Red Sea Global (RSG), a leading developer powered by Saudi PIF, has secured a SAR6.5 billion ($1.73 billion) funding for its ultra-luxury wellness destination, Amaala, featuring more than 1,400 hotel rooms across eight different resorts.
The growth trajectory of Saudi Arabia’s asset management industry (AMI) is expected to continue with its AUM projected to exceed $400 billion in 2026, maintaining the kingdom’s lead in the GCC region, according to Fitch Ratings.
President of Saudi Arabia General Authority of Civil Aviation (GACA) Abdulaziz Al-Duailej and Cuba’s Ambassador to the Kingdom of Saudi Arabia Miguel Porto Parga signed an agreement on air transport services between the governments of Saudi Arabia and Cuba at GACA’s headquarters in Riyadh.
EICT, a leading Saudi Arabian ICT and systems integration company, has officially launched the IO by HFCL portfolio of enterprise Wi-Fi and networking solutions in Saudi Arabia.
Hilton has surpassed the milestone of 100 hotels trading and in the pipeline in Saudi Arabia – representing a combined investment of $8 billion from hotel owners and investors into Hilton’s growing portfolio, and underscoring the company’s long-term commitment to supporting Vision 2030 by expanding its footprint and delivering world-class hospitality throughout the Kingdom.
Amid a rapidly shifting global landscape defined by geopolitical uncertainty, climate change and tech disruption, Generative AI and innovation-led 'Engine 2' business models are emerging as major drivers of resilience across the region, says a new study.
Krank, a global heavy equipment trading technology firm, has made its Middle East debut through a strategic partnership with Saudi group Dayim, unveiling the Dayim Marketplace - a fully integrated heavy equipment trading platform for the region.
Saudi Arabian Mining Company (Maaden) has announced that it has awarded a major engineering, procurement and construction management (EPCM) contract worth SAR391 million ($104.3 million) to Bechtel for its Ar Rjum gold mine.
Baker Hughes has announced that it has secured a major contract from oil giant Aramco to expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order was booked in the third quarter.
Bahrain and Saudi Arabia have signed an agreement to facilitate certification of origin procedures for Bahrain’s industrial exports to the Saudi Arabia.
