Saudi telco stc Group has secured the tender for the SAR3 billion ($800 million) Silklink project from the Syrian government that involves the setting up of a 4,500 km fibre-optic network across the country, as well as establishing data centres and international subsea cable landing stations.
Saleh Abdulaziz Al Rashed & Sons, a leading provider of construction materials, mining and industrial spare-parts solutions based in Saudi Arabia, has set a price range of up to SAR45 ($12) per share for its initial public offering (IPO) and launched the institutional book-building period.
IBM said it has collaborated with Riyadh Air to set up the world’s first AI-native airline. Designed from the ground up without legacy patchwork, these AI-driven operations provide the foundation to transform guest and employee experiences.
ACWA Power and Bapco Energies signed a Joint Development Agreement to develop a multi-phase 2.8 GW solar plant with large battery storage in Saudi Arabia. Announced at the 2025 Saudi–Bahraini Coordination Council meeting, the project will supply Bahrain’s grid and support its renewable energy transition.
Saudi Arabia’s Ministry of Investment has granted HSBC a Regional Headquarters (RHQ) licence for its Capital Markets and Advisory business, bolstering the bank’s presence in the kingdom as it expands its investment banking operations across the Middle East.
The Myriad, a top-tier student living brand, is looking at developing a series of student communities across Saudi Arabia as part of its regional expansion strategy. It is represented in KSA by the Dedicated Housing Company, a SAR2 billion ($533 million) fund JV.
Saudi-based Alhani Construction said work is in full swing on the landmark Aramco Stadium project in Khobar and will be completed in time for AFC Asia Cup 2027. It is being built in collaboration with Besix Construct-Albawani JV.
The Global Investors Forum (GIF 2025) closed its sessions in capital Tbilisi, with the launch of a new Saudi-Georgian platform that will open new horizons for cross-continental economic co-operation and help reshape future of GCC investment in Eurasian markets.
Leading Saudi flour production company Fourth Milling Company (MC4) said it has broken ground on its new production facility at Al Kharj region of the kingdom. This comes as part of its SAR265 million ($71 million) expansion project.
Diriyah Company, a dynamic mixed-use developer transforming Saudi Arabia's historic birthplace into a vibrant new capital of culture, has appointed Knight Frank to provide consultancy, and tenant selection services for its Media and Innovation District.
