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Mecca project developer targets $533m from Saudi listing
Umm Al Qura for Development and Construction (Umm Al Qura), the developer of Masar, a mixed-use project in Mecca, expects to…
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Luxury travel is the engine of Saudi’s tourism market
Saudi Arabia and Arsenale Group, developer of Italy’s La Dolce Vita Orient Express project, have shared designs for the Middle…
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Saudi Arabia awards almost $2bn of contracts in January
Saudi government entities awarded more than SAR6.5 billion ($1.7 billion) of contracts in January, led by housing, infrastructure and industry.…
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Saudi Arabia welcomes private funds for $64bn logistics projects
Saudi Arabia has more than SAR240 billion ($64 billion) of logistics projects underway and planned, most of which are open…
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Ma’aden aims to be world’s most valuable mining company
Saudi Arabia’s majority state-owned Ma’aden aims to grow ten-fold by 2040 to become the world’s most valuable mining company by market capitalisation,…
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$5bn Neom data centre latest deal announced at Leap
Saudi Arabia’s $500 billion futuristic giga-project Neom has signed a $5 billion deal to develop what it claims will be the world’s…
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Abu Dhabi’s Modon plans to buy UK events company
Modon Holding has announced plans to acquire a global events company. Modon, an investment company that is backed by state-owned Abu…
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Ceer strikes $145m deal with Sabelt for EV sports seats
Ceer, Saudi Arabia’s first electric vehicle (EV) brand, has struck a SAR543 million ($145 million) deal with Italy’s Sabelt to…