National Housing Co. (NHC) signed six agreements with real estate developers at a total value of more than SAR 2 billion to develop and build over 3,800 residential units. According to NHC, the price of these units starts from SAR 475,000 in Al-Assalah Community, in the southwest...
The Saudi stock market drew foreign investments of nearly SAR 400 billion, said Chairman of the Capital Market Authority (CMA) Mohammed El-Kuwaiz. In a panel discussion at the Saudi Capital Market Forum (SCMF) 2024, El-Kuwaiz said this figure represents nearly 12% of ...
Saudi Tadawul Group prioritizes investing in data monetization, diversifying the range of securities offered, and enhancing communication in its growth strategy for the next three to five years, said CEO Khalid Al-Hussan. At a session during the Saudi Capital Market Forum (SCMF)...
Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation,...
Saudi Arabia ranked first on the government electronic and mobile services maturity index (GEMS) 2023, issued by the UN Economic and Social Commission for Western Asia (ESCWA). The Kingdom maintained its leading position for the second consecutive time, with a maturity of 93%. ...
The GCC Supreme Council's approval of the unified tourist visa is a historic step that reflects its commitment to strengthening cooperation and deepening ties in the field of tourism, said Minister of Tourism Ahmed Al Khateeb. The decision will help the gulf countries become a global tourist...
The REITs dominate 34% of the total size of funds in Saudi Arabia, with SAR 192 billion, Al Eqtisadiah newspaper reported, citing Fahad bin Hamdan, Assistant Deputy, Financing, and Investment at the Capital Market Authority (CMA). REITs dominated nearly 18% of the total funds...
Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail witnessed the signing of SAR 2.4 billion worth of memorandums of understanding (MoUs) and agreements, along with the launch of three real estate funds at over SAR 1 billion. The agreements were signed...
Rothschild & Co. opened today, Feb. 18, a new office in Riyadh-based King Abdullah Financial District (KAFD), as part of its strategic expansion in Saudi Arabia, boosting its Middle East presence. The company said this reflects its commitment to Saudi Arabia's growth potential. ...
Saudi Arabia continued to advance on the Road Quality Index (RQI) to the level of 5.7, taking the fourth place globally among the G20 countries, the Saudi Press Agency (SPA) reported, citing the World Economic Forum (WEF) report for 2023. The Roads General Authority (RGA) indicated ...
