Sabic and Lenovo have signed an MoU to explore strategic collaboration on industrial innovation and advanced technology development. Signed September 1 during LEAP in Riyadh, the agreement aims to combine expertise, accelerate knowledge transfer and support Saudi Arabia’s industrial transformation.
The Kingdom of Saudi Arabia had issued 268 new industrial licences in May with investments estimated at AED2.23 billion ($607 million), said a report, citing official data. With this, the industrial facilities in the kingdom have risen to 13,870, up 12% from the figure of 12,433 last year.
The "Financial Market Innovation Hackathon" has concluded as part of the Money20/20 Middle East conference in Riyadh.
Growth in the non-oil private sectors of GCC economies accelerated in August, with output and new orders increasing at a faster pace and supplier delivery times improving, despite continued geopolitical uncertainty, according to top ratings agency S&P Global.
Saudi Arabia’s General Authority of Civil Aviation (GACA) has advanced a series of aviation sector partnerships and agreements, including new MoUs with European air navigation organisations and an economic licence for air cargo handling at AlUla International Airport.
The second edition of the Saudi Industry Forum (SIF) has hosted a series of workshops exploring digital transformation, emerging technologies and sustainable innovation.
Saudi Arabia said its air defences intercepted and destroyed a Houthi drone south of Makkah before it could enter the prohibited airspace over the holy city, as the Kingdom faced a widening campaign of attacks by the Iran-aligned Yemeni group.
Saudi Arabia’s innovation agenda is entering a new phase, with the focus shifting beyond technology manufacturing and adoption towards greater investment in R&D, the development of homegrown innovations and technologies, stronger control over intellectual property creation, says Ahmad Saleh, Partner and Head of Innovation, Patents & Industrial Property at Al Tamimi & Company.
Jayasom has opened its Jayasom Wellness Resort, AMAALA, on Saudi Arabia’s Red Sea coast, introducing a luxury integrative wellness destination focused on personalised programmes for long-term health and wellbeing.
Saudi Arabia has identified an estimated 114 million tonnes of ore containing high concentrations of rare earth elements and promising uranium deposits at the Jabal Sayid project in the Madinah region, Energy Minister Prince Abdulaziz bin Salman announced at the 70th General Conference of the International Atomic Energy Agency (IAEA) in Vienna.
