Business & Money | Tuesday 18 November, 2025 12:49 pm

Retal clinches NHC contract to develop 4,839 units at SAR 5.2B

Retal Urban Development Co. was awarded on Nov. 17 a SAR 5.2 billion project by the National Housing Co. (NHC) to develop 4,839 residential units (villas/apartments) in Al Fursan Suburb, Third Area, Riyadh. The project spans a land area of approximately one million square meters, according to...

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Business & Money | Tuesday 18 November, 2025 12:47 pm

Diriyah launches residential project, inks 3 contracts worth SAR 5.7B

Diriyah Company unveiled its latest residential development, the “Manazel Al-Hadawi” project, and the start of off-plan sales, during the company’s participation in Cityscape Global 2025.  The project includes, in its first phase, 239 residential units consisting of apartments and...

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Business & Money | Tuesday 18 November, 2025 12:23 pm

Cityscape Global opens in Riyadh with $43bn worth of deals announced

Cityscape Global 2025 opened today in Riyadh in the presence of senior Saudi government representatives, international decision-makers, and industry leaders from across the global real estate sector. Sponsored by the Ministry of Municipalities and Housing, in partnership with REGA, Vision 2030 and...

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Business & Money | Monday 17 November, 2025 2:19 pm

Al Majdiah signs SAR 1B Riyadh real estate deal

Dar Al Majed Real Estate Co. (Al Majdiah) signed an investment agreement on Nov. 13 with Jadwa Fund 47, managed by Jadwa Investment Co., and landowner Abdullah Al-Qassim to participate in the development of a premium mixed-use real estate project in Riyadh. Under the agreement, Al Majdiah ...

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Business & Money | Monday 17 November, 2025 12:00 pm

Arabian Drilling renews four Aramco contracts worth over SAR 2B

Arabian Drilling Co. secured extensions for four rig contracts with Saudi Arabian Oil Co. (Saudi Aramco), adding more than SAR 2 billion to its backlog, with durations ranging from five to ten years. In a statement to Tadawul, the company said the renewals will add 30 committed...

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Business & Money | Sunday 16 November, 2025 12:27 pm

Events Investment Fund Boosts Saudi Sports, Culture, Tourism and Entertainment Sectors with Launch of First Landmark Project

The Events Investment Fund (EIF) — launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, under the National Development Fund (NDF) — today announced the development of the Riyadh Shooting Range & Entertainment...

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Business & Money | Sunday 16 November, 2025 12:08 pm

Aramco’s $28B Q3 Profit Highlights Strength Amid Volatile Oil Market

Saudi Aramco has once again demonstrated its resilience amid global energy market volatility, reporting robust third-quarter 2025 results that highlight the company’s operational strength and strategic focus on the future of energy.The company posted an adjusted net income of USD $28.0 billion...

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Business & Money | Thursday 13 November, 2025 2:52 pm

Al Tamimi & Company Advises Global Infrastructure Partners on Landmark US$11 Billion Investment in Saudi Arabia’s Jafurah Gas Processing Facilities

 Al Tamimi & Company has advised Global Infrastructure Partners (GIP), a BlackRock investment fund, on its acquisition of a 49% interest in the Jafurah gas processing facilities in Saudi Arabia from Aramco, through an investment in Jafurah Midstream Gas Company. The transaction, valued at...

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Business & Money | Thursday 13 November, 2025 2:23 pm

EIF launches Riyadh Shooting Range development with investment exceeding SAR 491M

The Events Investment Fund (EIF) launched the Riyadh Shooting Range and Entertainment Complex, its first major development project, with an investment exceeding SAR 491 million (over $131 million). Located 40 minutes from Riyadh in Qiddiya, the Kingdom’s new global entertainment hub, the...

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Business & Money | Wednesday 12 November, 2025 1:24 pm

Soudah Development signs agreement with global professional services leader WSP to develop regional planning framework for Soudah and parts of Rijal Almaa

Soudah Development, a Public Investment Fund company chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has signed a strategic agreement with WSP, a world leading professional services firm, uniting its engineering, advisory and...

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