Saudi Arabia plans to deliver more than 300,000 new housing units in Riyadh over the next three years, Minister of Municipalities and Housing Majed Al-Hogail said on Sunday, underscoring the Kingdom’s push to balance supply and demand in its real estate market.
Saudi Arabia has suspended planned construction of a colossal cube-shaped skyscraper named Mukaab at the centre of a downtown development in Riyadh while it reassesses the project's financing and feasibility, Reuters said quoting four people familiar with the matter.
Governor of Riyadh Region Prince Faisal bin Bandar bin Abdulaziz has inaugurated International Terminal 2 and announced the completion of the development project for Terminals 1 and 2 at King Khalid International Airport.
Saudi Arabia Railways (SAR) has announced that work is moving at a steady pace on the Land Bridge Project linking Riyadh and Jeddah and will be delivered 'through a new mechanism and in phases' with completion expected before 2034.
SICO Capital, a leading provider of asset management, brokerage, and investment banking services in Riyadh and licensed by the Saudi Capital Market Authority, has appointed Hashem Alsada as its new Head of Equities Asset Management, based in Riyadh.
The Esports World Cup Foundation (EWCF) has announced a total prize pool of $75 million alongside the full game lineup and schedule for the Esports World Cup 2026 (EWC), the world’s largest esports event, set to return to Riyadh, Saudi Arabia, from July 6 through August 23.
Sofitel, the French luxury hospitality brand under Accor, has announced the opening of Sofitel Riyadh Hotel and Convention Centre, marking its debut in Saudi Arabia’s capital. The five-star property features 388 designed rooms and suites.
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.
Specialized Medical Company (SMC Healthcare), one of Saudi Arabia’s leading private healthcare providers, today announced the official opening of its new outpatient clinic center, SMC Clinics, on Prince Mohammad Bin Saad Bin Abdulaziz Road in Al Malqa District in North Riyadh, marking a significant milestone in the group’s ongoing expansion strategy.
Hilton has signed a deal top open two new hotels in Riyadh 0in partnership with Saleh Abdulaziz Al Rajhi & Partners Co, strengthening its midscale portfolio in Saudi Arabia’s capital.
