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(Reuters) - Amazon.com's cloud division Amazon Web Services said on Monday it will launch data centers in Saudi Arabia in 2026 and plans to invest more than $5.3 billion in the kingdom.
Amazon (2017–2021) [1] URL. www .souq .com. Souq.com was the largest e-commerce platform in the Arab world. The company launched in 2005 in Dubai, United Arab Emirates. [2] On March 28, 2017, Amazon.com Inc. acquired Souq.com for $580 million as a subsidiary.
The economy of Saudi Arabia is the second-largest in the Middle East and the nineteenth-largest in the world. [6] The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
Revenue (billions US$) Profit (billions US$) Assets (billions US$) Value (billions US$) Industry 5 Saudi Aramco: Dhahran 329.8 88.2 398.3 1,900 Oil and gas: 212 Saudi Basic Industries: Riyadh 37.3 1.5 83.4 59.8 Chemicals: 315 Saudi Telecom Company: Riyadh 14.6 2.9 32.1 48.3 Telecommunications: 396 Saudi National Bank: Riyadh 6.8 3.1 135.2 29.6 ...
Sela. Sela ( Arabic: صلة) is a company specializing in experiences, events, and destinations in Saudi Arabia . In 1997, Sela paved the way in the sports industry within Saudi Arabia and over the years it has grown to encompass the entertainment and culture industries. Today, Sela is a key player in the recreational sectors in the region.
The Citizen's Account Program in Saudi Arabia is a cash transfer program that started in December 2017. The program is adopted and implemented by The Ministry of Labor and Social Development. [1] Through the programme, citizens in Saudi Arabia get monthly payments from the state. Saudi Arabia is doing many reforms to reduce the country's ...
Amazon Web Services (AWS), the largest provider of cloud-computing services, posted a 17% rise in revenue to $25.0 billion in the first quarter, compared with expectations of $24.53 billion. That ...
Amazon on Thursday reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season. In a statement, Amazon CEO Andy ...