Dar Global, an international luxury real estate developer, has concluded a high-level strategic engagement in China, reinforcing its commitment to expanding cross-border investment partnerships as Saudi Arabia’s real estate market opens to foreign non-resident investors.
The General Authority for Civil Aviation (GACA) has granted AirX Charter the licence to operate private charter flights within Saudi Arabia after the company met all regulatory standards and aviation safety requirements. With this GACA nod, AirX will be able to launch operations to all airports in the kingdom.
flynas,a low-cost airline in Middle East, announced the launch of its Dispatcher Cadet Programme to empower ambitious Saudi nationals in the aviation industry. The programme spans 6 months, offering intensive, hands-on training tailored for candidates who already hold a Flight Dispatcher License, preparing them to work to the highest global operational standards in the aviation industry.
Riyadh Air has launched its First Officer Scholarship Programme with guaranteed employment, creating a new pathway for Saudi nationals to train, qualify, and return home prepared to operate the airline’s Boeing and Airbus fleet as First Officer Pilots.
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.
