#Saudi Arabia

PIF launches Al Balad Development Company to develop Jeddha Historic District Image courtesy PIF X

Saudi’s PIF sets up Al Balad Development Company to transform Jeddah’s historic district

The company will follow leading urban planning and environmental sustainability standards to preserve the area’s unique heritage

EFG Holding’s Valu to launch in Jordan in early 2024

EFG Holding’s Valu to launch in Jordan in early 2024

The fintech firm said its expansion into Jordan is at an advanced preparation stage

Saudia rebrands

Saudia rebrands for a ‘tech-driven future’: Take a look at the new colours, logo

The new colours hold deep symbolism representing the authenticity of the Saudi identity

Saudi unemployment plunges to 4.9% in Q2 2023

Saudi unemployment plunges to 4.9% in Q2 2023

The unemployment rate for female citizens fell to 15.7 per cent, from 19.3 per cent a year ago

Aramco acquires stake in EIG’s MidOcean Energy

Aramco enters global LNG market with stake in MidOcean Energy

The energy firm has the option to increase its shareholding and associated rights in the future

BAT-alexandre ghanem

Insights: Transforming for a better tomorrow

A collaborative and stakeholder inclusive approach is required to further advance the concept of tobacco harm reduction in the kingdom

Lucid opens Saudi Arabia’s first car production facility

Lucid opens Saudi Arabia’s first car production facility

The new facility will assemble Lucid Airs, with an initial capacity to produce 5,000 units a year

SFD _Saudi fund for development and AIIB sign contribution agreement

Saudi’s SFD to contribute $10m towards development projects in Asia

Since 1975, SFD has funded more than 700 development projects worth $18.7bn in over 90 countries around the world

EFG Hermes concludes advisory on Lumi Rental’s $290m IPO

EFG Hermes concludes advisory on Lumi Rental’s $290m IPO

The offering marks EFG Hermes’ fifth IPO this year and is the latest in a series of transactions the investment bank has advised on in the GCC region

Saudi Arabia’s SAL Logistics IPO could fetch $678m

Saudi Arabia’s SAL Logistics seeks to raise $678m from IPO

The logistics firm set the price range at SAR98 and SAR106 per share, implying a market capitalisation on listing of as much as SAR8.5bn

Marriott announces two new properties in NEOM’s Trojena (Image: Supplied by NEOM)

Marriott announces two new properties in NEOM’s Trojena

It will include Saudi Arabia’s first W Hotel and a JW Marriott property too

Value of MENA’s hotel, residential projects top $1.9tn

Value of MENA’s hotel, residential projects top $1.9tn

The influx of new hospitality and tourism-related projects in the region is fostering new trends that add value and efficiency

IMF on Saudi Arabia economy

Saudi economy enters trillion dollar club: report

According to the IMF, the Saudi economy was the fastest growing among the Group of Twenty (G20) member states in 2022

Saudi Arabia

Saudi Arabia to mark National Day 2023: Date, theme, significance and celebrations

Saudi National Day is celebrated to mark the unification of Hejaz and Najd into  one unified kingdom

Mohammed bin Salman

Saudi Crown Prince Mohammed bin Salman’s interview with Fox News: US, Israel, golf and more

The interview conducted by TV host Bret Baier touched upon a range of international issues

Saudi’s flyadeal takes possession of 30th aircraft (Image: Supplied by flyadeal)

Saudi’s flyadeal takes possession of 30th aircraft

The 186-seat A320 neo aircraft is offered in a 3-3 all-economy class configuration

Amer Kharbush shines the spotlight on ROSHN’s design philosophy

Exclusive: Amer Kharbush shines the spotlight on ROSHN’s design philosophy

The group’s head of programme and project management tells Gulf Business that MARAFY is an example of the company’s approach to integrated community development

Saudi Aramco to acquire Chile’s Esmax Distribusción

Saudi Aramco to acquire Chile’s Esmax Distribusción

The transaction will give Aramco access to retail fuel stations, airport operations, fuel distribution terminals and a lubricant blending plant

ACWA Power Chairman Mohammad Abunayyan

Saudi’s ACWA Power inks clean energy deals with Chinese firms

In the past, the energy company has partnered successfully with Chinese companies in installing the largest wind turbine in Central Asia among other projects

Tanmiah, Ukraine’s MHP invest in poultry value chain

Ukraine’s MHP, Tanmiah invest in Saudi Arabia’s poultry value chain

The partnership is expected to significantly boost food security and self-sufficiency in poultry products in Saudi Arabia

Marriott’s Autograph Collection to open in AlUla (Image: Supplied by Marriott International)

Marriott’s Autograph Collection to open in AlUla

The new hotel is set to open in 2025 and will be located in downtown AlUla

Saudia becomes first airline to opeerate to and from Red_Sea International Airport Image Red Sea Global

SAUDIA to be first airline to operate services to Red Sea International airport

The airport is set to open this year along with the first three resorts at The Red Sea destination

SAL Saudi Logistics IPO

SAL Saudi Logistics to sell 30% stake via IPO on local bourse

The shareholders are offering 24 million shares in the cargo firm, equivalent to 30 per cent of the paid-up capital post-listing

Saudi Arabia-India trade

Saudi Arabia to open investment office in India

Saudi minister said the government will send a delegation to India to look into the feasibility of opening such an office

Saudi Arabia - India meet

Saudi Arabia, India sign 47 MoUs during Crown Prince Mohamed bin Salman’s state visit

Saudi Arabia and India have signed a bilateral agreement to bolster the investment climate in both countries

saudi-india-meet cricket

Saudi Crown Prince Mohamed bin Salman, Indian PM Modi to meet: Trade, connectivity, defence on agenda

The two leaders will discuss all aspects of the bilateral including political, security, defence, economic, cultural and people-to-people ties

Brands For Less

IQ Robotics, Brands For Less Group unveil multi-million-dirham robotics transformation

Marking its fourth collaborative robotics transformation, the agreement aims to facilitate BFL Group’s expansion into Saudi Arabia

Abu Dhabi’s ICON unveils new brand identity

ICON set to launch new brand identity, opens office in Saudi Arabia

The new brand identity is designed to reflect the innovative company’s global vision

ROSHN joins UN Global Compact Image ROSHN

This is the first Saudi giga project to join UN Global Compact

Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world

Saudi real estate - EJAR

Saudi Arabia’s real estate, infrastructure projects hit $1.25tn

NEOM, the $500bn megacity, is progressing rapidly, with $70bn of projects now awarded, 45 per cent of which has been completed