Business & Money | Tuesday 9 December, 2025 1:08 pm

NHC CEO warns of rising land prices

The CEO of National Housing Co. (NHC) Mohammad Albuty said that balanced prices encourage developers to offer higher-quality products. However, rising land prices in Saudi Arabia are hurting everyone, including developers and buyers, he added. Speaking to Fi Al-Soura TV program, Albuty...

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Business & Money | Tuesday 9 December, 2025 1:03 pm

Saudi Arabia, Qatar ink deal to build high-speed electric rail link

Saudi Crown Prince Mohammed bin Salman and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani signed an agreement to implement a high-speed electric passenger railway between Saudi Arabia and Qatar. The rail line will span 785 kilometers (km), linking Riyadh and Doha and passing through key...

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Business & Money | Monday 8 December, 2025 11:29 am

East Pipes signs SAR 485M contract with Saudi Water Authority

East Pipes Integrated Co. for Industry (East Pipes) inked on Dec. 7 a contract with the Saudi Water Authority (SWA) valued at over SAR 485 million, VAT inclusive, according to a statement to Tadawul. Under the six-month contract, the company will undertake both manufacturing and supply of...

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Business & Money | Sunday 7 December, 2025 11:45 am

Al-Hogail: Unified rules for joint property owners enhance GCC integration

Majid Al-Hogail, Minister of Municipalities and Housing, said the adoption of unified rules for joint property owners in the GCC at the 46th GCC Summit aims to strengthen integration among Gulf countries and elevates the level of organization within residential communities. He added on his...

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Business & Money | Thursday 4 December, 2025 1:21 pm

Saudi Arabia targets 36,000 factories by 2035: Deputy Industry Minister

Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Salamah stated that Saudi Arabia’s primary target for the industrial sector by 2035 is to reach 36,000 factories with a local output expected to reach SAR 1.4 trillion, double the sector’s cumulative growth over ...

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Business & Money | Thursday 4 December, 2025 9:15 am

Equipment House wins SAR 100M project from Health Ministry

Scientific and Medical Equipment House Co. (Equipment House) was awarded, on Dec. 3, a project valued at SAR 100 million, including VAT, by the Ministry of Health, the company said in a statement to Tadawul. The project entails renovating and developing the infrastructure of King Fahd...

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Business & Money | Wednesday 3 December, 2025 11:51 am

Saudi Arabia shifts from economic cycle: Al-Jadaan

Saudi Finance Minister Mohammed Al-Jadaan said the Kingdom spent four decades facing fiscal-policy challenges, mainly because government spending rose and fell with the economic cycle, tracking oil prices and activity, which caused unwanted volatility. At a panel on sustainable development in...

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Business & Money | Wednesday 3 December, 2025 11:46 am

“Soudah Development” and “National Grid” Sign SAR 1.3 Billion Agreement to Power Soudah Peaks

 Soudah Development, a Public Investment Fund (PIF) company, chaired by HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, has signed a landmark agreement with National Grid, a Subsidiary of the Saudi Electricity Company, valued at more than...

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Business & Money | Wednesday 3 December, 2025 10:41 am

Black Hat MEA Becomes World’s Largest Cyber Security Gathering, Increasing in Size by 55%

Black Hat MEA opened today with a surge of energy as global CISOs, founders, policymakers and researchers gathered in Riyadh to decode the next wave of cyber risk. Day one delivered high-pressure intelligence, frontline lessons and live research across the Executive Summit, Briefings, Deep Dive and ...

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Business & Money | Wednesday 3 December, 2025 8:55 am

Finance Minister says Vision 2030’s next phase will maximize impact

Finance Minister Mohammed Al-Jadaan said the next phase of Vision 2030 will focus on maximizing impact and preparing for the post-2030 era. At the FY2026 budget press conference, he noted 93% of Vision 2030 performance indicators are achieved or on track. He added 299 indicators have been ...

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