Albanian Embassy in Riyadh, Saudi Arabia

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Albanian Embassy in Riyadh, Saudi Arabia

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UAE, Saudi Arabia sign pact to avoid double taxation

May 24, 2018

The UAE represented by the Ministry of Finance (MoF) has signed an agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion with respect to taxes on income and capital with Saudi A... View more

Saudi Arabia unveils new mosque construction code

May 24, 2018

Saudi Arabia has implemented a new mosque construction code as part of its efforts to streamline the building of mosques in the kingdom according to a report. This code will be vital for the design li... View more

Fashion Forward Dubai pop-up store returns to Saudi Arabia

May 23, 2018

Fashion Forward Dubai (FFWD) the Middle East s definitive fashion platform returns to Saudi Arabia for a second edition of its Pop-up outlet in the kingdom s leading department store Rubaiyat in Jedda... View more

Accenture names managing director for Saudi Arabia

May 16, 2018

Accenture a leading global professional services company providing a range of strategy consulting digital technology and operations solutions has appointed Khaled Al Dhaher as its country managing dir... View more

Saudi Arabia to host global health exhibition

May 16, 2018

More than 10 000 industry professionals from across the globe are expected to take part in the upcoming Global Health Exhibition a premier healthcare networking platform in Riyadh Saudi Arabia. Launch... View more

Vox signs deal to bring Imax screens to Saudi Arabia

May 15, 2018

US-based Imax Corporation and Dubai s Vox Cinemas the Middle East s largest and most rapidly growing cinema exhibitor have announced a sales agreement for a minimum of four new Imax theatres in Saudi ... View more

Savage Saudi Arabia delivers locomotives to Aramco projects

May 15, 2018

Savage Saudi Arabia a leading provider of services for refineries in the kingdom has delivered a total of seven locomotives and two locomotive booster units from the US to Saudi Arabia s Eastern and N... View more

'Roberto Cavalli villas' to come up in Saudi Arabia

May 14, 2018

Dar Al Arkan a leading real estate developer in Saudi Arabia has announced the launch of its SR600-million ( 160 million) Mirabilia upscale residential villas within the Shams Ar Riyadh development. S... View more

Saudi Arabia aims to develop six new toll roads

May 14, 2018

Saudi Arabia is set to convert part of its highway system into toll roads to help make its transport system more efficient under its new reform programme. Draft plans for this project may be ready in ... View more

Saudi Arabia equity market set for strong rally

May 13, 2018

The Saudi equity market is gaining momentum as it heads for possible inclusion in MSCI s influential emerging market index in 2018 following the FTSE upgrade as an emerging market last month said an i... View more

Shuaa names CEO of Gulf Finance Saudi Arabia

May 13, 2018

Shuaa Capital a UAE-based integrated financial services Group has announced the appointment of Atif Al Othri as chief executive officer of its fully owned Shari ah compliant business financing arm Gul... View more

Kuwait inks air freight services MoU with Saudi Arabia

May 10, 2018

The civil aviation authorities in Kuwait and Saudi Arabia on Wednesday signed a memorandum of understanding (MoU) including among several items increasing flights to some Saudi cities a report said. A... View more

Online travel to witness a major rise in Saudi Arabia

May 10, 2018

Online trends are shaping the future of Saudi Arabia s travel industry which has witnessed a significant increase in mobile bookings across the kingdom. Mobile bookings across Saudi Arabia skyrocketed... View more

Saudi Arabia ‘committed to oil market stability’

May 9, 2018

Saudi Arabia remains committed to supporting the stability of oil markets benefiting producers and consumers alike and to sustaining growth in the global economy said an official from the kingdom s Mi... View more

Moody's launches operations in Saudi Arabia

May 8, 2018

Moody s Investors Service today (May 8) announced that it has officially started its operations in the Saudi Arabia. The launch of Moody s Saudi operations reinforces its ongoing commitment to the dev... View more

Shuaa to launch real estate funds in Saudi Arabia

May 8, 2018

Shuaa Capital the UAE-based integrated financial services group and Jabal Omar Development Company (JODC) one of the largest publicly-listed real estate companies in Saudi Arabia have signed an MoU to... View more

Saudi Arabia expands its presence at IMEX

May 3, 2018

The Saudi Exhibition & Convention Bureau (SECB) is following up its successful venture in 2017 to market the country as a destination for international meetings conventions and exhibitions by increasi... View more

Saudi Arabia witnessing 'major economic transformation'

May 2, 2018

Saudi Arabia is witnessing a major economic transformation said senior delegates at the 13th edition of Euromoney Saudi Arabia Conference which opened in capital Riyadh. More than 1 700 delegates and ... View more

SAP launches public cloud data center in Saudi Arabia

May 1, 2018

Germany-based global technology company SAP has launched the first live Public Cloud Data Center in Saudi Arabia empowering Saudi Vision 2030 and marking a major milestone in the kingdom s digital tra... View more

Saudi Arabia UPS systems market to grow by 4.5pc

April 30, 2018

Saudi Arabian uninterruptible power supply (UPS) systems market revenues are projected to grow at a compound annual growth rate (CAGR) of 4.5 per cent during 2018 to 2024 according to report by 6Wrese... View more

Ascott to open two new hotels in Saudi Arabia

April 25, 2018

In line with The Ascott s global target of reaching 80 000 units by 2020 the serviced-residence owner-operator continues its expansion opening two new properties in Saudi Arabia this year - Ascott Cor... View more

REITs 'driving market growth in Saudi Arabia'

April 25, 2018

The real estate investment trusts are the hottest products in Saudi Arabia right now said industry experts amid a boom in REITs listings on the kingdom s stock exchange. Since the Tadawul market was o... View more

Saudi Arabia to develop new sports, entertainment hub

April 24, 2018

Saudi government is set to develop a new entertainment sports and cultural destination at Al Giddiya area some 40 km west of the capital Riyadh said a report. The Qiddiya Project will be inaugurated b... View more

Saudi Arabia flight bookings up 14pc in 2017

April 24, 2018

Flight bookings in Saudi Arabia grew 14 per cent in 2017 reveals Cleartrip a leading mobile and online travel company in the Middle East in its 2017 Travel Insights Report. The report which derives in... View more

Holiday Inn Express to debut in Saudi Arabia

April 23, 2018

InterContinental Hotels Group has signed a master development agreement with Saudi Arabia s Al Hokair Group to develop 10 Holiday Inn Express hotels over the next 15 years marking the brand s debut in... View more

Vox Cinemas to open 600 new screens in Saudi Arabia

April 20, 2018

In a major boost to the Saudi entertainment industry Majid Al Futtaim the leading shopping mall developer retail and leisure pioneer across the Middle East and North Africa (Mena) has announced plans ... View more

