Ireland-based Kerten Hospitality to operate the House Residence in OXAGON
Ireland-based leading hospitality investment firm Kerten Hospitality has entered into a partnership in order to operate the House Residence in NEOM’S OXAGON. According to the statement, Kerten Hospitality will enter its House Residence brand in OXAGON, home to advanced and clean industries in NEOM. This move will further Kerten Hospitality’s ambitious expansion across the Kingdom […]
FedEx Express improves International Priority Service in UAE & Saudi Arabia
FedEx Express, a subsidiary of FedEx Corp. and the world’s largest express transportation company, has enhanced its International Priority (IP) service in an effort to improve the efficiency of goods circulation and enable customers to seize global opportunities. The improvement to the IP service is FedEx’s latest effort to continuously optimize its portfolio of cross-border […]
PIF establishes Al Madinah Heritage Company to increase Ajwa dates production
The Saudi Public Investment Fund (PIF) has established Al Madinah Heritage Company (MHC), to improve the quality and production capacity of Ajwa dates in the Madinah region. The launch of the new company will help further develop the Saudi Food and Agriculture industry and drive the diversification of Saudi Arabia’s economy, in line with Vision […]
Rawabi closes Saudi’s largest private sector syndicated financing of $2bn
Rawabi Energy and its subsidiaries have concluded the financial close of $2 billion Syndicated multi-currency senior secured term and revolving SAR and USD facilities, marking one of the largest private sector syndicated financing in the Kingdom of Saudi Arabia. Led by strong market demand, the landmark Transaction was oversubscribed by 1.33x, reinforcing confidence in the Kingdom’s […]
THE LINE: A future awe-inspiring ‘Linear Smartcity’ in Saudi Arabia’s NEOM
A city with no cars, streets, or carbon emissions. Can you imagine it? Then, Saudi Arabia’s upcoming city, THE LINE, is making it possible. THE LINE is a linear smart city stretching across 170 kilometers, from the epic mountains of NEOM across inspirational desert valleys to the beautiful Red Sea. It is one of the […]
Saudi Aramco completes purchase of Rongsheng Petrochemical stake
Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully closed a landmark transaction to acquire a 10 percent interest in Rongsheng Petrochemical for $3.4 billion, through its subsidiary Aramco Overseas Company BV, based in the Netherlands. The acquisition follows the signing of definitive strategic agreements by both parties announced earlier […]
Saudi Ministry launches competition to support agricultural development goals
The Saudi Arabian Ministry of Environment, Water, and Agriculture (MEWA) has launched the “Agriculture Hackathon,” to drive creativity and innovation within the agricultural domain.The event seeks to develop digital solutions, platforms, and applications that strategically address the concerns in the sector, fostering a healthy agriculture ecosystem in line with Saudi Arabia’s Vision 2030 objectives. Furthermore, […]
OQ Technology strikes new MoU with Saudi Aramco to strengthen ties
OQ Technology, the world’s first satellite 5G IoT operator, has signed a memorandum of understanding (MoU) with Saudi Aramco in order to further strengthen their existing collaboration and expand Satellite IoT services and solutions for connecting Aramco’s Intelligent Integrated Node (IIN) technology. The new MoU will create investment opportunities by converging automation and connectivity technologies, […]
Saudi Arabia’s energy minister visits world’s first liquefied hydrogen carrier ship at Jeddah Port
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman visited the world’s first liquefied hydrogen carrier ship at Jeddah Islamic Port, reported the Saudi Press Agency (SPA). He was accompanied by the kingdom’s Minister of Investment Khalid bin Abdulaziz Al-Falih. The ministers were briefed on the innovative technologies deployed to build the liquified hydrogen carrier Suiso […]
Saudi’s Riyadh Air to build first simulator centre at Prince Sultan University
Riyadh Air has signed a memorandum of understanding (MoU) with Prince Sultan University (PSU) as part of its wider initiatives to prepare the future generation of aviation professionals in Saudi Arabia, including the recent launch of its first graduate programme. Fresh graduates enrolled in the graduate programme will receive training from experts in the field, […]