The Events Investment Fund (EIF) — launched under Saudi Arabia's National Development Fund (NDF) — has announced the formation of a strategic joint venture with Legends Global, the world’s leading operator of event and sports venues.
A dynamic real estate landscape continued to unfold across the Kingdom of Saudi Arabia in Q3 catalysed by Vision 2030's transformative impact. Amidst this comes a new wave of regulatory changes that is set to significantly influence real estate dynamics, said an expert.
Saudi Arabia and Russia signed a mutual visa exemption allowing citizens with any passport type to enter visa-free for tourism, business, or family visits. Stays of up to 90 consecutive or non-consecutive days per year are permitted for travellers from both countries.
Hanwha Power Systems has signed a land lease agreement to build a compressor packaging and service centre of approximately 11,600 sq m within King Salman Energy Park (SPARK), an international energy industry hub city 100% owned by Saudi Arabia's national oil company Aramco.
Japan National Tourism Organisation (JNTO) Dubai Office co-hosted Japan Festival in Riyadh 2025 on October 31 and November 1, in collaboration with the Embassy of Japan in Saudi Arabia, JETRO Riyadh, and the Riyadh Japanese Association.
Aramco reported strong earnings in third quarter, underpinned by operating momentum as major projects progress. The energy major's adjusted net income for the quarter stood at $28 billion (Q3 2024: $27.7 billion).
Chinese group TBEA has won the bid from Saudi Electricity Company (SEC) for the construction of a new 380/132kV substation in the kingdom's Namria region as well as expansion of two existing substations in the surrounding areas.
Azerbaijan Tourism Board (ATB), together with 11 industry partners including Shahdag Mountain Resort and Azerbaijan Airlines (AZAL), organised a series of roadshows in Saudi Arabia from November 24–26 to promote Azerbaijan as a year-round travel destination.
International Maritime Industries (IMI) signed an agreement with Aro Drilling (Aro) for the construction of a new offshore drilling rig named "Kingdom 4" in Saudi Arabia.
Saudi Arabia’s real estate market is soaring, fuelled by bold reforms and economic momentum, says a report by CBRE Middle East, a global leader in commercial real estate.
