Humain’s two-fund play

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WHAT WE’RE TRACKING TODAY

The US clears a potential USD 5.75 bn arms sale to Saudi Arabia

Good morning, wonderful people. It’s a tech-forward morning, and the throughline is scale — who’s building it, who’s funding it, and who’s finally getting a slice.

Humain is the anchor. The PIF’s AI arm is funding a two-track expansion off offtake agreements so bankable they let it borrow more through a war that's made everyone else borrow less. Deloitte is working the same wave from the services side, betting the next round of Saudi AI spending drags experiments into full production — PIF among its clients. The shared wager: all that gigawatt-scale compute becomes the layer the rest of the economy quietly runs on.

AND- Leap closed its four-day run on the little guys. The final day pushed more than USD 41 mn down to Saudi founders across fintech, autos, logistics, and e-commerce. Highlights below.

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Riyadh re-arms

The US State Department has cleared a potential USD 5.75 bn arms sale to Saudi Arabia, including a USD 5 bn package of Joint Direct Attack Munition-Extended Range (JDAM-ER) systems and USD 750 mn worth of AGT-1500 engines, according to the US state department. The approvals cover potential sales, with final procurement subject to the US foreign military sales process and applicable agreements.

The details: The package covers roughly 10k JDAM guidance kits — the technology that converts unguided bombs into precision weapons — along with 10k general-purpose bombs in the 500-lb and 2k-lb classes, plus fuzes, target detectors, and support services. Boeing is the principal contractor for the JDAM-ER package, while Honeywell would supply the AGT-1500 engines.

Saudi Arabia is replenishing across multiple fronts. “Despite having one of the region’s strongest air defense networks, Saudi Arabia, like other GCC states, is seeking to replenish its air defense stockpiles,” Albert Vidal, Research Associate for Middle East Defence Industry & Procurement at the International Institute for Strategic Studies, tells EnterpriseAM. The Kingdom has also reportedly asked South Korea to speed up deliveries of contracted air defense batteries and shown interest in Ukrainian interceptor UAVs and electronic warfare systems in recent months, Vidal says.

REMEMBER- Washington cleared a potential sale of 730 Patriot missile interceptors worth USD 9 bn in January and another potential sale this summer of 10k APKWS-II guided rockets worth USD 2 bn. Vidal says the relatively low-cost rockets are highly effective against Iranian drones.

Crude slips

Saudi’s observed crude exports fell to their lowest level in at least nine years in August, dropping to around 3 mn bbl / d as tanker attacks disrupted the shipping routes the Kingdom relies on, according to data compiled by Bloomberg, Vortexa, and Kpler.

The Red Sea route is the problem. Saudi Arabia shifted most exports to Yanbu after Iran effectively shut the Strait of Hormuz in late February, pushing loadings to 4.3 mn bbl / d in June from 770k bbl / d in January. Houthi attacks and the subsequent blockade have since reversed that recovery, with Yanbu exports falling to 3.7 mn bbl / d in July and 2.25 mn bpd in August. Two more tankers carrying Saudi crude were struck in Hormuz last week, including a Bahri vessel on which two seafarers were killed.

Customers are getting nervous. Some have become reluctant to use the Kingdom’s Red Sea ports, prompting Riyadh to consider routing cargoes around Africa, adding thousands of miles to supply chains already stretched by six months of conflict.

And the timing is punishing, coming just as loadings showed early signs of recovery at Ras Tanura, last week’s US strikes on Iranian military targets and Iran’s retaliation toward Gulf states hosting US bases pushed Brent above USD 95 a barrel, its highest since late July.

Putting together a team

PIF-backed Humain appears to be taking concrete steps toward a stock market listing, with CEO Tareq Amin announcing the formation of an “IPO preparation team,” he said in a LinkedIn post. The company is seeking candidates with top-tier management consulting and IPO experience. No timeline or listing size was disclosed.

REMEMBER- Humain first disclosed its listing plans in October 2025, when Amin indicated a possible dual IPO on Tadawul and Nasdaq within three to four years. Amin also hinted at potential equity investments from the firm's chip suppliers, which include Nvidia, AMD, Qualcomm, and Groq. This coincided with a non-binding agreement between PIF and Aramco for the energy giant to acquire a significant minority stake in Humain.

