Integrated Global Services (IGS) research shows 46 per cent of oil and gas assets in Saudi Arabia and UAE operate beyond design life, with 83 per cent still confident in performance despite downtime losses and growing focus on efficiency and reliability.
Saudi Arabia’s Ministry of Tourism welcomed the first groups of pilgrims arriving in Makkah and Madinah, organising reception events that reflect Saudi hospitality and the Kingdom’s commitment to serving pilgrims.
Saudi Arabia has taken a significant step forward on its long-planned Landbridge railway, awarding Spanish engineering firm Sener the lead design contract for the multi-billion-dollar project linking the Red Sea to the Arabian Gulf, according to published reports.
Saudi Arabia has activated a strategic logistics service through the integration of Saudi Arabia Railways (SAR), the Saudi Ports Authority (Mawani), and national shipping carrier Bahri, transporting diammonium phosphate (DAP) from Ras Al-Khair to Yanbu Port.
The “Abha Walk” project on King Fahd Road in Abha, a key urban development supporting economic activity and tourism in the Aseer Region, is progressing through construction phases.
One of the key investment areas under Saudi Public Investment fund's new 2026-2030 strategy is the Advanced Manufacturing and Innovation ecosystem.
Saudi Public Investment Fund's (PIF) tourism, travel, and entertainment ecosystem aims to capitalise on the growing Saudi tourism industry by developing strategic assets that generate reliable returns, improving air‑connectivity and leveraging world‑class events to attract visitors.
Saudi Arabia's Public Investment Fund (PIF) Governor Yasir Al-Rumayyan said NEOM projects are presently being restructured to achieve higher economic efficiency and long‑term financial sustainability.
Saudi Arabia's Public Investment Fund (PIF) has approved its 2026-2030 strategy which focuses on transforming PIF’s portfolio of 13 strategic sectors into six integrated economic ecosystems, strengthening the linkages among them and creating a broader spectrum of partnership and investment opportunities for the private sector.
Saipem secured two offshore EPCI contracts from Aramco in Saudi Arabia for Safaniya field water injection platforms, wellheads, pipelines, and cables, using regional vessels and local fabrication at its Saudi yard to support industrial development.
