Qiddiya giga-project set to propel Saudi Arabia’s entertainment sector
The cultural landscape of Saudi Arabia is being enriched as the entertainment sector undergoes significant expansion. The ambitious Saudi Vision 2030, which strives to diversify the economy and increase global engagement, is the driving force behind this broader cultural transformation. One prime example of the Kingdom’s initiatives aimed at propelling the entertainment sector is the […]
Saudi municipalities offer 57 investment opportunities across commercial and residential sectors
Saudi Arabia’s Hail, Qassim, and Asir municipalities have unveiled 57 new investment opportunities across entertainment, sports, commercial, and residential sectors, aimed at boosting economic growth and supporting the private sector. These initiatives are intended to enhance service levels, improve quality of life, boost regional investment, and increase municipal revenues, the Saudi Press Agency reported. This […]
ACWA Power’s net profit surges 35 percent to $274m in H1
Saudi utility giant ACWA Power reported a 35.46 percent increase in net profit for the first half of 2024, reaching SR926.79 million ($246.94 million), compared to the same period last year. In a statement to the Saudi Stock Exchange, the company attributed the earnings rise to higher gross profit, driven by increased revenues, as well […]
Flash flood kills one in Saudi Arabia’s Jazan
A flash flood from the mountains of southwestern Saudi Arabia swept away part of a bridge in Jazan province, killing one person on Saturday, Al-Ekhbariya reported. The news channel aired images of two vehicles caught up in the floodwaters, one of them crushed by a collapsed bridge support. It said several people were also injured […]
Saudi king, crown prince offer condolences to Indian president after Kerala landslides
Saudi Arabia’s king and crown prince offered their condolences on Saturday to Indian President Droupadi Murmu after landslides set off by torrential rains killed over 300 people in Kerala. In separate cables of condolences to Murmu, King Salman and Crown Prince Mohammed bin Salman said they hoped that the missing would return safely and wished […]