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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Business & Money | Wednesday 14 January, 2026 3:57 pm

Mining ‘profitable sector,’ key to economic diversification: Al-Falih

Minister of Investment Khalid Al-Falih said mining is a profitable sector, citing the robust performance and profitability of Saudi Arabian Mining Co. (Maaden), adding that the market has rewarded the company through its share price. Speaking during a session at the Future Minerals Forum,...

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Business & Money | Wednesday 14 January, 2026 3:51 pm

PIF, RSAH sign initial terms for aluminum complex

The Public Investment Fund (PIF) signed today, Jan. 14, preliminary terms with Red Sea Aluminium Holdings (RSAH) to develop an advanced, fully integrated aluminum complex in Yanbu, western Saudi Arabia. RSAH is a joint venture between Innovation Global Industries, Innovation New...

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Business & Money | Tuesday 13 January, 2026 10:59 am

Arabian Drilling extends 3 land rig contracts with Aramco for SAR 1.4B

Arabian Drilling Co. signed today, Jan. 13, three contract extensions for land rigs with a total value of SAR 1.4 billion, adding 25 rig years to its backlog, according to a statement to Tadawul. One rig is operational, the second will start operations by the end of January, and the third is...

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Business & Money | Tuesday 13 January, 2026 10:07 am

Mouwasat approves new hospital project worth SAR 900M in Riyadh

Mouwasat Medical Services Co.’s board of directors approved today, Jan. 12, the establishment of a new hospital in Riyadh’s Al-Narjis district. The new hospital will encompass 280 beds and specialized medical centers, at a total cost of SAR 900 million, according to a statement to...

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Business & Money | Monday 12 January, 2026 11:33 am

Al-Falih: Blue hydrogen exported to Japan, green hydrogen exports poised to begin

Minister of Investment Khalid Al-Falih said that Saudi Arabia was the first country to export blue hydrogen to Japan and is preparing to start exporting green hydrogen soon from the largest green hydrogen plant in NEOM, developed by ACWA Power. Speaking at the Saudi–Japan Ministerial...

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