Football’s digital future

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WHAT WE’RE TRACKING TODAY

Iran, Oman in talks to restart commercial shipping through Hormuz

Good morning, folks. In today’s issue we look back at this year’s FIFA World Cup tournament and how it may herald a new — and decidedly digital — future for the sport. To better understand football’s AI-powered age, we sat down with Federico Pienovi, CEO for APAC & MENA at sports tech firm Globant. Our conversation looks at the company’s partnership with the Saudi Pro League, its efforts during this year’s tournament, the local sports ecosystem, and the 2034 World Cup — hosted in our neck of the woods.

Localization is up next. The Saudi Water Authority is driving local production of critical desalination tech, anchoring the world’s first energy recovery device manufacturing facility outside the US.

BUT FIRST- Geopolitical tensions escalated overnight on both the Red Sea and eastern fronts. Yemen’s Houthis said they targeted a Saudi oil tanker they say crossed the group’s naval blockade, despite warning calls. Meanwhile, the Defense Ministry intercepted multiple drones that targeted oil facilities in the Eastern Region last night. The attacks were launched by Iran-affiliated militias from Iraqi territory, the ministry said. In coordination with the US military, the Saudi armed forces conducted retaliatory strikes on the Iraq-based militias.

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Leaders in New York, London, Abu Dhabi, and Singapore are asking the same things, and nobody has built a playbook that works yet. We're all figuring it out in real time — and for Egypt, the stakes are unusually high.

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Hormuz’s middle path

Iran and Oman are negotiating an agreement to restart commercial shipping through Hormuz — with one proposal centered on reopening the waterway's middle passage — in a sign the physical chokepoint on Gulf oil exports could start easing before the diplomatic freeze fully lifts, Bloomberg reports. Even after an agreement, owners would still need naval safety assessments, ins. guidance, and proof the pause in attacks will hold — as the middle passage contains mines laid by Iran, and those would need to be cleared before ships can use it regularly.

Oman is pushing a regional management system, not an Iranian-controlled corridor. Muscat has reportedly presented Tehran with a Gulf-backed mechanism modeled on cooperation in the Strait of Malacca, Reuters reports. The proposal would prevent any one state from controlling Hormuz and create a voluntary fund paid into by users to cover navigation management, environmental protection, and search-and-rescue services

IN CONTEXT- Oman had previously introduced temporary routes north and south of Hormuz’s regular traffic lanes, while Iran pushed ships toward monitored crossings close to its coast for maritime services.

The Red Sea’s loss is Sidi Kerir’s gain

At least eight VLCCs are heading to Egypt’s Sidi Kerir Mediterranean terminal — with arrivals scheduled through mid-August, as Houthi threats and rising war-risk ins. costs push tankers away from Saudi’s Yanbu export terminal and toward Egypt’s pipeline workaround, Bloomberg reports. Aramco started offering additional crude cargoes from Sidi Kerir on a spot basis earlier this week, with no volumes or pricing disclosed.

Why Sidi Kerir? Sidi Kerir lets tankers collect Saudi crude in the Mediterranean without entering the Red Sea or paying Suez Canal tolls. Saudi barrels move through Aramco's East-West Pipeline to Yanbu, then north through the Red Sea to Ain Sokhna. From there, the crude crosses Egypt via the Sumed pipeline and loads onto tankers at Sidi Kerir on the Mediterranean.

Aramco is also weighing a new pricing mechanism for Sidi Kerir cargoes sold to Asia to reflect the higher shipping costs created by rerouting through Sumed, three sources in the know told Reuters. One source estimated the detour around the Cape of Good Hope could add about USD 10 mn per cargo — roughly USD 5 per barrel.

Yanbu traffic, meanwhile, is drying up: No tankers were publicly visible at Yanbu early yesterday, though some may have loaded with their transponders switched off. Traffic through Bab Al Mandab remained relatively brisk, with Chinese vessels, tankers carrying Russian crude, and ships linked to Iran-friendly countries continuing to transit, while Western and more risk-averse Asian operators diverted or limited their exposure.

Alwaleed bin Talal snaps up 5% of Lucid

PIF-backed Lucid Group got a shot in the arm after Prince Alwaleed bin Talal acquired a 5% stake in the company in a USD 129.5 mn transaction, according to a filing. The purchase of 19.5 mn shares was executed during a recent dip in the firm’s stock price, a spokesperson for bin Talal said.

