Saudi-based Jabal Omar Development said it has won the licence from the Ministry of Tourism to operate the 205-key Rotana Hotel being developed as part of Phase Four of its mega project in Makkah. The Rotana Jabal Omar Hotel spans across three towers comprising 655 rooms and suites.
The Transport General Authority (TGA) has issued a licence to Saudi Arabia Railways (SAR) to operate container trains at additional stations across the kingdom's railway network, thus aiming to expand logistics connectivity between the country's ports and cargo terminals.
Lesha Capital, the Saudi-based subsidiary of leading Qatari shari’a-compliant investment bank Lesha, said it has obtained the licence from the kingdom's Capital Market Authority to fully operate as a regulated investment firm, in a major milestone in its regional expansion strategy.
SIBS, a major international specialist in industrialised, volumetric modular construction based in Sweden, has signed a strategic collaboration with Linq Modular, a part of UAE-based ALEC Holdings, to accelerate the delivery of large-scale, modular developments across the Middle East.
The General Authority for Civil Aviation (GACA) has granted AirX Charter the licence to operate private charter flights within Saudi Arabia after the company met all regulatory standards and aviation safety requirements. With this GACA nod, AirX will be able to launch operations to all airports in the kingdom.
Ras Al Khaimah Economic Zone (Rakez) has recorded another year of strong performance in 2025, with 19,000 new companies joining its growing business community. This marks a 44% increase in new registrations when compared to the previous year.
Saudi Arabia’s Ministry of Investment has granted HSBC a Regional Headquarters (RHQ) licence for its Capital Markets and Advisory business, bolstering the bank’s presence in the kingdom as it expands its investment banking operations across the Middle East.
Saudi Arabia has announced that its Ministry of Industry and Mineral Resources had issued a total of 201 new mining licences in December last year. These included 159 for exploration, 20 for small-scale mining and 18 for the building materials quarries, said a report.
Saudi Arabia has announced the names of 24 companies that have won licences in the ninth exploration licensing round, the largest in its history to date. The winning entities were awarded 172 mining sites across three mineralised belts in Riyadh, Madinah and Qassim regions.
