in tourism reached 966 531, according to new data from the General Authority for Statistics (GASTAT). Credit: Getty Among these employees, 242 073 were Saudi nationals,...