Riyadh’s residential market witnesses solid growth in 2019
The residential sector in the Saudi capital Riyadh has witnessed significant activity levels in 2019, according to new data released ...
Country: Kingdom of Saudi Arabia
Neom to build desalination plant with ‘solar dome’ technology
Saudi Arabia's futuristic $500-billion new city Neom has signed an agreement with the UK-based Solar Water Limited for the construction ...
Saudi Arabia sees record year for foreign investment
A total of 1,131 new international companies set up operations in Saudi Arabia last year, marking a 54 percent increase ...
Saudi Arabia issues RFQ for Round Three of National Renewable Energy Program
Saudi Arabia has issued a request for qualifications (RFQ) for Round Three of its National Renewable Energy Program (NREP). The ...
Saudi non-oil sector posts 4.3 percent growth in Q3
Saudi Arabia’s non-oil sector GDP reported a year-on-year (y-o-y) growth of 4.3 percent in the third quarter (Q3) of 2019 ...
Saudi Arabia unveils 2020 budget with $272bn spend
Saudi Arabia’s King Salman bin Abdulaziz Al Saud issued a royal decree today (December 9) on the general budget for ...
New airport terminal boosts hotel rates, occupancy in Jeddah
The opening of a new airport terminal in Jeddah helped hoteliers as demand for rooms rose by more than 30 ...
Abu Dhabi, Kuwait sovereign funds plan investment in Aramco IPO: sources
The sovereign wealth funds of Abu Dhabi and Kuwait plan to invest in the initial public offering (IPO) of Saudi ...
Saudi’s Mashroat signs key King Fahd Causeway pact
Saudi-based The National Project Management, Operation and Maintenance Organization in Public Entities (Mashroat) and King Fahd Causeway Authority (KFCA) have ...
434 hotel projects underway in Mideast in Oct: STR
A total of 434 hotel projects accounting for 119,991 rooms were in construction in the Middle East and 135 projects ...
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