Saudi Press

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Monday, Jun 15, 2026
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Diriyah Gate Secures Billions of Riyals in Private Investment for Historic Development Project

The authority overseeing the transformation of the At-Turaif district announced major joint ventures with domestic developers to accelerate the creation of a cultural and luxury tourism destination near Riyadh.
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Saudi Aramco and Dow Chemical Reach Deadline on $3.7 Billion Sadara Financial Guarantee

A June deadline for a $3.7 billion financial guarantee supporting the Sadara Chemical Company joint venture passed without formal market filings, underscoring the complexity of ...

Saudi Water Authority Activates New Desalination Plants on the Eastern Coast

The Saline Water Conversion Corporation commissioned next-generation reverse osmosis facilities near Jubail to reduce the carbon footprint of water production and secure long-te...

Riyadh Season Confirms Expanded Boxing and Entertainment Calendar for Late 2026

Saudi organisers unveiled an extensive programme of international sporting and entertainment events as part of efforts to attract visitors and strengthen the Kingdom's global to...

Red Sea Global Reports Rising Bookings at Luxury Island Resorts

The developer behind Saudi Arabia's flagship Red Sea tourism projects reported a sharp increase in forward reservations, reflecting growing international interest in the Kingdom...

Lucid Motors Increases Production at Saudi Electric Vehicle Plant

Lucid Motors said it is raising vehicle assembly rates at its King Abdullah Economic City facility, strengthening Saudi Arabia's ambitions to become an exporter of advanced elec...

Transport Authority Advances Landbridge Railway Linking the Red Sea and Arabian Gulf

Saudi Arabia finalised key engineering contracts for the Landbridge railway project, which is intended to cut freight transit times and reinforce the Kingdom's position as a reg...

Saudi Arabian Military Industries Signs Technology Transfer Deals With European Defence Companies

The state-owned defence group entered partnerships with European aerospace and maritime companies to strengthen domestic manufacturing capabilities and advance plans to localise...

Saudi Arabia Expands Subsidised Mortgages for First-Time Homebuyers

The government increased support for state-backed mortgage programmes to help younger Saudis purchase homes despite elevated interest rates and rising property prices.

Saudi Central Bank Injects Liquidity to Support Private Sector Lending

The Saudi Central Bank conducted targeted operations to ensure banks have sufficient funding to expand corporate lending amid heavy government borrowing for large infrastructure...

Saudi Women Reach Record Participation in the Private Sector Workforce

Official labour data showed female employment in Saudi Arabia's private sector has reached a record high, with particularly strong gains in finance, technology and hospitality.

Saudi Arabia Extends Tax Amnesty Programme Until June 2026

The Zakat, Tax and Customs Authority prolonged the cancellation of tax fines and financial penalties through June 2026, providing relief for domestic companies and multinational...
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