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Monday, Jun 01, 2026
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Public Investment Fund Approves New Five-Year Strategy Focused on Tourism and Advanced Industries

Chaired by Crown Prince Mohammed bin Salman, the Public Investment Fund adopted its 2026–2030 investment plan, directing increased capital toward tourism, entertainment, domestic manufacturing and technology-driven economic diversification.
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Red Sea Film Foundation Launches International Co-Production Funding Programme

The organisation unveiled a new grants initiative to support collaborative film projects between European and Middle Eastern filmmakers and expand Saudi Arabia’s presence in glo...

Diriyah Opens New Luxury Retail and Dining District Inspired by Najdi Heritage

The latest phase of the Diriyah development combines international brands with traditional Saudi architecture to create a new destination for residents and visitors.

Saudi Pro League Expands Broadcasting Reach Across Asia and South America

The league signed new international media agreements that are expected to increase overseas viewership and commercial revenues ahead of the new season.

Qiddiya Finalises Preparations for Esports World Cup

Organisers completed key venue and broadcasting arrangements for the upcoming global gaming tournament as Riyadh strengthens its ambitions to become a leading international espo...

Saudi Venture Debt Market Gains Momentum as Startups Seek Alternative Funding

Technology and logistics companies are increasingly turning to venture debt rather than traditional equity financing, reflecting the growing sophistication of Saudi Arabia’s sta...

SABIC Accelerates Development of Major Crude-to-Chemicals Complex

The state-backed industrial group is advancing construction of a facility designed to convert crude oil directly into higher-value chemical products, supporting efforts to incre...

National Cybersecurity Authority Tightens Data Protection Rules for Cloud and Finance Sectors

New regulations introduce stricter encryption and data localisation requirements as Saudi Arabia responds to rising cyber risks and increasing digitalisation across the economy.

World’s Largest Solar-Powered Desalination Plant Begins Operations on Red Sea Coast

The Saline Water Conversion Corporation commissioned a major renewable-energy-powered desalination facility designed to strengthen water security for coastal developments while ...

Saudi Arabia Introduces New Foreign Investment Rules to Simplify Business Operations

Updated regulations provide foreign investors with equal legal treatment, streamline licensing procedures and expand access to independent arbitration mechanisms.

Saudi Government Launches National Biotechnology Accelerator in Riyadh

The Ministry of Health and the Public Investment Fund opened a new biomedical campus aimed at attracting international life sciences companies and expanding domestic pharmaceuti...

Red Sea Global Opens Four New Luxury Island Resorts

The tourism developer inaugurated a new collection of high-end resorts along Saudi Arabia’s western coastline, reporting strong demand from European and American travellers.

Lucid Reaches New Production Milestone at Saudi Electric Vehicle Factory

The electric vehicle manufacturer said output at its King Abdullah Economic City facility has increased significantly, supporting efforts to localise automotive production and r...
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