Saudi Tourism Development Fund (TDF) signed a MoU with Palladium Hotel Group to explore development opportunities across several regions of Saudi Arabia. The agreement focuses on strengthening cooperation, assessing potential projects, conducting feasibility studies, identifying suitable investment structures, and reviewing technical and operational frameworks.
Gulf Hotels Group (GHG) has signed an MoU with Burhan Hotels to enter Saudi Arabia, covering three Makkah hotels with around 1,000 rooms. GHG will operate and manage the properties, oversee renovations and repositioning, and pursue partnerships with international hotel brands as part of its expansion strategy.
Saudi Arabia’s Cabinet has approved a landmark agreement with Qatar to establish a 785-kilometre electric high-speed railway linking Riyadh and Doha, paving the way for one of the Gulf’s most ambitious cross-border transport projects.
Qiddiya Investment Company has announced plans for a landmark new horse racing venue in Qiddiya City, celebrating Saudi Arabia’s deep-rooted equestrian heritage while shaping the future of horse racing in the Kingdom.
The UAE and Saudi Arabia have emerged as the clear leaders of the GCC IPO market, setting the benchmark for scale, sophistication, and investor expectations across the region, according to a new Viewpoint by Arthur D Little.
Construction costs globally are set to increase by 2.4% in 2026, but growing uncertainty due to the phasing and procurement, is the real challenge to project delivery, said an industry expert. In the Middle East, the costs will rise by 4% in Saudi Arabia driven by reliance on imported and specialist materials and 3% in the UAE.
Saudi Arabia and Spain signed two memoranda of understanding (MoUs) to enhance cooperation in the fields of civil aviation and future modes of transportation. The agreements are expected to raise aviation safety standards, enhance security, improve air operation quality, and elevate passenger experience.
Public Investment Fund (PIF), Saudi Arabia's $925 billion sovereign wealth fund, plans to announce a new five-year strategy this week, Reuters said quoting people with knowledge of the matter.
Nemetschek, a leading software providers for the architecture, engineering, construction and operations (AEC/O) industry, has entered into a partnership with Saudi-based Prince Sultan University to support the development of future-ready talent and accelerate innovation across the kingdom.
Saudi Arabia's industrial production index in December 2025 rose 8.9% year-on-year, driven by higher activity in mining and quarrying, manufacturing, water supply and sewerage, as well as waste management and remediation activities, said a report.
