海角直播

UAE, China, India among top destinations for 海角直播鈥檚 non-oil goods: GASTAT

UAE, China, India among top destinations for 海角直播鈥檚 non-oil goods: GASTAT
audi Arabia鈥檚 non-oil exports rose by 13.4 percent year on year in the first quarter, totaling SR80.72 billion. Shutterstock
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Updated 30 May 2025

UAE, China, India among top destinations for 海角直播鈥檚 non-oil goods: GASTAT

UAE, China, India among top destinations for 海角直播鈥檚 non-oil goods: GASTAT

RIYADH: The UAE emerged as the leading destination for 海角直播鈥檚 non-oil exports during the first quarter of 2025, with shipments valued at SR21.32 billion ($5.68 billion), marking a 33.91 percent increase compared to the same period last year, according to the latest data from the General Authority for Statistics.

Machinery and mechanical appliances were the most exported items to the UAE, amounting to SR10.19 billion. This was followed by transport equipment worth SR5.16 billion and chemical products totaling SR1.11 billion.

Plastic goods were also significant, with exports to the UAE reaching SR942 million, while precious stones and base metals recorded SR860.8 million and SR848.4 million, respectively.

The increase in non-oil exports aligns with the objectives of the Kingdom鈥檚 Vision 2030, which seeks to diversify the economy and reduce dependency on oil revenues. Saudi Minister of Economy and Planning Faisal Alibrahim recently noted that non-oil activities now contribute 53.2 percent to the Kingdom鈥檚 gross domestic product.

GASTAT also reported a 9.27 percent rise in 海角直播鈥檚 non-oil exports to the UAE compared to the previous quarter, further emphasizing the Kingdom鈥檚 economic diversification momentum.

China ranked second among 海角直播鈥檚 non-oil export destinations in the first quarter, receiving goods valued at SR6.51 billion 鈥 an annual increase of 17.93 percent. Major exports to the Asian country聽included plastic products worth SR2.58 billion, chemical products totaling SR2.32 billion, and minerals valued at SR533.4 million.

India was another prominent trade partner, with non-oil exports reaching SR5.75 billion in the first quarter, up 14.08 percent from the same period in 2024.

Other key export destinations included Turkiye, which received goods worth SR2.96 billion; Egypt at SR2.56 billion; and the US at SR2.48 billion.

Singapore imported SR2.28 billion worth of goods from 海角直播, while Bahrain received SR2.21 billion, Belgium SR2.11 billion, and Kuwait SR1.97 billion.

Overall, 海角直播鈥檚 non-oil exports rose by 13.4 percent year on year in the first quarter, totaling SR80.72 billion.

Key ports played a vital role in this trade activity. King Fahad Industrial Sea Port in Jubail handled the highest volume of outbound non-oil goods, valued at SR9.93 billion. Jeddah Islamic Sea Port followed closely with SR9.76 billion, while Jubail Sea Port and King Abdulaziz Sea Port in Dammam facilitated exports worth SR7.17 billion and SR6.69 billion, respectively.

On land, Al-Batha Port processed SR5.53 billion in exports. Al-Hadithah and Al-Wadiah ports recorded export values of SR2.10 billion and SR1.43 billion, respectively.

Among airports, King Khalid International Airport in Riyadh led with SR8.52 billion worth of non-oil goods exported in the first quarter, an increase of 12.84 percent compared to the previous year.

King Abdulaziz International Airport followed with SR6.16 billion, while King Fahad International Airport in Dammam and Prince Mohammad bin Abdulaziz International Airport in Madinah recorded SR741.8 million and SR4.2 million, respectively.




King Khalid International Airport in Riyadh. Shutterstock

Merchandise exports聽

Despite growth in the non-oil sector, overall merchandise exports declined by 3.2 percent year on year in the first quarter, falling to SR285.78 billion. GASTAT attributed this drop to an 8.4 percent decline in oil exports, which caused the share of oil in total exports to decrease from 75.9 percent in the first quarter of 2024 to 71.8 percent in the same period this year.