Saudi Arabia, Azerbaijan and Nepal top destinations for UAE travellers

April 19, 2018

Saudi Arabia Azerbaijan and Nepal have emerged as the top destination choices for travellers in the UAE in the last 12 months new data showed. According to an analysis conducted by Travelport a leadin... View more

First Taj hotel signed in Saudi Arabia

April 19, 2018

The Indian Hotels Company Limited (IHCL) which operates the Taj brand of hotels has announced its entry into Saudi Arabia with a 340-key property signed in the holy city of Makkah. The new hotel signe... View more

Ashok Leyland marks 10 years of success in Saudi Arabia

April 18, 2018

India-based leading bus manufacturer Ashok Leyland has marked its 10 years of successful operations in Saudi Arabia with the launch of a new model and introducing innovative service products in partne... View more

Investment in entertainment, culture key focus for Saudi Arabia

April 18, 2018

Saudi Arabia s on-going efforts to transform its economy and diversify away from its dependence on energy is driving the creation of a vibrant new entertainment sector according to experts set to meet... View more

Virtual Vision launches public cloud in Saudi Arabia

April 17, 2018

Virtual Vision (V2) has officially opened services for V2 Public Cloud - a public cloud offering based in Saudi Arabia initiated in partnership with CloudSigma and Hewlett Packard Enterprise (HPE). Th... View more

Saudi Arabia granted 664 patents in 2017

April 17, 2018

Saudi Arabia was granted 664 patents last year compared to 517 in 2016 and 409 in 2015 according to StatNano which publishes a report each year on the status of nanoscience technology and innovation i... View more

Nahwasharq named Volvo dealer in Saudi Arabia

April 15, 2018

Volvo Cars a leading automobile manufacturer has appointed Nahwasharq Company as its official authorised importer in Saudi Arabia. Established in 2007 Nahwasharq specialises in dealership operations f... View more

Malaysia launches new visa services centres in Saudi Arabia

April 15, 2018

VFS Global a leading outsourcing and technology services specialist for diplomatic missions worldwide has announced the opening of two one-stop Malaysia visa centres in Saudi Arabia. The one-stop cent... View more

Saudi Arabia get top Moody's ratings, stable outlook

April 14, 2018

Moody s Investors Service has affirmed the Saudi government s long-term issuer and senior unsecured ratings at A1 with a stable outlook. The affirmation of Saudi Arabia s A1 ratings is supported by th... View more

Turner & Townsend opens two offices in Saudi Arabia

April 11, 2018

Leading global professional services company Turner & Townsend has announced the opening of two new offices in Saudi Arabia to further extend its coverage across the Gulf region. The offices in Riyadh... View more

Arab Women Forum kicks off in Saudi Arabia

April 11, 2018

Saudi Arabia is hosting the Arab Women Forum as part of the fourth edition of the Top CEO Conference and Awards which kicked off yesterday (April 10) and will conclude today at King Abdullah Economic ... View more

Swiss-Belhotel strengthens presence in Saudi Arabia

April 10, 2018

Swiss-Belhotel International is among the top 10 most active brands in the kingdom with five projects featuring over 1 200 rooms currently under development according to a report by Tophotelprojects p... View more

Saudi Arabia air travel sector grows 14pc - report

April 10, 2018

Flight bookings in Saudi Arabia grew 14 per cent in 2017 revealed Cleartrip - a leading mobile and online travel company in the Middle East - in its 2017 Travel Insights Report. The report which deriv... View more

84 hotels to open in Saudi Arabia this year

April 9, 2018

Almost 60 per cent of Saudi Arabia s current construction pipeline of 143 hotels is forecast to open in 2018 according to a new report. The Saudi Arabia Hotel Construction Overview report by TOPHOTELP... View more

Toyota opens hitech showroom in Saudi Arabia

April 8, 2018

Abdul Latif Jameel Motors the authorised distributor of Toyota in Saudi Arabia has announced the opening of a new state-of-the-art Toyota and Lexus facilities in Hufof. The site developed by Abdul Lat... View more

New Six Flags theme park signed in Saudi Arabia

April 5, 2018

The Public Investment Fund (PIF) of Saudi Arabia has entered into an arrangement with Six Flags the world s leading international theme park company to develop and design a Six Flags-branded theme par... View more

Saudi Arabia plans to open 40 cinemas in 15 cities

April 5, 2018

The Public Investment Fund of Saudi Arabia (PIF) said that its wholly-owned subsidiary Development and Investment Entertainment Company has signed an agreement with AMC to operate AMC Cinemas in the k... View more

All-new Mitsubishi Eclipse Cross launched in Saudi Arabia

April 3, 2018

Alesayi Motors distributor of Mitsubishi Motors in Saudi Arabia has launched the all-new 2018 Mitsubishi Eclipse Cross. The cross-over was officially launched earlier by the Japanese manufacturer in G... View more

Saudi Arabia 'committed to bringing Hyperloop technology'

April 2, 2018

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz on Monday (April 2) unveiled the Vision 2030 Hyperloop Pod further cementing the commitment between the kingdom and Virgin Hyperloop One to bring h... View more

Park Inn by Radisson opens two new hotels in Saudi Arabia

April 2, 2018

Park Inn by Radisson the upper mid-scale hotel brand of the Radisson Hotel Group has announced the opening of two new hotels in Saudi Arabia Park Inn by Radisson Hotel and Apartments Dammam Industrial... View more

Saudi Arabia set for $54bn government bonds listing

April 2, 2018

The Saudi Ministry of Finance represented by the Debt Management Office has announced that it has won approval from the Capital Market Authority to list and trade Saudi Riyal-denominated government de... View more

Saudi Arabia, SoftBank to build $200bn solar project

March 28, 2018

Saudi Arabia and SoftBank Group have signed a memorandum of understanding to build the world s largest solar project in the kingdom at an investment of 200 billion said a report. SoftBank founder Masa... View more

Saudi Arabia to woo foreign investors to entertainment sector

March 28, 2018

Saudi Arabia is looking to propel the growth of entertainment across the kingdom through a key forum which will focus on introducing and attracting entertainment ventures across the kingdom. The summi... View more

Deloitte to support digital skills development in Saudi Arabia

March 26, 2018

Deloitte Middle East and Deloitte Saudi Arabia have announced plans to support the development of a digitally skilled workforce in kingdom. Through close collaboration with schools and universities in... View more

Mastercard, mada partner for online payments in Saudi Arabia

March 25, 2018

Mada Saudi Arabia s domestic payment network and Mastercard a leading technology company in the global payments industry have launched a joint partnership initiative to enable online payments using Ma... View more

Gulf Air to fly direct to new cities in Egypt, Saudi Arabia

March 22, 2018

Bahrain national carrier Gulf Air is adding new routes for the summer with direct flights to be launched to two new cities each in Egypt and Saudi Arabia in June. The carrier will fly direct to the Eg... View more

