latest news in Saudi Arabia
Saudi Packaging Industry Set for 16% Growth by 2028
Saudi Arabia, Monday, 18 November 2024.
Saudi Arabia’s packaging sector is poised for remarkable expansion, projecting growth from 44.5 billion units in 2023 to 51.5 billion units by 2028. Flexible packaging dominates with a 32.8% market share, while rigid metal packaging emerges as the fastest-growing segment at 5.4% CAGR, reflecting the kingdom’s ambitious economic diversification strategy.
Saudi Arabia's Cloud Market Booms as Tech Giants Invest Heavily
Riyadh, Friday, 15 November 2024.
Saudi Arabia’s cloud infrastructure market is experiencing rapid growth, driven by significant investments from AWS, Google, and Huawei. The market is projected to reach $8.97 billion by 2029, with a 17.03% CAGR, as the kingdom pursues ambitious digital transformation goals under Vision 2030.