Asia remained the largest market for Saudi exports, accounting for SR213.14 billion. Europe followed at SR34.51 billion, with Africa and the Americas receiving SR23.19 billion and SR13.80 billion, respectively.

China was the top destination for overall merchandise exports, receiving SR44.91 billion worth of goods 鈥 an increase of 3.26 percent compared to the first quarter of 2024. India received SR28.04 billion in goods, followed by Japan with SR26.48 billion, South Korea at SR25.03 billion, and the UAE at SR24.85 billion.

Imports in Q1

海角直播鈥檚 imports also grew during the first quarter, rising by 7.3 percent year on year to SR222.73 billion.

Machinery, mechanical and electrical equipment led imports, totaling SR57.40 billion, followed by transport parts at SR32.56 billion and base metals at SR21.30 billion. Chemical imports stood at SR19.60 billion, while minerals accounted for SR12.12 billion.

Goods imported from Asia were valued at SR128.50 billion, while imports from Europe and the Americas reached SR52.94 billion and SR27.01 billion, respectively. African nations contributed SR12.53 billion in imports, and goods from Oceania were valued at SR1.73 billion.

China remained 海角直播鈥檚 largest source of imports, sending goods worth SR59.33 billion.

These included mechanical appliances and electrical equipment valued at SR23.93 billion, transport parts worth SR9.50 billion, base metals at SR6.43 billion, and even works of art and antiques amounting to SR3.19 billion. The US followed with SR17.58 billion in exports to the Kingdom, while India鈥檚 exports totaled SR12.27 billion.

Sea routes were the dominant entry channels for imports, accounting for SR113.11 billion. Air and land ports handled SR61.63 billion and SR25.99 billion, respectively. King Abdulaziz Sea Port in Dammam was the leading sea entry point with SR59.97 billion in imports. Jeddah Islamic Sea Port and Ras Tanura port followed with SR47.78 billion and SR8.73 billion.

Over land, Al-Batha Port and Riyadh Dry Port managed goods worth SR10.78 billion and SR8.29 billion, respectively. By air, King Khalid International Airport in Riyadh received imports valued at SR29.96 billion in the first quarter. King Abdulaziz International Airport and King Fahad International Airport handled SR18.60 billion and SR12.39 billion, respectively.

Reflecting continued expansion of the non-oil economy, 海角直播 recorded a Purchasing Managers鈥 Index of 55.6 in April, according to S&P Global and Riyad Bank. This score surpassed those of the UAE at 54 and Kuwait at 54.2, indicating robust growth in non-oil business activity. A PMI reading above 50 signals economic expansion, while a figure below 50 suggests contraction.


海角直播 to invest in solar-powered desalination project in Senegal, says minister

海角直播 to invest in solar-powered desalination project in Senegal, says minister
Updated 07 October 2025