Saudi Arabia sees boom in mobile travel bookings

March 18, 2018

Even though desktop continues to be the dominant platform for travel bookings in the GCC the region has been witnessing a growing shift to mobile bookings with Saudi Arabia marking a 116 per cent incr... View more

Hilton retains position as No. 1 workplace in Saudi Arabia

March 18, 2018

Hilton has maintained its position as the number one Great Place to Work in Saudi Arabia for the second year in a row. Celebrating the announcement at a gala ceremony in Riyadh last week Kamel Ajami v... View more

Saudi Arabia approves policy on atomic energy

March 14, 2018

Saudi Arabia s cabinet yesterday (March 13) approved a national policy on the kingdom s atomic energy programme. The cabinet meeting chaired by King Salman bin Abdulaziz Al Saud was held at the Al-Yam... View more

Hotel Show Saudi Arabia gears up for new edition

March 11, 2018

The kingdom s premier event for the hospitality and food industry - Hotel Show Saudi Arabia - has announced the opening of registration for those interested in attending the event which returns for it... View more

Saudi Arabia grants S&P Global Ratings foreign ownership license

March 10, 2018

S&P Global Ratings was awarded a Saudi Arabia 100 per cent Foreign Owned Investment License in a ceremony at the Saudi-British Business Forum 2018 in London. S&P Global Ratings opened its branch in Ri... View more

Saudi Arabia inks deal for 48 fighter jets

March 10, 2018

Saudi Arabia has signed a memorandum of intent with the UK to buy 48 Typhoon aircraft aerospace giant BAE Systems has said. The MoI was signed after Saudi Crown Prince Mohammed bin Salman met Defence ... View more

Saudi Arabia, Egypt set up $10bn fund for mega city

March 5, 2018

Saudi Arabia and Egypt have jointly set up a 10 billion fund to develop a planned a 500-billion mega-city and a business zone with the latter committing over 1 000 sq km of land in the south Sinai reg... View more

Park Inn By Radisson opens new hotel in Saudi Arabia

March 4, 2018

Park Inn by Radisson a midscale hotel brand of the Carlson Rezidor Hotel Group has announced the opening of its first hotel in Najran Saudi Arabia. The 113-room hotel is located on King Saud Road in t... View more

Saudi Arabia approves key regulations for cinemas

March 3, 2018

Saudi Arabia has approved licensing regulations for cinemas opening the door for companies to apply and start operating in the kingdom as the country eases social restrictions. The General Commission ... View more

UAE, Saudi Arabia continue to lead ME luxury hotel market

March 1, 2018

The UAE will continue to lead the GCC s luxury hospitality segment to 2022 with 73 per cent of existing luxury hotel stock and 61 per cent of the region s current luxury pipeline located in the countr... View more

Saudi Arabia & Kuwait

March 1, 2018

Saudi Arabia & Kuwait ... View more

Lockheed Martin to set up major plant in Saudi Arabia

February 28, 2018

Lockheed Martin said it has joined hands with Wahaj a subsidiary of Saudi International Petrochemical Company (Sipchem) to set up a production unit for its Paveway II Plus Laser Guided Bomb (LGB) mech... View more

Bangladesh's Regent Airways flies direct to Saudi Arabia

February 28, 2018

Bangladesh s Regent Airlines has launched the first direct flight between Saudi Arabia and Dhaka the Bengali capital city said a report. The new route which is the result of an alliance between the ai... View more

Mobily, Huawei to launch 5g tests in Saudi Arabia

February 28, 2018

Etihad Etisalat (Mobily) a leading telecom operator in Saudi Arabia has signed a memorandum of understanding with Huawei to launch 5G tests for the first time in the Kingdom. The MoU was signed in Bar... View more

Saudi Arabia ends airport deal with Singapore's Changi

February 25, 2018

Saudi Arabia s General Authority of Civil Aviation (Gaca) has terminated an agreement to allow a consortium comprising Singapore s Changi Airports International and Saudi Naval Support Company to mana... View more

PayFort registers new business in Saudi Arabia

February 25, 2018

PayFort an Amazon company has registered a new wholly owned payment solutions company in Saudi Arabia via the Saudi Arabian General Investment Authority (Sagia). The new foreign business license is th... View more

Saudi Arabia plans opera house in Jeddah

February 23, 2018

Saudi Arabia s first opera house will open in Jeddah Ahmed Al-Khatib chairman of the General Entertainment Authority (GEA) has been quoted as saying. He was speaking during the launch of the 2018 ente... View more

Over 64,000 hotel rooms to open in Saudi Arabia

February 21, 2018

Saudi Arabia has more than 64 000 rooms across the three phases of the hotel development pipeline according to data from STR representing 76 per cent of the more than 84 500 existing hotel rooms in th... View more

Emirates launches new ad campaign for Saudi Arabia

February 18, 2018

Emirates has launched its first bespoke campaign with a series of short videos specifically targeted to Saudi Arabia cleverly interlacing comedy to address the pain points of travel and showcase the a... View more

84 new hotels to open in Saudi Arabia this year

February 13, 2018

Eighty-four hotels providing a total of 27 281 rooms will open throughout Saudi Arabia this year according to a new report. This is almost 60 per cent of the kingdom s current construction pipeline of... View more

Saudi Arabia seeks investors for big water desal project

February 11, 2018

Saudi Arabia s Water and Electricity Company (WEC) has approved issuing of Request for Proposals (RFP) to invite private firms to take part in its Rabigh-3 IWP project which aims to boost desalinated ... View more

$3.9bn development projects under way in Saudi Arabia

February 7, 2018

Saudi government is working on SR14.6 billion ( 3.89 billion) worth of development projects including a new airport project besides the Souk Okaz City as well as the industrial city project in Makkah ... View more

Huawei to launch P Smart phone in Saudi Arabia

February 5, 2018

Huawei Business Consumer Group has announced the launch date of its new Huawei P Smart smartphone which will be available to users in Saudi Arabia from February 8. The Huawei P Smart will provide user... View more

Saudi Arabia to develop $293m infrastructure projects

February 5, 2018

Saudi government has announced plans to spend SR1.1 billion ( 293 million) on major infrastructure projects including the implementation of 16 000 sanitary drainage connections to homes across the kin... View more

Over 1,000 new schools to be built in Saudi Arabia

January 31, 2018

The Saudi government will build and operate a total of 1 600 schools across the kingdom under a special project in partnership with the private sector enterprises. In the first phase a total of 60 sch... View more

Adnoc plans to build new fuel stations in UAE, Saudi Arabia

January 25, 2018

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has announced plans to build at least 13 new service stations this year including for the first time at sites in Dubai and Saudi Ar... View more

Adnoc to open 13 new stations in UAE, Saudi Arabia

January 25, 2018

Adnoc Distribution has announced plans to open at least 13 new service stations in 2018 including for the first time sites in Dubai and Saudi Arabia a media report said. Three new service stations are... View more

