Saudi buyers are prioritising cost-effective, amenity-rich communities that balance value with lifestyle, with quality-driven purchasing decisions increasingly across Riyadh, Jeddah, Makkah, Madinah and the Dammam Metropolitan Area, said a report released ahead of Cityscape Global 2026 expo in Riyadh.
The Saudi-led coalition in Yemen has pledged full operational support for the internationally recognised Yemeni government as it launches a major military offensive to reclaim territory held by the Iran-backed Houthi movement and restore state authority.
Saudi utility giant Acwa Power has announced the financial close of the SAR9.69 billion ($2.5 billion) Rabigh 2 IPP Expansion Project, a 2,313MW combined-cycle power plant in the kingdom’s Western Province.
Enowa, the energy, water and hydrogen subsidiary of mega Saudi futuristic city NEOM, said it has completed the energisation of the Primary Substation South-B (PSS-B), thus marking another major step in expanding Oxagon’s advanced power infrastructure. This comes following the successful operation of BSP South earlier this year.
Saudi economy is set to remain resilient, underpinned by strong oil-sector infrastructure and continued economic diversification, said a report. Revenues are projected to rise 1% in 2027 to SAR1.2 trillion ($314 billion), compared with the 2026 estimate, while government spending is likely to fall 3%.
Saudi-based Alramz Real Estate Company has announced the official launch of its Masar Corner project in Makkah, featuring two towers with a total of 541 residential, commercial and service units and a gross built-up area of 125,000 sq m. The project, located within the Masar destination, is set for completion in 2029.
Qiddiya Investment Company, a subsidiary of Saudi Arabia's sovereign wealth fund PIF, has named its 18-hole championship golf course within its Qiddiya City development as the National Golf Club and appointed Golf Saudi to operate the facility under a five-year management agreement.
BlackRock has joined forces with Saudi wealth fund PIF to launch new mutual funds across asset classes focused on Saudi systematic active equities and Mena fixed income at the ongoing Future Investment Initiative (FII9) event in Riyadh.
Saudi utility major Acwa Power has sealed a SAR1.79 billion ($478 million) water purchase agreement with the Dubai Electricity and Water Authority for the Hassyan project with a capacity of 272,000 cu m of water per day. The scope of work includes development, funding, construction and operation of the SWRO plant.
Remat Al-Riyadh Development Company, the development arm of Riyadh Municipality, has signed a contract with International Modern Industries Company for the development and operation of the first phase of an alternative mobility network spanning about 22 km in the Saudi capital.