海角直播 to invest in solar-powered desalination project in Senegal, says minister

海角直播 to invest in solar-powered desalination project in Senegal, says minister

JEDDAH: 海角直播 is poised to sign an agreement to harness solar energy for a water desalination project in Senegal, alongside additional investments totaling 鈧250 million ($291.57 million), Investment Minister Khalid Al-Falih said.
Al-Falih, leading a high-level Saudi delegation to the 鈥淚nvest in Senegal Forum 2025鈥 on behalf of Crown Prince Mohammed bin Salman, said the 300-megawatt photovoltaic project will be integrated with the desalination facility and other development initiatives. 
The delegation includes public sector representatives and 400 private sector delegates, with 海角直播 serving as the forum鈥檚 guest of honor.
According to the Observatory of Economic Complexity, Saudi exports to Senegal reached SR9.21 million in February 2025, while imports totaled SR105,000, resulting in a positive trade balance of SR9.1 million. Between February 2024 and February 2025, exports declined by SR1.28 million (12.2 percent), and imports fell by SR913,000 (89.7 percent).
Speaking in the presence of Senegal鈥檚 President Bassirou Diomaye Faye, Al-Falih said: 鈥淪enegal and Africa are a top priority for our external investments.鈥 
He expressed confidence that Saudi companies participating in the forum would soon announce new investments and partnerships in Senegal.
鈥淩elations between 海角直播 and Senegal are historic, deeply rooted in Islamic brotherhood and shared values,鈥 Al-Falih added, highlighting leadership-level visits since Senegal鈥檚 independence. He noted that Senegal鈥檚 Vision 2050 and the Invest in Senegal Forum signal a strong commitment to development and international partnerships.
The minister also highlighted Africa鈥檚 growing role in global investment, referencing Crown Prince Mohammed bin Salman鈥檚 announcement at the Saudi-African Summit of $25 billion in new investments across the continent.
Al-Falih detailed one of the Kingdom鈥檚 flagship initiatives: the Grande-Cote seawater desalination project. ACWA Power has signed an agreement to invest nearly 鈧750 million to build a renewable energy-powered desalination plant, capable of supplying up to 400,000 cubic meters of potable water per day to Dakar and surrounding areas. 
鈥淭his project addresses climate change and advances energy transformation in Senegal,鈥 he said.


Closing Bell: Saudi main index edges down to 11,583聽

Closing Bell: Saudi main index edges down to 11,583聽
Updated 07 October 2025

Closing Bell: Saudi main index edges down to 11,583聽

Closing Bell: Saudi main index edges down to 11,583聽

RIYADH: 海角直播鈥檚 Tadawul All Share Index edged down on Tuesday, as it shed 21.97 points, or 0.19 percent, to close at 11,583.23.  

The total trading turnover of the benchmark index was SR6.11 billion ($1.63 billion), with 85 of the listed stocks advancing and 154 retreating.  

The Kingdom鈥檚 parallel market Nomu also marginally declined by 0.08 percent to close at 25,520.62.  

The MSCI Tadawul Index edged down by 0.36 percent to 1,509.37.  

The best-performing stock on the main market was United International Holding Co. The firm鈥檚 share price advanced by 8.20 percent to SR174.20.  

The share price of 海角直播鈥檚 budget carrier flynas rose by 4.29 percent to SR80.30. East Pipes Integrated Co. for Industry also saw its stock price edging up by 3.64 percent to SR130.90.  

Conversely, the share price of National Shipping Co. of 海角直播, also known as Bahri, declined by 3.58 percent to SR28.  

The best-performing stock on the parallel market was Rawasi Albina Investment Co., as its share price increased by 19.10 percent to SR4.49.  

On the announcements front, SAL Saudi Logistics Services Co. said that it signed a lease agreement with Sela Co. for 1.57 million sq. meters of land in Falcon City, north of Riyadh, to develop a new logistics zone.  

According to a Tadawul statement, the total estimated investment for planning, construction, and operation of the logistics zone is projected to reach SR4.2 billion.  

The company added that the development aligns with its strategic plan to diversify sources of income and strengthen its presence in the transportation and logistics sector.  

The statement further said that the lease agreement is valid for 30 years, and is extendable to an additional 15 years upon agreement of both parties, along with a three-year grace period.  

The share price of SAL edged up by 1.31 percent to SR185. 


Ford Motors gearing up to launch EV in the Saudi market

Ford Motors gearing up to launch EV in the Saudi market
Updated 07 October 2025

Ford Motors gearing up to launch EV in the Saudi market

Ford Motors gearing up to launch EV in the Saudi market

RIYADH: Ford Motors is set to join 海角直播鈥檚 electric vehicle market, rolling out the Mustang Mach-E in the Kingdom this November.

