Oil activities in the third quarter increased 14.2 per cent year-on-year
The region’s construction sector is prioritising sustainability, with some of the upcoming developments employing eco-friendly techniques
The funding round will help Black Sheep Foods scale up production for its debut lamb made from plants
The partnership also covers cooperation in the fields of artificial intelligence, advanced computing and quantum information technology
The agreements covered sectors like green energy, green hydrogen, photovoltaic energy, information technology, cloud services, transportation, logistics, medical industries, housing and construction factories
Revenues are now set to reach SAR1.13tn, slightly more than projected earlier
Construction output growth in Saudi Arabia is anticipated to rise by 3.2 per cent in 2022, with a further annual average growth rate (AAGR) of 4 per cent between 2023 to 2026 as indicated by Global Data
The project will contribute to the diversification of the local economy and will be a source of investment for the region
The full rebrand brings together all operating companies under the Cenomi brand
Alqahtani will have oversight of the bank’s business activities regulated by the Saudi Central Bank
Sindalah will feature a 86-berth marina, while offshore buoys will house superyachts
A Saudi bid to host the World Cup would add to the list of sporting events the world’s largest oil exporter is hosting
The new investment arm will attract local and foreign direct investment to develop the Aseer region
The 2,060MW solar plant is set to be developed in Saudi Arabia’s Makkah province
Public Investment Fund raised the seven-year loan from a syndicate of 25 banks in Europe, the US, the Middle East and Asia
Saudi Arabia-based National Housing Company is helping redefine the local real estate landscape, their CEO Mohammed Bin Saleh Albuty, tells us more about it
Construction on the site, which is near a major Red Sea trading port, will start early next year
The airport is expected to accommodate up to 185 million passengers and process 3.5 million tons of cargo by 2050
The company is planning to sell 50 million shares, or a nearly 30 per cent stake
Crude has declined this month, overturning the gains made in October
Saudi Aramco is aiming to sell 50 million shares – a 29.7 per cent stake – in the company
The plant, set to open in 2025, will serve Saudi Arabia and export markets in the Middle East and North Africa
Americana will be the first company to have its shares traded in both Riyadh and Abu Dhabi
The Public Investment Fund is in talks with Singapore’s GIC Pte to jointly fund up to 800bn won ($591m) ahead of Kakao Entertainment’s initial public offering due next year
The purchase agreements with local and global manufacturers are valued at $11bn, and will reinforce supply chain resilience
Saudi Arabia stunned Argentina in a 2-1 win, to mark an unprecedented entry into the football tournament
A consortium that includes Abu Dhabi’s Masdar and Infinity Power Holdings will finish building the 10-gigawatt onshore plant by 2030
In his last role, DeLuca led VinFast, Vietnam’s first domestic automobile brand
A total of 26 memorandums of understanding have been signed for cooperation on projects
Much of the gas for Aramco’s blue hydrogen will come from Saudi Arabia’s massive Jafurah field