AVIATION-

Dammam Airports signed agreements and contracts worth over SAR 500 mn to upgrade airport infrastructure, it said on X yesterday. The contracts cover projects for infrastructure development, passenger facilities, and technology upgrades as part of efforts to raise operational efficiency.

ICYMI- General Authority for Civil Aviation launched a SAR 1.6 bn Dammam airports strategy in July, which includes 77 infrastructure projects aimed at bolstering passenger experience and operational efficiency.

REAL ESTATE-

Retal Urban’s subsidiary partners with Roshn to develop buildings in Sedra: Retal Urban Development ’s subsidiary Building Construction Company (BCC) signed a SAR 461.9 mn contract with Public Investment Fund’s Roshn Group to develop six residential buildings within the Sedra community in Riyadh City, it said in a Tadawul disclosure yesterday. The 28-month agreement tasks BCC with the design and execution of the project’s infrastructure, landscaping, and electromechanical works.

Not BCC’s first Sedra contract: Retal Urban Development signed a SAR 493 mn, 30-month contract with BCC to build 371 residential units and develop infrastructure in Riyadh’s Sidra district back in March.

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LOGISTICS-

Madinah plugs SAR 445 mn into its industrial city: Madinah’s Governor Prince Salman bin Sultan bin Abdulaziz broke ground on new industrial and logistics projects valued at SAR 445 mn (USD 121.3 mn), SPA reports. The projects — carried out in cooperation with the Industrial Cities and Technology Zones Authority (Modon) — include 16 smart warehouses and 20 ready-built factories.

INFRASTRUCTURE-

The Saudi Water Authority is now tasked with operating, maintaining, and reconstructing dams and groundwater facilities with daily production of less than 5k cubic meters under a new cabinet directive issued during a meeting held in Riyadh on Tuesday, state news agency SPA reports.

CAPITAL MARKETS-

Tradeweb received regulatory approval to operate alternative trading activities for sukuk and debt instruments, after fulfilling all the requirements, the Capital Market Authority said in a Tadawul statement on Tuesday. The New York-based fintech firm received a license back in July 2024 to carry out securities exchange as an alternative trading system for sukuk and debt instruments.

EXPANSION-

Bait Al Batterjee Brings GYMGUYZ to the Middle East: Bait Al Batterjee Group signed a master franchise agreement with US-based in-home personal training platform GYMGUYZ to bring the brand to the Kingdom, the UAE, Egypt, and Morocco, according to the press release published yesterday. The agreement includes plans to open at least 80 locations across the Kingdom and the UAE starting in 2026, with further expansion to follow.

About GYMGUYZ: Founded in 2008 in New York, the platform offers clients customized and personalized workout plans. Its fast-growing fitness concept pushed it to be the largest in-home personal training company globally, with a presence in thousands of cities in the US, the UK, and Canada, among others, according to the press release.

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