The US motor vehicle brand is set to test the waters with its first EV by rolling out 500 to 1,000 units in the Saudi market. This launch comes as year-to-date sales in 海角直播 are up 16 percent compared to August 2024. 

The EV market in 海角直播 is gaining momentum, a trend supported by the expansion of competitors such as the Public Investment Fund-backed Lucid, Chinese company BYD, and the establishment of the Kingdom鈥檚 first homegrown electric vehicle brand, Ceer.

Ravi Ravichandran, president of Ford Middle East and North Africa, told Arab News: 鈥淲e are launching the Mustang Mach-E full battery this year.鈥 

鈥淲e are looking at 500-1,000 units, how we see the response and how good it is, and if there is a demand, we can always produce [more],鈥 he added. 

The president of Ford MENA highlighted that, in the initial stages, they will test the market鈥檚 demand for the vehicles. He also clarified, 鈥淎t this point, we don鈥檛 see a battery electric as a significant demand in the region.鈥

Ravichandran underlined that the Mustang Mach-E, which is already present in the US market, received initial positive feedback due to the government credit provided for driving EVs. 

鈥淭his Mustang Mach-E is a performance segment, and it will be on a top-end, high-end pricing,鈥 Ravichandran said.

Adoption of EVs in the US stands at 2-3 percent, while the rate in 海角直播 is lower as it is 鈥渏ust starting,鈥 he said, adding: 鈥淲e don鈥檛 see an immediate takeoff on battery electric here. People are more into hybrids, even in the US.鈥

The Ford Motor Team also announced the launch of the new Territory hybrid in 海角直播.

鈥淥ver the next five years, we will see more hybrids, and then the EV will take a bit more time,鈥 he said.

海角直播 aims to reduce carbon emissions by 50 percent and has an ambitious goal to transition 30 percent of all vehicles in Riyadh to electric by 2030.

鈥淲e also would look at partnerships if the government and the industry are shifting towards battery electric; we will also be a part of that growth story in terms of infrastructure and in terms of how the government wants to move into that direction,鈥 Ravichandran said.

鈥淲e are investigating areas in that,鈥 he said. 

Ford identified challenges in EV adoption in 海角直播, including infrastructure, range anxiety, the affordability of the vehicles, and the impact of high temperatures on performance.

海角直播 is aiming to tackle charging infrastructure limitations through entities such as EVIQ, a joint venture between the Public Investment Fund and Saudi Electricity Co. to provide EV infrastructure.

EVIQ has signed a memorandum of understanding with Black Lane and Universal Motors Agencies, one of 海角直播鈥檚 premier automotive dealers, to enhance EV charging access and awareness across the Kingdom.

EVIQ hopes to break the charging infrastructure stalemate by installing over 5,000 fast chargers across 1,000 locations throughout the Kingdom.

Highlighting its local commitment, PIF-backed Lucid recently revealed in its third-quarter 2025 figures that over 1,000 vehicles were built during the three-month period for final assembly at the company鈥檚 Saudi facility.


Saudi ports cargo throughput rises 8.6% to 22.52m tonnes in September聽

Saudi ports cargo throughput rises 8.6% to 22.52m tonnes in September聽
Updated 07 October 2025

Saudi ports cargo throughput rises 8.6% to 22.52m tonnes in September聽

Saudi ports cargo throughput rises 8.6% to 22.52m tonnes in September聽

JEDDAH: 海角直播鈥檚 ports handled 22.52 million tonnes of cargo in September, up 8.6 percent from the same month last year, reflecting the Kingdom鈥檚 expanding maritime trade. 

The growth included 1.22 million tonnes of general cargo, 5.7 million tonnes of dry bulk, and 15.6 million tonnes of liquid bulk, according to a release by the Saudi Ports Authority, known as Mawani. 

Saudi ports鈥 strong performance supports trade, maritime industries, tourism, and supply chains, while contributing to the Kingdom鈥檚 food security and its goal of becoming a major logistics hub connecting Asia, Europe, and Africa under Vision 2030. 

