#Saudi Arabia
71 posts
Quiqup: Transforming Saudi Arabia’s E-Commerce Infrastructure
By 2030, e-commerce will account for 46% of Saudi Arabia’s retail sector. This surge in e-commerce activity is unlocking fresh opportunities across the logistics and fulfillment landscape. With a rising demand for convenience and faster service, e-commerce firms are speeding up their delivery times, and quick commerce is expanding beyond everyday essentials. Several regional and global players have chosen to set up a business in Saudi Arabia to support the market’s growth trajectory and meet its evolving demands. One noteworthy […]
Choosing the Right Business Setup Consultant in Saudi Arabia: AstroLabs is Your On-Ground Partner for Success
Global companies are searching for the top company formation experts and business setup consultants in Saudi Arabia, to help ride the wave of economic prosperity currently undergoing in the Kingdom. In the global economic landscape, Saudi Arabia has emerged as a beacon of opportunity, with its allure underpinned by Vision 2030 and sustained efforts to achieve inclusive, sustainable economic growth. This dynamic economic landscape presents promising prospects for business growth, placing the Kingdom at the top of the list of […]
Saudi Round-Up: Aviation & Travel Retail Positioned For an Upswing
From recent developments in the aviation sector to major corporate announcements in real estate, this week’s edition from the Saudi Round-Up comprehensively covers the latest updates across strategic sectors in Saudi Arabia. General Business and Economy S&P Upgrades Saudi Arabia’s Credit Rating to A+ S&P Global Ratings raised Saudi Arabia’s credit rating from A to A+ with a stable outlook. The agency attributed the upgrade to sustained economic reforms and diversification efforts, particularly in developing domestic capital markets. Strong non-oil […]
TeamSec: Transforming the Financial & Banking Sector in Saudi Arabia
In recent years, the financial and banking sector in Saudi Arabia have been ripe for disruption, introducing new scale and opportunities. With the growing digitization of investment banking, the synergy between fintech and regulatory technology (regtech) acts as a catalyst for reshaping the sector’s outlook. This shift provides fertile ground for companies to provide tech-driven solutions tailored to corporate and financial institutions (FIs), attracting global players like TeamSec to set up operations in Saudi Arabia. Robust Financial & Banking Sector […]
Bank Saudi Fransi (BSF) and AstroLabs Conclude the Second Cohort of the “Banker Technologist” Program
Riyadh, Saudi Arabia: Bank Saudi Fransi (BSF) and AstroLabs have announced the successful conclusion of the second cohort of the flagship “Banker Technologies” program, aiming to expand Saudi Arabia’s fintech talent pool, thereby contributing to the advancement of the broader fintech sector. As Saudi Arabia is rapidly evolving into a global financial technology and innovation hub, the program plays a pivotal role in generating employment in fintech. This comes closely in alignment with Vision 2030’s objectives to increase the number […]
The Fintech Bootcamp: A Bridge Between Public Vision and Private Innovation
Fintech has not only emerged as a key economic driver in Saudi Arabia but also as a national priority and major focus of Vision 2030. To support the sector’s growth, AstroLabs has been working closely with governmental entities in the financial space to steer rapid development. Our latest endeavor, the Fintech Bootcamp, held in collaboration with The Financial Academy, Monshaat, and Fintech Saudi, reflects an ongoing commitment to spur innovation in the growing Saudi fintech sector, marked by skyrocketing digital […]
What Makes Saudi Arabia the Leading Automotive Market in the GCC?
With imports exceeding one million annually, Saudi Arabia’s automotive industry has solidified its position among the top 20 vehicle import markets worldwide and as the largest in the Arab World. The enduring expansion of the Saudi automotive expansion is largely owed to the government’s commitment to advance automotive value chain production and boost local content amid a broader effort to revitalize manufacturing. As it forges ahead to realize this vision, the country aims to produce 300,000 cars annually by 2030 […]
Giga Projects and Mega Events Opportunities in Spotlight: Saudi Hospitality Bet Draws Global Firms
Saudi Arabia currently holds a hotel development portfolio worth more than $110 billion, showcasing vast hospitality opportunities in Saudi’s giga projects and mega-events. The growth is powered by the country’s giga projects and upcoming global events such as Riyadh EXPO 2030 and the FIFA World Cup 2034. Saudi Arabia already leads the Middle East and Africa in hotel construction, accounting for 35.1% of all new hotel rooms in the region – numbers likely to go way up as anticipation for […]
Esports Business Opportunities in Saudi Arabia: The Economic Impact of Hosting E-sports World Cup and the 2025 Olympic E-sports Games
Riyadh is currently buzzing with excitement as it hosts the first inaugural e-sports World Cup with prizes worth a total of $62.5 million – positioning Saudi Arabia at the forefront of the global e-sports market while setting the stage for the first-ever Esports Nation Cup and Olympic Esports Games. This focus on esports aligns with Saudi Arabia’s Vision 2030’s diversification objectives. It centers around powering the growth of its non-oil sectors, including sports, and accelerating the shift towards a tech-driven […]
How Saudi Arabia is Leading the EV Revolution Globally
In the not-so-distant future, electric vehicles (EVs) will be a common sight on Riyadh streets, exceeding the one-million mark by 2030, as Saudi Arabia’s EV sector is on track to increase production by 600,000 annually. In its stride towards being a manufacturing powerhouse, EVs play a crucial role in diversifying industrial expertise, alluring top talents to invest in its dynamic output, increasing exports, and steering the nation away from reliance on oil-generated revenues. Saudi Arabia’s deep commitment has positioned the […]
MyAlice Expands Operations to Saudi Arabia with AstroLabs to Revolutionize Customer Engagement in E-commerce Sector
09 July, 2024, Riyadh, Saudi Arabia: MyAlice, a leading omnichannel customer support and engagement solution provider, has expanded operations to Saudi Arabia with the help of AstroLabs, the Gulf’s leading expansion platform and launched its Riyadh headquarters. Since 2021, the company has been helping online businesses, especially e-commerce firms, deliver exceptional customer experiences across multiple channels, thereby gaining a better understanding of their customer’s unique needs and preferences. Building on its success in international markets like South East Asia, UAE, […]
Saudi Arabia to Become the World’s Largest Construction Sector by 2028: What Does It Mean for International Firms?
Skilled talent, strategic investments, and forward-thinking companies are the cornerstone elements driving growth in any sector. In Saudi Arabia’s construction sector, these essential components are already in full swing, clearly visible by the multitude of cranes dotting the skyline of the Kingdom’s cities. The ongoing boom of the construction space in Saudi Arabia, which created millions of jobs, comes on the back of the Kingdom’s pursuit of large-scale developments such as state-backed mega and giga projects that include Qiddiya, Red […]