The construction cost index in Saudi Arabia’s rose 2.3% year-on-year in August, driven by higher costs in both the residential and non-residential sectors. The construction costs in the residential sector surged 2.1% from a year earlier, while costs in the non-residential sector were up 2.6%.
Dar Global, a leading luxury real estate developer, is reinforcing its commitment to the region's fastest-growing real estate markets by highlighting its flagship residential portfolio across Saudi Arabia and Qatar.
Saudi Arabia is experiencing a significant surge in domestic tourism ahead of the upcoming National Day, with travel platform Wego reporting a 42% spike in domestic flight searches and a 62% increase in hotel searches year-on-year.
Desert Rock Resort has become the first resort in Saudi Arabia to receive Three MICHELIN Keys, the highest distinction in The MICHELIN Guide’s global hotel selection. Red Sea property Shebara Resort has retained its Two MICHELIN Keys in the 2026 selection.
Oil prices fell more than 2% on Monday to their lowest levels in more than a week as hopes for renewed US-Iran diplomacy reduced some of the geopolitical risk premium, while President Donald Trump signalled he could meet Iranian President Masoud Pezeshkian but warned Tehran that much bigger action could follow if it did not change course.
IFS, a leading provider of Industrial AI software, has announced that Arab Tank Terminals Ltd (ATTL) has chosen to implement IFS Cloud embedded with IFS.ai.
IFS, a provider of Industrial AI software, has announced that Arab Tank Terminals (ATTL), an independent bulk liquid storage terminal operator on Saudi Arabia’s Red Sea coast, has selected IFS Cloud embedded with IFS.ai as its enterprise resource planning (ERP) platform.
Saudi Arabia's facility management market is worth more than $50 billion and its size reflects opportunities to maximise asset value, improve urban efficiency, and develop a nationally competitive sector with a global reach.
The Air Arabia-led consortium, Saudi Arabia’s new national carrier, has commenced operations from King Fahd International Airport in Dammam, launching its inaugural flight to Riyadh and marking the start of services from the Eastern Province.
Saudi Arabia continues to strengthen its leading position on the global digital map, with data and artificial intelligence (AI) technologies serving as key pillars in achieving the objectives of Saudi Vision 2030.
