Saudia Cargo, the leading national air cargo carrier in the Kingdom of Saudi Arabia, has announced the expansion of its dedicated fleet with four Boeing 777-200 freighters.
Worley has secured a five-year agreement among 11 contractors selected by Aramco to support major Saudi projects, delivering energy infrastructure, consultancy services, and digital solutions across engineering, construction, and talent development.
Six Senses AMAALA is set to open in mid-July on Saudi Arabia’s Red Sea coast, expanding the brand’s wellness concept. The resort offers 100 suites, villas, and residences in a village-style setting between beaches, lagoon, and clifftop mesa.
Marriott International will open the 464-room The Westin Abha in Saudi Arabia’s Asir region by 2031 under a new agreement with Manarat Al Dheyafah Company. Located in Jabal Thah Valley, the hotel will provide easy access to the airport and city centre.
Bahrain-based investment bank SICO has announced the successful completion of the merger of its key subsidiary, SICO Funds Services Company, into the bank, thus marking the final phase of its strategic integration initiative designed to further boost its integrated operating model.
Gross written insurance premiums in Saudi Arabia increased by 10.7% in 2025 to reach SAR84.3 billion ($22.59 billion), compared with 2024, a report said.
Saudi Arabia has launched a major international initiative to safeguard global shipping lanes, securing the backing of 14 countries for a proposed Maritime Defense Alliance as escalating conflict between the US and Iran raises fresh concerns over the security of two of the world's most important maritime trade corridors — the Strait of Hormuz and the Suez Canal.
The Cityscape brand is expanding to Saudi Arabia’s Western Region with the launch of Cityscape West KSA, sponsored by the Ministry of Municipalities and Housing (MOMAH), creating a dedicated platform for the region.
Saudi food company Al Babtain said it has agreed to sell its entire 3% stake in Jordan-based Chocolate Lake Company to Dubai group Indulgent Food International Holding. The deal is part of Indulgent Food's acquisition of a 70% stake in the confectionery maker from existing shareholders.
Foreign private capital investment in Saudi Arabia's private markets reached SAR20 billion ($5.3 billion) in 2025, representing about 60% of total private capital investment in the Kingdom and marking a significant milestone in the continued expansion of Saudi Arabia's private capital ecosystem.
