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Saudi Arabia Expands Renewable Energy and Grid-Scale Battery Investments

The Saudi Ministry of Energy is allocating capital to utility-scale solar, wind and advanced battery storage projects intended to strengthen domestic power grids and expand clean-energy capacity.
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Saudi Arabia Expands Desalination and Wastewater Infrastructure to Strengthen Long-Term Water Security

The National Water Company is committing billions of riyals to additional seawater desalination capacity and upgraded pipeline networks across central and western Saudi Arabia t...

King Salman Energy Park Expands Manufacturing and Logistics Operations in Saudi Arabia’s Eastern Province

Development at the King Salman Energy Park is accelerating, with rising tenant occupancy and completed infrastructure strengthening the specialized industrial zone’s role as a m...

Saudi Arabia’s Tourism Sector Reports Strong Growth in International Arrivals and Hospitality Revenue

Tourism indicators show continued year-on-year increases in international visitors and hospitality revenue across Riyadh, Jeddah and the Red Sea coast, strengthening tourism’s r...

Saudi Aramco Expands Artificial Intelligence Use in Oil Exploration and Reservoir Modeling

Saudi Aramco is deploying high-performance computing and proprietary artificial intelligence systems to improve reservoir analysis and exploratory drilling while seeking to redu...

Saudi Arabia Accelerates Major Infrastructure Projects Across Riyadh and Regional Corridors

Government authorities and regional development agencies are increasing investment in transport, urban renewal and public transit networks as Saudi Arabia continues building inf...

Saudi Arabia and Sudan Establish Coordination Council to Strengthen Red Sea Cooperation

Saudi and Sudanese officials have signed an agreement in Riyadh creating a joint council to expand cooperation across ten economic sectors while strengthening maritime security ...

Neom Recalibrates Selected Projects After More Than Fifty Billion Dollars in Construction Spending

Project assessments and international financial reports indicate that Neom construction spending has exceeded fifty billion dollars, followed by selective contract wind-downs an...

Saudi Aramco and Ma’aden Form Joint Venture to Explore Copper and Critical Minerals

Saudi Aramco and Saudi Arabian Mining Company have agreed to establish a fifty-one-to-forty-nine joint venture focused on copper and energy-transition mineral exploration across...

PIF’s 2026–2030 Strategy Shifts Focus Toward Value Creation and Domestic Economic Ecosystems

Saudi Arabia’s Public Investment Fund has published a new five-year strategy emphasizing value realization across tourism, urban development, advanced manufacturing and renewabl...

Saudi Reinsurance Reports One Hundred and Eighteen Percent Profit Increase in Second Quarter

Saudi Reinsurance reported second-quarter net profit of one hundred and fifteen million Saudi Riyals, supported by stronger premium growth in domestic and international markets ...

Saudi Arabia Raises U.S. Treasury Holdings Above One Hundred and Forty-Two Billion Dollars

Saudi Arabia increased its holdings of United States government debt by one point six percent, taking its Treasury holdings above one hundred and forty-two billion dollars as th...
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