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Saudi Arabia’s Public Investment Fund Acquires $26.4 Billion Stake in SpaceX

Saudi Arabia’s Public Investment Fund disclosed the purchase of about 154 million Class A shares in SpaceX, deepening the sovereign wealth fund’s push into frontier technology and space infrastructure.
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Saudi Financial Regulators Expand Digital Finance Sandboxes for Fintech and AI Platforms

The Saudi Central Bank and Capital Market Authority have admitted additional fintech startups and artificial intelligence-based banking platforms to regulatory testing programs ...

Saudi Arabia’s Non-Oil Economy Set for Strong Growth Through 2026, Analysts Say

International financial institutions expect private consumption, project execution and foreign investment to continue supporting Saudi Arabia’s economic diversification and grow...

Saudi Arabia Strengthens Trilateral Defense Cooperation With Turkey and Pakistan

Defense ministers from Saudi Arabia, Turkey and Pakistan agreed on mechanisms for joint military exercises and technology sharing as the three countries deepen defense-industria...

Saudi Aramco Maintains Oil Export Flows Through Red Sea Infrastructure

Saudi Aramco is using its Yanbu export terminal and East-West pipeline network to maintain reliable crude shipments to international markets while reducing exposure to regional ...

Saudi Arabia Forms 13-Nation Maritime Defense Coalition to Protect Red Sea Shipping

Saudi Arabia and 12 regional partners have joined a new naval coalition aimed at safeguarding commercial shipping lanes and key maritime choke points amid continuing geopolitica...

Saudi Arabia Completes $8.5 Billion Green Hydrogen Plant in Neom

The Neom Green Hydrogen Company has completed construction of its Oxagon facility and begun commissioning ahead of planned commercial operations in 2027, with the plant designed...

Saudi Arabia Extends Riyadh Entertainment and Cultural Festival Calendar

The General Entertainment Authority has announced an expanded schedule of concerts, sporting exhibitions and cultural events in Riyadh designed to sustain domestic consumer acti...

Aramco Digital and Global Technology Firms Launch Cybersecurity Academy in Dammam

Aramco Digital is partnering with international cybersecurity companies to establish a specialist training academy in Saudi Arabia’s Eastern Province, with the goal of developin...

Red Sea Global Launches Autonomous Electric Transit Network at Coastal Resorts

Red Sea Global has introduced an electric autonomous transport network linking airports, luxury resorts and marine conservation centers as part of its sustainable tourism develo...

Saudi Electricity Company Expands Smart Grid and Renewable Integration in Southern Provinces

Saudi Electricity Company is investing heavily in transmission upgrades and grid infrastructure across Asir, Jazan and Najran to accommodate new utility-scale solar projects and...

Diriyah Gate Signs Agreements for Fifteen New Five-Star Hotels

The Diriyah Gate Development Authority has signed contracts with international hotel operators for fifteen luxury properties in Diriyah, expanding Saudi Arabia’s high-end touris...
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