Saudi city of future enlists Dutch help to grow crops in desert
Saudi Arabia is teaming up with a Dutch greenhouse company to create ‘a synthetic climate’ to make the desert bloom. It’s carving out an area the size of some 15 soccer fields to form a horticulture oasis on the outskirts of Neom, an entirely new city being built on the Red Sea coast that extends […]
Saudi wealth fund takes $15.6bn hit from SoftBank and tech
Saudi Arabia’s sovereign wealth fund reported a $15.6bn comprehensive loss for 2022 after the value of its investments in SoftBank Vision Fund plunged and other tech ventures were hit by a market downturn. The Public Investment Fund, or PIF, made an income of $25.4bn the year before, according to an annual financial report published Sunday. […]
Interval Plus CrossFit expands its Saudi presence with new branch
Interval Plus CrossFit has expanded its fitness community with the opening of its new branches in Khobar, Saudi Arabia. The newest facilities mark a significant milestone in Interval Plus’s journey to empower athletes and promote a healthier and stronger community across the Kingdom of Saudi Arabia. Interval Plus CrossFit aims to extend its reach and […]
Saudi & Turkish companies sign deals to localize drone industry
Under the patronage of Minister of Defense, Prince Khalid bin Salman bin Abdulaziz, several Saudi companies specialized in military and defense industries, and Turkish defense companies have signed an agreement and two memorandums of understanding (MoUs) in order to localize the drone industry and its component systems within the Kingdom. The agreement and MoUs are […]