GENNEXT STADIUMS, ACADEMIES

Middle East spearheading $600bn global sports market growth

Tue, 08 Jul 2025

With the global sports market set to hit $600 billion by 2030, the Middle East is driving a transformation fueled by investments and tech-enabled innovation. Saudi Arabia, in particular, is emerging as a major benchmark with mega events, said a report.

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MILLION HOMES DELIVERY BY 2030

Saudi construction output value soars to $148bn, says report

Mon, 07 Jul 2025

Growth in Saudi Arabia’s construction activity shows no signs of slowing, with the output value for the transport, power, oil & gas, industrial, water and building sectors reaching $148 billion in H1 2024, up 4.6% over the previous year, said a report.

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SUSTAINABLE URBAN DEVELOPMENT

LWK + Partners unveils $3.2bn Saudi cybersecurity district in Riyadh

Mon, 07 Jul 2025

Hong Kong-based architecture group LWK + Partners has unveiled Saudi Arabia's pioneering national technology and cybersecurity district - Pulse Wadi - being set up on a 600,000 sq m area in Riyadh at an investment of SAR12.1 billion ($3.2 billion).

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ANALYSIS

US inflation surprise ties Feds hands amid 'recession fears'

Sat, 28 Jun 2025

The latest personal consumption expenditures index and Fed Reserve’s preferred inflation gauge have come in hotter than expected. This has rattled financial markets and raised concerns that the US economy is now hurtling toward recession, said an expert.

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Strong spend, evolving retail landscapes fuel GCC economic resilience

Mon, 23 Jun 2025

The Middle East continues to distinguish itself as a global economic outperformer, with UAE and Saudi leading the charge. While GDP growth is set at 3.2% this year, UAE will grow by 4% and KSA 3% with further acceleration seen through 2027, said a report.

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Top This Week

Japanese crane company Tadano buys IHI's transportation business

Fri, 04 Jul 2025

Japanese crane manufacturer Tadano said it has acquired the transportation system business of IHI Transport Machinery, a key unit of IHI Corporation, thus marking a strategic milestone in the company's ongoing efforts to expand its product portfolio.

Wynn Al Marjan Island unveils ultra luxury offering at RAK

Thu, 03 Jul 2025

Wynn Al Marjan Island, the UAE’s first gaming resort coming up in Ras Al Khaimah, has unveiled the first look of its ultra luxury offering - Enclave featuring 313 residences - including six distinct layouts, ranging from suites to two-storey apartments.

Four top firms in race for $5bn Qatar offshore megaproject

Thu, 03 Jul 2025

At least four leading international contractors or consortia are vying for a major contract from QatarEnergy LNG worth upto $5 billion for the next expansion phase of its massive North Field Production Sustainability (NFPS) project, said a report.

Saudi Arabia taking centrestage in world tourism boom, says WEF report

Thu, 03 Jul 2025

With global tourist trips set to hit 30 billion by 2034 and tourism outpacing economic growth, Saudi Arabia has become a cornerstone in this transformation as a key destination and home to some of the most ground-breaking investments, said a WEF report.

Kleindienst unveils concept design of new 96-key Dubai hotel

Thu, 03 Jul 2025

Kleindienst Group has unveiled the concept design of Hygge Hotel, a 96-key property coming up at its key destination, Heart of Europe, Dubai. Its partner, HWKN Architecture DPC has pioneered a new approach, merging AI with architecture for the project.

Marubeni consortium inks deal for $458m Yanbu wind energy project

Thu, 03 Jul 2025

Saudi Principal Buyer has signed a power purchase agreement (PPA) with a consortium of Japanese group Marubeni and Abdulaziz Al Ajlan for the 700MW Yanbu Wind Energy project, being set up at a total investment of over SAR1.7 billion ($458 million).

Google rolls out powerful video generation model Veo 3 in Mena

Thu, 03 Jul 2025

Google has announced the launch of Veo 3, its video generation model that enables people to bring their creative vision to life through a mesmerising combination of visuals and sound. Veo 3 is now accessible to all Google AI Pro subscribers across the reg

Mawani breaks ground on 17-km Jeddah Port logistics corridor

Thu, 03 Jul 2025

Saudi Ports Authority (Mawani) has broken ground on a 17-km-long logistics corridor linking Jeddah Port to Al Khumrah Logistics Park. For the key project, 12 bridges will be built along the route to facilitate the movement of trucks.