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The big story abroad

The battle for control of the Strait of Hormuz continues to escalate, with US forces striking three Iranian crude oil tankers — permanently disabling two — after Iran targeted two US Navy warships, according to a statement by US Central Command. No US personnel were harmed, it said. The exchange of fire follows renewed US military strikes against Iranian targets after a month of relative quiet in the six-month conflict.

What is Tehran saying? The Islamic Revolutionary Guard Corps reportedly stated that it targeted three oil tankers taking "unauthorized routes" through the Strait of Hormuz, along with three US-affiliated vessels in other areas. Iranian news media reported that four US missiles struck a tanker near Kharg anchorage without casualties, and the crew was evacuated.

US jobs swell in August: The US Labor Department announced that the US economy created 162k jobs last month, comfortably beating expectations and signaling a rebound from the early-summer slowdown in employment growth. The unemployment rate held steady at a historically low 4.1%, signaling a healthy labor market.

Anthropic to list before midterm elections: Anthropic plans to begin promoting its IPO no earlier than mid-October, targeting a stock market debut shortly before the US midterm elections in November, unnamed sources tell Reuters. The AI startup was expected to publish its IPO prospectus as early as next week, but sources now say that key filing is delayed until late September.

Is RAMageddon upon us? The AI investment boom is driving up the cost of memory chips and other components, triggering a price hike for phones, laptops and gaming consoles by as much as 20%, and reversing the decades-long trend of cheaper and more powerful electronics. Meanwhile, the cost of dynamic random-access memory has risen fivefold in 2026, as chipmakers stop or slow down production of lower-end chips.

Humain is funding a two-track AI buildout

While PIF trims capital spending and phases its gigaprojects, its AI arm is scaling up on two fronts at once — a global venture fund that could top the USD 10 bn originally planned, and a separate USD 2.5 bn vehicle to finance data centers at home.

The global fund comes with strings attached. Humain will back companies that commit to using Saudi data centers for some of their compute or to bringing staff into the Kingdom, CEO Tareq Amin told Semafor. “We don’t do passive investments, that will never happen,” he said. A sister vehicle, Humain Limitless, will focus on investing in and supporting AI companies inside Saudi Arabia.

The funding model: Humain is financing its buildout against offtake agreements with some of the world’s largest tech firms, contracts bankable enough that they’ve let the company raise debt faster, not slower, as the rest of the Kingdom tightens, Amin Said. A USD 3 bn Blackstone partnership is helping fund the data-center buildout.

The domestic fund is more infrastructure-focused. It will raise an initial USD 2.5 bn to finance 250 MW of capacity Humain is building with Al Moammar Information Systems (MIS), scalable to 1 GW, sources familiar with the matter told Bloomberg. BSF Capital will manage it, seeking investors once CMA approval clears in two to three months, on a debt-and-equity structure.

The war hasn’t affected demand: Humain’s compute runs about 30% cheaper than elsewhere, and Amin claims appetite from global hyperscalers has held through the war.

But it has affected priorities. The war made data centers critical infrastructure. Humain is “hardening” its facilities in response to the Iran war, which has seen AI infrastructure elsewhere in the Gulf hit, applying the same resiliency playbook Aramco, one of its shareholders, used on its oil infrastructure. “In this era, data centers are treated like critical national infrastructure,” Amin said.

The scale of the plans: Six gigawatts of AI data centers planned by 2034, a 16 GW power commitment from the Energy Ministry, and agreements with xAI, Groq, Nvidia, and Qualcomm.

On chips, Humain says it’s unconstrained. The US strategic AI partnership sealed during the Crown Prince’s Washington visit gives HUMAIN the semiconductor access it needs, Amin noted, “I don’t see any obstacles or issues for us to obtain the chip capacity we need.” The arrangement bars Chinese frontier models from training on Humain’s compute but allows Chinese open-source models for inferencing, a distinction Amin says keeps the company compliant.

Power is less certain. Amin’s view is that the world “does not have enough power capacity to build for this demand.” Saudi Arabia has committed 16 GW, but how much of that can actually be brought online as demand for AI compute grows will determine how far Humain can scale. It also raises a tougher question: if power gets tight, can the bankable-offtake model keep funding AI capacity without competing with other parts of the economy for the same electricity?

