Business & Money | Sunday 5 July, 2026 7:32 pm

Saudi Arabia set to participate in 2026 UN High-Level Political Forum on Sustainable Development

The Kingdom of Saudi Arabia will participate in the United Nations High-Level Political Forum on Sustainable Development (HLPF) 2026 from July 7-15 in New York. The annual forum brings countries together to review global efforts and progress in delivering on the Sustainable Development Goals (SDGs) ...

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Business & Money | Sunday 5 July, 2026 7:27 pm

Sumou signs management contract with Arsh Real Estate

Sumou Real Estate Co. signed on July 1 a project development management contract with Arsh Real Estate on behalf of Arsh Real Estate Fund 3. In a statement to Tadawul, Sumou said it will receive a development management fee equal to 10% of construction costs, a marketing fee of 3% of...

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Business & Money | Thursday 2 July, 2026 8:00 am

Saudi Arabia ranks 1st globally in 2026 ICT Development Index

Saudi Arabia has ranked first globally in the 2026 ICT Development Index (IDI) issued by the International Telecommunication Union (ITU). The index evaluates the digital development of 159 economies through a range of indicators grouped under two main pillars, namely universal connectivity and...

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Business & Money | Tuesday 30 June, 2026 2:57 pm

NWC Completes 50 Projects at SR +2.4b in 2026

The National Water Company (NWC) continued its efforts to promote and support sustainable development in the Kingdom by completing 50 projects with a total value of 2.4 billion Saudi Riyals throughout 2026. These projects helped deliver water and sanitation services to beneficiaries in various...

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Business & Money | Tuesday 30 June, 2026 2:52 pm

PIF net profit leaps 153% to SAR 65.2B in 2025; assets top SAR 4.5T

Saudi Arabia's Public Investment Fund (PIF) published today, June 30, its independently audited consolidated financial statements for 2025 on the London Stock Exchange.The financial statements showed that the fund delivered strong year-on-year (YoY) profit growth last year, with net profit more...

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Business & Money | Sunday 28 June, 2026 4:53 pm

Cenomi Centers inks SAR 1.33B contract for Al Khobar Downtown Mall, Boulevard

Arabian Centers Co. (Cenomi Centers) signed today, June 28, a design and build contract for the Al Khobar Downtown Mall and Boulevard project with Lynx Contracting Co., at a value of SAR 1.33 billion (excluding VAT). According to a Tadawul statement, the scope of the contract includes design,...

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Business & Money | Thursday 25 June, 2026 9:51 am

RCRC kicks off 4th batch of Riyadh's road projects at SAR 9.8B

The Royal Commission for Riyadh City (RCRC) launched the fourth batch of the Main and Ring Road Axes Development Program in Riyadh, with a total cost of SAR 9.8 billion.The project features the development of four major road corridors spanning a combined length of 40 kilometers and includes 14 key...

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Business & Money | Thursday 25 June, 2026 9:50 am

Jadwa Investment Launches Two Real Estate Funds worth SAR 10 billion in Makkah

Jadwa Investment announced the launch of two real estate development funds in Makkah with an aggregate value of up to SAR 10 billion.  The announcement follows the signing ceremony for both funds held yesterday, marking a significant milestone in Jadwa’s expanding real estate investment ...

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Business & Money | Wednesday 24 June, 2026 8:00 am

Ladun signs two SAR 2.39B development contracts for Qirawan–Al Narjis, Namar lands

Ladun Investment Co. signed today, June 23, two contracts with the Royal Commission for Riyadh City (RCRC) for infrastructure development projects under Phase 1 of the Real Estate Balance Program, covering the Qirawan–Al Narjis lands and Namar land. The projects will be executed by Ladun in...

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Business & Money | Wednesday 24 June, 2026 8:00 am

Geographical zones link real estate opportunities to city needs: Minister

Minister of Municipalities and Housing and Chairman of the board of directors of the General Authority for Real Estate (REGA) Majed Al-Hogail said the Cabinet’s approval of the new geographical zones and executive regulations for the newly-introduced law of real estate ownership and investment by ...

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