Saudi Arabia News

WWE Announces Crown Jewel 2026 Event in Riyadh

World Wrestling Entertainment will stage its Crown Jewel championship event in November at Riyadh Season Stadium in the King Abdullah Financial District as part of the kingdom’s wider sports and entertainment program.

Saudi-Backed Vision Invest Joins $300 Million African Digital Infrastructure Investment

Vision Invest and Africa Finance Corporation are leading a $300 million investment in WIOCC Group to expand connectivity, data capacity and cloud services across African markets.

Saudi Aramco Signs 10-Year Feedstock Supply Deal With Luberef

The agreement establishes a market-linked pricing formula and secures feedstock supplies for the Saudi base-oil producer through August 2036.

Saudi Aramco Raises September LPG Prices for Asian Markets

Aramco increased its benchmark propane price by $5 to $625 a tonne and its butane price by $20 to $660 a tonne, setting new reference levels for Middle Eastern supply contracts with Asia-Pacific buyers.

Saudi Arabia and Syria Sign Municipal Development and Housing Agreements

New memorandums between Saudi and Syrian authorities will expand cooperation on municipal development and housing, reflecting continued normalization and a focus on infrastructure rehabilitation.

Saudi Anti-Corruption Authority Arrests 108 Government Employees

Saudi Arabia’s Oversight and Anti-Corruption Authority has detained 108 public-sector workers over allegations including bribery, embezzlement and abuse of power.

Saudi Arabia’s PIF to End LIV Golf Funding After 2026 Season

The Public Investment Fund plans to stop financing LIV Golf after the 2026 season, prompting the league to consider Chapter 11 bankruptcy protection and a transition toward a player-owned business model.

Aramco Digital and Avathon Partner on Autonomous AI for Industrial Operations

Saudi Aramco’s digital arm and California-based Avathon plan to deploy autonomous artificial intelligence systems across energy, mining and aerospace operations, focusing on supply-chain optimization and industrial asset intelligence.

Saudi Technology Minister Travels to US to Seek New AI and Cloud Partnerships

Communications Minister Abdullah Alswaha has begun a US visit following the LEAP conference in Riyadh, seeking further investment and partnerships in artificial intelligence, cloud computing and advanced technology.

HUMAIN and DataVolt Begin Work on Major AI Data Centre Campus at Neom

The partners have broken ground on the first phase of a planned 360-megawatt artificial intelligence data-centre campus at Oxagon, with the initial 100-megawatt development designed to serve rising demand for advanced computing capacity.

Saudi Arabia Secures More Than $17 Billion in AI and Digital Infrastructure Investment at LEAP 2026

Investment commitments announced during the Riyadh technology conference include a $1.2 billion data-centre expansion and an $880 million Khuzam Digital Valley project, supporting Saudi Arabia’s Vision 2030 technology ambitions.

Saudi Crown Prince and Oman’s Sultan Hold Gulf Security Talks in Jeddah

Crown Prince Mohammed bin Salman and Sultan Haitham bin Tariq discussed rising regional tensions and bilateral relations as Saudi Arabia and Oman continue diplomatic engagement on Middle East security issues.

Saudi Arabia, Türkiye and Pakistan Establish Joint Defence Secretariat in Makkah

The three countries have agreed to base a new security secretariat in Saudi Arabia following trilateral defence talks in Istanbul, formalizing deeper military cooperation among Riyadh, Ankara and Islamabad.

Two Oil Tankers Carrying Saudi Crude Struck in Strait of Hormuz

The Saudi-flagged Sidr and Liberian-flagged Senegal Prosperity, each carrying two million barrels of Saudi crude, were hit by unknown projectiles in the Strait of Hormuz, increasing maritime security risks along a critical global energy ...

Saudi Pro League Continues Busy Domestic and Continental Schedule

Saudi Pro League clubs are moving through an intensive fixture calendar as domestic and continental competitions continue to attract international broadcast audiences.

Saudi Arabia Prepares Autumn Calendar of Cultural Festivals and Business Events

Organizers in Riyadh and Jeddah are finalizing cultural festivals, fashion events and international business forums scheduled for the final quarter of the year.

Luxury Resort Development Accelerates Across Saudi Red Sea and AlUla Destinations

International hospitality groups are advancing hotel and resort projects along the Red Sea and in AlUla as Saudi Arabia expands its high-end tourism offering.

Saudi Food Manufacturing Sector Grows Beyond 1,900 Factories

Saudi industrial authorities say the domestic food manufacturing sector now includes more than 1,900 specialized factories, supporting efforts to increase local processing capacity and food security.

Saudi Arabia Expands Desalination and Solar-Powered Water Infrastructure

Regional authorities are accelerating advanced desalination and renewable-energy projects designed to strengthen long-term water and energy resilience across major Saudi cities.

Saudi Logistics and Aviation Operators Expand Cargo Capacity in Riyadh and Jeddah

Transport operators are adding cargo-handling facilities and automated logistics terminals in Riyadh and Jeddah to accommodate rising e-commerce and international trade volumes.

Saudi Economic Growth Seen Remaining Steady Through 2026

Economists and financial institutions expect continued infrastructure spending and counter-cyclical investment to support steady real GDP growth in Saudi Arabia through 2026.

