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Roshn Taps JPMorgan to Seek International Capital for 2034 World Cup Stadium Project

Public Investment Fund-owned developer Roshn has reportedly hired JPMorgan to lead an equity fundraising process for a new stadium complex planned ahead of Saudi Arabia’s 2034 FIFA World Cup.
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Saudi Medical Team Completes Kingdom’s First Corneal Retrieval Procedure

The Saudi Center for Organ Transplantation said its medical teams completed the country’s first successful corneal retrieval, expanding domestic tissue-transplant capabilities.

Riyadh Launches Professional Robot Sports League With Plans for International Expansion

Saudi Arabia has launched what the source notes describe as the world’s first professional robot sports league in Riyadh, with plans to take the competition to eight internation...

Intel and Hewlett Packard Expand AI Operations in Saudi Arabia

Intel and Hewlett Packard are increasing their presence in the Kingdom through new innovation hubs and operating facilities aimed at serving rising demand for artificial-intelli...

Saudi Arabia Captures 93% of Gulf E-Commerce Investment

Regional data cited in the source notes shows Saudi Arabia attracting 93% of e-commerce venture-capital and infrastructure investment across the Gulf Cooperation Council this ye...

Saudi Mining and Quarrying Output Rises 19% in July

Saudi Arabia reported a 19% increase in mining activity as the government promotes investment aimed at developing mineral resources estimated at $1.3 trillion.

Saudi Tourism Revenue Reaches $81 Billion as Kingdom Pursues 150 Million Annual Visitors

The Tourism Ministry said revenues have reached $81 billion and now account for 5% of gross domestic product as Saudi Arabia works toward its revised target of 150 million visit...

Saudi Telecom Partners With Astranis on Dedicated National Communications Satellite

Saudi Telecommunications Company has agreed with Astranis Space Technologies to launch a geostationary satellite providing dedicated national connectivity as part of a broader $...

Saudi PIF Opens Shanghai Office to Expand Investment Links With China

The Public Investment Fund inaugurated a Shanghai office to facilitate cross-border investment and attract additional Chinese technology and manufacturing capital into Saudi pro...

Saudi AI Company Humain Prepares for IPO 16 Months After Launch

Humain is preparing for an initial public offering after expanding its Arabic large-language model, enterprise products and infrastructure partnerships with technology companies...

Saudi AI Firm Humain Begins Construction of 360-Megawatt Neom Data Centre

State-backed Humain has broken ground on a 360-megawatt hyperscale data centre in Neom’s Oxagon industrial district with DataVolt, with the project planned to run entirely on re...

Saudi PIF Acquires 93% of Electronic Arts for $55 Billion and Sells Majority Al-Hilal Stake

Saudi Arabia’s Public Investment Fund acquired a 93% stake in Electronic Arts for $55 billion while selling 70% of football club Al-Hilal, shifting more of its sports and entert...
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