Rotana, one of the leading hotel management companies in the region, has announced the signing of Centro Hail, a new lifestyle hotel developed with Alkhorayef Investment and Development and the Tourism Development Fund.
Saudi Arabia has announced the names of 24 companies that have won licences in the ninth exploration licensing round, the largest in its history to date. The winning entities were awarded 172 mining sites across three mineralised belts in Riyadh, Madinah and Qassim regions.
Saudi Arabia’s foreign direct investment (FDI) net inflows for the third quarter of 2025 surged to SAR24.9 billion ($6.6 billion), up 34% over the previous year. The Q3 figure also showed a 5.2% jump when compared to the previous quarter, said a report.
The value of assets held by local and foreign public investment funds in the Saudi financial market grew by 36.1% annually, climbing by SAR57.9 billion ($15.44 billion) to approximately SAR217.9 billion ($58.11 billion) by the end of the third quarter of 2025, compared to SAR160.1 billion during the same period in 2024.
Saudi Arabia is participating in the World Economic Forum (WEF) Annual Meeting 2026, which opens today in Davos, Switzerland, through the “Saudi House” pavilion initiative with an expanded programme – the largest since the launch of the initiative.
The Saudi Red Sea Authority (SRSA) has launched requirements and regulations for beach operators that redefine beaches as regulated operational environments rather than mere public spaces, establishing a unified national framework to develop the coastal tourism sector by managing risks, enhancing quality, and prioritising the protection of life.
As Saudi construction sector moves at unprecedented scale and speed, Big 5 Construct Saudi has positioned its January edition as the first major industry touchpoint of the year. The four-day event focuses on fit-out, finishing and project delivery at a critical moment when project developments are rapidly moving from design into execution, said the event organisers.
Arabian Contracting Services Company (Al Arabia) has announced that it has won Cluster 2 Airports Company's bid for setting up billboards (digital interactive and digital screen structures) at 18 airports across the kingdom in addition to its operation and maintenance for a 10-year period.
KEC International, a global infrastructure engineering, procurement and construction major, has announced the successful completion and energisation of a 380 kV double circuit OHTL in Saudi Arabia. Spanning 103km with 239 towers, it was among the most challenging transmission line projects in the region.
Saudi Arabia's General Entertainment Authority (GEA) has announced the launch of the second annual “Million Riyal Menu,” sponsored by Riyadh Season.
