News
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Posted On NewsMecca 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 raise between SAR1.8 and SAR2…
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Posted On NewsLuxury 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 East’s first luxury train cruise…
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Posted On NewsSaudi 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. More than half the value…
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Posted On NewsSaudi 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 to private sector investment, a…
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Posted On NewsMa’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, its CEO said. The country…
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Posted On News$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 first fully sustainable data centre.…
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Posted On NewsAbu 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 Dhabi Developmental Holding Company (ADQ), announced…
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Posted On NewsCeer 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 develop sports seats for its…
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Posted On NewsSotheby’s first Saudi auction: a test of Gulf’s market potential
The troubled international auction house Sotheby’s, now backed by the Abu Dhabi sovereign wealth fund ADQ, is seeking to make history with a first international sale…
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Posted On NewsAramco raises prices as demand from Asia grows
Saudi Aramco, the world’s leading oil exporter, has sharply increased crude prices for March shipments to buyers in Asia. Demand from China and India is…
Liyana Parker
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