Lucid Group announces first overseas manufacturing facility in KSA

US-based luxury electric vehicle manufacturer, Lucid Group, has set the stage for the construction of its AMP-2 production facility in Saudi Arabia,...

Property

KAFD inks strategic deal with hospitality group to develop F&B offerings

King Abdullah Financial District (KAFD) has announced a strategic partnership with hospitality group MJS Holdings (MJS). As per the terms of the...

Construction

Roshn says 10 million manhours achieved with no LTIs on its Sedra project in Riyadh

Roshn, the national community developer backed by Saudi Arabia’s Public Investment Fund (PIF), has said that it has succeeded in completing 10...

Consultant

Saudi’s PIF in talks to make strategic investment in major construction firms

Saudi Arabia’s Public Investment Fund (PIF) is in talks with four of the Kingdom’s leading construction firms, eyeing a minority stake of...

Consultant

JCDC inks deal for land for Phase One of $20.4bn Jeddah Central project

The Jeddah Central Development Company (JCDC) has inked a deal with the Royal Saudi Air Defense Forces Institute to acquire a prime...

Consultant

Emaar, The Economic City inks $30.2mn leasing deal within KAEC Industrial Valley

King Abdullah Economic City (KAEC) master developer Emaar, The Economic City has inked a contract worth $30.2 million with Public Investment Fund-backed...

Consultant

Depa sees investment worth $41mn from Saudi’s Public Investment Fund

Depa has announced that it has entered into a subscription agreement with Saudi’s Public Investment Fund (PIF). The deal sees PIF invest...

Consultant

Saudi Arabia launches Boutique Group to convert historic and cultural palaces into ultra-luxury hotels

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, Chairman of the Council for Economic...

Construction

PIF signs MoU with South Korea’s POSCO and Samsung C&T for green hydrogen production project

Saudi Arabia’s Public Investment Fund (PIF) and South Korea’s POSCO and Samsung C&T Corporation Engineering and Construction Group have announced the signing...