Saudi Press

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Tuesday, Jul 07, 2026
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Saudi Construction Sector Records Nearly $8 Billion in June Contract Awards Led by Major Developers

Saudi Arabia’s construction industry secured 25 major projects worth nearly 29.5 billion riyals in June, with the National Housing Company and Saudi Aramco driving much of the new infrastructure and real estate activity.
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Saudi Crown Prince Invites Bangladesh Leader to Riyadh for Expanded Strategic Partnership Talks

Crown Prince Mohammed bin Salman has invited Bangladesh’s prime minister to Saudi Arabia as both countries seek to strengthen economic ties, trade cooperation and potential Saud...

IMF Praises Saudi Economic Strength but Calls for Continued Fiscal Discipline

The International Monetary Fund said Saudi Arabia’s economy has maintained strong non-oil growth and logistical stability despite regional disruptions, while warning that prolon...

Saudi Arabia Sees Net Foreign Investment Decline as Public Investment Fund Expands Overseas Activity

Saudi Arabia reported higher gross foreign direct investment of $7.1 billion in the first quarter of 2026, but net investment fell as capital outflows increased by more than 50%...

Saudi Arabia Names Artificial Intelligence a National Infrastructure Priority at Riyadh Technology Summit

Saudi officials and technology leaders outlined plans to move from experimental AI projects to nationwide deployment of sovereign cloud systems and Arabic-language models, suppo...

Saudi Arabia and Bahrain Coordinate Response After Iran Introduces Strait of Hormuz Transit Fees

Saudi and Bahraini foreign ministers held urgent talks in Riyadh after Iran announced permanent transit charges for vessels passing through the Strait of Hormuz, raising concern...

Saudi Aramco Cuts Asian Crude Prices by Record Amount as Global Supply Pressures Intensify

Saudi Aramco has reduced the official selling price of its Arab Light crude for Asian customers by as much as $11 per barrel, marking the company’s largest monthly price cut sin...

Saudi Arabia Allocates $16 Billion to Manage Neom Contract Cancellations as Megaproject Scope Is Reduced

The Saudi government has set aside about $16 billion between 2026 and 2030 to compensate contractors affected by early terminations at Neom, as Riyadh shifts focus from the orig...

Saudi Entertainment Authority Unveils Expanded National Events Calendar

The General Entertainment Authority has announced a larger schedule of international sporting, music and cultural events across Riyadh, Jeddah and AlUla to support growth in the...

Saudi Arabia Awards New Mining Exploration Licenses for Critical Minerals

The Ministry of Industry and Mineral Resources has granted new exploration licenses to international companies targeting critical minerals needed for the energy transition and a...

Saudi Arabia Expands Advanced Technology Training Through Global University Partnerships

The Ministry of Education has signed new agreements with leading international universities to provide training in artificial intelligence, robotics and renewable energy for the...

Saudi Export-Import Bank Expands Financial Support for Non-Oil Exporters

The Saudi Export-Import Bank has introduced new financing and credit insurance products for small and medium-sized manufacturers to encourage exports to emerging markets in Asia...
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