Abu Dhabi's hotel revenues surge to $230m in April

Thu, 03 Jul 2025

Abu Dhabi's hotels generated revenues of AED847 million ($230 million) in April, underscoring its growing appeal as a global tourism hub. A total of 172 hotels were in operation offering 34,383 rooms with guest nights topping 1.52 million, said a report.

Middle East spearheading $600bn global sports market growth

Tue, 08 Jul 2025

With the global sports market set to hit $600 billion by 2030, the Middle East is driving a transformation fueled by investments and tech-enabled innovation. Saudi Arabia, in particular, is emerging as a major benchmark with mega events, said a report.

Sipchem picks Achilles to boost its operational excellence

Mon, 07 Jul 2025

Achilles, a global leader in supply chain risk and performance management, said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational excellence, responsible sourcing and enhanced ESG performanc

KAFD wins Guinness for world’s largest pedestrian skywalk network

Sun, 06 Jul 2025

The King Abdullah Financial District has been awarded a Guinness record for the world’s largest pedestrian skyway network. Spanning 15.4km, the KAFD structure links the district’s 95 buildings through 42 interconnected climate-controlled skywalks.

Sipchem picks Achilles to boost its operational excellence

Mon, 07 Jul 2025

Achilles, a global leader in supply chain risk and performance management, said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational excellence, responsible sourcing and enhanced ESG performanc

US inflation surprise ties Feds hands amid 'recession fears'

Sat, 28 Jun 2025

The latest personal consumption expenditures index and Fed Reserve’s preferred inflation gauge have come in hotter than expected. This has rattled financial markets and raised concerns that the US economy is now hurtling toward recession, said an expert.

Middle East spearheading $600bn global sports market growth

Tue, 08 Jul 2025

With the global sports market set to hit $600 billion by 2030, the Middle East is driving a transformation fueled by investments and tech-enabled innovation. Saudi Arabia, in particular, is emerging as a major benchmark with mega events, said a report.

Saudi university Alfaisal signs landmark deal with Japan’s MEDiDENT

Sat, 05 Jul 2025

Saudi-based Alfaisal University has signed a landmark agreement with Japan’s MEDiDENT aimed at setting a gold-standard model for equitable, tech-powered healthcare innovation, elevating both nations as co-architects of global health progress.

Saudi university Alfaisal signs landmark deal with Japan’s MEDiDENT

Sat, 05 Jul 2025

Saudi-based Alfaisal University has signed a landmark agreement with Japan’s MEDiDENT aimed at setting a gold-standard model for equitable, tech-powered healthcare innovation, elevating both nations as co-architects of global health progress.

Americana seals franchise deal with premium Greek lifestyle brand

Thu, 03 Jul 2025

Americana Restaurants has inked an exclusive franchise agreement with Greek lifestyle brand Carpo renowned for its nuts, artisanal chocolates and refined coffee. As per the deal, Americana will be able to build, operate Carpo stores in Kuwait and Qatar.

Dubai Investments announces key leadership appointments

Sun, 06 Jul 2025

Dubai Investments has announced the promotion of Mushtaq Masood to the post of Chief Operating Officer. As COO, he will be responsible for leading the group’s operational strategy as well as enhancing efficiencies and overseeing mergers and acquisitions.

LWK + Partners unveils $3.2bn Saudi cybersecurity district in Riyadh

Mon, 07 Jul 2025

Hong Kong-based architecture group LWK + Partners has unveiled Saudi Arabia's pioneering national technology and cybersecurity district - Pulse Wadi - being set up on a 600,000 sq m area in Riyadh at an investment of SAR12.1 billion ($3.2 billion).

Pony.ai to start autonomous vehicle pilot trials in Dubai

Sun, 06 Jul 2025

Roads and Transport Authority has signed a deal with Pony.ai, a specialist in autonomous driving tech, to begin pilot trials of driverless vehicles in Dubai. Pony.ai recently unveiled 7th generation vehicles jointly developed with top global car makers.

KAFD wins Guinness for world’s largest pedestrian skywalk network

Sun, 06 Jul 2025

The King Abdullah Financial District has been awarded a Guinness record for the world’s largest pedestrian skyway network. Spanning 15.4km, the KAFD structure links the district’s 95 buildings through 42 interconnected climate-controlled skywalks.

The Avenues – Bahrain kicks off Shop & Win summer campaign

Wed, 02 Jul 2025

The Avenues – Bahrain, the largest seafront shopping and entertainment destination in the kingdom, has launched its two-month-long Shop & Win summer campaign, offering shoppers a chance to win the grand prize - a 2025 Maserati Grecale Modena SUV.

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