Saudi Arabia invests over $800bln in tourism sector: minister
Minister of Tourism Ahmed bin Aqeel Al-Khateeb stressed that the Kingdom of Saudi Arabia is the fastest growing among the Group of Twenty (G20) countries in the tourism sector, as the number of tourists in the Kingdom has reached more than 30 million. He added that this represents 40% of the targeted number of tourists, […]
Saudi: SPPC announces winning bidders for Taiba-1, Taiba-2, Qassim-1, and Qassim-2 Conventional IPPs projects
The Saudi Power Procurement Company (SPPC) announced the winning bidders for the Taiba-1, Taiba-2, Qassim-1, and Qassim-2 Conventional IPPs projects. These Conventional IPP projects are part of the energy mix plan, which is under the supervision of the Ministry of Energy, the energy mix plan aims to meet the future load demand of the electrical […]
Royal Commission for AlUla signs Digital Venture deals with Artefact, Dassault
The Royal Commission for AlUla (RCU) signed two cooperation agreements with the global companies Artefact and Dassault Systemes in the fields of data analysis and digital modelling solutions, aimed at supporting comprehensive and sustainable development in AlUla. The signing ceremony was held on the sidelines of the Future Investment Initiative Forum. The agreements aim to […]
2023 World Combat Games: Prince Fahd bin Jalawi crowns Jujitsu winners, 11 medals go to Saudi Arabia
Vice President of the Saudi Olympic and Paralympic Committee (SOPC) and director of the 2023 World Combat Games Prince Fahd bin Jalawi crowned Tuesday Emirati Hamad Al Qubaisi with gold in the under-85 kg category at the conclusion of the first day of the Jujitsu competitions, held at the King Saud University Arena. Saudi Omar […]
Four Seasons Resort: Red Sea Global, Kingdom Holding sign SAR2bn joint venture
Red Sea Global (RSG), the driving force behind the ambitious regenerative tourism destinations, The Red Sea and Amaala, has confirmed the successful closure of a SAR2bn Joint Venture (JV) with Kingdom Holding Company (KHC), a leading global investment firm headquartered in Saudi Arabia. The collaborative venture, with RSG and KHC sharing equal stakes, is set […]
Democrance expands footprint in Saudi Arabia
Democrance, the global InsurTech firm with a mission to make insurance accessible and affordable for those who need it most, has announced a bold expansion strategy in Saudi Arabia following the launch of the company’s Riyadh headquarters. Supported by investment from Wa’ed Ventures, the Kingdom-based venture capital arm of Saudi Aramco, and long-time partner Global […]
Saudi NEOM launches its strategic investment subsidiary NIF
NEOM has inaugurated its strategic investment arm, the NEOM Investment Fund (NIF), which is set up to support the buildout and development of NEOM’s 14 priority sectors and deliver long-term value while enabling the creation of jobs in the futuristic city. NIF will invest globally through Mergers & Acquisitions and venture capital in technology startups, […]
Aramco & ENOWA to establish synthetic e-fuel demonstration facility
Saudi Aramco, a global integrated energy and chemicals company, and ENOWA, NEOM’s energy and water company, have signed a joint development agreement to construct and establish a first-of-its-kind synthetic electro-fuel demonstration plant. It will be located in ENOWA’s Hydrogen Innovation and Development Center (HIDC) and aims to demonstrate technical feasibility and commercial viability by producing […]