Saudi Arabia opens Sindalah in NEOM as part of Vision 2030 tourism drive

RIYADH: Saudi Arabia’s trade with the UAE has experienced a 25 percent increase, highlighting a significant boost in economic collaboration between the two nations. By the end of 2023, the trade volume reached SR113 billion ($30 billion), up from SR90 billion in 2019.

During the third Saudi-Emirati Economic Forum held in Riyadh, Saudi Minister of Economy and Planning Faisal Al-Ibrahim announced that direct Emirati investments in Saudi Arabia have also grown, reaching SR111 billion by the end of 2023—a 15 percent increase compared to the previous year.

“We are witnessing tangible outcomes from our clearly defined vision and ambitious strategy for economic cooperation,” Al-Ibrahim stated.

He…