Markets fawned over the news: Lucid shares jumped 31% during yesterday’s trading offering a reprieve for the EV maker, which have taken a 75% plunge over the past 12 months. Lucid recently saw its biggest single-day plunge, dropping over 50% following now-debunked rumors that it is weighing a take-private bid or bankruptcy filing.

A rough time for Lucid: The company has been striving to recover from a turbulent 2025, bringing in new CEO Silvio Napoli and enlisting consulting outfit AlixPartner to improve operations. Despite the critical phase, the PIF doubled down on its backing with a USD 550 mn investment via its Ayar Third Investment arm.

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The big story abroad

After a four-day pause in direct US-Iran hostilities, the Islamic Revolutionary Guard Corps launched an “attempted surprise attack” on US military bases in the region, the US Central Command said. A US military base in Jordan was reportedly targeted, Axios reports.

FIFA is looking to sell around 20% of FIFA Forward Enterprise — a new commercial entity valued at some USD 20 bn. FIFA has enlisted JPMorgan to help raise USD 4.2 bn this year by courting external investors. The move has drawn criticism from fan groups, lawmakers, and UEFA, Europe’s governing body of football, with critics accusing the Switzerland-based non-profit of selling out.

China’s battery giant CATL is making strides into AI, power grids, and ships. As the world’s leading battery manufacturer, the company now powers AI data centers, positioning itself at the forefront of the global transition from fossil fuels to renewable energy, grid stabilization, and heavy industry electrification. Its batteries already power some 1k vessels off China’s coastline and rivers and ports.

Destination Sahel is back for a second edition — and this year, it's not just about the beach.

Gulf sovereign wealth funds are pouring billions into the North Coast, Gulf buyers keep showing up despite regional headwinds, and a new 400km master plan could reshape the whole coastline before summer’s out.

Over this season’s series, stay tuned to see who's really buying Sahel, where the money's coming from, and what could still go wrong.

Plus, the hotels, restaurants, and openings worth checking out this summer.

Tap or click here to subscribe to the Egypt edition, coming out in your inbox today.

Globant’s MENA CEO on SPL, FIFA’s digital transformation

If the 2026 FIFA World Cup in North America is any indication, football is only getting more digital from here. Sports tech companies are promising fans and tournament organizers an AI-powered future that customizes every experience to the fan’s taste and makes lineup submissions, referee assignments, kit selection, and more much easier.

Shortly after the tournament wrapped up, we sat down with Federico Pienovi (LinkedIn), CEO for APAC & MENA at sports tech firm Globant, to talk about the firm’s partnership with the Saudi Pro League, its role in the 2026 World Cup (and the outlook for the 2034 World Cup), and the biggest obstacles to building a world-class sports technology ecosystem in Saudi Arabia. Edited excerpts from our conversation:

EnterpriseAM: How is sports technology changing the Saudi Pro League and the wider sports ecosystem?

Federico Pienovi (FP): Sports technology is fundamentally reshaping how the Saudi Pro League and the broader Saudi sports ecosystem operate, moving the industry from traditional event-based models toward integrated, fan-centric platforms. Saudi Arabia, backed by an unprecedented investment program across leagues, venues, and homegrown competitions, is accelerating faster than any market before it. The Kingdom is executing a mandate that spans league development, federation reform, and global event acquisition, with sport projected to contribute USD 22 bn to the Saudi economy by 2030.

What makes this transformation distinctive is the absence of legacy constraints. Saudi Arabia has the prospect to build the world’s most connected sporting ecosystem from the ground up, with full design freedom. Technology is pushing the industry past old B2B media and sponsorship models into a direct-to-consumer era, where organizations must own the end-to-end fan journey, from ticketing and merchandising to content and loyalty. The pipeline of marquee events, including the annual Formula 1 Grand Prix, the Saudi Pro League, the AFC Asian Cup in 2027, and culminating in the FIFA World Cup 2034, gives the region a generational mandate to set new global standards for what sporting events can deliver.

E: Globant is providing the Saudi Pro League with AI-powered competition management technology. What has the partnership delivered so far?

FP: Since 2025, the Saudi Pro League has implemented Sportian’s Competition Management Solution to fundamentally transform its operations. The system leverages AI and data-analysis tools to accelerate previously manual tasks while incorporating the ability to detect and correct human error, significantly reducing the administrative burden and allowing competition staff to focus on strategic innovation rather than routine processes.