Saudi PMI climbs to a six-month high of 53.8 in August

Saudi Arabia’s non-oil private sector picked up speed in August: The Kingdom’s Purchasing Managers’ Index (PMI) rose to 53.8 from 53.1 in July, a six-month high and a fifth straight month of expansion, according to Riyad Bank Saudi Arabia’s latest report (pdf). Growth is still running below the survey’s long-run average of 56.8, though.

Output drove the acceleration, with the pace of expansion at a seven-month high, moving toward its long-run trend. Firms tied the growth to improving sales volumes and recovering market conditions. New orders expanded for the fifth consecutive month following March’s brief downturn, though the picture was mixed, with some firms citing sales headwinds from intense competition and excess supply.

The global market stayed a drag: Foreign orders declined again, and at a faster pace than in July, keeping export conditions challenging even as domestic demand strengthened.

Firms are hiring, but they’re not exactly stretched. Employment rose for the second month running, though job creation stayed modest and below the series trend amid signs of spare capacity as backlogs of work fell for a third straight month.

Supply chains kept improving, with delivery times shortening for a third month, and firms lifted input purchases at the fastest pace since February to meet rising output requirements.

MEANWHILE- Cost pressures stayed elevated midway through 3Q but eased somewhat. Input costs continued to reflect rising material and transportation costs, and staff costs climbed at their strongest pace since February on retention and performance-based pay. Output charges, though, rose at their slowest pace since March as competition constrained firms’ pricing.

Confidence rebounded to a seven-month high: A fifth of surveyed firms expect higher activity over the coming year, against just 2% forecasting a decline, with optimism pinned on resilient market activity, fiscal support, and regional development projects. “The August survey signals a firmer growth trajectory for the non-oil private sector,” Riyad Bank Chief Economist Naif Al-Ghaith said in the report.

IsDB raises USD 1.5 bn as sukuk market shakes off war premium

Investor demand gave the Islamic Development Bank room to tighten pricing on its latest USD sukuk, with orders topping USD 2.75 bn before the bank settled on a USD 1.5 bn raise, it said in a press release. The five-year certificates priced at 48 bps over SOFR mid-swap, 2 bps tighter than initial guidance, and carry a 4.781% yield. The orderbook also beat the USD 2.65 bn peak for IsDB’s first benchmark of the year in May.

The book skewed official. Central banks and official institutions took 51%, banks and private banks 38%, and asset managers 12%. Geographically, 39% went to the Middle East and Africa, 36% to the UK and Europe, 13% to Asia, and 12% offshore US. Proceeds will fund projects across IsDB member countries.

The issuance lands in a market that has largely shaken off the war premium. Yield spreads on Saudi bonds and sukuk have almost returned to pre-conflict levels, roughly where they sat last January, Bashar Al-Natoor, Global Head of Islamic Finance at Fitch, told Al Arabiya, a sign geopolitical risk is fading from Gulf pricing. Tightening further, he cautioned, would need risk to ease more still, “a scenario that does not seem very likely at the moment,” which makes stability at pre-war levels the realistic read.

A widening funding gap is the structural driver. Saudi and Gulf banks will keep tapping debt markets, particularly in USD, as lending outpaces deposit growth, Al-Natoor said. “The growth of deposits no longer keeps pace with the growth of loans, creating a funding gap that banks need to cover through the issuance of sukuk and bonds,” a dynamic that runs across the Gulf and points to sustained issuance ahead.

Why it matters: As long as Gulf currencies stay pegged to the USD, the region’s financing costs are hostage to US monetary policy, with rising Treasury yields lifting the base cost of every new issue. What’s changed is the spread. The return to pre-war levels means IsDB and the Gulf banks behind the coming issuance wave can raise dollars without paying a conflict premium, even as the demand for that funding, driven by loans outrunning deposits, only builds.

ADVISORS- The joint lead managers included a China-heavy roster of Bank of China, China International Capital Corp., and Industrial and Commercial Bank of China, alongside Barclays, Goldman Sachs International, HSBC, BMO Capital Markets, KFH Capital, Natixis and Société Générale acted as joint lead managers.

