SHARAKAT has honoured winners across nine categories at the fourth edition of the SHARAKAT Awards 2026, recognising projects and partners contributing to the development and sustainability of Saudi Arabia’s water sector.
In the first half of 2025, the Madinah Region led Saudi Arabia in hotel occupancy rates at 74.7%. An economic report revealed an average daily rate of SAR 538 ($143.45) and revenue per available room reaching SAR 402, highlighting significant growth in tourism.
Acwa Power has announced that its key affiliate - Hajar Two Electricity - has achieved a SAR10.8 billion ($2.9 billion) financial close for Qurayyah CCGT IPP Expansion Project in the Eastern Province of Saudi Arabia. Once operational, it will boast a 3,010MW capacity.
The Future Investment Initiative (FII) Institute has postponed the 10th edition of its flagship conference, themed "The Power of Legacy," which was scheduled to take place in Riyadh from October 26 to 29, 2026, to next year.
Saudi Arabia has approved the first batch of 19 hospitality projects expected to attract SAR6.7 billion ($1.8 billion) in investment and create more than 17,000 jobs across five high-potential tourism destinations, as the Kingdom seeks to expand its tourism infrastructure ahead of major international events.
From royal palaces and luxury hotels to airports and high-speed rail, Portuguese Natural Stone is already part of some of Saudi Arabia’s most prestigious architectural projects, combining aesthetic distinction with technical precision and long-term performance
The inaugural edition of FIBO Arabia, the Mena region’s international exhibition for health, fitness, and wellness, concluded last week, welcoming 12,399 regional and international visitors to the three-day showcase, which took place at the Riyadh Front Exhibition & Conference Centre, Saudi Arabia.
Kelton, the specialist energy industry consultancy firm, has signed an exclusive agency agreement with AWJ Energy, a Saudi Arabian firm. Under this strategic partnership, AWJ Energy will act as Kelton’s in-country representative in Saudi Arabia.
Raimondi Cranes has appointed Ahmad Shakkour as its new Branch Manager for Saudi Arabia. An industry veteran, Shakkour has two decades of experience in the tower crane sector and brings extensive technical expertise to his new position.
The Sustainable Agricultural Rural Development Programme (Saudi Reef) has provided more than SR1.2 billion ($320 million) in support to over 34,000 beneficiaries in Jazan Region.
