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Saudi Arabia Signs More Than Three Billion Riyals in Battery Storage Deals to Support Renewable Power

ACWA Power, Saudi Energy and the Saudi Power Procurement Company finalized agreements for large-scale battery storage projects in Haden, Al-Muwaih and Al-Kahafah, with combined capacity of six gigawatt-hours to help integrate renewable energy into the national grid.
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Saudi Arabia Launches Quantum Computing Laboratory at King Saud University

King Saud University has opened a specialized research center with global technology partners to develop quantum computing applications in areas including pharmaceutical researc...

Saudi Esports Nations Cup Postponed to November 2027

Organizers have moved the inaugural Esports Nations Cup in Riyadh from late 2026 to November 2027 after consultations with international stakeholders and regional security asses...

Saudi Arabia Secures New Foreign Manufacturing Commitments in Eastern Province

The Saudi Authority for Industrial Cities and Technology Zones signed land lease agreements with international equipment manufacturers planning production facilities near Dammam...

Saudi Tourism Fund Offers New Incentives for Hospitality Projects in Asir and AlUla

The Tourism Development Fund has introduced financing measures to encourage private investment in boutique hotels, eco-lodges and cultural attractions across the emerging highla...

Saudi Arabia Strengthens Local Electric Vehicle Supply Chain With Advanced Materials

Saudi Basic Industries Corporation is incorporating high-performance polymers and lightweight materials into vehicles produced by domestic electric vehicle maker Ceer, supportin...

Saudi Arabia and World Bank Agencies Expand Financing for Technology and Sustainable Infrastructure

The International Finance Corporation and MIGA have expanded financing and guarantee arrangements with Saudi authorities covering advanced technology, renewable energy and susta...

Saudi Central Bank Reports Strong Liquidity and Resilience Across Domestic Banks

Saudi commercial banks continue to maintain strong capital ratios, healthy deposit growth and substantial liquidity buffers, according to the central bank, despite regional econ...

Saudi Arabia and Sudan Establish Coordination Council on Security and Regional Stability

Riyadh and Khartoum signed an agreement to institutionalize cooperation on security and strategic stability, reflecting Saudi Arabia’s assessment that developments in Sudan are ...

PIF Seeks External Investment for Global Sports Assets Including LIV Golf and Newcastle United

Saudi Arabia’s Public Investment Fund is seeking private-sector capital and co-investors for selected sports holdings as part of a 2026-to-2030 strategy focused on realizing val...

Saudi Arabia Expands Open Skies Agreements to Increase International Connectivity

The General Authority for Civil Aviation has finalized new transit agreements with European and Asian aviation authorities, supporting additional flight frequencies and wider co...

Saudi Debt Management Centre Completes More Than Five Billion Riyals in Domestic Sukuk Issuance

The Ministry of Finance completed a multi-tranche riyal-denominated sukuk issuance with maturities of five to 15 years, drawing strong institutional demand to support public inf...

Saudi Arabia Registers More Than 1,600 Foreign Contracting Companies Amid Mega-Project Expansion

The Saudi Contractors Authority reported continued growth in the number of international engineering and construction firms registered in the Kingdom as companies position thems...
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