In early November, Saudi Arabia recorded nearly $180 billion in investment commitments in various sectors, as the Kingdom has steadily pursued the goal of becoming a global business and a tourism destination.
According to the Saudi Press Agency, the Kingdom drew in 173 billion in investments through the hosting of the Biban forum, the first TOURISE Summit, and the Future Investment Initiative.
More than 100,000 visitors participated in the Biban forum and increased agreements worth SR38 billion ($10 billion).
The four-day event, which was held under the theme “Global Destination for Opportunities,” also drew international attention, with almost 50 South Korean startups participating.
The TOURISE Summit’s opening edition has secured investments of about $113 billion. International and local companies that announced portfolios also participated in the total, which included Melia Hotels, BWH Hotels, GOCO Hospitality, Cenomi, Radisson, Earth Hotels, Delonix, and Ocean Link.
The summit helps Saudi Arabia in achieving its objective of becoming a global tourism destination as the Kingdom aims to attract over 150 million tourists by the close of the decade.
The ninth edition of Future Investment Initiative revealed over $50 billion in signed deals and investment commitments across artificial intelligence, advanced technology, renewable energy, and infrastructure.
Since its launch, the FII platform has facilitated over $250 billion in total transactions, cementing the goal of Saudi Arabia to become a global investment destination.
The General Authority of the Military Industries stated in November that the level of localization of military expenditure has increased to 24.89 percent, which is a step on the way to achieving the VISA 2030 goal of 50 percent.
Saudi Aramco recorded third-quarter 2025 adjusted net income of $28 billion in the energy industry, which is slightly higher than the previous year, which was $27.7 billion.
The company also increased its target for the growth of its 2030 sales of gas production by approximately 80 percent above its levels of 2021 production levels and anticipates that its overall gas and related liquids production will reach 6 million barrels of oil equivalent per day.
In telecommunications, a trial of 6G at 7 GHz frequency band was the first trial of 6G in the Middle East and Africa by the Communications, Space and Technology Commission.
