Saudi Press

Saudi Arabia and the world

Saturday, Jul 11, 2026

Saudi Public Investment Fund Increases Funding for Neom and Red Sea Mega-Projects

Saudi Arabia’s Public Investment Fund has approved higher capital allocations for Neom and Red Sea development projects, aiming to keep major infrastructure targets scheduled for 2026 and 2027 despite changing global economic conditions and regional market volatility.

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Related Articles

Saudi Cities Launch New Urban Development and Green Space Projects

The Ministry of Municipal and Rural Affairs has announced new urban planning and green space initiatives in Riyadh, Jeddah, and other cities to improve environmental quality and...

Saudi Arabia Expands Digital Infrastructure to Support Cloud Computing and Regional Connectivity

The Ministry of Communications and Information Technology has launched new projects to extend high-speed internet and cloud computing infrastructure to underserved areas and sup...

Saudi Ports Report Record Container Volumes After Major Infrastructure Upgrades

The Saudi Ports Authority says national ports have reached record container throughput following investments in automated terminals, dredging projects, and cargo handling techno...

Saudi Arabia Finalizes Agreements to Host More International Sporting Events

The Ministry of Sport and international sports organizations have confirmed new hosting agreements for regional tournaments, reinforcing Saudi Arabia’s growing role in global sp...

Saudi Education Ministry Expands Research Partnerships With Global Universities

The Ministry of Education has announced new research collaborations with international universities focused on desert agriculture, renewable energy, and artificial intelligence ...

Saudi Tourism Development Fund Expands Support for Small Hospitality Businesses

The Tourism Development Fund has announced new financial support programs for small and medium-sized tourism companies, encouraging local entrepreneurs to develop accommodation ...

Saudi Arabia Strengthens Logistics Infrastructure Through New Supply Chain Agreements

The Ministry of Transport and Logistics Services has completed new projects with global logistics companies to improve trade flows, reduce transit times, and strengthen connecti...

Saudi Arabia Develops New Healthcare Research Centres Focused on Genomics and Artificial Intelligence

The Ministry of Health and international medical research partners are establishing specialized research facilities in Riyadh and Jeddah focused on genomic medicine, oncology, a...

Saudi Aramco Expands International Refining and Marketing Partnerships

Saudi Aramco is increasing its downstream presence through new refining and marketing partnerships in international markets, strengthening its global supply chain and long-term ...

Saudi Arabia Introduces New Incentives for Advanced Manufacturing and Critical Minerals Investment

The Ministry of Industry and Mineral Resources has launched fiscal and regulatory incentives for companies investing in advanced manufacturing and mineral extraction, supporting...

Saudi Arabia Expands Global Entertainment and Sports Calendar to Attract International Visitors

The General Entertainment Authority has announced a broader schedule of music festivals, cultural exhibitions, and sporting events in Riyadh and Jeddah as part of efforts to imp...

Public Investment Fund Hosts Technology Summit to Expand Saudi Venture Capital Opportunities

The Public Investment Fund and global technology partners have gathered in Riyadh to discuss investment opportunities in Saudi startups, reflecting growing interest in venture c...

Saudi Press

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Saudi Press

Saudi Arabia and the world

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Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation

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Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns

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United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz

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