Saudi Arabia's Ministry of Industry and Mineral Resources (MIM), in collaboration with the Ministry of Investment, has launched Wave 3 of the Exploration Enablement Program (EEP) application submission stage.
Saudi Arabia's real gross domestic product (GDP) recorded an annual growth rate of 4.5% in 2025 compared to the previous year, while growth reached 4.9% in the fourth quarter (Q4) of 2025 compared to the same period in 2024.
The Radisson Hotel Madinah, a new four-star hotel, was opened in Madinah in the presence of Saudi Arabia’s Minister of Tourism, Ahmed Al-Khateeb.
The ilmi Science Discovery and Innovation Centre at Misk City in Riyadh has reached a major construction milestone with a topping-off ceremony, signalling steady progress on what is set to become one of Riyadh’s landmark developments.
According to the Saudi Green Building Forum’s SAAF conformity and specifications system, Saudi Arabia emerged as a regional leader, achieving the highest performance score of 76.31 points and registering over 1.03 million sq m of certified areas.
Saudi Arabia’s Ministry of Energy and Kazakhstan’s Ministry of Foreign Affairs signed an agreement formally establishing the Saudi–Kazakh Coordination Council. The agreement strengthens bilateral ties, expands cooperation across multiple sectors, and enhances collaboration in energy, renewable energy, energy storage, and oil market coordination.
King Fahd International Airport in Dammam, recognised by Guinness World Records as the largest airport in the world by area, has introduced a state-of-the-art navigation system, marking the first Category III Instrument Landing System upgrade in Saudi Arabia.
Roshn Group, Saudi Arabia's leading developer powered by sovereign wealth fund PIF, has signed a SAR1.1 billion ($293 million) agreement with Arabian Dyar, a pioneering real estate group in the kingdom, for the development of a 55,000 sq m land plot within the Sedra community in Riyadh.
Saudi Arabia has announced the launch of Namaa Endowment Fund, aimed at strengthening the sustainability of the non-profit sector within the kingdom’s environmental system. It seeks to boost the non-profit sector’s contribution to GDP and promote environmental and water sustainability.
stc group recorded the highest revenues in its history of SAR77.8 billion ($20.75 billion) in 2025, reflecting a 2.5% increase compared to the previous year. Net profit rose by 12.5% after excluding non-recurring items, demonstrating the strength of the group’s business model and the continued execution of its sustainable growth strategy, the company said.