Saudi Arabia unveils $532m desalination projects plan

January 23, 2018

Saudi Arabia is set to build nine desalination plants on the Red Sea coast at an investment of more than SR2 billion ( 530 million) said a report. The plants will have capacity of 240 000 cu m of wate... View more

Saudi Arabia unveils benchmark platform at WEF

January 23, 2018

Saudi Arabia has unveiled a first look at the Kingdom s unique data tool for measuring its performance trajectory in relation to other nations at the ongoing World Economic Forum (WEF) in Davos Switze... View more

Saudi Arabia to announce tourist visa rules by Q1-end

January 23, 2018

Details about tourist visas to Saudi Arabia will be announced at the end of the first quarter a report said. According to The Saudi Commission for Tourism and National Heritage (SCTH) regulations will... View more

Saudi Arabia plans to build 60 new schools

January 18, 2018

Saudi government has invited tenders from leading regional and global companies for construction and maintenance of 60 schools of different ranges - starting from kindergartens to secondary schools - ... View more

Emerson opens $25m technology centre in Saudi Arabia

January 17, 2018

US-based Emerson a global technology and engineering company today (January 17) inaugurated its new technology and innovation centre worth SR94 million ( 25 million) at Dhahran Techno Valley in Dhahra... View more

Saudi Arabia to award nuclear reactor deals by 2018-end

January 15, 2018

Saudi Arabia the world s biggest oil exporter will be awarding contracts for the construction of its first nuclear-power plants by year-end said a report. The kingdom has already received requests fro... View more

Saudi Arabia to approve visas for solo women travellers

January 11, 2018

Women wishing to travel to Saudi Arabia alone can now do so without the need for a guardian a senior official has confirmed. The Saudi Commission for Tourism and National Heritage (SCTH) will grant wo... View more

Saudi Arabia to start work on new Taif solar project

January 11, 2018

Saudi government will be setting up a solar energy plant in the Taif region as part of its ambitious SR11 billion ( 3.1 billion) development plan for the city located in the Makkah province of the kin... View more

Popular camel festival returns to Saudi arabia

January 7, 2018

The second edition of the King Abdul Aziz Camel Festival said to be the world s largest celebration for camels kicked off in the beginning of the month in the southern desert terrains of Al-Dahna 120k... View more

Saudi Arabia turns Aramco into joint-stock company

January 6, 2018

Saudi Arabia is changing the legal status of state energy giant Saudi Aramco in a sign it is pressing ahead with plans for a 2018 initial public offering that is tipped to be the biggest ever. The mov... View more

UAE, Saudi Arabia non-oil sectors post record growth

January 4, 2018

UAE s non-oil private sector saw the sharpest growth in 34 months during December while the same in Saudi Arabia witnessed solid gains during the month with the pace of growth staying above the averag... View more

Saudi Arabia 'to grant tourist visas to nationals of 65 countries'

January 3, 2018

Saudi Arabia plans to issue tourist visas for travellers from 65 countries as part of a new programme a report said quoting a senior official. The initiative which will help steer the kingdom s econom... View more

Schneider, Saudi Arabia renew power supply deal

January 2, 2018

Schneider Electric and the National Grid Saudi Arabia have renewed the three-year long agreement signed three years ago to continue to provide reliable and cost-effective electricity in Saudi Arabia. ... View more

Saudi Arabia, Europe to discuss strategic HVAC tieups

January 2, 2018

Leading engineering and air conditioning experts will discuss collaboration opportunities between Saudi Arabia and European Union on HVAC (heating ventilation and air-conditioning) standards certifica... View more

Saudi Arabia increases gasoline prices

January 2, 2018

The Saudi Ministry of Energy Industry and Mineral Resources has announced the implementation of new fuel prices in the kingdom. The new prices are effective from January 1. The Saudi Press Agency quot... View more

Saudi Arabia expects $9bn VAT revenue in first year

January 2, 2018

Saudi Arabia is expecting a total of SR35 billion ( 9.3 billion) in revenue during the first year of applying the value-added tax (VAT) the project manager of VAT at General Authority of Zakat and Tax... View more

UAE, Saudi Arabia kick off new era with VAT roll-out

January 1, 2018

The United Arab Emirates and Saudi Arabia have stepped into a new era with the introduction of 5 per cent value-added tax (VAT) on the majority of goods and services beginning today (January 1) said m... View more

Non-oil revenue to back Saudi Arabia budget for 2018

December 20, 2017

Revenue streams such as VAT expat levy and taxes on energy/soft drinks/ tobacco other fees and some asset sales will drive growth in Saudi Arabia s non-oil revenue supporting the kingdom s SR926 billi... View more

Dollar peg will stay says Saudi Arabia

December 20, 2017

Saudi Arabian Monetary Authority (Sama) Governor Ahmad bin Abdulkarim Al-Khulaifi has denied any intention to break the Saudi riyal s peg to the US dollar. The governor made the remarks at a press con... View more

Schlumberger to set up new plant in Saudi Arabia

December 19, 2017

Schlumberger one of the world s leading oil services companies said it has signed a deal with state oil giant Saudi Aramco to develop a hitech industrial manufacturing centre within the King Salman En... View more

Ateon holds blockchain roadshow in Saudi Arabia

December 18, 2017

Ateon a member of Alhamrani Group of Companies in Saudi Arabia and a registered company in Dubai recently ran a week long blockchain roadshow in Riyadh and Jeddah with plans for more to follow. The ro... View more

Saudi Arabia launches new housing project in Jeddah

December 16, 2017

Saudi government has launched its ambitious Jeddah Gateway housing project on a 192 000-sq-m area located east of Haramain Expressway said a report. The project being implemented by Sundus Developers ... View more

Indywood eyes cinemas in Saudi Arabia

December 14, 2017

Indywood Film Carnival an ambitious 10-billion project has lauded Saudi Arabia s move to set up cinemas and expressed its interest to establish top-notch cinemas and home cinemas in the kingdom. The I... View more

Saudi Arabia approves $19.2bn stimulation plan

December 14, 2017

Saudi Arabia s King Salman bin Abdulaziz Al Saud has issued a royal decree approving the private sector stimulation plan and allocating a total of SR72 billion ( 19.2 billion) for the plan. The privat... View more

Saudi Arabia to spend $2.4bn on water infrastructure

December 12, 2017

The Saudi government plans to spend more than SR9 billion ( 2.4 billion) in building infrastructure for key water projects in the Makkah region said a report. The Saline Water Conversion Corporation (... View more

Cinemas to open in Saudi Arabia early next year

December 11, 2017

Cinemas are expected to open in Saudi Arabia early next year for the first time in 35 years following the Ministry of Culture and Information s move to issue licences for the operation of cinemas. The... View more

