Saudi Arabia and Spain signed two memoranda of understanding (MoUs) to enhance cooperation in the fields of civil aviation and future modes of transportation. The agreements are expected to raise aviation safety standards, enhance security, improve air operation quality, and elevate passenger experience.
Public Investment Fund (PIF), Saudi Arabia's $925 billion sovereign wealth fund, plans to announce a new five-year strategy this week, Reuters said quoting people with knowledge of the matter.
Nemetschek, a leading software providers for the architecture, engineering, construction and operations (AEC/O) industry, has entered into a partnership with Saudi-based Prince Sultan University to support the development of future-ready talent and accelerate innovation across the kingdom.
Saudi Arabia's industrial production index in December 2025 rose 8.9% year-on-year, driven by higher activity in mining and quarrying, manufacturing, water supply and sewerage, as well as waste management and remediation activities, said a report.
Global technology leaders from over 20 countries will be at the World Advanced Manufacturing & Logistics (WAM) 2026 to explore and understand the technologies powering the Saudi industrial transformation, especially in advanced manufacturing, AI, smart logistics, materials innovation and GenNext mobility.
Al Jomaih & Shell Lubricating Oil Company (JOSLOC) and Al Nakhlah National Company (NANCO) signed a strategic lubricants supply agreement. Under the partnership, JOSLOC will provide premium lubricant solutions to support NANCO’s diverse fleet, enhancing efficiency, safety, and reliability across Saudi Arabia’s transportation and logistics sectors.
Saudi Arabia’s Transport General Authority has approved the implementation of facial biometric verification for ride-hailing drivers, a measure due to be rolled out in the first quarter, as part of efforts to tighten regulation of passenger transport services.
ProSep has secured a new contract to supply its proprietary mixing technology to a regional operator, delivering three Annular Injection Mixers (AIM) for a Saudi Arabian oilfield.
Saudi Arabia and Qatar have signed a deal to build a high-speed rail link between the two countries. The 785-km network, which will connect King Salman International in Riyadh to Hamad International Airport in Doha, will carry trains with speeds above 300 kph.
The National Bank of Bahrain (NBB) has signed an agreement with Kanoo Real Estate, a division of the Yusuf Bin Ahmed Kanoo Group, to provide financing for their premium residential developments coming up in the kingdoms of Bahrain and Saudi Arabia.
