Business & Money | Sunday 1 February, 2026 10:05 am

Sumou signs SAR 423.4M tower development contract in Makkah

Sumou Real Estate Co. said it signed a contract on Jan. 29 with Areeb Advanced Real Estate Co. to develop, design, and construct a residential and commercial tower for the Areeb Sumou Makkah Real Estate Fund. The project will be built on a 3,066-square-meter plot in the Jabal Omar...

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Business & Money | Saturday 24 January, 2026 8:00 am

Municipalities Ministry: 99,000 housing product contracts for Saudi families in 2025

The Ministry of Municipalities and Housing said that its achievements in 2025 included signing 99,000 housing product contracts for Saudi households. In a post on its official X account, the ministry said it provided support to 38,000 cases through the Housing Rent Support Program last year,...

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Business & Money | Saturday 24 January, 2026 8:00 am

REGA: Non-Saudi Real Estate Ownership Law enters into force

The Real Estate General Authority (REGA) announced the entry into force of the Law of Real Estate Ownership by Non-Saudis as of today, Jan. 22. In an official statement, the authority explained that applications for real estate ownership by non-Saudis will be received through the official...

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Business & Money | Saturday 24 January, 2026 8:00 am

REGA to disclose geographic zones for non-Saudi real estate ownership in Q1 2026

The Real Estate General Authority (REGA) declared that the Law of Real Estate Ownership by Non-Saudis, which entered into force as of today, comes in line with a regulatory framework based on the Geographic Zones Document”, noting that ownership in the two holy cities of Makkah and Madinah is...

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Business & Money | Tuesday 20 January, 2026 12:40 pm

GACA launches new Al-Jouf Int'l Airport with 1.6M passengers/year capacity

Abdulaziz Al-Duailej, President of the General Authority of Civil Aviation (GACA), announced the inauguration of the new Al-Jouf International Airport, in the presence of Minister of Transport and Logistics Services Saleh bin Nasser Al-Jasser and Al-Jouf Province Governor Prince Faisal bin Nawaf...

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Business & Money | Tuesday 20 January, 2026 11:56 am

Al-Falih: FDI up fivefold since Vision 2030 launch

Saudi Arabia has succeeded in offering a mix that provides optimal access to opportunities while addressing risks, with foreign direct investment increasing fivefold compared with pre–Vision 2030 levels, alongside a doubling of domestic investment, Investment Minister Khalid Al-Falih...

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Business & Money | Thursday 15 January, 2026 4:45 pm

AtkinsRéalis and Qiddiya Investment Company Bring to Life Six Flags Qiddiya City, Saudi Arabia’s First Six Flags Theme Park

 AtkinsRéalis, a global leader in design and engineering, in partnership with Qiddiya Investment Company, has brought to life Six Flags Qiddiya City, the first Six Flags destination in Saudi Arabia and the first Six Flags Park to be built entirely outside North America. The project also...

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Business & Money | Thursday 15 January, 2026 4:33 pm

New Murabba Development Company Awards Parsons Design and Construction Management Contract in Saudi Arabia

Parsons Corporation (NYSE: PSN) announced today that the company was awarded a contract by the Public Investment Fund (PIF)-owned, New Murabba Development Company,to provide design and construction technical support. This 60-month contract represents new work for Parsons. Under the contract,...

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Business & Money | Thursday 15 January, 2026 4:04 pm

NWC completes major development projects in Madinah governorates

The National Water Company (NWC), represented by the Northwest Cluster, has completed a series of development projects in several governorates in Madinah region, with the aim of enhancing the reliability of water supplies, increasing network efficiency, and improving wastewater...

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Business & Money | Wednesday 14 January, 2026 4:06 pm

Saudi Arabia launches mining infrastructure initiative

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef announced the launch of the Mining Infrastructure Enablement Initiative in collaboration with the Saudi Authority for Industrial Cities and Technology Zones (MODON), including the first 75-kilometer treated water pipeline...

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