Saudi Press

Saudi Arabia and the world

Monday, Jun 22, 2026

Public Investment Fund Invests in Aerospace and Space Manufacturing Consortium to Advance Vision 2030

The Public Investment Fund has completed a major investment in a consortium of advanced aerospace and satellite manufacturing companies. The move supports Saudi Arabia’s ambition to localise space technology, satellite communications and advanced defence manufacturing under its Vision 2030 industrial strategy.

Newsletter

Related Articles

Eastern Province Urban Development Plans Expand Infrastructure in Khobar and Dammam

The Ministry of Municipal and Rural Affairs has unveiled new urban development initiatives for Khobar and Dammam. The plans focus on transport upgrades, expanded green spaces an...

Saudi Red Sea Authority Introduces New Sustainability Rules for Coastal Tourism

The Saudi Red Sea Authority has issued updated regulations to support sustainable tourism development along the Red Sea coast. The framework strengthens environmental protection...

Saudi Arabia Expands Riyadh Season and National Festivals Programme

The General Entertainment Authority has announced an expanded calendar for Riyadh Season and national festivals. The programme will include international performances, cultural ...

Saudi Arabia Launches Scholarships in AI, Biotechnology and Renewable Energy Fields

The Ministry of Education has introduced new scholarship programmes for students pursuing advanced studies in artificial intelligence, biotechnology and renewable energy. The in...

Saudi Electricity Company Invests in Grid Modernisation and Renewable Energy Integration

The Saudi Electricity Company has announced a multi-billion-riyal investment plan to upgrade the national grid. The programme focuses on integrating solar and wind capacity and ...

Saudi Arabia Expands Incentives for Multinational Regional Headquarters in Riyadh

The Ministry of Investment has introduced updated incentives and tax benefits for multinational companies establishing regional headquarters in Riyadh. The policy is part of eff...

Public Investment Fund Advances Alat Electronics Manufacturing Facilities in Riyadh

The Alat initiative under the Public Investment Fund is progressing with new electronics manufacturing facilities in Riyadh. The programme is designed to build a competitive dom...

Saudi Health Ministry Expands Digital Health Platform and Specialist Care Centres

The Ministry of Health has launched a nationwide upgrade of its digital health platform alongside three new specialised care centres in Qassim and Hail. The expansion aims to im...

Saudi Ports Record High Container Volumes at Jeddah Islamic Port and King Abdullah Port

The Saudi Ports Authority reports record container throughput at Jeddah Islamic Port and King Abdullah Port. The performance reflects ongoing investments in automation, logistic...

Saudi Arabia Issues New Mining Exploration Licences in Asir Region

The Ministry of Industry and Mineral Resources has awarded new exploration licences for mining projects in the Asir region. The initiative is aimed at developing precious and in...

Saudi Arabia Plans Expanded Bids for Global Sports Events After Esports Success

The Ministry of Sport says Saudi Arabia will pursue additional bids for international sporting competitions following recent successes in hosting major events. The strategy incl...

Saudi Arabia and China Expand Cooperation on AI and Digital Infrastructure

Saudi Arabia and China have agreed to broaden collaboration in artificial intelligence, cloud computing and fibre-optic telecommunications infrastructure. The agreements reflect...

Saudi Press

0:00

0:00

Saudi Press

Saudi Arabia and the world

0:00

0:00

Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures

South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections

United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos

Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems

Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters

Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation

Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism

Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives

Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak

International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms

Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination

China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties

Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts

Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa

Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns

Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability

Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture

Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance

United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review

European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports

United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount

World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts

United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz

Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province

Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation

United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945

Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict

Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure

United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks

United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President

US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire

World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo

Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies

Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected

Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round

Washington Imposes Crippling Sanctions on Iranian Maritime Authority

Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact

Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets

Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX

U.S. Director of National Intelligence Resigns Amid Administration Shakeup

Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand

Canada and Germany Finalize Historic Long-Term LNG Export Agreement

China Expands International Travel Restrictions on Domestic AI Researchers

Japan Approves Sweeping Overhaul of National Intelligence Apparatus

Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured

Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure

Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease

Generative AI Outperforms Human Baselines in Landmark Global Creativity Study

NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture

South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy