The Saudi Arabia Ministry of Energy announced the winning bidders for eight licenses covering the establishment, development, operation, and maintenance of liquefied petroleum gas (LPG) filling and storage facilities, as well as the wholesale distribution of LPG to consumers.
Saudi Arabia and France have signed a joint action programme to deepen tourism cooperation, focusing on investment, sustainability, innovation, workforce development, data sharing and destination marketing, following high-level talks on the sidelines of the UN Tourism Executive Council.
Riyadh Air, Saudi Arabia's new national carrier and a subsidiary of the Public Investment Fund (PIF), launched its inaugural flight, RX401, from King Khalid International Airport in Riyadh to London Heathrow Airport on Wednesday.
The Kingdom of Saudi Arabia and Türkiye have signed two agreements to expand co-operation in the logistics and railway sectors following talks between their transport ministers in Riyadh. The first deal covers logistics services and operations, while the second focuses on the railway sector.
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.