YBA Kanoo opens hitech workshop in Saudi Arabia

December 11, 2017

YBA Kanoo one of the largest family-owned multinational businesses in the Middle East has announced the official opening of its new workshop for industrial valves at Jubail region of Saudi Arabia. The... View more

Saudi Arabia, Iraq sign 18 key energy deals

December 10, 2017

Saudi Arabian companies have signed 18 agreements with the Iraqi government to jointly develop several key projects in the energy sector a media report said. Saudi companies are keen to develop relati... View more

Zain Saudi Arabia backs major digital event

December 5, 2017

Zain Saudi Arabia in partnership with Trescon Global has sponsored the Big DT Show Conference in Riyadh Saudi Arabia in support of the digital transformation programmes in the kingdom. The conference ... View more

Saudi Arabia 'ready to welcome tourists'

December 5, 2017

Saudi Arabia is ready to welcome its first tourists as the government has sanctioned a Jeddah travel agency in category D to issue visas for tourists and for educational or medical treatment purposes ... View more

Saudi Arabia to spend $372m on heritage sites revamp

December 5, 2017

Saudi government has announced plans to award contracts worth SR1.4 billion ( 372 million) for the development of key museum and heritage projects across the kingdom said a report. The Saudi Commissio... View more

Saudi Arabia non-oil sector sees sharp upturn

December 5, 2017

November data signalled a strong upturn in the Saudi Arabia non-oil private sector with steep output and new order expansions contributing to the latest positive result said Emirates NBD in its latest... View more

Saudi Arabia opens $218 Jeddah waterfront project

December 2, 2017

Saudi government has opened to the public a 4.2-km-long waterfront in Jeddah city built at a cost of SR800 million ( 218 million) said a report. Covering a 700 000-sq-m area the development boasts vas... View more

MG Motors opens first showroom in Saudi Arabia

November 27, 2017

MG Motors a British automotive brand in collaboration with its retail partner Taajeer Group has opened its first showroom in Saudi Arabia allowing the company to bring its latest model line-up to its ... View more

Over 4,700 'active' construction projects in Saudi Arabia

November 22, 2017

The construction sector in Saudi Arabia is poised for solid growth with over 4 700 active construction projects worth 852.3 billion and more than 700 projects set to begin work in the next few months ... View more

Cristal to operate Bayat Suites in Saudi Arabia

November 19, 2017

Cristal Group a top business and leisure hotel operator in the Middle East Africa and Asia has entered into a management agreement with Bayat Company for Hotel Services to operate Bayat Suites by Cris... View more

Japan's SoftBank to invest $25bn in Saudi Arabia

November 17, 2017

Japan s SoftBank Group plans to invest as much as 25 billion in Saudi Arabia over the next three to four years a Bloomberg report said. SoftBank aims will deploy up to 15 billion in Neom the 500 billi... View more

Al Kifah unveils 'green concrete' in Saudi Arabia

November 14, 2017

Saudi-based Al Kifah Readymix & Blocks has launched the eco-friendly green concrete in the Saudi market for the first time thus setting a new benchmark in the construction market in general and readym... View more

GAC Saudi Arabia wins ‘Best Ship Agency’ title

November 7, 2017

GAC Saudi Arabia a leading provider of shipping logistics and marine services was recently honoured with the Best Ship Agency title at the IMC Excellence Awards 2017 Bahrain and Saudi Arabia Chapter. ... View more

UAE, Saudi Arabia sign work plan for AEO

November 7, 2017

The UAE and Saudi Arabia have signed a work plan for the Authorised Economic Operator (AEO) agreement launched by the two countries in Dubai aimed at quickly implementing the mutual acknowledgement. T... View more

Saudi Arabia takes part in UN climate change summit

November 6, 2017

Saudi Arabia is participating at the 2017 United Nations Climate Change Conference (COP 23) in Bonn Germany from today (November 6) until November 17. This is the Kingdom s 23rd year of active partici... View more

Saudi Arabia to exempt many items from 5pc VAT

November 4, 2017

Saudi government has declared that not all goods and services will be subjected to the standard 5 per cent value-added tax (VAT) rate as some of them will fall under the zero-rated the exempt or outsi... View more

Saudi Arabia unveils new rail network expansion plan

November 2, 2017

Saudi government has developed a comprehensive plan for expanding its rail network which includes building a railway line between the cities of Abha and Jizan said a report. One of the key projects un... View more

Saudi Arabia sets up new authority for cyber security

November 1, 2017

Saudi Arabian government has set up a new authority for cyber security as per a Royal Decree and named the Minister of State Musaed Al Aiban as its chairman reported the Saudi Press Agency. The Nation... View more

Saudi Arabia plans to issue tourist visas

October 29, 2017

Tourists may soon be welcomed in Saudi Arabia as the government plans to begin issuing tourist visas for the country a report said. The decision comes as Saudi Arabia hopes to receive 1.5 million tour... View more

Saudi Arabia set to build world-class entertainment city

October 28, 2017

Saudi Arabia is set to build one of the world s mega cultural sports and entertainment cities in Al Qiddiya southwest of capital Riyadh which will boast modern recreational facilities including a safa... View more

Saudi Arabia announces $500bn independent special zone

October 24, 2017

Saudi Arabia s Crown Prince and Deputy Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud has announced a new 500-billion project Neom aimed at turning the kingdom into a leading global h... View more

Canon partners with eXtra in Saudi Arabia

October 23, 2017

Canon Middle East a leader in imaging and printing solutions has signed United Electronics Company (eXtra) as a strategic partner for Canon Office Personal Products (OPP) in Saudi Arabia. With its man... View more

Saudi Arabia stays 2nd largest oil exporter to US

October 22, 2017

Saudi Arabia - the largest exporter of total petroleum liquids - has maintained its position of being the second-largest petroleum exporter to the US after Canada during the first half of this year a ... View more

Saudi Arabia sets up super energy service company

October 18, 2017

Saudi Arabia s Public Investment Fund (PIF) has announced the establishment of a new energy service company Super Esco designed to increase energy efficiency across government and public buildings. A ... View more

Riyada to develop Ramada hotel in Saudi Arabia

October 16, 2017

Wyndham Hotel Group the hotel giant with an unmatched global presence of more than 8 100 hotels in 79 countries has announced Riyada International Hotels & Resorts master franchisor of the Ramada bran... View more

New Ramada hotel to open in Riyadh, Saudi Arabia

October 16, 2017

Wyndham Hotel Group today announced and Concept Towers Real Estate Limited have agreed to develop a new Ramada hotel centrally located in Riyadh. Managed by Riyada International Hotels & Resorts maste... View more

VFS opens India visa centre in Jubail, Saudi Arabia

October 15, 2017

The Embassy of India in Riyadh along with the Consulate General of India in Jeddah and VFS Global have opened a new India passport and visa application centre in Jubail Saudi Arabia. The new initiativ... View more

