Business & Money | Thursday 4 December, 2025 1:21 pm

Saudi Arabia targets 36,000 factories by 2035: Deputy Industry Minister

Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Salamah stated that Saudi Arabia’s primary target for the industrial sector by 2035 is to reach 36,000 factories with a local output expected to reach SAR 1.4 trillion, double the sector’s cumulative growth over ...

More Details

Business & Money | Thursday 4 December, 2025 9:15 am

Equipment House wins SAR 100M project from Health Ministry

Scientific and Medical Equipment House Co. (Equipment House) was awarded, on Dec. 3, a project valued at SAR 100 million, including VAT, by the Ministry of Health, the company said in a statement to Tadawul. The project entails renovating and developing the infrastructure of King Fahd...

More Details

Business & Money | Wednesday 3 December, 2025 11:51 am

Saudi Arabia shifts from economic cycle: Al-Jadaan

Saudi Finance Minister Mohammed Al-Jadaan said the Kingdom spent four decades facing fiscal-policy challenges, mainly because government spending rose and fell with the economic cycle, tracking oil prices and activity, which caused unwanted volatility. At a panel on sustainable development in...

More Details

Business & Money | Wednesday 3 December, 2025 11:46 am

“Soudah Development” and “National Grid” Sign SAR 1.3 Billion Agreement to Power Soudah Peaks

 Soudah Development, a Public Investment Fund (PIF) company, chaired by HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, has signed a landmark agreement with National Grid, a Subsidiary of the Saudi Electricity Company, valued at more than...

More Details

Business & Money | Wednesday 3 December, 2025 10:41 am

Black Hat MEA Becomes World’s Largest Cyber Security Gathering, Increasing in Size by 55%

Black Hat MEA opened today with a surge of energy as global CISOs, founders, policymakers and researchers gathered in Riyadh to decode the next wave of cyber risk. Day one delivered high-pressure intelligence, frontline lessons and live research across the Executive Summit, Briefings, Deep Dive and ...

More Details

Business & Money | Wednesday 3 December, 2025 8:55 am

Finance Minister says Vision 2030’s next phase will maximize impact

Finance Minister Mohammed Al-Jadaan said the next phase of Vision 2030 will focus on maximizing impact and preparing for the post-2030 era. At the FY2026 budget press conference, he noted 93% of Vision 2030 performance indicators are achieved or on track. He added 299 indicators have been ...

More Details

Business & Money | Tuesday 2 December, 2025 1:37 pm

Expo 2030 Riyadh awards contract for detailed project masterplan

Expo 2030 Riyadh Co. (ERC) awarded the contract for the detailed masterplan and design of public realm, landscape, infrastructure and utilities for Expo 2030 Riyadh and its legacy to Buro Happold to serve as lead design consultant. This partnership marks a pivotal milestone that reflects Saudi ...

More Details

Business & Money | Tuesday 2 December, 2025 1:36 pm

Retal, NHC to develop SAR 5.2B project in Al Fursan suburb

Retal Urban Development Co. signed on Dec. 1 an agreement with National Housing Co. (NHC) for a residential real estate project valued at SAR 5.2 billion in Al-Fursan suburb (Phase 3) in Riyadh.In a statement to Tadawul, the company said the agreement primarily covers the development of 4,839...

More Details

Business & Money | Tuesday 2 December, 2025 7:51 am

OPEC deal rewards investors, believers in demand growth: Minister

Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, said that the OPEC agreement concluded on Nov. 30 rewards those who invest and believe in the existence of demand growth, placing producers in an advanced position among global peers. According to Al Ekhbariya TV, the...

More Details

Business & Money | Monday 1 December, 2025 10:44 am

PIF investments in Japan total $11.5B through 2024: Al-Rumayyan

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), said the fund began investing in Japan in 2017, with total investments reaching around $11.5B through 2024. Speaking during a session at the FII Priority Asia Summit held in Tokyo, Al-Rumayyan said PIF investments in...

More Details