The Local Content and Government Procurement Authority (LCGPA) has signed two agreements to localise the industry and transfer knowledge for electric vehicles with CEER, in exchange for inclusion on the mandatory list of national products.
Saudi Arabia's hotel market lost momentum in the first half of the year as corporate travel slowed and regional uncertainty dampened demand, but industry fundamentals remain intact, backed by higher domestic tourism spend and an expanding pipeline of hotel projects, an industry expert said.
Saudi Wood Expo, the largest and licensed wood exhibition in the kingdom, will be back for its third edition starting from August 30 in Riyadh bringing together international exhibitors and industry professionals from over 20 countries to explore opportunities in the kingdom's $4.1 billion wood sector.
Khalifa Economic Zones Abu Dhabi – KEZAD Group, one of the largest operators of integrated and purpose-built economic zones in the region, part of AD Ports Group, has signed a long-term land lease agreement with Abu Dhabi Refreshment Company to establish a state-of-the-art beverage production and distribution facility in KEZAD.
AD Ports Group has announced the commencement of cruise services at its three terminals in Sharm El Sheikh, Hurghada, and Safaga in Egypt, in addition to facilitating ferry services connecting Safaga and NEOM ports to support transport of Hajj workers between Egypt and Saudi Arabia.
Saudi Arabia's total mining wealth is estimated at around SAR9.4 trillion ($2.5 trillion) as the mining sector continued its growing expansion as a key pillar in diversifying national economy in 2025.
Volvo Construction Equipment (Volvo CE) has announced that it has begun production of its A30 Electric and A40 Electric, becoming the first manufacturer in the world to bring electric articulated haulers of this size into serial production.
Manufacturers invest 69% of their IT budget into devices, software, and other technologies used to connect their frontline, gain greater asset visibility, and intelligently automate workflows, says a new research.
Etihad Rail has launched a national awareness campaign designed to encourage logistics providers, manufacturers and heavy industry to shift long-haul freight from road to rail.
The Kingdom of Saudi Arabia is projected to generate SAR1.15 trillion ($310 billion) in revenue in 2026, up 5.1% over the 2025 estimate, underscoring the gains from the country’s ongoing economic diversification agenda, said a report.
