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Saudi Arabia emerged as the top global export destination for Dubai Chamber of Commerce members in the first half of 2023, with exports valued at 35 billion dirhams ($9.53 billion), according to official data.

arabnews.com

Relevant topic timeline:

9/3/2023

Saudi Arabia's first-quarter tourism revenue more than tripled to $9.9bn

Saudi Arabia's tourism revenue tripled in the first quarter of 2023 as the country attracted more visitors and sought to diversify its economy from oil, with a surplus of 22.8 billion Saudi riyals ($9.86 billion) in the balance of payments for the tourism sector and a record number of tourists.

9/8/2023

Saudi Arabia Aims to Boost Oil Exports to China, Regain Lost Market Share from Russia

Saudi Arabia is set to increase its crude supplies to China as new refining capacity lifts offtake, aiming to regain lost market share in the country. Meanwhile, China's huge zinc imports have revived hopes for economic growth in the second half of 2023.

9/9/2023

Saudi Arabia's Economic Transformation: Rapid Growth and Major Reforms Propell Kingdom to New Heights

Saudi Arabia's membership in the G20 is a reflection of its growing importance in global energy exports, international trade, and financial resources, as well as its impact on the global economy and its commitment to stability and development.

9/10/2023

Saudi Arabia Diversifies Economy and Invests in Mega-Projects as Oil Dependence Declines

Saudi Arabia is undergoing a major transformation through its Vision 2030 plan, led by Crown Prince Mohammed Bin Salman, aiming to diversify its economy and secure its place on the global stage; despite controversies and challenges, the country's economy is booming, heavily reliant on oil, and is making significant investments at home and abroad.

9/11/2023

Russia Invests Billions to Upgrade Logistics and Infrastructure

Saudi Arabia is actively seeking to exchange experience with nations around the world to ensure its sustainable development and achieve its goal of carbon neutrality by 2060, with a focus on economic, social, and environmental sustainability.

9/18/2023

Tesla Explores Opening Factory in Saudi Arabia, Seeks Mineral Supplies from Congo

Saudi Arabia is reportedly in talks with Tesla to establish a manufacturing facility in the kingdom, as the country aims to diversify its economy away from oil and secure metals and minerals for Tesla's electric vehicles from countries like the Democratic Republic of Congo.

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Posted 8/23/2023, 8:27:27 AM