Deloitte bets on agentic AI, sovereign wealth to scale Saudi unit

Deloitte is scaling up its AI business in the Kingdom, with a dedicated quantitative team serving insurers, investment banks, and sovereign wealth funds, Yousef Barkawie, partner and board member for AI and data at Deloitte Middle East, told EnterpriseAM on the sidelines of Leap 2026.

The Qiddiya work shows what that looks like in practice. Deloitte is deploying agentic AI to monitor operations at the entertainment development, extending a partnership that already produced an AI-powered command center, unveiled in November 2025, that uses real-time data to help manage the project. The work spans “command and control center development to agentic AI to monitor the operations of the park,” Barkawie said.

Why agentic AI? Barkawie frames it as the step beyond the generative AI boom. Rather than just responding to prompts, AI agents can be handed objectives and carry out tasks with more autonomy, letting companies automate parts of their operations instead of using AI as a productivity tool. “Agentic AI is even newer technology, this is where the actual results are happening,” he said.

The bigger bet is on scale. Saudi organizations have spent the past few years experimenting with AI. Deloitte is wagering that the next wave of spending will be driven by moving those experiments into production across entire organizations, while addressing the cybersecurity, operational and governance risks that come with wider deployment. “How do organizations scale out their digital transformation? How do they deploy AI and innovation across their organizations, and how do they move from experimentation into full production?” Barkawie said.

For Deloitte, that means focusing on three areas: Generating value from AI at scale, building resilience against cyber and operational threats, and giving ministers, CEOs and boards the governance frameworks needed to deploy the technology more broadly.

There’s capital behind it. Deloitte has committed more than EUR 1.5 bn in incremental investment over four years across Europe, the Middle East, and Africa, targeting generative AI, sovereign cloud, and sector-specific technology. Deloitte has not disclosed how much of that EMEA investment is earmarked for Saudi Arabia. The firm isn’t building everything itself — it pairs technology from AWS, Google, Nvidia, SAP, and Oracle with its own IP, including fine-tuning large language models and retrieval systems for clients.

Leap day four: Saudi founders raise more than USD 41 mn

Leap’s fourth and final day belonged to the startups. Saudi founders pulled in more than USD 41 mn across e-commerce, automotive, fintech, and logistics — capital reaching the base of a market whose headline agreements, days earlier, were measured in gigawatts. The close also caught the ecosystem maturing around all that money: a telco spinning up its own venture-building arm, commerce platforms folding in the pieces they were missing, and the data-center pipeline still filling.

We knew this would happen: A senior venture investor told us before the show kicked off that the VC money that pulled back when the war began in March has since recalibrated and was waiting for events like Leap — where investors, founders, and traction converge — to give the backlog of deals a platform and help sentiment rebound alongside it. Keep an eye out for more funding rounds during and after the show.

The capital works its way down to the startups

Fintech Nayla raised c. USD 18 mn in a pre-Series A of equity and debt — equity led by Idrisi Ventures with Suhail Ventures, debt led by Blominvest — to build lending tech that widens financing for the Kingdom’s micro-businesses;

Car marketplace Syarah secured USD 12 mn from Impact46 to grow across the Kingdom’s new- and used-car market, funding customer acquisition, its platform, and delivery. With Syarah, buyers browse and complete most of the purchase online, with the car brought to the door.

Live-shopping platform Rwaj raised USD 1.2 mn in pre-seed, investors undisclosed, to build out its product and expand regionally. Rwaj lets sellers livestream goods and move them at fixed prices or through timed, real-time auctions.

Logistics platform Sirdab raised USD 10 mn in a Series A led by PIF-backed Elm and existing backer BECO Capital, with Y Combinator, COTU Ventures, and D Global Ventures also in. The startup matches businesses with vetted warehousing and transport, and will use the funds to add AI to automate coordination between shippers, warehouses, and carriers as it expands across the GCC.

IPO-tech startup Idraj closed a SAR 2.3 mn pre-seed led by Asab Legal Tech for AI tools that gauge a company’s IPO readiness — the documents, requirements, and gaps. The fresh capital will be used to build its team, develop its product and technology platform, and expand its AI applications.

stc group institutionalized the trend, with its launch of colab, a venture-building arm to spin up and scale digital businesses on the group’s infrastructure and reach, working alongside its accelerator InspireU and investment arm Tali Ventures.