MHPS Saudi Arabia to build advanced gas turbines in Dammam

October 15, 2017

MHPS Saudi Arabia a subsidiary of Mitsubishi Hitachi Power Systems (MHPS) has revealed plans to manufacture its most advanced gas turbines in the kingdom as part of a phased investment strategy in the... View more

Saudi Arabia, Russia to cooperate in nuclear energy sector

October 9, 2017

Russia s Rosatom State Atomic Energy Corporation and Saudi Arabia s King Abdullah City for Atomic and Renewable Energy have signed a programme for cooperation in the peaceful uses of nuclear energy. T... View more

Saudi Arabia, India 'can unlock huge growth opportunities'

October 9, 2017

Saudi Arabian and Indian companies can jointly unlock enormous new growth opportunities and boost bilateral trade and relations as part of efforts to achieve long-term economic and development goals S... View more

Saudi Arabia issues 2,000 mining licences worth $66bn

October 7, 2017

Saudi Arabia has issued a mining licences worth 66 billion to major private sector players in the kingdom said the kingdom s energy minister. The number of licences granted by the ministry to the priv... View more

US approves $15bn Thaad missile for Saudi Arabia

October 7, 2017

The US State Department has approved a potential 15 billion sale of Lockheed Martin Corporation s Thaad anti-missile interceptors launchers and radar part of the package of weaponry that President Don... View more

Saudi Arabia reform momentum strong says IMF

October 6, 2017

Saudi Arabia s reform momentum under its Vision 2030 is strong and good progress is being made in reform implementation the International Monetary Fund (IMF) has said in a report. Saudi Arabia has red... View more

Saudi Arabia records 2pc non-oil growth: report

October 5, 2017

Saudi Arabia s non-oil growth has picked up in July and August recording a 2 per cent year-on-year growth according to Bloomberg Intelligence Economics new monthly series of Saudi GDP. Created by Ziad... View more

Saudi Arabia investing $1bn in Russia projects

October 5, 2017

Saudi Arabia is investing 1 billion in construction of a petrochemical complex Pulkovo Airport and 20 more Russian projects Russian Energy Minister and co-chairman of the Russian-Saudi Intergovernment... View more

Saudi Arabia, Russia to launch $1bn energy fund

October 3, 2017

Russia and Saudi Arabia will jointly set up a 1-billion energy fund as the world s two biggest oil producers seek to cement a partnership that was bolstered by their brokering of a global oil output c... View more

Saudi Arabia plans to build $3bn new residential city

October 2, 2017

Saudi government has approved plans for a new city to be built at an investment of 3 billion featuring more than 10 000 homes a culture and heritage tourist centre technology and industry parks a univ... View more

Saudi Arabia set to hand over 53,000 housing units

September 28, 2017

More than 53 000 residential units including flats and villas will be ready shortly for distribution in different parts of Saudi Arabia said a report. The housing units are being implemented with the ... View more

NMC Health plans major expansion in Saudi Arabia

September 25, 2017

NMC Health a leading integrated healthcare provider operating across the UAE has announced that it has received all regulatory approvals for its long-term care facility Chronic Care Specialty Medical ... View more

Saudi Arabia unveils new schemes to boost real estate

September 24, 2017

The Saudi Ministry of Housing has launched a series of programmes and initiatives to help achieve the kingdom s Vision 2030 and the National Transformation Program (NTP) 2020. The directives from the ... View more

Saudi Arabia 'funding $13.6bn development projects'

September 23, 2017

Saudi government has financed a total of 609 projects worth more than SR51 billion ( 13.6 billion) in 82 countries across the globe through the Saudi Fund for Development (SDF) said a report. The king... View more

Saudi Arabia plans 80pc hike in gasoline prices

September 23, 2017

Saudi Arabia is considering raising domestic prices for gasoline and jet fuel by around 80 per cent from November said a report. Octane-91 grade gas price will increase from 75 halalas per liter to SR... View more

Saudi Arabia lifts ban on Skype, Whatsapp calls

September 20, 2017

Saudi Arabia is lifting its ban on voice calls on Skype Whatsapp and other applications in the latest in a series of reforms by the kingdom s new crown prince designed to make the country more attract... View more

Mastercard appoints new country manager for Saudi Arabia

September 19, 2017

Mastercard a leading technology company in the global payments industry has announced the appointment of J K Khalil as the company s country manager for Saudi Arabia. With his extensive experience and... View more

Saudi Arabia to float tenders for Red Sea-Gulf railway

September 18, 2017

Saudi Arabia plans to seek bidders for the construction of a 1 600-km-long railroad linking the Red Sea with the Arabian Gulf as early as the end of this year signaling the go ahead for a long-delayed... View more

Saudi Arabia to launch tenders for 2.8GW nuclear plants

September 16, 2017

Saudi Arabia is likely to begin the process to find a vendor to build the country s first nuclear reactors as early as next month said a report citing nuclear industry sources. The kingdom seeks to bu... View more

Mastercard names country manager for Saudi Arabia

September 14, 2017

Mastercard a leading technology company in the global payments industry has announced the appointment of J K Khalil as the company s country manager for Saudi Arabia. Khalil will be in charge of promo... View more

Marriott launches Tahseen training programme in Saudi Arabia

September 11, 2017

Marriott International in co-operation with Cornell University today launched its Tahseen programme a unique hospitality training programme that focuses on fast-tracking next-generation Saudi leaders.... View more

The Ascott plans major expansion in Saudi Arabia

September 10, 2017

The Ascott a leading serviced residence owner-operator has unveiled plans to expand its operation in Saudi Saudi with 20 new properties in the kingdom by 2020 said a report. Since 2014 The Ascott has ... View more

Dubai group to build soccer complexes in Saudi Arabia

September 7, 2017

UAE-based Duplays a key organiser of private sports tournaments will be joining hands with top Saudi developer Al Hokair Group to break ground on the first of its three privately-owned football sports... View more

Saudi Arabia clinches 2018 World Cup spot

September 6, 2017

Saudi Arabia s national soccer team has secured qualification to next year s World Cup in Russia beating Japan 1-0 in their last AFC Round 3 Group B match on Tuesday at Jeddah on Tuesday. The kingdom ... View more

Russia, Saudi Arabia mull Opec deal extension

September 5, 2017

Oil prices surged higher on Tuesday following reports indicating that Russia and Saudi Arabia are considering extending the oil production cut deal agreed between the members of both Organization of t... View more

Saudi Arabia issues final VAT implementing regulations

September 4, 2017

Following the issue of the final VAT law on July 28 2017 Saudi Arabia has published its final VAT implementing regulations said Al Tamimi & Company a leading law firm in the Middle East. As Saudi Arab... View more

