Saudi Arabia launches National Biobank
Health Minister and Chairman of the Board of Directors of the Public Health Authority (Weqaya) Fahad Al-Jalajel inaugurated the National Biobank in Saudi Arabia. Al-Jalajel said that this project is one of the important milestones in raising the efficiency and effectiveness of the infrastructure of public health systems in the Kingdom. “It will further enhance […]
NCM forecast: Most Saudi regions to witness weather fluctuations in coming days
The National Center of Meteorology (NCM) issued an alert about the possibility of weather fluctuations in most regions of Saudi Arabia from Wednesday until Friday. NCM expects that the inclement weather will be accompanied by thunderstorms, hails, and dust that could lead to low visibility. The center said that parts of the regions of Makkah, […]
Australia extends F1 deal, Saudi Arabia to open 2024 season
The Australian Grand Prix will remain in Melbourne until at least 2037 with a new deal to be the season-opening race on at least four occasions and Saudi Arabia to kick off the 2024 campaign, the Victoria state government said on Thursday. The deal for a further two years at Albert Park follows a 10-year […]
3.6mln Saudi homes under fiber optics coverage, penetration rate crosses 60%
Governor of the Communications, Space and Technology Commission (CST) Dr. Mohammed Altamimi has said the commission is striving to stimulate investment and enhance positive competitiveness in the information technology market and emerging technologies through a solid infrastructure that contributed to covering more than 3.6 million homes in the Kingdom with optical fibers. Altamimi […]
BRI: China and Saudi Arabia to cooperate on 7 projects worth $1bln
Seven China-Saudi Arabia cooperative projects worth $1 billion were signed at the sidelines of the first China-Gulf Cooperation Council (GCC) summit held recently in Riyadh, Saudi Silk Road Industrial Service (SSRIS) said in a press statement. The agreements focusing on automobile manufacturing, new materials, intelligent equipment, and food sectors were signed at an investment conference […]
Hilton plans to grow its Saudi portfolio to 75 hotels
Hilton has announced a strategic partnership with the Saudi Tourism Development Fund (TDF), as well as agreements with several public and private developers for new hotels in destinations across Saudi Arabia during the recent World Travel & Tourism Council (WTTC) Global Summit in Riyadh. In the coming years, Hilton expects to grow its portfolio to […]
Saudi inflation rate eases to 2.9% in November
Saudi Arabia’s annual inflation rate eased to 2.9% in November from 3% in October, government data showed on Thursday, with price rises driven mainly by housing costs. Consumer prices increased slightly by 0.1% compared to October, Saudi Arabia’s General Authority for Statistics said. Housing rents rose by 5.4%, pushing the overall increase in housing, […]
Roshn acquires Riyadh Front, boosts footprint in Saudi capital
Roshn, a leading Saudi real estate developer powered by Public Investment Fund (PIF), has expanded its footprint in the capital by acquiring Riyadh Front’s shopping and business areas, located adjacent to its flagship development, Sedra. The purchase of existing commercial and retail space from Riyadh Front Company is a first for Roshn, and the latest […]
Saudi Arabia imports 12.4mln mobile devices in 2021
The size of the importing mobile communications devices market in Saudi Arabia exceeded SR20 billion in 2021, as 12.4 million devices have been imported, the Communications, Space and Technology Commission revealed. The statistics report issued by the commission clarified that among more than 53 million devices connected to the network, thre are 40 million smartphones. […]
Saudi’s Red Sea International bags $51mln contract to build housing complex in Al Ula
Red Sea International Co. has signed a contract with the Royal Commission for Al Ula (RCU) to develop an integrated housing complex in AlUla for 192.01 million Saudi riyals ($51.06 million), the company said in a statement published on the Saudi stock exchange. The 12-month contract includes the design, construction, supply and installation of modular, […]