The suite enables seamless digital enrollment for players, automated registration of new signings, and comprehensive real-time matchday operations, including lineup submissions, referee assignments, kit selection, and compliance processes. Critically, the system has been designed with security at its core, safeguarding sensitive data to protect the integrity of the competition and the privacy of all participants. This represents exactly the kind of connected intelligence infrastructure that sports organizations need to build before 2034, addressing gaps in fragmented systems, disconnected data, and siloed operations that have historically constrained leagues worldwide.

E: The company is also developing Qiddiya’s digital experience for visitors. Where does the project stand today?

FP: Globant has successfully delivered Qiddiya's main digital assets for Seven, Aquarabia, and Six Flags, creating an end-to-end digital experience transformation that translates Qiddiya’s bold entertainment promise into a platform designed around how guests actually engage. The guest journey is now digitally connected from arrival to departure, with intuitive tools that help visitors plan, navigate, and enjoy every moment of their experience.

Personalization has become a core value driver. Through tailored offers and flexible digital experiences, the platform deepens guest connections while driving revenue growth. Equally important is the operational backbone: streamlined digital operations boost efficiency, simplify guest services, and reduce friction at every touchpoint. This represents a proof point for how thoughtful digital transformation, focused on real guest behavior rather than technology for its own sake, drives entertainment megaprojects.

E: Globally, Globant supported FIFA’s digital platforms and the 2026 FIFA World Cup. What role did the company play during the tournament?

FP: The partnership began in October 2022, when Globant became a Tournament Supporter for the FIFA World Cup Qatar 2022 and a Global Platform Supporter of FIFA+, making it the first Argentine company ever to sponsor a FIFA World Cup. Over three years, Globant has worked alongside FIFA to build new features, connected experiences, and a redesigned mobile app for FIFA+.

FIFA and Globant expanded this partnership in November 2025, through a new multi-year agreement covering the FIFA World Cup 2026, the FIFA Women's World Cup 2027, and the eFIFA Finals in Saudi Arabia.

E: Looking ahead, what are your expansion plans for Saudi Arabia over the next two to three years?

FP: Our expansion strategy centers on continued growth across the Kingdom’s gigaprojects, with a particular focus on industries including tourism, hospitality, media, entertainment, and sports. We are seeing tremendous potential in gaming specifically. Globant has a very solid trajectory in this industry, being one of the main developers of AAA games, working with partners like EA Sports, Ubisoft, Epic Games, and 2K Games, among others.

In terms of talent, we are also looking to expand our team and continue investing in building in-Kingdom capability. Our regional office is growing as we are heavily involved in each of the accounts we work on. The infrastructure being built today across venues, leagues, and entertainment destinations is the foundation on which the FIFA World Cup 2034 will run, and we are committed to being embedded in that build throughout this transformative decade.

E: What are the biggest obstacles to building a world-class sports technology ecosystem in Saudi Arabia?

FP: Three primary challenges define the path to building a world-class sports technology ecosystem in the Kingdom.

First, there is the talent and skills gap. Scaling specialized digital, AI, and sports-technology talent locally remains a key challenge across the region, even with strong investment momentum driving demand.

Second is the tension between pace and maturity. Gigaprojects are moving at extraordinary speed, which requires digital and technology foundations, data architecture, system integration, and operational processes to mature just as fast. This creates the classic challenge of building the plane while flying it.

Third is ecosystem integration. Sports technology touches numerous stakeholders, including leagues, venues, broadcasters, guest experience platforms, and ticketing systems. Orchestrating a unified digital experience across all of these is fundamentally a coordination challenge, not just a technology one.

Globant’s approach helps organizations move past these obstacles through integrated, AI-augmented digital transformation rather than point solutions. Intelligence will only work if you feed it the right data, which is why establishing trustworthy datasets and unified governance frameworks is essential. Organizations that get this foundation right can expect their solutions to become more productive and autonomous over time, a vital competitive edge as the region builds toward 2034.

SWA moves to manufacture desalination energy-recovery devices domestically

The Saudi Water Authority (SWA) is bringing the production of a critical desalination component in-house, developing the world’s first energy recovery device (ERD) manufacturing facility outside the US, according to a press release. Saudi Arabia relies on desalination for most of its drinking water and has until now imported every ERD it uses.

SOUND SMART- ERDs capture and reuse the pressure energy in the brine that desalination plants would otherwise discard, feeding it back into the system to pressurize incoming seawater. In reverse-osmosis plants, that recycling can cut energy use by up to 60% in the most power-hungry part of the process.