The data-center pipeline keeps filling

Axelerated Solutions is raising a SAR 675 mn Sharia-compliant fund — the BIM Capital DC-Infrastructure Fund — to build and run two Tier-III data centers, each starting at 10 MW and expandable to 20 MW, taking fund units in exchange for the construction and facilities-management contracts.

Dell Technologies and Armada partnered to roll out containerised, mobile data centers across the Kingdom, with Dell’s hardware inside Armada’s mobile units, for projects that need compute stood up fast, targeting energy, telecom, manufacturing, and public infrastructure.

Desert Technologies and Switzerland’s CTS Group formed a joint venture, CTS-DT, to design and build data centers for AI and high-performance computing, targeting 300 MW of annual capacity and scaling toward 1.2 GW.

Commerce platforms fold in the missing pieces

E-commerce platform Salla acquired payments fintech Paylink, pulling checkout into its own stack so merchants can take payments across online and physical channels — including via SoftPOS — and sell internationally.

Telco Salam teamed with fintech Hala and store-builder Zid to launch SOHO, a one-stop platform for freelancers and independent professionals. Hala supplies IBANs, cards, and payment acceptance, Zid the online storefront, with Future Work verifying freelance credentials.

Taqat appoints Abdulaziz Al Sudais as CEO

Taqat Mineral Trading appointed Abdulaziz Al Sudais (LinkedIn) as CEO, replacing Ali Al Hudhaif (LinkedIn) who will continue as the company’s managing director, according to a Tadawul disclosure. Al Sudais brings 18 years of experience in leadership and supervisory roles at a government entity.

Acdima is selling its 10.49% stake in Spimaco, Egypt’s 3C Coding School targets Saudi

10.49% Spimaco stake goes up for sale

Acdima is putting a 10.49% Saudi Pharmaceutical Industries and Medical Appliances Corporation (Spimaco) stake up for sale, offering up to 12.59 mn shares to institutional investors through an accelerated bookbuild, according to a Tadawul filing. At Spimaco’s Thursday close of SAR 30.80, the stake is worth about SAR 388 mn, according to our calculations, although the final sale value will depend on the bookbuild price.

The details: The offer price and final number of shares will be set through the bookbuilding process, with the results due today. The sale will be executed through negotiated agreements on the same day under the CMA’s Framework. Spimaco won’t see any of the proceeds, and there will be no dilution for its other shareholders. If Acdima retains any shares after the sale, those will be subject to a 60-day lockup.

ADVISORS- GIB Capital is the financial adviser and bookrunner for Acdima.

3C codes a path to Saudi

Saudi Arabia is the next growth market for Egyptian edtech 3C Coding School, which raised USD 3 mn in a seed round led by MRG Economic Group, with participation from businessman Amr Saad and a group of angel investors. The company will use the funding to enter the Kingdom and accelerate development of an AI-powered learning platform.

IN CONTEXT- Saudi Arabia has become a familiar expansion destination for Egyptian edtech. Fellow kids-coding platform iSchool raised USD 4.5 mn before pushing further across the GCC, and we’ve looked more broadly at why Egyptian edtech companies increasingly see the Gulf — and Saudi in particular — as their next growth market.

USD 2.1 tn in capex from GCC is going to self-reliance + resilience -BlackRock

BlackRock sees the GCC deploying USD 2.1 tn in capex through 2030 — ranging between USD 1.6-2.5 tn — with a growing share staying home, according to the BlackRock Investment Institute. It’s also set to be a period of re-underwriting as countries reassess priorities in light of performance during war disruption. More than 80% of that capital is directed toward diversifying away from upstream oil and gas into energy infrastructure, industry, digital assets, and social investment — driven primarily by the goal of building resilience and self-reliance.

Existing projects are being reassessed and resequenced as countries weigh how infrastructure performed during the war’s disruption to regional shipping routes, from the Strait of Hormuz to the Red Sea.

