Business & Money | Thursday 13 August, 2026 3:45 pm

PIF publishes 2026-2030 strategy document

The Public Investment Fund (PIF) published today, Aug. 12, its strategy document for 2026-2030, which was approved by the fund’s board in mid-April. Under the strategy, PIF will focus on building highly competitive domestic economic ecosystems, enhancing integration across sectors,...

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Business & Money | Thursday 13 August, 2026 12:34 pm

Acwa signs $400M deal to develop desalination plant in Indonesia

ACWA Power (Acwa) signed a joint development agreement with PT GARAM, Indonesia’s state-owned salt producer, to develop the country’s first integrated seawater desalination and industrial salt production facility. The salt production facility will be developed under a build-own-operate...

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Business & Money | Thursday 13 August, 2026 12:05 pm

472 projects worth SAR 233.2B awarded in 2025: SCA

The total value of projects in Saudi Arabia’s construction sector reached about SAR 233.2 billion in 2025, spread across 472 projects, according to the Saudi Contractors Authority’s (SCA) annual report. The total value of projects in Saudi Arabia’s contracting sector reached about SAR...

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Business & Money | Monday 10 August, 2026 3:40 pm

Riyad Bank: Sukuk Subscription Sees SAR 13.6 Billion Orders; Issuance Upsized to SAR 10 Billion

Riyad Bank announced the successful conclusion of its public offering for the additional tier 1 capital sukuk denominated in Saudi Riyals on August 3, 2026. The offering achieved results exceeding announced targets, reaffirming investor confidence in the Bank's position and financial strength.The...

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Business & Money | Sunday 9 August, 2026 4:07 pm

Saudi Tourism Authority and Mastercard announce collaboration to further advance tourism growth across the Kingdom

The Saudi Tourism Authority (STA) and Mastercard have signed a Memorandum of Understanding (MoU) to collaborate in further positioning Saudi Arabia as a tourist destination of choice. The STA will work with Mastercard to further position the Kingdom of Saudi Arabia as a destination of choice...

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Business & Money | Thursday 6 August, 2026 7:30 am

Al-Hogail: Subsidized housing land changes expand supply, private sector partnership

Saudi Cabinet's approval of amendments to Resolution No. 200 on the development of planned land allocated to subsidized housing programs will strengthen public-private partnerships, increase housing supply, and support the provision of housing units for beneficiaries of developmental housing...

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Business & Money | Wednesday 5 August, 2026 8:00 am

The UK-Saudi Real Estate Exhibition Passes £107 Million as Day Two Adds £41.9 Million and Six New Agreements

London, 3 August 2026 — The UK-Saudi Real Estate Exhibition recorded a further £41.9 million in property sales and reservations on its second day, bringing the two-day total to more than £107.6 million. A further 550 visitors attended on Monday, lifting total attendance past 1,450, as the...

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Business & Money | Tuesday 4 August, 2026 8:00 am

HUMAIN makes strategic investment in Saudi AI firm MOZN

PIF-owned HUMAIN announced a strategic investment in Saudi AI company MOZN, combining its integrated AI ecosystem with MOZN’s enterprise products and field engineering expertise to accelerate secure, production-scale AI deployment across financial institutions and the public sector. In a...

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Business & Money | Sunday 2 August, 2026 5:41 pm

RCRC launches road project in Jeddah

The Royal Commission for Riyadh City (RCRC) has begun construction of the Najm Al-Din Al-Ayoubi interchange bridges, marking one of the first phases of the Jeddah Road Development Project. According to an RCRC statement, this phase includes two main bridges serving traffic in both directions,...

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Business & Money | Wednesday 29 July, 2026 5:18 pm

NWC: Naming 2027 as ‘Year of Water’ Reflects Wise Leadership’s Commitment to Water Sector

Dr. Fuad bin Ahmed Alshikhmubarak, CEO of the National Water Company (NWC), affirmed that the Cabinet’s approval to designate 2027 as the “Year of Water” embodies the care and support the water sector receives from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and...

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