鈥淢aritime traffic also rose by 1.11 percent to reach 1,001 vessels, compared to 990 vessels during the same period last year,鈥 the statement noted, adding that passenger numbers increased by 58.56 percent to reach 71,376 passengers, compared to 45,015 passengers in September last year. 

It further said that the number of vehicles decreased by 20.09 percent to reach 75,616, compared to 94,630 a year ago. 

鈥淭he ports received 285,657 cattle heads, marking a decrease of 17.07 percent compared to 344,440 heads of livestock during the same period last year,鈥 Mawani said. 

It added that handled containers fell 2.75 percent to 654,865 Twenty-foot Equivalent Units from 673,368 TEUs in September 2024. 

Exported containers amounted to 237,349 TEUs, a decrease of 7.14 percent compared to 255,606 in September 2024, while imported containers declined by 3.02 percent to reach 250,725 TEUs compared to 258,521 the same period last year. 

Transshipment containers, meanwhile, recorded an increase of 4.74 percent to reach 166,791 TEUs, compared to 159,241 during the ninth month of 2024. 

In August, Saudi ports handled 750,634 TEUs, a 9.52 percent increase from the 685,414 seen in the same period of 2024, driven by a 14.7 percent rise in transshipment activity to 189,407 TEUs. 


Saudi industry minister sets out investment opportunities to Greek officials

Saudi industry minister sets out investment opportunities to Greek officials
Updated 07 October 2025

Saudi industry minister sets out investment opportunities to Greek officials

Saudi industry minister sets out investment opportunities to Greek officials

RIYADH: 海角直播 and Greece are set to strengthen collaboration in industry and mineral resources following high-level talks in Athens between government officials.

The Kingdom鈥檚 Minister of Industry and Mineral Resources Bandar Alkhorayef met with the European country鈥檚 Minister of Environment and Energy Stavros Papastavrou and Minister of Development Takis Theodorikakos, with the discussions focused on expanding strategic partnerships across industrial, mining, and maritime sectors, according to an official statement. 

Both sides explored opportunities for Greek investors in the Kingdom鈥檚 fast-growing mining sector, as well as avenues for knowledge exchange and technology adoption in mineral exploration and processing. 

The meetings also highlight 海角直播鈥檚 efforts to position itself as a global hub for mineral development, leveraging its vast untapped resources and the regulatory reforms introduced under Vision 2030 to attract international investors. 

In a post on its official X account, the Ministry of Industry and Mineral Resources said: 鈥淎lkhorayef discussed with the Greek Minister of Environment and Energy ways to develop joint cooperation in the mining sector and investment opportunities available in the Kingdom for Greek mining companies.鈥  

It added: 鈥淗e also discussed opportunities for exchanging expertise and transferring the latest technologies and innovative solutions in the fields of exploration, extraction, and mine management.鈥 

In a separate meeting with Theodorikakos, Alkhorayef discussed expanding cooperation in industrial development, including maritime industries, infrastructure projects, and specialized industrial clusters.  

The two ministers emphasized the importance of enhancing bilateral economic ties and supporting joint ventures that can strengthen trade and industrial integration between the Kingdom and Greece. 

Alkhorayef extended an official invitation to both Greek ministers to participate in the fifth edition of the Future Minerals Forum, which will be held in Riyadh from Jan. 13 to 15, 2026.  

The visit aligns with the Kingdom鈥檚 broader strategy to accelerate growth in the mining and industrial sectors, which have become central pillars of 海角直播鈥檚 economic diversification agenda.  

Mining exports have surged by about 80 percent, driven by increased production of phosphate, iron, aluminum, copper, and gold.  

Current and planned investments in the sector are estimated at SR180 billion ($48 billion), underscoring 海角直播鈥檚 ambition to position itself as a global hub for mineral resources while attracting high-quality foreign investment into downstream industries.