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Public Investment Fund Expands Vision 2030 Portfolio Across Technology, Tourism and Infrastructure

Saudi Arabia’s Public Investment Fund continues to increase investment across technology, renewable energy, tourism, manufacturing and logistics as it drives the Kingdom’s long-term economic diversification programme.
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Saudi Asian Games Boxing Medalists to Earn World Championship Qualification

Saudi boxers who win medals at the upcoming Asian Games will receive direct entry to the World Boxing Championships under a new pathway aimed at developing athletes for future O...

Saudi Arabia Issues Heavy Rain and Flash-Flood Warnings for Western Regions

The National Centre of Meteorology has warned western coastal and mountainous areas to prepare for heavy rainfall, possible flash flooding and unsettled weather during the seaso...

Red Sea Global Accelerates Resort Development as Tourism Demand Grows

Red Sea Global is advancing remaining infrastructure and resort openings along Saudi Arabia’s western coast after reporting strong demand at its Nujuma and Shebara properties.

Neom Advances Construction Work on The Line

Construction groups working at Neom are progressing with foundations, earthworks and tunnelling for The Line as Saudi Arabia continues development of the large-scale project.

Diriyah Company Issues New Tenders for Hospitality and Heritage Development

PIF-backed Diriyah Company has launched new construction tenders covering luxury hotels and heritage projects as development continues around the historic district near Riyadh.

Saudi Fintech Companies Lead Regional Venture Capital Funding

Financial-technology startups in Riyadh and Jeddah captured the largest share of Middle Eastern venture funding during the latest quarter, reflecting growing investor activity i...

Riyadh Air Adds Daily Dubai Service as Regional Network Expands

Saudi Arabia’s new national carrier is launching daily flights between Riyadh and Dubai as the airline builds its regional network and the Kingdom expands aviation capacity.

Saudi PIF Reduces International Sports Spending as Investment Priorities Shift

The Public Investment Fund is pulling back from some overseas sports commitments, including future LIV Golf funding, as it reallocates capital toward domestic projects and other...

Trump Nominates Wesley Hunt as US Ambassador to Saudi Arabia

President Donald Trump has nominated former Texas Representative Wesley Hunt to become US ambassador to Saudi Arabia as Washington and Riyadh deepen diplomatic, defence and econ...

Saudi Arabia Moves to Diversify Supply Chains Away From Disrupted Red Sea Routes

The Ministry of Economy and Planning is seeking alternative logistics and export corridors to protect Saudi non-oil manufacturers from bottlenecks caused by instability around t...

Saudi-Iran Diplomatic Engagement Comes Under Strain Amid Yemen Escalation

Relations between Riyadh and Tehran have become more strained as regional tensions rise and reports emerge of direct US contacts with Houthi representatives over Red Sea security.

Saudi Arabia Expands AI Infrastructure Through PIF-Backed HUMAIN

The Public Investment Fund is building data centres, cloud infrastructure and Arabic-language artificial-intelligence models through HUMAIN as Saudi Arabia expands its domestic ...
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