Islamic Trade Finance Corporation Expands Support for Trade and Energy Corridors

The International Islamic Trade Finance Corporation is increasing trade-finance operations aimed at strengthening supply chains, energy security and transport links across member economies.

Islamic Development Bank Chairman Visits Bangladesh for Energy and Infrastructure Talks

Islamic Development Bank Group Chairman Muhammad Al Jasser is visiting Bangladesh to review existing development projects and sign financing agreements supporting energy security and resilient infrastructure.

Saudi Aramco Sets September Propane Contract Prices for Asian Buyers

Saudi Aramco has finalized its September propane contract prices for customers in Asia as regional petrochemical feedstock markets continue to adjust to shifting supply conditions.

Saudi Aramco Base Oil Company Signs 10-Year Supply Agreement With Aramco

Saudi Aramco Base Oil Company has secured a 10-year feedstock and return-streams agreement with Saudi Aramco, providing long-term supply for its Jeddah facility.

Saudi Arabia and Hong Kong Expand Cooperation on Digital Government and AI

Hong Kong’s Applied Science and Technology Research Institute and Saudi Arabia’s Digital Government Authority signed an agreement at LEAP 2026 covering digital government, artificial intelligence research and technology talent development.

Saudi Banks Maintain Strong Liquidity and Stable Credit Growth

Saudi financial regulators report that commercial banks continue to hold solid capital and liquidity buffers, with low non-performing loan ratios and healthy lending growth supporting private businesses and major projects.

Saudi Arabia Highlights Non-Oil Growth as Vision 2030 Diversification Advances

Government planners and financial institutions say expansion in Saudi Arabia’s non-oil economy continues to support diversification and employment growth under the Vision 2030 program.

HUMAIN Deploys First AMD Instinct GPU Systems in Saudi Arabia

HUMAIN says its first AMD Instinct graphics processing systems are now operating in the Kingdom, adding domestic high-performance computing capacity for enterprise and artificial intelligence workloads.

AWS and HUMAIN Plan Saudi AI Zone With Up to 50 Megawatts of Capacity

Amazon Web Services and HUMAIN have expanded their partnership to develop a dedicated artificial intelligence zone by 2028, with up to 50 megawatts of capacity and integration of HUMAIN’s Arabic-language ALLAM model into Amazon Bedrock.

Saudi Aramco Expands Crude Loading Outside Strait of Hormuz to Maintain Asian Supply

Saudi Aramco is offering more September-loading crude through ship-to-ship transfers off Sohar in Oman, helping maintain exports to Asian refiners amid maritime security disruptions around the Strait of Hormuz.

HUMAIN and DataVolt Begin Construction of 100-Megawatt Data Center at Neom’s Oxagon

PIF-owned HUMAIN and DataVolt have started work on the first 100-megawatt phase of a planned 360-megawatt data center campus at Oxagon, part of Saudi Arabia’s broader push to expand large-scale digital infrastructure.

AWS Confirms December 2026 Launch for First Saudi Cloud Region

Amazon Web Services says its first cloud infrastructure region in Saudi Arabia remains on track to open in December 2026, backed by planned investment of more than $5.3 billion.

LEAP 2026 Opens in Riyadh With More Than $15 Billion in Technology Deals

The fifth LEAP technology conference opened in Riyadh with more than $15 billion in announced technology launches and artificial intelligence partnerships, drawing investors representing $14.3 trillion in assets under management.

Roshn Begins New Residential Handovers Across Saudi Arabia

Public Investment Fund-backed Roshn has started additional home deliveries in master-planned communities in Riyadh, Jeddah and the Eastern Province, expanding housing options for Saudi citizens.

Red Sea Global Advances Resort Openings With 30% of Land Set Aside for Conservation

Red Sea Global is continuing phased openings of luxury tourism properties while maintaining environmental protections that reserve 30% of project land for conservation.

Qiddiya Expands Sports, Cultural and Entertainment Construction

Qiddiya Investment Company is advancing multiple sports, cultural and theme-park projects around Riyadh as Saudi Arabia expands domestic tourism and non-oil entertainment industries.

Saudi Tourism Growth Gains International Recognition

International reports have highlighted Saudi Arabia’s rapid increase in foreign visitor arrivals in recent years, strengthening the Kingdom’s position as an emerging destination for leisure and business travel.

Saudi Arabia Prepares for World Travel Market Spotlight Event in Riyadh

Tourism authorities and hospitality executives are preparing for World Travel Market Spotlight Saudi Arabia, scheduled for September 8-10 in Riyadh to showcase the Kingdom’s expanding travel sector.

Saudi Tourism Ministry Launches Unified Digital Services Platform

The Tourism Ministry has introduced a digital platform at LEAP in Riyadh to streamline licensing, investor services and regulatory procedures for hospitality operators and international visitors.

New Murabba Development Company Changes CEO as Riyadh Megaproject Advances

New Murabba Development Company has announced a chief executive transition as the large-scale downtown Riyadh project moves further into construction and delivery.

King Abdullah Financial District Attracts New International Companies

Riyadh’s King Abdullah Financial District is drawing additional regional headquarters and international financial firms as regulatory incentives and smart-city infrastructure support its expansion.

Saudi Press