Al Rajhi Capital and LogiPoint have entered into a deal to establish a dedicated investment fund for the development of the South Jeddah Logistics and Industrial Park, a landmark mixed-use logistics and industrial project in the Saudi port city, at a total investment of SAR5 billion ($1.3 billion).
Riyadh Air, Saudi Arabia’s new national carrier, has launched daily flights between Riyadh and Dhaka, marking its entry into the Bangladeshi market and its ninth operating destination since beginning operations on June 10, 2026.
Saudi Arabia’s cement sales volumes recorded a solid boost rising 5.5% month-on-month in July to 4.63 million tonnes, while it was down 1.8% over last year. Yamama Cement dominated its position as the market leader, with a 15.3% share of year-to-date cement sales through the month.
Saudi Arabia is stepping up efforts to drive sustainable development in the Jazan region, with authorities overseeing 38 strategic projects aimed at upgrading infrastructure, attracting investment and supporting long-term economic growth under the kingdom's Vision 2030 agenda.
Saudi Arabia and Kuwait are strengthening economic and logistical integration through a digital customs data exchange system and expanded co-operation on railway development, aimed at improving cross-border trade and transport links.
Saudi-based Remat Al Riyadh Development has signed a contract for the installation, operation and maintenance of advertising billboards on building facades at three locations across Riyadh. This comes as part of its efforts to expand and regulate the city's outdoor advertising network.
Abha International Airport set a new operational record on 5 July, handling more than 130 flights in one day. The milestone included 117 domestic and 15 international flights, marking its highest-ever daily traffic volume.
Hyundai Motor Group today announced the launch of its expanded joint traineeship programme, in collaboration with the Mohammed bin Salman Foundation “Misk”.
Deutsche Bank, the leading German bank with strong European roots and a global network, said it has been granted licence by the Ministry of Investment of Saudi Arabia (MISA) to set up its regional headquarters in Riyadh. This will be Deutsche Bank’s third legal entity in the kingdom.
flynas has inaugurated its first direct flights between Riyadh and Alexandria, Egypt, further expanding air connectivity between Saudi Arabia and regional destinations. The airline will operate three weekly services between Riyadh and Alexandria International Airport.