The details: US-based energy tech firm Energy Recovery will build the plant, with production due to start in 1Q 2027 at an annual capacity of 2k units. That comfortably clears the Kingdom’s estimated demand of around 1.2k units a year, leaving about 40% of output for export across the GCC, Africa, and Asia.

The economics: The project targets a market worth more than SAR 547 mn — roughly SAR 247 mn domestically and SAR 300 mn across MENA. It is expected to add around SAR 137 mn to Saudi GDP by 2033 and reach over 80% local content across the value chain.

Why it matters: Desalination is one of the Kingdom’s most energy-intensive processes, and ERDs are the components that keep its cost manageable. Producing them locally trims fuel consumption and operating costs, shortens a supply chain that has run through the US, and shores up the water network underpinning Saudi Arabia’s expanding housing, tourism, and agricultural demand. That supply chain matters more with the strait disruptions still unresolved and the Kingdom’s water security is tied directly to desalination capacity.

REMEMBER- Saudi Arabia spent around SAR 100 bn over the past seven years to make its water system more efficient rather than just building more desalination plants. The Kingdom adopted seawater reverse osmosis as its main desalination technology to cut energy use, while investing in smart infrastructure and digital monitoring to reduce water losses and improve the performance of its water network.

Zain up, Leejam down in 2Q

One-off gains boost Zain KSA

Zain KSA reported a 60.6% y-o-y increase in net gain to SAR 204 mn in 2Q 2026, it said in a Tadawul disclosure. Revenue was nearly flat at SAR 2.7 bn, down just 0.1% y-o-y, as a decline in handset sales offset a richer revenue mix weighted toward consumer 5G.

The net income jump was mostly below the line. The gain came less from the business and more from one-time and cost items like a SAR 81 mn drop in expected credit losses as the group’s Tamam unit collected on previously written-off receivables, lower depreciation on fully depreciated assets, a SAR 15 mn one-off from the Universal Service Fund, and reduced finance costs from a reworked debt profile. Zain KSA said that stripping out the one-off gains, 2Q net income would have risen 5% rather than 60.6%.

1H told the same story, with net income up 84% y-o-y to SAR 405 mn on one-offs, while revenue was down 0.7% to SAR 5.31 bn. Ex-one-offs, the company put underlying first-half bottom-line growth at 8%.

REMEMBER- Zain started the year by overhauling its debt stack, replacing older, higher-cost borrowings with two shariah-compliant facilities: a SAR 5.5 bn murabaha from a five-bank syndicate to refinance SAR 4.7 bn of maturing debt on favorable terms, and a SAR 1.9 bn loan from Al Rajhi Bank to settle its outstanding Finance Ministry facility.

Leejam Sports’ expansion push eats its margins

Leejam Sports saw 2Q net income fall 12.5% y-o-y to SAR 63 mn in 2Q 2026, even as revenue rose 9.3% y-o-y to SAR 411 mn, according to a Tadawul disclosure. The gap opened up as the cost of the gym operator’s fast-expanding network outran the revenue those new centers are bringing in.

Net income fell because the network is still maturing. Leejam added 23 fitness time centers over the past year, and newly opened sites drag on margins until they fill up: gross margin narrowed 2 percentage points, general and administrative costs rose 17%, and finance costs climbed 32% on higher borrowings from capital spending.

As for 1H: Net income fell 21.7% y-o-y to SAR 112 mn in 1H, while revenue climbed by 4.8% y-o-y to SAR 780 mn. However, expansion spending is easing. Cashflow nearly tripled to SAR 195 mn in the first half, up from SAR 69 mn a year earlier, as capital expenditure fell to SAR 111 mn from SAR 207 mn.

Dividends: The company will distribute SAR 38.2 mn in dividends for 2Q 2026, or SAR 0.77 per share, on 10 August, according to a separate disclosure.

In other earnings news

Nama Chemicals will miss the deadline to publish its 1H 2026 financial results, citing delays in completing the review of its FY 2025 consolidated financial statements and 1Q 2026 results, according to a Tadawul disclosure. The company said it is working with an external auditor to review its remaining 2026 financial statements and 1Q 2027 results and will publish the delayed filings once they are finalized and approved. Trading in its shares has been suspended since 30 April.

Big financing for Saudi Energy + Fresh funds for Ardara’s Al Wadi project

Saudi Energy secured a seven-year shariah-compliant Murabaha facility worth SAR 15.8 bn from a syndicate of seven Saudi banks, according to a Tadawul disclosure. The financing was arranged by Saudi National Bank, Al Rajhi Bank, Saudi Awwal Bank, Banque Saudi Fransi, Arab National Bank, Riyad Bank, and the Saudi Investment Bank.

