Arab News Business Weekly Review - July 15 — Saudi Arabia’s road to 30% EVs by 2030, Lebanon bets on Gulf tourists, Saudi PIF rises to 4th and Saudi trading in US stocks hits record $44bn

Arab News Business Weekly Review - July 15

Arab News

Published Jul 15, 2025

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Saudi PIF rises to 4th among sovereign wealth funds as assets surpass $1tn

Article content — Crown Prince Mohammed bin Salman has mandated PIF to grow its assets to $2 trillion by 2030.

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Saudi chocolate industry expands as Riyadh leads in manufacturing registrations

Article content — Saudi chocolate market projects to reach $1.53 billion by end of decade

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ACWA Power-led consortium signs $8.3bn deals for massive renewable energy push

Article content — Five of the new projects are photovoltaic solar initiatives

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The battle for talent: Saudi Arabia’s high-stakes bet on human capital

Article content — Kingdom’s rapidly expanding sectors are creating an unprecedented demand for highly skilled professionals

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Saudi trading in US stocks hits record $44bn, almost tripling year on year

Article content — Trading activity on the local Saudi market reached SR730.6 billion

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Lebanon bets on Gulf tourists to rescue its collapsing economy

Article content — With the UAE and Kuwait lifting travel bans, high-end venues pin their hopes on a luxury tourism resurgence

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Saudi Arabia’s road to 30% EVs by 2030 — will Tesla be the game-changer?

Article content — Tesla opened its first showrooms Saudi Arabia on April 10

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Majority Saudis use AI tools to make travel decisions: Survey

Article content — 46% prioritize safety and security when selecting destination

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Saudi financial ecosystem hits $267bn milestone in 2024 in line with Vision 2030

Article content — FSDP annual report highlights booming fintech, capital market growth, and strengthened investor confidence

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