Saipem has announced that its joint venture with Nasser Saeed Al Hajri has secured a key engineering, procurement and construction services contract worth €900 million ($1.03 billion) for the Uthmaniyah Gas Compression Plant in the Kingdom of Saudi Arabia. The entire work will be completed within 42 months.
Jayasom, a global integrative wellness hospitality brand, will open its inaugural flagship property at AMAALA on Saudi Arabia’s Red Sea coast in the coming months.
Gallagher, the global insurance brokerage, risk management and consulting firm, has strengthened its commitment to Saudi Arabia through the purchase of a majority share of ACE Re Gallagher Arabia Reinsurance Brokers.
Saudi Arabia's Matarat Holding and the National Center for Privatisation & PPP (NCP) have issued request for proposals (RFP) to qualified bidders for the development of the new Taif International Airport project. A PPP project, it will be implemented under a Build-Transfer-Operate (BTO) model.
Saudi Arabia's economy is expected to accelerate sharply in 2027 after a subdued performance this year, with Riyad Capital forecasting real GDP growth of 6.8% next year compared with 0.9% in 2026, driven by a recovery in oil production and continued expansion of non-oil sectors.
Royal Commission for Riyadh City (RCRC) is gearing up to launch a major urban cooling project in the Saudi capital that aims to reduce temperatures on roads, walls and other urban surfaces by up to 15°C, said a report. Top Greek consulting firm Planet has been signed up as the lead consultant for the project.
Saudia, the national flag carrier of Saudi Arabia, continues its fleet expansion through ongoing planned deliveries of 12 new aircraft throughout 2026, reinforcing its long-term transformation strategy focused on growth, operational efficiency, and enhanced global connectivity.
HSBC has been appointed as an International Primary Dealer by the Saudi Ministry of Finance and National Debt Management Center (NDMC), enabling the global bank to act as an intermediary between foreign investors and Saudi Arabia’s local government debt instruments.
ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF company, has launched the ROSHN Foundation, a non-profit entity dedicated to operating and managing and developing sustainable services and public amenities.
Chapman Freeborn, part of Avia Solutions Group, completed a time-critical charter moving 90 tonnes of oilfield equipment from China to Saudi Arabia, including pumps and oversized parts up to 8 metres, using a Boeing 747 freighter.
