Saudi Arabia’s KAUST collaborates with 2 Chinese companies
Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) has signed an agreement with two Chinese companies for a project to manufacture environmentally friendly green plastic. This project will utilize KAUST-developed technology based on high-mass aliphatic polycarbonate compounds. The experimental phase for this plastic is expected to take two years before commencing commercial production, […]
Omani Delegation visits Saudi Economic Cities & Special Zones Authority
The Saudi Economic Cities and Special Zones Authority has welcomed a delegation from the Public Authority for Special Economic Zones and Free Zones in the Sultanate of Oman. The purpose of the visit was to strengthen cooperation, exchange knowledge, and share expertise between the two parties. The Omani delegation, led by Dr. Ali bin Masoud […]
Saudi’s stc Group bags Forbes Middle East Sustainability Leaders Award
stc Group, the Saudi enabler of digital transformation, won the Forbes Middle East Sustainability Leaders Award. This achievement recognizes its efforts to reduce carbon emissions and promote sustainable practices in four areas related to climate, society, digitalization, and the future of work. The award represents a testimony to stc Group’s commitment to sustainable business practices, […]
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, […]