REMEMBER- Saudi Energy has a sizable pipeline of projects and investments in need of liquidity. In April 2026, it secured three projects across the Kingdom worth a combined SAR 750 mn and also acquired a minority stake in UK software company Kraken, which was valued at USD 8.7 bn at the time.

Ardara’s Al Wadi project gets its second project

PIF-owned developer Ardara launched its second investment in Abha’s Al Wadi project, with more than SAR 4 bn set to be deployed through a partnership with Sumou Holding, the company said on X. The investment will be structured through a real estate investment fund to finance the project's development, Al Riyadh reports.

IN CONTEXT- Al Wadi is Ardara’s first master-planned community in Abha. Unveiled at the Aseer Investment Forum last year, the 2.5 mn sqm project is being developed in phases, with Sumou Holding already signed to deliver a mixed-use district.

Chipmaker slump hits global markets as investors reassess AI outlook

Global stock markets suffer a chipmaker slump as investors question the outlook for AI spending. Chipmakers, which drove markets higher in 1H on expectations of huge AI investment, are now coming under pressure as investors reassess their deployments, the Financial Times reports.

What’s happening? “Worries around funding uncertainties, capex increases and Big Tech cashflow have taken center stage,” Barclays' head of US equity strategy Venu Krishna said.

The sell-off fever spread across the sector: US chip stocks suffered losses over the past couple of days. Memory products firm Sandisk, which dropped 11% on Monday, fell by the same amount yesterday, pushing the stock down more than 40% over the past month. Western Digital, Micron, Advanced Micro Devices, and Intel each lost at least 4% yesterday, while Europe’s ASML declined by 3%.

South Korean chipmakers remained at the center of the rout. The Kospi dropped more than 10% on Tuesday, with SK Hynix falling 14.7% and Samsung Electronics dropping 13.4%, leaving both stocks down more than a third in July. Oversupply concerns dropped the investment appetite for both firms after they revealed plans to each develop two new semiconductor plants to double DRAM production capacity over the next five years.

Other Asian markets were also affected by the trend: Japan’s Nikkei 225 fell 4% yesterday, with memory-chip maker Kioxia plunging more than 18%, halving its share price in July. Meanwhile, China’s memory-chip maker CXMT dropped more than 4%, following a 466% jump in its shares on Monday after raising USD 8.5 bn in its Shanghai listing.

Rising costs and liquidity constraints are fueling concerns: Investors are anticipating Big Tech 2Q earnings to see if they can keep funding their AI buildout, focusing on whether higher capital spending and borrowing levels can be sustained. Alphabet’s shares fell 7% in a single session last week after the company reported a sharp rise in outflows tied to AI infrastructure spending.

China’s AI rise is also affecting investor sentiment: The growing competition from lower-cost Chinese rivals and concerns over Western AI spending drove the sell-off in Asian technology stocks, Deutsche Bank analyst Jim Reid said. Those concerns intensified after Chinese AI startup Moonshot launched a large language model last week with capabilities close to those of leading US developers such as Anthropic.

Despite the rising caution, demand is set to remain strong. Concerns over rising capital spending and funding needs are driving the sell-off, but demand for AI remains robust, based on the earnings reported so far, State Street's head of Equity Research Marija Veitmane said. Investors are being more cautious, however, regarding the end of the AI boom, with rising credit default swap prices tied to big names serving as evidence of growing concerns, GAM Group CEO Albert Saporta said.

MARKETS THIS MORNING-

Asia-Pacific markets are mostly down in early trading as the global tech selloff continues. South Korea’s Kospi, Japan’s Nikkei, and the Shanghai Composite are all down, while the Hang Seng is trading higher.