Saudi Arabia launches websites for Hajj updates

August 29, 2017

Saudi Arabia s Ministry of Culture and Information has launched two digital platforms in the lead-up to the Hajj which will provide information and insights to pilgrims in Makkah worldwide audiences a... View more

Radisson Blu opens two new hotels in Saudi Arabia

August 27, 2017

Radisson Blu a unit of the global hotel group Carlson Rezidor has announced the opening of two new hotels in the Saudi Arabian cities of Buraidah and Jeddah. We are pleased to continue our growth mome... View more

Nearly 1.5m pilgrims arrive for Hajj in Saudi Arabia

August 26, 2017

Saudi Arabia has to date welcomed 1.497 million pilgrims who have flocked to the country in preparation for the annual Islamic Hajj pilgrimage which is due to begin on August 30. In total around two m... View more

Saudi Arabia to launch solar PV services in mid-2018

August 26, 2017

The Saudi Electricity Company (SEC) will start supplying solar photovoltaic (PV) energy services to customers by the middle of 2018 according to a regulation issued by the Electricity and Co-Generatio... View more

Saudi Arabia launches budget airline Flyadeal

August 26, 2017

Saudi Arabian Airlines (Saudia) the national carrier of the kingdom has launched its new affiliate low-cost airline Flyadeal during an event at the King Abdulaziz International Airport in Jeddah. Sale... View more

Saudi Arabia plans new solar rules from July next

August 22, 2017

New rules covering the operation of small-scale solar power generating systems by electricity consumers in Saudi Arabia will come into force from next July a Reuters report said. A regulatory framewor... View more

Over 1m pilgrims enter Saudi Arabia

August 21, 2017

Over 1 million pilgrims have arrived in Saudi Arabia for Haj this year said a report. According to Saudi Press Agency a total of 1 070 951 pilgrims have entered the kingdom so far up 24 per cent compa... View more

JLL appoints new country head for Saudi Arabia

August 20, 2017

JLL a leading real estate investment and advisory firm has appointed Engineer Ibrahim Albuloushi as its new national director and country head for Saudi Arabia. Albuloushi is an international executiv... View more

Saudi Arabia denies ban on Qatari riyal dealings

August 20, 2017

The Saudi Arabian Monetary Agency (Sama) has debunked reports circulating on social media suggesting that it has instructed local financial institutions to stop dealing in Qatari riyals. The Saudi Pre... View more

Saudi Arabia to send plane to Doha for Qatar pilgrims

August 17, 2017

Saudi Arabia s King Salman has ordered the dispatch of a private aircraft belonging to Saudi Arabian Airlines to Doha airport to fly all Qatari Haj pilgrims at his expense to Jeddah and host them as h... View more

CB&I wins storage tanks project in Saudi Arabia

August 15, 2017

CB&I today announced it has been awarded a contract by Técnicas Reunidas for new product storage tanks that will be part of a clean fuels expansion project at Saudi Aramco s refinery in Ras Tanura Sau... View more

Saudi Arabia deficit halves in H1

August 14, 2017

Saudi Arabia s budget deficit halved in the first six months of the year following sweeping spending cuts that are part of the kingdom s ambitious economic reform plan a report said. The deficit shran... View more

Saudi Arabia to import 660,000 tonnes of fodder barley in Oct

August 13, 2017

Saudi Grains Organization recently announced its 5th tender for the year 2017 for importing 660 000 tonnes of fodder barley during October 2017 on board 11 ships through the kingdom s ports on the Red... View more

Saudi Arabia 'allows 100pc foreign ownership in engineering firms'

August 9, 2017

Saudi Arabia has decided to allow 100 per cent foreign ownership in engineering businesses giving a boost to the infrastructure sector a report said. The kingdom s Commerce and Investment Ministry and... View more

Nokia, Mobily complete License Assisted Access in Saudi Arabia

August 8, 2017

Nokia and Mobily (Etihad Etisalat Company) a leading telecom operator in Saudi Arabia has announced the successful completion of License Assisted Access (LAA) in Saudi Arabia. Once deployed Mobily s c... View more

Korea firm builds largest water tank roof in Saudi Arabia

August 2, 2017

South Korea-based Worldbridge Industrial Company a provider of dome roofs has built what is claimed to be the world s largest dome roof for a desalinated water tank cover in Saudi Arabia. The recently... View more

Saudi Arabia announces massive Red Sea tourism project

August 1, 2017

Saudi Arabia will build a massive international tourism project covering more than 50 virgin islands in the Red Sea between the cities of Amlaj and Al-Jawh. Crown Prince Mohammed bin Salman bin Abdula... View more

Saudi Arabia plans massive Red Sea tourism project

August 1, 2017

Saudi Arabia will build a massive international tourism project covering more than 50 virgin islands in the Red Sea between the cities of Amlaj and Al-Jawh. Crown Prince Mohammed bin Salman bin Abdula... View more

Saudi Arabia to privatise all airports by year-end

July 27, 2017

All airports in Saudi Arabia will be privatised this year in order to improve services being rendered to passengers and cut public expenditure a senior official has revealed. Speaking to Al-Eqtisadiah... View more

Saudi Arabia sets up commission to develop historic sites

July 26, 2017

Saudi King Salman bin Abdulaziz has decreed the establishment of renovation commissions tasked with the development of two of the most important archaeological and historic sites in the Kingdom Al-Ola... View more

Saudi Arabia welcomes Qatar pilgrims

July 24, 2017

In light of the current political situation with Doha the government of Saudi Arabia has extended its welcome to pilgrims from Qatar and has expressed its keenness to enable them to perform Umrah said... View more

Saudi Arabia seeks feedback on VAT Implementing Regulations

July 20, 2017

Saudi Arabia s General Authority of Zakat and Tax (GAZT) has launched a public consultation on the draft Implementing Regulations for the proposed value-added tax (VAT) in the kingdom. The public cons... View more

Saudi Arabia to spend $6.9bn on tourism initiatives

July 19, 2017

Saudi Arabia s National Transformation Program (NTP) 2020 has approved 13 initiatives submitted by the Saudi Commission for Tourism & National Heritage (SCTH) with a budget of over SR26 billion ( 6.93... View more

Honeywell knowhow for petchem firm in Saudi Arabia

July 18, 2017

Honeywell a global technology leader has announced that Saudi Arabia-based Farabi Petrochemicals Company will use Honeywell UOP technologies for a new complex in Yanbu to expand its production of biod... View more

Saudi Arabia seeks private players for big rail projects

July 17, 2017

In a major move the Saudi Public Transport Authority (PTA) has opened its doors for the private sector inviting global pioneering companies to partner in the construction and operation of railways in ... View more

Saudi Arabia well-placed for MSCI upgrade: UBS

July 16, 2017

MSCI s potential inclusion of the MSCI Saudi Arabia Index in the MSCI Emerging Markets Index in 2019 would improve the attractiveness of its stock market which could account for up to 2.5 per cent of ... View more

