Achema Middle East will debut on 26–28 October 2026 at Riyadh International Convention & Exhibition Centre, bringing its century-long expertise in chemical engineering and process technology to a region undergoing rapid industrial diversification and downstream growth.
Saudi Arabia recorded total revenues of SR1.11 trillion ($295.87 billion) in 2025, while expenditures reached approximately SR1.389 trillion ($370.24 billion), resulting in a budget deficit of SR276.61 billion ($73.73 billion), the kingdom's Ministry of Finance has announced.
UK-based LOBO Systems has completed its first deployment of modular work-at-height platform system in Saudi Arabia, thus marking a significant milestone in the continued international expansion and formal entry into the Middle East industrial market.
In a major move, Saudi Arabia has allowed limited exemptions to its regional HQ rule, permitting government entities to sign contracts with international companies which do not have a base in the kingdom, said a report. This directive applies to all government agencies, funds and their affiliated bodies.
Saudi housing ministry, in partnership with United Nations Development Programme and UN-Habitat, aims to set up the National Urban Policy that can serve as a cohesive framework linking economic diversification, housing, infrastructure and environmental sustainability across cities and regions in the kingdom.
The UAE topped the list of Oman’s trading partners last year in non-oil exports - including chemicals, metals and machinery - as well as re-export activities, and merchandise imports, said a report. Other prominent trading partners included Saudi Arabia, India, China, Iran and UK.
Saudi Arabia has emerged as a regional leader in green building sector, achieving the highest performance score of 76.3 points and clocking 1.03 million sq m of certified areas. This shift is backed by a robust network of 7,300 experts and a cumulative portfolio of 6,662 projects.
Saudi Arabia’s sweeping diversification drive has transformed the structure of its economy, but the next phase must focus on quality and productivity rather than scale, as oil market dynamics continue to shape non-oil performance, according to PwC.
Saudi Arabia's Ministry of Energy has reiterated that all activities involving petroleum and petrochemical materials must obtain the necessary licences from the ministry.
It will be another year of robust economic growth in the Middle East in 2026 despite lower oil prices, according to top ratings agency Fitch. The median growth among the Gulf countries as well as Egypt, Iraq, Israel and Jordan will be at 4%, up from 3.4% last year.