TASI	10,678	-0.9% (YTD: +1.8%)
MSCI Tadawul 30	1,432	-0.7% (YTD: +3.2%)
NomuC	21,877	-0.4% (YTD: -6.1%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.25% repo	3.75% reverse repo
EGX30	53,730	+0.2% (YTD: +28.4%)
ADX	9,835	-0.1% (YTD: -1.6%)
DFM	5,790	-0.9% (YTD: -4.3%)
S&P 500	7,429	+0.2% (YTD: +8.5%)
FTSE 100	10,871	+0.8% (YTD: +9.5%)
Euro Stoxx 50	6,290	+0.1% (YTD: +8.5%)
Brent crude	USD 84.09	+4.8%
Natural gas (Nymex)	USD 2.63	-1.2%
Gold	USD 4,083	-0.4%
BTC	USD 63,861	+0.1% (YTD: -27.1%)
Sukuk/bond market index	908.79	+0.4% (YTD: -1.1%)
S&P MENA Bond & Sukuk	150.38	+0.1% (YTD: -1.0%)
VIX (Volatility Index)	18.21	-2.5% (YTD: +21.8%)

THE CLOSING BELL: TADAWUL-

The TASI fell 0.9% yesterday on turnover of SAR 3.8 bn. The index is up 1.8%% YTD.

In the green: Saudi Printing and Packaging (+10.0%), Raoom (+7.1%), and Leejam Sports (+5.6%).

In the red: Ayyan (-10.0%), Nice One (-8.4%), and Arabian Drilling (-5.7%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.4% yesterday on turnover of SAR 12.2 mn. The index is down 6.1% YTD.

In the green: Hedab Alkhaleej Trading (+12.5%), Knowledge Tower (+8.4%), and Taqat (+6.9%).

In the red: Sahat Almajd Trading (-11.2%), AICTEC (-9.2%), and Tharwah (-8.8%).

CALENDAR

AUGUST

30 August-1 September (Sunday-Tuesday): Saudi Paper and Packaging Expo, Riyadh International Convention & Exhibition Center.

31 August-3 September (Monday-Thursday): Leap Tech Conference, Riyadh Exhibition & Convention Center - Malham.

SEPTEMBER

8-10 September (Tuesday-Thursday): The WTM Spotlight Riyadh, Riyadh Front Exhibition & Conference Center (RFECC), Riyadh.

15-17 September (Tuesday-Thursday) The Global AI Summit, King Abdulaziz International Convention Center, Riyadh.

23 September (Wednesday): Saudi National Day.

28 September-1 October (Monday-Thursday): The International Conference on Theory and Practice of Electronic Governance (ICEGOV), Prince Sultan University, Riyadh.

OCTOBER

25-26 October (Sunday-Monday): The Global Proptech Summit, Mandarin Oriental Al Faisaliah Hotel, Riyadh.

26-28 October (Monday-Wednesday): ACHEMA Middle East, Riyadh International Convention & Exhibition Center.

26-29 October (Monday-Thursday): The Future Investment Initiative, King Abdulaziz International Conference Center, Riyadh.

28-29 October (Wednesday-Thursday): Procurement and Supply Chain Futures Forum, Mandarin Oriental Al Faisaliah Hotel, Riyadh.

28-29 October (Wednesday-Thursday): Real Estate Supply Chain Forum, Mandarin Oriental Al Faisaliah Hotel, Riyadh.

30 October-1 November (Friday-Sunday): The New Global Sport Conference, Sofitel Hotel & Convention Centre, Riyadh.

NOVEMBER

11-12 November (Wednesday-Thursday): Aluminum Arabia, The Arena, Riyadh.

16-19 November (Monday-Thursday): Cityscape Global, Riyadh Exhibition and Convention Centre (Malham), Riyadh.

29 November-1 December (Sunday-Tuesday): The UN Trade and Development Global Supply Chain Forum, Riyadh.

Signposted to happen sometime in 2026:

2H: Sabic’s USD 6.4 bn Fujian project in China to start production;
November: The Esports Nations Cup, Riyadh;
The World Economic Forum’s Global Collaboration and Growth Meeting, Jeddah;

2027

FEBRUARY

1-3 February (Monday-Wednesday): Energy Regulators Regional Association annual conference, Riyadh.

MARCH

21-25 March (Sunday-Thursday):The World Water Forum, Riyadh.

22–24 March (Monday-Wednesday): Capital Markets Forum, Four Seasons Hotel, Riyadh

APRIL

26-29 April (Monday-Thursday): World Energy Congress, Riyadh.

JUNE

1-3 June (Tuesday-Thursday): The Saudi Entertainment and Amusement Expo, Riyadh Front Exhibition and Conference Center.

Signposted to happen sometime in 2027:

The Ocean Race finishes in Amaala on the Red Sea;
Riyadh-Kudmi transmission line to be completed;
Aero Middle East and Sand & Fun takes place in Thumamah Airport, Riyadh.

Signposted to happen sometime in 2Q 2027:

The Hail Region Water Networks Project is expected to be completed.

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