Saudi Arabia will host the second TOURISE Summit in Riyadh from March 23-25, 2027, under the theme “Alliances That Move the World,” Tourism Minister and TOURISE Chairman Ahmed Al-Khateeb announced, under the patronage of Crown Prince Mohammed bin Salman.
Saudi authorities have announced the opening of several newly developed lanes along the Third Ring Road and Prince Saud Al Faisal Road following a major expansion programme. The scope of work includes an additional 1.5-km stretch on the Third Ring Road that will help cut travel times by over 90%.
Saudi Arabia, Türkiye and Pakistan are moving to deepen military coordination as Houthi attacks on the kingdom intensify, with the three countries preparing an urgent meeting of their chiefs of staff under a newly signed joint defence pact.
The Monaco Yacht Show (MYS) is taking its vision for yachting beyond Monaco with the debut of The Red Sea Yacht Show in Jeddah in October next year.
Saudi Arabia has achieved advanced global rankings in indicators related to the Ministry of Commerce in the 2026 IMD World Competitiveness Yearbook.
The construction cost index in Saudi Arabia’s rose 2.3% year-on-year in August, driven by higher costs in both the residential and non-residential sectors. The construction costs in the residential sector surged 2.1% from a year earlier, while costs in the non-residential sector were up 2.6%.
Dar Global, a leading luxury real estate developer, is reinforcing its commitment to the region's fastest-growing real estate markets by highlighting its flagship residential portfolio across Saudi Arabia and Qatar.
Saudi Arabia is experiencing a significant surge in domestic tourism ahead of the upcoming National Day, with travel platform Wego reporting a 42% spike in domestic flight searches and a 62% increase in hotel searches year-on-year.
Desert Rock Resort has become the first resort in Saudi Arabia to receive Three MICHELIN Keys, the highest distinction in The MICHELIN Guide’s global hotel selection. Red Sea property Shebara Resort has retained its Two MICHELIN Keys in the 2026 selection.
Oil prices fell more than 2% on Monday to their lowest levels in more than a week as hopes for renewed US-Iran diplomacy reduced some of the geopolitical risk premium, while President Donald Trump signalled he could meet Iranian President Masoud Pezeshkian but warned Tehran that much bigger action could follow if it did not change course.
