Red Sea Global, the Saudi developer behind regenerative tourism destinations Amaala and The Red Sea, has joined hands with Bunat Ventures (Bunat VC) to launch an investment fund - a first of its kind in the kingdom - dedicated exclusively to empowering startups specialised in artificial-intelligence (AI) technologies.
Qatar Airways marked the launch of three non-stop weekly flights between Hamad International Airport (DOH) in Qatar and Hail International Airport (HAS), its 13th destination in Saudi Arabia.
Saudi Arabia's Minister of Finance and Chairman of the National Debt Management Center (NDMC) Mohammed Aljadaan has approved the annual borrowing plan for the fiscal year 2026, following its endorsement by the Board of Directors of NDMC.
Construction is progressing on more than 400 shopping and dining outlets at Diriyah Square in Diriyah, The City of Earth, in Saudi Arabia, Diriyah Company has said.
Southern Province Cement has announced that steady progress is being made on its new cement plant in the Saudi city of Jazan with work on most phases of the clinker production line already completed. The commercial operations are set to begin later this year.
Saudi Arabia’s service exports totaled SAR58.2 billion ($15.5 billion) during the third quarter of 2025, mainly led by the travel services sector with the lion’s share of SAR33.8 billion ($9 billion), followed by the transport services sector, said a report.
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.
