SEDCO to open new office in SOM-designed tower in Riyadh’s KAFD

Saudi-based investment company, SEDCO Holding, has announced plans to open a new office in the King Abdullah Financial District (KAFD) in Riyadh....

Sustainability

Serco launches ESG focused ‘Advisory with Purpose’ division

In alignment with the UAE’s Year of Sustainability, Serco has launched an Advisory with Purpose division. The firm says it is committed...

Operations & Maintenance

AlUla Development Company launches operations to support development of AlUla

The PIF-owned AlUla Development Company has launched operations in support of the development of AlUla, it has been announced. According to a...

Construction

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...