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Saudi's SFD invest in electricity project in Rwanda Image SFD

Saudi Arabia’s SFD funds electricity project in Rwanda

The project aims to build a network of medium and low-pressure power lines and electricity distribution transformers to provide electricity to homes, public institutions and social facilities

PIF and Engie sign Mou to build hydrogen projects in Saudi Arabia

Saudi Arabia: PIF, ENGIE to jointly develop hydrogen projects

The two parties will jointly formulate a strategy to best approach the international market and secure offtake arrangements

Address Jabal Omar Makkah (Image: Supplied by Address Hotels and Resorts)

Address Hotels and Resorts debuts 1,484-key property in Makkah

The Address Jabal Omar Makkah in Saudi Arabia is located within the Jabal Omar development

Aramco, PIF and China’s Baosteel steel JV

Saudi Arabia’s sovereign wealth fund PIF reports $11bn loss for 2022

The PIF is in the midst of a global investment spree after it was transformed from a domestically-focused holding company into a sovereign fund in 2016

Umrah season

Saudi Arabia announces start of new Umrah season for GCC citizens, residents

The kingdom’s Ministry of Hajj has launched an electronic application process to facilitate travel for the upcoming Umrah season

Courtyard by Marriott Jubail (Image: Supplied by Courtyard by Marriott)

Courtyard by Marriott opens in Jubail

The 165-key property is located within Saudi Arabia’s Eastern Province

Oil production to be hit after Saudi Arabia announces cuts. Image: Getty Images

Hot summer in the crude oil market as Saudi Arabia’s production cuts kick in

Across the world, where varieties of crude more closely resemble those from Saudi Arabia, prices are shooting up as refineries clamour for alternatives

energy

Saudi Arabia, France sign MoU in energy

The energy cooperation framework aims to advance production of hydrogen and electricity using renewable sources

Saudi oil production cuts

Saudi oil cuts could trigger slowdown in economy

The economy will fall by 0.1 per cent this year if the government raises production in September and by 1 per cent if it holds the course for the rest of 2023

SRC Signs a 3-year sponsorship Deal With Saudi Football Club Al Ittihad image SRC

Saudi’s PIF-owned SRC signs 3-year sponsorship deal with Saudi Football Club Al Ittihad

The sponsorship is part of SRC’s support for the development of Saudi Arabia’s thriving sports sector and key objectives of Vision 2030’s ‘Quality of Life Program’ to promote sporting activity

Hajj season 2023 electronic visa

Saudi Ministry of Hajj starts issuing e-visas for Umrah

The electronic visa process is part of the country’s efforts to facilitate travel and enable more Muslims to perform Umrah rituals

Red Sea Global

Red Sea Global awards contracts worth $2.4bn to Saudi Airlines Catering

The partnership is expected to create more than 500 new jobs for local talent across the kingdom

Steven Gerrard has been named manager of Saudi Arabian side Al Ettifaq

Steven Gerard signed by Saudi Pro League Club Al Ettifaq as manager

Ettifaq are two-time champions but finished seventh in the Saudi Pro League last season

Birmingham Airport

Saudia launches first flight to Birmingham Airport

This is a significant step in Saudia’s strategy of expanding its international network and strengthening connections between the kingdom and the rest of the world

Ramada Encore by Wyndham Al Khobar Corniche (Image: Supplied by Wyndham Hotels and Resorts)

Wyndham to open 79-key property in Al Khobar

Ramada Encore by Wyndham Al Khobar Corniche is located in Saudi Arabia’s Eastern Province

Red Sea Global Water sports

Red Sea Global, North Sails collaborate on sustainable sailing and water sports

The partnership will involve North Sails Apparel providing performance apparel for WAMA, RSG’s water sports brand, catering to the needs of their sailing and water sports staff

Aston Martin partners with EV maker Lucid

Aston Martin partners with EV maker Lucid, extends Mercedes pact

The British automaker will issue new shares to Lucid and make cash payments totalling $232m in exchange for battery-electric powertrain components

Hajj

Hajj season begins, over two million pilgrims expected in Saudi Arabia

The kingdom announced the lifting of Covid-19 pandemic restrictions before the start of the Hajj season

Aramco, TotalEnergies award contracts for $11bn Amiral project

Aramco, TotalEnergies award contracts for $11bn petchem complex

The awarding of the contracts marks the start of construction work on the petrochemical facility

RSG x Al-Ahli Saudi FC deal Image Red Sea Global

Red Sea Global, Al-Ahli Saudi FC sign sponsorship deal

With this deal, Red Sea Global becomes the platinum sponsor of the football club’s first team

ENVI Al Nakheel (Image: Supplied by ENVI Lodges)

ENVI Lodges reveals design of upcoming property in Saudi Arabia

ENVI Al Nakheel will open next year and will feature 25 eco-lodging pods

plant based meat Thryve

IFFCO’s 100% plant-based meat Thryve set to debut in Saudi Arabia

Plant-based meat is increasingly being considered as an alternative to meat products in order to reduce the global carbon footprint of existing food systems

Riyadh Expo 2030

Saudi Arabia unveils Riyadh Expo 2030 master plan

The 226 exhibition pavilions have been meticulously designed in a spherical shape, featuring an equator line running through them

Riyadh Air (Image: Sourced from Riyadh Air Media Centre)

Riyadh Air signs deal for 90 GEnx engines at Paris Air Show

The deal also includes spares and a services agreement to support the airline’s upcoming Boeing 787-9 Dreamliner fleet

Electric buses Saudi Arabia

Saudi’s Transport General Authority introduces self-driving electric buses for Hajj pilgrims

Without requiring human intervention, the buses navigate along a predetermined route, utilising the data collected and analysed during their movement to make informed decisions

Volocopter air taxi

NEOM, Volocopter successfully complete Saudi Arabia’s first air taxi test flight

The air taxi’s test campaign focused on flight performance in local climate and environmental conditions

Airbus helicopters in KSA

Saudi Arabia’s Scopa and Airbus sign $6.7bn helicopter deal

The helicopter deal is part of setting up a domestic defence industry to diversify the Saudi economy

fund

Silicon Valley investor plans $100m Saudi Arabia VC fund

Plug and Play is in talks with Jada to help kick-start the domestic venture capital industry

Uber and Saudi railway deal

Saudi railways integrates Uber’s reserve product on rail platform

The service allows passengers to pre-book up to four reserve rides to and from seven train stations across six cities

flynas A320neo aircraft

Saudi Arabia’s flynas orders 30 A320neo family aircraft

The order is expected to support the carrier’s growth plans as it continues to expand its international routes and destinations network