Saudi Arabia has launched a new National Privatization Strategy to significantly expand the role of public-private partnerships (PPPs) in delivering and operating large-scale projects and advancing economic diversification in line with Saudi Vision 2030.
Global engineering and professional services firm WSP has announced that it has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (Modon) to develop its carbon neutrality strategy, a defining step towards achieving net-zero across its industrial cities, in alignment with Saudi Arabia’s national climate ambitions.
Saudi Arabia’s civil aviation sector achieved exceptional growth in 2025, setting record figures in air traffic statistics. The number of passengers exceeded 140 million, up about 9%.
Saudi Arabia will not allow its airspace or territory to be used for military actions against Iran, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, told Iranian President Masoud Pezeshkian in a phone call on Tuesday, state news agency SPA reported.
The Global Wellness Institute reports that the largest wellness markets and standout five-year growth leaders include the UAE, Saudi Arabia, India, Mexico, Poland, the UK, the Netherlands, Canada, the US, and Australia, according to its annual Country Rankings report covering wellness data from 145 countries worldwide.
Saudi Arabia is drafting plans to expand its premium residency programme to a wider group of high-value individuals, including superyacht owners, buyers of homes in flagship Vision 2030 developments and top-performing students, Reuters said quoting a person with direct knowledge of the matter.
Middle East-based HITEK AI, a part of the Farnek group of companies, has signed a three-year SAFETEK Services Agreement with Ghassan Ahmed Al Sulaiman Furniture Trading Co (IKEA Saudi Arabia and Bahrain), marking a major step in IKEA’s commitment to elevating Health, Safety, Security, and Environmental (HSSE) governance.
Saudi Arabia has announced that its Ministry of Industry and Mineral Resources had issued a total of 201 new mining licences in December last year. These included 159 for exploration, 20 for small-scale mining and 18 for the building materials quarries, said a report.
Saudi Arabia plans to deliver more than 300,000 new housing units in Riyadh over the next three years, Minister of Municipalities and Housing Majed Al-Hogail said on Sunday, underscoring the Kingdom’s push to balance supply and demand in its real estate market.
W Hotels, part of Marriott Bonvoy’s portfolio, is set to enter Saudi Arabia with the opening of W Riyadh – KAFD this spring. Located in the heart of the King Abdullah Financial District, Riyadh’s landmark urban development, the hotel will feature 210 guestrooms, including 17 suites, two penthouses, and the W Penthouse.
