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2024-10-28 09:50:45 - Translate -

Saudi Arabia to Enhance Transport Sector by Investing Over $5 Billion
In a bold move to modernize its infrastructure and bolster economic growth, Saudi Arabia has announced plans to invest over $5 billion in enhancing its transport sector. This strategic initiative is part of the Kingdom’s Vision 2030 program, which aims to diversify the economy and reduce reliance on oil revenue by developing various sectors, including transportation. Objectives...

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2025-02-04 12:26:37 - Translate -

Saudi Arabia’s Residential AC Market Expands with Rising Temperatures and Housing Developments
The residential air conditioner (AC) market in Saudi Arabia is experiencing significant growth, driven by factors such as rising temperatures, increasing disposable incomes, and substantial investments in the housing sector. In 2023, the market generated a revenue of $574.7 million, and it is projected to reach $917.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 7.2%...

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