Al Ghazala Energy Company begins construction of 300MW solar PV project

Saudi-based Jinko Power Technology Co subsidiary – Al Ghazala Energy Company – has begun construction of its Saad Solar PV project in...

Construction

Saudi’s new Event Investment Fund to develop 35 venues by 2030

The Events Investment Fund (EIF) has been launched by Saudi Arabia, and it aims to develop sustainable infrastructure for the culture, tourism,...

Financial

PIF and Ma’aden sign JV to establish new entity to invest in global mining assets

Saudi Arabia’s Public Investment Fund (PIF) and the Saudi Arabian Mining Company (Ma’aden) have signed a joint venture (JV) agreement to establish...

Operations & Maintenance

General Hotel Management to manage Trojena resort

Neom has signed a strategic agreement with General Hotel Management (GHM), the international hotel and resort developer, to manage The Chedi Trojena,...

Construction

US $6.7bn in contracts awarded in Saudi Arabia in Q3 says US-Saudi Business Council

The US-Saudi Business Council (USSBC) has revealed that the total value of awarded contracts across Saudi Arabia for Q3 of 2022 reached...

Property

GCC real estate market to see $1bn in investments in five years from Investcorp

Alternative investment firm Investcorp plans to invest up to $1bn in the GCC real estate market over the next five years, the...

Industry News

Saudi construction segment remains strongest in MENA says JLL

As per JLL’s Q4 2022 KSA Construction Market Intelligence Report, Saudi Arabia’s construction industry continues to lead the MENA region despite macroeconomic...

Construction

PIF subsidiary SEVEN to invest $13.3bn into 21 integrated entertainment destinations in KSA

Saudi Entertainment Ventures (SEVEN) has unveiled plans to invest US $13.3bn into the development of 21 integrated entertainment destinations. The projects are...