REMEMBER- The GCC is already working on developing workarounds to hedge against future disruption that could once again cut it off from catching any upside from higher oil prices. Saudi Arabia is eyeing up expanding its East-West pipeline capacity to the Red Sea, and the UAE is also pushing ahead with plans to increase capacity in its own east-facing infrastructure.

Two segments are set to see up to two-thirds of total capex. Energy, resources, and industry is the largest single bucket at USD 735 bn — covering gas, downstream industries, and mining, including Saudi Arabia’s Jafurah gas program and the UAE’s Ruwais industrial base. Strategic redundancy follows at USD 660 bn, marking the pipeline segment most reshaped by the conflict — spanning export routes, ports, and power and water projects, illustrated by Saudi Arabia’s East-West corridor and Oman’s open-ocean ports.

The remaining three categories round out the shift. Digital infrastructure (USD 323 bn) goes beyond AI itself to the power, grids, and cooling needed to run it. Selective urban growth (USD 212 bn) is increasingly tied to fixed-deadline events like Expo 2030 Riyadh rather than open-ended expansion. Human and environmental resilience (USD 140 bn) covers healthcare, food, water, and waste systems.

More of that money will be staying in the region, BlackRock Investment Institute’s Ben Powell told Bloomberg (watch, runtime: 6:01). The GCC will remain an exporter of capital, he said, but a growing share will go toward building domestic economic resilience. The war has acted as “an accelerant” to diversification plans already underway, he added.

Not every GCC market gets there the same way. The resilience strategy in the UAE is likely to see it turn to alternative logistical routing to support investment and trade, as well as to sectors like digital infrastructure, banking, and utilities to generate returns. Saudi, meanwhile, has the deepest pipeline in the GCC — and the highest execution and financing risk to go with it, so BlackRock flags sovereign-backed, well-funded projects as the ones best placed to deliver. Oman’s open-ocean access points present promise for the Sultanate, while Qatar, Kuwait, and Bahrain face a narrower window, with selectivity around corridor dependence, debt issuance, and fiscal repair mattering more there than scale.

TASI	11,033	+0.2% (YTD: +5.2%)
MSCI Tadawul 30	1,482	+0.3% (YTD: +6.9%)
NomuC	21,786	+0.4% (YTD: -6.5%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.25% repo	3.75% reverse repo
EGX30	56,270	+1.1% (YTD: +34.5%)
ADX	9,977	+0.5% (YTD: -0.2%)
DFM	5,885	+0.7% (YTD: -2.7%)
S&P 500	7,719	-0.4% (YTD: -12.8%)
FTSE 100	10,831	+0.0% (YTD: +9.1%)
Euro Stoxx 50	6,393	+0.2% (YTD: +10.3%)
Brent crude	USD 91.48	+0.2%
Natural gas (Nymex)	USD 2.98	+2.1%
Gold	USD 4,477	+1.4%
BTC	USD 79,930	+0.4% (YTD: +-8.8%)
Sukuk/bond market index	908.73	+0.6% (YTD: -1.1%)
S&P MENA Bond & Sukuk	150.68	-0.11% (YTD: -0.8%)
VIX (Fear gauge)	14.53	+1.5% (YTD: -2.8%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.2% on Thursday on turnover of SAR 3.9 bn. The index is up 5.2% YTD.

In the green: Saudi Arabia Refineries (+4.9%), Walaa Cooperative Ins. (+4.6%), and Saudi Automotive Services (+4.1%).

In the red: Taiba Investments (-2.5%), Al Moammar Information Systems (-2.3%), and Saudi Ground Services (-2.2%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.4% on Thursday on turnover of SAR 13.4 mn. The index is down 6.5% YTD.

In the green: Wajd Life Trading (+28.8%), Mulkia Investment (+10.0%), and Osool and Bakheet Investment (+9.8%).

In the red: Asas Makeen Real Estate Development and Investment (-10.0%), Alhasoob (-9.9%), and Arabica Star (-9.3%).

CALENDAR

SEPTEMBER

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

9 September (Wednesday): CyberHero x Riyadh, Riyadh.

14-17 September (Monday-Thursday) The fourth Unesco Global Forum on the Ethics of AI (GFEAI), The Ritz-Carlton, 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.

29 November-1 December (Sunday-Tuesday): The Global Logistics Forum, King Abdulaziz International Convention Centre, 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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