Saudi Arabia

Construction & Real Estate

Dar Global marks 5th anniversary with $23bn development portfolio

Tue, 16 Jun 2026

Dar Global, the London-listed luxury real estate developer, is marking its fifth anniversary following a period of rapid international expansion that has transformed the company into a $23 billion global real estate platform serving investors from more than 125 nationalities.

Construction & Real Estate Travel, Tourism & Hospitality

Qiddiya announces 30-court world-class National Tennis Centre

Tue, 16 Jun 2026

Qiddiya Investment Company has announced the National Tennis Centre – a world-class sports and entertainment landmark -- will position Saudi Arabia as a future hub for international tennis, local grass roots participation and year-round community play.

Construction & Real Estate

$506m Saudi housing projects awarded to Chinese firms

Mon, 15 Jun 2026

Saudi Arabia has awarded new housing projects in Riyadh and Dammam worth more than SAR1.9 billion ($506 million) to Chinese firms, as part of efforts to strengthen the Saudi-Chinese partnership in the housing and construction sectors.

Travel, Tourism & Hospitality

Riyadh Air takes off on first domestic route to Jeddah

Mon, 15 Jun 2026

Riyadh Air launched its first domestic route between Riyadh and Jeddah on June 15, marking a key step in expanding its Kingdom-wide network, with flight frequencies set to increase from two daily services to four from July 2.

Energy, Oil & Gas

Saudi Arabia, Korea deepen energy ties with new agreement

Mon, 15 Jun 2026

Saudi Arabia and South Korea signed an MoU to expand oil and gas cooperation, covering petroleum, petrochemicals, crude storage, pipeline infrastructure, technology, and sustainability initiatives, as the two countries seek to strengthen energy security and investment ties.

Construction & Real Estate

Saudi Arabia residential market records sharp slowdown: report

Mon, 15 Jun 2026

Saudi Arabia's residential market recorded a sharp slowdown in activity during Q1 2026, with transaction volumes falling by 50% year-on-year, according to an analysis by global property consultancy, Knight Frank.

Travel, Tourism & Hospitality

AMAALA welcomes first guests as Four Seasons Resort opens

Mon, 15 Jun 2026

Red Sea Global (RSG) has officially second flagship destination, AMAALA, welcoming its first guests with the opening of Four Seasons Resort and Residences AMAALA at Triple Bay on Saudi Arabia’s northwestern Red Sea coast.

Travel, Tourism & Hospitality

Saudi Arabia, Ireland sign air transport cooperation agreement

Mon, 15 Jun 2026

Saudi Arabia and Ireland have taken a step toward strengthening aviation ties after signing a record of discussions on air transport services between the two countries.

Construction & Real Estate Finance & Capital Market

Riyadh's KAFD DMC secures $3.2bn finance facility

Mon, 15 Jun 2026

King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility.

Construction & Real Estate

NHC signs cooperation deal with China's Sinoma-CDI

Mon, 15 Jun 2026

Saudi Arabia's National Housing Company (NHC) has signed a memorandum of understanding (MoU) with China's Sinoma Chengdu Design and Research Institute of Building Materials Industry Co (Sinoma-CDI) to enhance cooperation in the field of construction and real estate.