Business & Money | Thursday 30 October, 2025 1:59 pm

A new Report Charts Pathway for Saudi Arabia to Lead Regional Alzheimer’s Disease Care

Economist Impact, commissioned by Lilly, today launched a strategic roadmap for Saudi Arabia to become a regional and global leader in Alzheimer’s disease care, supporting the Kingdom’s Vision 2030 reforms.  Saudi Arabia has already introduced several initiatives aiming to improve...

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Business & Money | Wednesday 29 October, 2025 1:14 pm

NEOM and WuXi AppTec sign strategic MoU to advance Saudi Arabia’s biotech sector

NEOM, the sustainable region taking shape in northwest Saudi Arabia, has signed a strategic memorandum of understanding (MoU) with WuXi AppTec, a leading global pharmaceutical contract research, development and manufacturing organization (CRDMO).  Under the terms of the agreement, a...

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Business & Money | Tuesday 28 October, 2025 12:36 pm

Time to cut govt, PIF spending, let pvt sector invest: Minister

Saudi Arabia should now scale back the spending by the government and the Public Investment Fund (PIF) and allow the private sector to take the lead in investment, said Minister of Investment Khalid Al-Falih. Many largescale projects that require substantial expenditure have now reached an...

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Business & Money | Monday 27 October, 2025 8:00 am

Sulaiman Al Habib to build 2 hospitals worth SAR 2B in Dammam, Riyadh

Dr. Sulaiman Al Habib Medical Services Group’s (Sulaiman Al Habib) board approved plans to build two new hospitals in Dammam and Riyadh, with a combined estimated investment of around SAR 2 billion. The Dammam project will be developed by Sehat Al Sahel Co., a wholly owned subsidiary, on a...

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Business & Money | Thursday 23 October, 2025 12:53 pm

Adeer auctions Razon Al Musk hotel in Makkah for SAR 593.3M

Adeer Real Estate Co. announced the sale of Razon Al Musk hotel towers in Makkah, owned by Al Ahli Diyafa Real Estate Co., through a public auction held in Jeddah on Oct. 22. The property sold for SAR 593.3 million, Adeer said in a statement to Tadawul. The transaction is expected to have ...

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Business & Money | Thursday 23 October, 2025 12:39 pm

Maaden signs SAR 391.1M EPCM deal with SABCO, Bechtel Australia

Saudi Arabian Mining Co. (Maaden) signed an engineering, procurement, and construction management (EPCM) services contract worth SAR 391.1 million ($104.3 million) with Saudi Arabian Bechtel Co. (SABCO) and Bechtel Australia Pty Ltd. In a statement to Tadawul, Maaden said the 39-month contract ...

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Business & Money | Wednesday 22 October, 2025 1:24 pm

Al-Quwaiz suggests reviewing foreign ownership next

Mohammed Al-Quwaiz, Chairman of the Capital Market Authority (CMA), said that after canceling the Qualified Foreign Investor (QFI) system and opening the main market (TASI) to all non-resident foreign investors, the next step will be reviewing foreign ownership limits, currently set at 10% per...

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Business & Money | Wednesday 22 October, 2025 1:20 pm

Arabian Dyar and MODON Sign Strategic Agreement to Develop Over 90 Ready-Made Factories in Jeddah

Arabian Dyar Real Estate Development Company has signed a strategic partnership with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to develop and construct ready-made factories in Jeddah, advancing its expansion into Saudi Arabia’s industrial and logistics...

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Business & Money | Wednesday 22 October, 2025 9:26 am

MIS wins 2 projects worth SAR 151.9M from SDAIA

Al Moammar Information Systems Co. (MIS) said it bagged two projects from the Saudi Data & AI Authority (SDAIA) worth SAR 151.9 million, inclusive of value-added tax (VAT). The first project aims to deliver IT products and services compatible with the National Information Center’s...

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Business & Money | Tuesday 21 October, 2025 9:56 am

MIS wins SAR 98M project with SDAIA

Al Moammar Information Systems Co. (MIS) announced on Oct. 20 the award of a project with the Saudi Data & AI Authority (SDAIA) for SAR 98.04 million, inclusive of value-added tax (VAT). In a statement to Tadawul, the company said the project aims to deliver IT services and products,...

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