The move by Crown Prince Mohammed bin Salman in Saudi Arabia into unveiling the National Red Sea Sustainability Strategy is an ambitious effort put out to protect marine ecosystems as…
On Tuesday, Saudi Arabia's Cabinet, headed by Crown Prince Mohammed bin Salman, approved the Kingdom's state budget for the fiscal year 2025. The budget projects revenues of SR1.18 trillion ($315.73…
Saudi Arabia's mega-project NEOM will be presented as a generational investment with a long-term horizon, Minister of Investment Khalid Al-Falih said. "This is not for a short period of time,"…
Saudi Arabia's economy is likely to be accelerated by 1.7% in 2024, as its growth would considerably accelerate to 4.7% in 2025 and 2026, Moody's says. The Saudi government itself…
Saudi licensed endowment investment funds have recorded a new peak in net assets at SR1 billion, or $266.67 million, as of 2024, which was a 29.3% rise from last year.…
Al-Shuaibah 1 Solar Photovoltaic Project is one of ACWA Power's notable 600-megawatt renewable energy facilities. It has signed the commercial operation certificate with Saudi Power Procurement Co., which will clear…
ROSHN, the new multi-asset real estate developer backed by Saudi Arabia's Public Investment Fund, is launched with a brand and strategic positioning that seeks to make the company the preeminent…
Qiddiya Investment Co, the flagship project under the Public Investment Fund (PIF) of Saudi Arabia has recently launched an executive office, which is focused on enhancing partnerships of the Company…
Saudi Aramco has reported a net income of SR103.37 billion which translates to $27.52 billion for its third quarter of the year 2024, surpassing the predicted earnings of equity analysts…
Saudi Arabia will invest $25 billion in Africa's private sector in the next ten years as a result of economic and trade cooperation improvements between the Kingdom and the continent,…
