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Saudi Aramco Agrees to Take Significant Minority Stake in AI Company HUMAIN

Aramco and the Public Investment Fund plan to combine artificial intelligence assets and capabilities through HUMAIN, with PIF retaining majority ownership as Saudi Arabia expands its domestic AI infrastructure.
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AlUla and Diriyah Expand Tourism Infrastructure Ahead of Peak Season

Saudi heritage authorities are upgrading visitor facilities, hospitality capacity and supporting infrastructure at AlUla and Diriyah as the destinations prepare for stronger int...

Qiddiya Prepares Aquarabia and Other Major Attractions for Opening

Developers at Qiddiya City are advancing preparations for Aquarabia and other large entertainment assets as Saudi Arabia expands its domestic tourism and leisure offerings.

Saudi Consumer Spending Holds Above $3.5 Billion a Week

Domestic retail data show weekly consumer expenditure remaining above $3.5 billion, indicating resilient household demand across the Saudi economy.

Riyadh Climbs Global Financial Centre Rankings as Capital Markets Deepen

Saudi Arabia’s capital has advanced in international financial-centre rankings amid market reforms, new equity offerings and stronger foreign institutional participation.

Saudi Arabia Advances Broader Energy Mix Across Renewables, Hydrogen and Nuclear

Authorities are pursuing renewable power, clean hydrogen and civilian nuclear-energy frameworks alongside the Kingdom’s continuing role in conventional global energy markets.

Saudi Railways Expand Freight Links Between Industrial Hubs and Ports

Saudi Arabia Railways is strengthening connections between industrial centres including Jubail, Dammam and Ras Al-Khair and maritime gateways as the Kingdom develops its nationa...

PIF Launches Gulf Coast Development Company for Al-Khafji

The Public Investment Fund has created a new company to develop an integrated tourism and residential destination along Al-Khafji’s coastline in Saudi Arabia’s Eastern Province.

Riyadh Hosts UNESCO Global Forum on Ethics of Artificial Intelligence

More than 50 national delegations joined the fourth UNESCO forum in Riyadh to discuss practical approaches to responsible AI governance, institutional capacity and implementatio...

Saudi Fintech Sector Expands to 371 Active Companies

Saudi Arabia’s financial-technology market now includes 371 companies as digital payments and new financial services continue to expand across the Kingdom.

Saudi Housing Transactions Rebound 9% as Urban Demand Strengthens

Knight Frank data show Saudi residential transactions rising year on year in the second quarter, supported by mortgage availability and continued population growth in major cities.

Saudi Arabia Reports Discovery of 114 Million Tonnes of Mineral Resources

New geological surveys have identified substantial mineral resources across the Kingdom, supporting efforts to expand mining as a larger part of Saudi Arabia’s diversified indus...

Arabian Drilling Signs Five-Year Deal for Eight Additional Gas Rigs

Arabian Drilling has agreed with SLB to deploy eight more land rigs, expanding its work on Saudi gas projects as the Kingdom increases domestic production capacity.
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