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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

23/11/2024

	Saudi entertainment sector to create 450,000 jobs by 2030: Investment ministry Saudi Arabia’s entertainment sector is expected to create 450,000 jobs and could contribute 4.2 percent of the country’s gross domestic product by 2030, according to a new report.
	Saudi cement sales up 5% to 12.84m tonnes amid sustainability drive Cement sales in Saudi Arabia saw an annual increase of 4.93 percent in the third quarter of 2024, reaching 12.84 million tonnes, according to recent data.
	Saudi Arabia’s construction contracts jump 47% to $49.3bn in H1 2024 Saudi Arabia’s construction sector continues to thrive, with contract awards totaling SR185 billion ($49.3 billion) in the first half of the year, revealed a senior executive.
	Natural resources and young population driving Saudi Arabia’s economic growth: BlackRock Investment Institute Saudi Arabia can attract global investments and successfully diversify its economy thanks to the Kingdom’s abundant natural resources and youthful workforce, said BlackRock Investment Institute.
	Moody’s upgrades Saudi Arabia’s rating on strong diversification progress and fiscal prudence Global credit ratings agency Moody’s Ratings upgraded Saudi Arabia’s long-term local and foreign currency issuer and senior unsecured ratings to Aa3 from A1, taking note of the Kingdom’s progress in diversifying its economy.
	Closing Bell: Saudi main index slips to close at 11,840 Saudi Arabia’s Tadawul All Share Index slipped on Thursday, losing 27.40 points, or 0.23 percent, to close at 11,840.52.
	Saudi GDP to receive $3bn boost after raft of deals at Local Content Forum Saudi Arabia launched initiatives and signed 15 agreements at the Local Content Forum, boosting domestic industries with an estimated SR12.4 billion ($3.3 billion) impact on gross domestic product.

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