Luma AI, the frontier artificial intelligence company building multimodal AGI, has announced plans to open a dedicated office in Riyadh, Saudi Arabia, marking a significant expansion of its presence in the Middle East and furthering the acceleration of HUMAIN Create.
Alargan Projects Company, in partnership with Korea’s GS REDC, has officially announced the launch of Oasis Residence, marking the first Saudi–Korean residential development in the kingdom. Located in north Riyadh, it features 182 modern semi- furnished residential apartments.
Dar Global, an international luxury real estate developer, has concluded a high-level strategic engagement in China, reinforcing its commitment to expanding cross-border investment partnerships as Saudi Arabia’s real estate market opens to foreign non-resident investors.
The General Authority for Civil Aviation (GACA) has granted AirX Charter the licence to operate private charter flights within Saudi Arabia after the company met all regulatory standards and aviation safety requirements. With this GACA nod, AirX will be able to launch operations to all airports in the kingdom.
flynas,a low-cost airline in Middle East, announced the launch of its Dispatcher Cadet Programme to empower ambitious Saudi nationals in the aviation industry. The programme spans 6 months, offering intensive, hands-on training tailored for candidates who already hold a Flight Dispatcher License, preparing them to work to the highest global operational standards in the aviation industry.
Riyadh Air has launched its First Officer Scholarship Programme with guaranteed employment, creating a new pathway for Saudi nationals to train, qualify, and return home prepared to operate the airline’s Boeing and Airbus fleet as First Officer Pilots.
Saudi telco stc Group has secured the tender for the SAR3 billion ($800 million) Silklink project from the Syrian government that involves the setting up of a 4,500 km fibre-optic network across the country, as well as establishing data centres and international subsea cable landing stations.
Saleh Abdulaziz Al Rashed & Sons, a leading provider of construction materials, mining and industrial spare-parts solutions based in Saudi Arabia, has set a price range of up to SAR45 ($12) per share for its initial public offering (IPO) and launched the institutional book-building period.
IBM said it has collaborated with Riyadh Air to set up the world’s first AI-native airline. Designed from the ground up without legacy patchwork, these AI-driven operations provide the foundation to transform guest and employee experiences.
ACWA Power and Bapco Energies signed a Joint Development Agreement to develop a multi-phase 2.8 GW solar plant with large battery storage in Saudi Arabia. Announced at the 2025 Saudi–Bahraini Coordination Council meeting, the project will supply Bahrain’s grid and support its renewable energy transition.
