Business & Money | Sunday 9 November, 2025 11:13 am

Saudi Arabia working on tourism options for mid, high-mid income groups: Minister

Saudi Arabia is working to develop tourism options tailored for middle- and upper-middle-income brackets, Saudi Tourism Minister Ahmed Al-Khateeb told Reuters. The Kingdom also plans to expand hotel accommodation capacity for Hajj and Umrah pilgrims, following years of focus on developing...

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Business & Money | Sunday 9 November, 2025 9:46 am

Retal signs SAR 972M contract with subsidiary to build 901 housing units in Jubail

Retal Urban Development Co. signed, on Nov. 6, a contract with Building Construction Co. (BCC) to develop 901 residential units (villas) for a project owned by Jubail and Yanbu Industrial Cities Services Co. (JABEEN) in Jubail City, at a total value of SAR 972 million, excluding...

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Business & Money | Thursday 6 November, 2025 10:56 am

SAL to kick off construction work in Riyadh project within 60 days: CEO

Omar Hariri, CEO of SAL Saudi Logistics Services Co., said that the company has begun receiving the land for the Falcon City project in northern Riyadh, with infrastructure works set to begin within 60 days. The first phase in the project will be completed by 2027, with the entire project...

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Business & Money | Wednesday 5 November, 2025 4:24 pm

Al Akaria signs SAR 425M contract for Fai Sedra II residential complex

Saudi Real Estate Co. (Al Akaria) signed a 730-day contract with Rezik Abdullah Saeed Algedrawy Al-Thubaiti & Partners Co. Ltd. to develop the Fai Sedra II residential complex project located in the Sedra, Roshn district in Riyadh. The contract is valued at SAR 425 million (excluding...

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Business & Money | Wednesday 5 November, 2025 4:21 pm

How $22 Trillion in Private Capital Can Become a Driver of Development: EDB's Nikolay Podguzov Presented a Solution at FII9 in Riyadh

The Chairman of the Management Board of the Eurasian Development Bank, Nikolai Podguzov, took part in one of the world’s key investment forums — the Future Investment Initiative (FII9) organized by the FII Institute in Riyadh. Mr. Podguzov joined the panel “Can purpose-driven capital...

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Business & Money | Tuesday 4 November, 2025 10:40 am

KEC subsidiary signs 2 SAR 149M contracts for IWD Project phase 1

Knowledge Economic City (KEC) and its subsidiary, Algharraa International Real Estate Development Co., signed two contracts, today Nov. 4, for the first phase of the Islamic World Avenue project (IWD) valued at SAR 149 million. In separate statements to Tadawul, the company said ...

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Business & Money | Sunday 2 November, 2025 3:17 pm

GWC Participates in ADIPEC 2025

Showcasing Its Innovative Logistics Solutions for the Energy SectorGulf Warehousing Company Q.P.S.C (GWC) — one of the leading logistics service providers in the Middle East and North Africa — is showcasing its leadership in the energy services sector and its strategic vision to strengthen its...

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Business & Money | Sunday 2 November, 2025 2:08 pm

Jazan Chamber, Chinese firm sign EUR 10B deal to set automobile factory

Hazan Chamber of Commerce signed an agreement with China’s Xincheng Jiao Technology Co. to establish a modern automobile manufacturing plant. The Chamber stated in a post on X that the project will involve investments of approximately EUR 10 billion and will span 15 years under the...

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Business & Money | Thursday 30 October, 2025 2:24 pm

Northern Trust, PIF deepen partnership to advance Saudi capital markets

Northern Trust Asset Management, a global leader in investment management, and the Public Investment Fund (PIF) expanded their strategic partnership to support the growth and development of Saudi Arabia’s capital markets and asset management sector. The partnership now includes a new...

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Business & Money | Thursday 30 October, 2025 2:14 pm

BlackRock and PIF Continue Strategic Growth of BlackRock Riyadh Investment Management Platform

Today at the PIF Asset Management Forum, held on the sidelines of the Future Investment Initiative 9th Edition (FII9) in Riyadh, BlackRock Saudi Arabia (BlackRock) and PIF unveiled new mutual funds across asset classes available to both local and global investors through BlackRock Riyadh Investment ...

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