Saudi Arabia to set up $587m treatment plants

July 15, 2017

The Saudi government has announced plans to set up wastewater treatment projects in the cities of Jeddah and Dammam besides the Northern Border region with the help of three global consultant companie... View more

Saudi Arabia to design 14 'Makkan style' mosques

July 10, 2017

Saudi Arabia is set to build 14 out of 50 mosques in the original architectural style of Makkah to boost the Islamic identity of the surrounding Makkah environs said a report. The project will also id... View more

Saudi Arabia to host G20 summit in 2020

July 9, 2017

Saudi Arabia will host the G-20 Summit in 2020 said an official statement issued on Saturday at the end of this year s event in Hamburg Germany. The G-20 is a prestigious forum for the governments and... View more

Dow to build $100m polymer facility in Saudi Arabia

July 6, 2017

US-based Dow Chemical Company has announced plans to construct a new state-of-the-art manufacturing facility to produce a range of polymers for coatings and water-treatment applications in Jubail regi... View more

Retaj grows in Saudi Arabia

July 3, 2017

Retaj Hotels & Hospitality has signed a strategic partnership agreement to manage 16 hotels in Saudi Arabia over the next five years. The agreement was signed between Sheikh Mohammed Ibrahim Al Aboud ... View more

Saudi Arabia sees $213m corniche project on track

July 3, 2017

Work on the massive North Jeddah Corniche project which is being implemented at a cost of SR800 million ( 213 million) is in full swing with nearly 80 per cent of the development already completed acc... View more

Saudi Arabia approves new designs for 100,000 homes

June 27, 2017

Engineering designs for 100 000 housing units that will cater to Saudi Arabia s middle-income earners have been approved the Saudi Ministry of Housing said a report. The projects designed by Egyptian ... View more

QnA plans HR tech event in Saudi Arabia

June 26, 2017

Dubai-based QnA International a B2B event specialist is set to host a first-of-its-kind summit to discuss the unique challenges the Fourth Industrial Revolution will place on HR and IT departments in ... View more

Nissan names new COO for Saudi Arabia

June 24, 2017

Japanese automaker Nissan has appointed Bader El Houssami as the new chief operating officer for Saudi Arabia effective July 1. Based in Jeddah Bader will be responsible for the company s day-to-day o... View more

Saudi Arabia unveils innovative housing programme

June 19, 2017

Saudi government has announced the fifth instalment of its innovative Residential programme which aims to deliver 280 000 residential and financing products all over the kingdom during the current yea... View more

Saudi Arabia 'working on Qatar grievances list'

June 17, 2017

Saudi Arabia s foreign minister said on Friday that a list of grievances involving Qatar was being drawn up and would be made public soon reported Reuters. The minister Adel Al-Jubeir said Qatar shoul... View more

Saudi Arabia, Bahrain invite EoIs for new road, rail causeway

June 15, 2017

Expressions of Interests have been invited from private sector developers co-investors contractors and lenders for the construction of a new road and rail causeway linking Saudi Arabia and Bahrain whi... View more

Saudi Arabia launches $1.3bn new water projects

June 15, 2017

Saudi government has launched more than 100 projects worth SR4.9 billion ( 1.3 billion) aimed at supplying more drinking water and providing better sanitation services to its citizens across the kingd... View more

Saudi Arabia pumps $400m into key Egyptian projects

June 12, 2017

Saudi Arabia has recently injected an additional 400 million as part of a Saudi-Egyptian loan agreement to develop the Sinai Peninsula said a report citing a senior Egyptian minister. With this invest... View more

Saudi Arabia awards key airport project contracts

June 11, 2017

Saudi government has awarded contracts to major regional and international firms for development of five airports in the kingdom said a report. These include a contract to operate the new King Abdul A... View more

Coffee Planet to open 70 outlets in Saudi Arabia

June 8, 2017

Coffee Planet the Middle East s leading specialty Arabica coffee roaster from Dubai has just signed a franchise agreement with HB Brands one of the largest F&B providers for 70 outlets across Saudi Ar... View more

Saudi Arabia shuts down Al Jazeera office

June 5, 2017

Saudi Arabia s Ministry of Culture and Information has ordered the closure of the office of Qatari news channel Al Jazeera in Saudi Arabia and withdrawn its licence said a report. The Al Jazeera offic... View more

Le Beck wins approval to operate in Saudi Arabia

June 4, 2017

Bahrain-based Le Beck International a leading specialist security and risk management consultancies has received approval from the Saudi Arabia s High Commission of Industrial Security (HCIS) to opera... View more

V-Line sets up new unit in Saudi Arabia

June 4, 2017

V-Line Europe a global leader in industrial supply chain solutions announced the establishment of V-Line Middle East in Saudi Arabia with a full trading licence said a report. The initial investment o... View more

GE, Saudi Arabia deals to focus on mining, energy, healthcare

June 1, 2017

New projects between General Electric (GE) and Saudi Arabia will focus on the kingdom s power healthcare energy and mining sectors as well as skills training and digital analytics running on Predix sa... View more

Saudi Arabia launches public consultation on VAT law

May 31, 2017

Saudi Arabia s General Authority for Zakat and Tax (GAZT) has launched a public consultation of the draft law governing value added tax (VAT) which is being introduced in the kingdom from January 1 20... View more

Saudi Arabia to impose special tax on tobacco, sugary drinks

May 30, 2017

Saudi Arabia will impose a special tax on tobacco and sugary drinks on June 10 as part of a series of steps towards closing a budget deficit caused by low oil prices said a report. Officials have said... View more

Saudi Arabia targets meetings, events opportunities

May 25, 2017

Saudi Arabia has been investing significantly in reinforcing its infrastructure and developing the meetings industry within the kingdom to attract meetings and business events. Spearheading this drive... View more

Saudi Arabia, Blackstone plan $40bn infrastructure fund

May 21, 2017

Saudi Arabia s Public Investment Fund (PIF) and Blackstone have signed an agreement to launch a 40 billion investment vehicle dedicated to infrastructure with an anchor 20 billion contribution by PIF.... View more

Saudi Arabia inks massive $110bn US weapons deal

May 20, 2017

The United States has sealed a massive arms deal with Saudi Arabia the White House announced on Saturday a move that solidifies its decades-long alliance with the world s largest energy producer just ... View more

GE signs $15bn business deals with Saudi Arabia

May 20, 2017

US technology and engineering conglomerate GE said on Saturday it had signed business deals worth 15 billion with Saudi Arabia in a major boost to its industrial project development and cross-sector c... View more

Saudi Arabia sets up new military industries firm

May 18, 2017

The Saudi Arabian Public Investment Fund (PIF) has announced the creation of a new national military industries company wholly owned by the government which will form a key part of Vision 2030. Saudi ... View more