Saudi Minister of MCIT: The Kingdom leaps cybersecurity to the second rank globally.
It's worth noting that in 2021 Saudi Arabia announced it successfully designed and produced the first smart chip in Saudi Arabia for Military and Civilian purposes.
Saudi Arabia’s crown prince announced the launch of Ceer, the first Saudi electric vehicle brand. Which will start its production by 2025. Moreover, LUCID (62% owned by PIF) planning to produce 150,000 EV cars annually in Saudi Arabia by 2027.
Saudi Finance Ministery has announced its quarterly budget performance report for the period until the 3rd quarter.
Revenues: $253B
Expenditures: $213B*
Surplus: $40B
* Spending includes +$24B in capital expenditures, which includes provisions for Giga projects.
The growth of the number of factories in Saudi Arabia:
2007: 4,048
2014: 6,871 (+70%)
2022: 10,685 (+55%)
*2035: 36,000 (+237%)
*Saudi government goal according to the National Strategy for Industry.
After shipping the first blue ammonia shipment from Saudi Arabia to Japan for use in zero-carbon power generation. Saudi Arabia is prepared to send another shipment of blue ammonia to South Korea in November.
The giant energy hub is setting foot in the zero-carbon industry.
The Saudi Foreign Minister expressed that Saudi Arabia is interested in the Chinese president's visit, which will include a GCC-Chinese summit and an Arab-Chinese summit.
The FM adds: Saudi Arabia gives priority to China in its relations.
In 2016, Saudi Arabia launched Vision2030. Here are some figures:-
GDP
2016: $645B
2022est: $1,046B
Government non-oil revenues
2016: $50B
2022est: $110B
Non-oil exports
2016: $47B
2022est: $107B
Public Investment Fund (PIF) assets
2016: $160B
2022: $620B
Inflation: 2.6%
In 2016, Saudi Arabia launched Vision2030. Here are some figures:-
GDP
2016: $645B
2022est: $1,046B
Government non-oil revenues
2016: $50B
2022est: $110B
Non-oil exports
2016: $47B
2022est: $107B
Public Investment Fund (PIF) assets
2016: $160B
2022: $620B
Inflation: 2.6%
Saudi energy minister: People are depleting their emergency stocks to manipulate the market. However, it's my profound duty to make it clear to the world that losing emergency stocks may become painful in the months to come.
The Saudi ambassador in Washington said: "We welcome the review of Saudi Arabia's relations with the United States." This is good news. Compared to five or ten years ago, Saudi Arabia has changed.
Saudi Arabia and China are negotiating to set up a regional hub for the Chinese manufacturing industry in Saudi Arabia.
It's worth noting that Saudi Arabia launched its national industrial strategy to increase and diversify its exports.
The Royal Jordanian Air Force 🇯🇴 will receive the first AT-802 fighter modified to Block 4 by tomorrow. The United Arab Emirates 🇦🇪 donated these airplanes.
Saudi Arabia and China are negotiating to set up a regional hub for the Chinese manufacturing industry in Saudi Arabia.
It's worth noting that Saudi Arabia launched its national industrial strategy to increase and diversify its exports.
🇦🇪🇪🇬🇵🇰🇲🇦🇩🇿🇮🇶🇴🇲🇰🇼🇧🇭🇩🇯 expressed their support for Saudi Arabia and OPEC+ decision. Zelenskyy praised Saudi-Ukraine relations. MBS will not meet Biden during the G-20 summit; instead, he will meet with the leaders of China, India, and Russia. Has Joe Biden just become a pariah?
🇦🇪🇪🇬🇵🇰🇲🇦🇩🇿🇮🇶🇴🇲🇰🇼🇧🇭🇩🇯 expressed their support for Saudi Arabia and OPEC+ decision. Zelenskyy praised Saudi-Ukraine relations. MBS will not meet Biden during the G-20 summit; instead, he will meet with the leaders of China, India, and Russia. Has Joe Biden just become a pariah?
The Saudi 18th brigade together with Yemeni government forces launched a pincer movement maneuver at night against Houthis rebels in Harad.
Video shows Saudi TOS-1 MRLS bombarding Houthis’ fortifications intensively.
A footage released by the UAE 🇦🇪 Joint Operations Command showing an F-16 destroying a ballistic missile launcher in Al Jawf, immediately after it launched two ballistic missiles at Abu Dhabi which were successfully intercepted by UAE Air Defense Systems.
The Royal Saudi Air Defense Force and the Royal Saudi Air Force shot down eight IED drones.
The video shows a Eurofighter Typhoon engaging with the drone at a low altitude.