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The Riyadh Metro Officially Opens its First Phase for the Public
The first phase of the Riyadh Metro, a driverless railway system, has officially opened to the public.
The Suadi Boom
December 04, 2024
Welcome to The Saudi Boom. The No.1 Business Site & Newsletter in Saudi Arabia. Discover The Latest Developments and Opportunities in The Kingdom of Saudi Arabia.
LATEST NEWS
In Today’s Edition:
The Riyadh Metro Officially Opens its First Phase for the Public
Saudi Arabia to Launch VAT Refund System in 2025 to Boost Tourism
Saudi MODON Launches the World’s Largest Food Cluster in Jeddah
Saudi Arabia Unveils 2025 Budget with $342 Billion in Spending
TRAVEL
✨The Riyadh Metro Officially Opens its First Phase for the Public
The first phase of the Riyadh Metro, a driverless railway system, has officially opened to the public.
Key Takeaways:
Three lines are operational: Blue Line, Yellow Line, and Purple Line.
The remaining lines are to open in December 2024 and January 2025.
World’s longest driverless metro system at 176 kilometers with 85 stations.
The Riyadh Metro’s first phase launch marks a significant step forward for public transportation in Saudi Arabia’s capital city. Read more
TRAVEL
✨ Saudi Arabia to Launch VAT Refund System in 2025 to Boost Tourism
Saudi Arabia is set to launch a VAT refund system for tourists in 2025, aiming to boost tourism in the country.
Key Takeaways:
VAT refund system for tourists to be implemented in 2025.
Initiative to position Saudi Arabia as a major global tourism destination.
A significant step in transforming how VAT applies to non-resident visitors.
The introduction of a VAT refund system for tourists in Saudi Arabia is a strategic move to enhance the country’s appeal as a travel destination. Read more
TRAVEL
✨Saudi MODON Launches the World’s Largest Food Cluster in Jeddah
Saudi MODON has launched the world’s largest food cluster in Jeddah.
Key Takeaways:
The cluster aims to boost Saudi Arabia’s food industry.
It is expected to create 43,000 jobs.
The cluster will reduce operational costs for businesses.
The launch of this massive food cluster is a significant step in Saudi Arabia’s efforts to strengthen its food industry and enhance food security. Read more
ECONOMY
✨ Saudi Arabia Unveils 2025 Budget with $342 Billion in Spending
Saudi Arabia has unveiled its 2025 budget, allocating over $342 billion in spending.
Key Takeaways:
The budget aims to stimulate economic growth and create jobs.
It focuses on sectors like tourism, technology, and infrastructure.
The government aims to reduce the budget deficit.
The 2025 budget reflects Saudi Arabia’s continued commitment to economic diversification and sustainable development. Read more
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