FDI net inflows inch down in 2024

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Opec+ is meeting today

Good morning, ladies and gents. It’s Sunday, the free trial of the work week that automatically subscribes you to the full-price version. Before notifications begin their hostile takeover of your screen, today’s issue features the most updated 2024 FDI figures from Gastat, updates on Qiddiya’s USD 1.8 bn National Stadium, and our analysis of TASI’s August performance. Let’s dive in.

HAPPENING TODAY-

#1- Opec+ members are considering a further oil production hike at their meeting today to determine oil production levels for October, Reuters reported, citing two sources it said are familiar with the matter. Saudi eyes reviving some 1.66 mn barrels per day before the scheduled return by the end of 2026, Bloomberg reports, citing people it said are in the know.

The more exclusive Opec’s oil output rose by 360k bbl / d in August to a total of 27.84 mn bbl / d, mainly driven by higher production from the Kingdom and the UAE, according to a Reuters survey.

#2- The Saudi WoodShow kicks off today at The Arena in Riyadh. The three-day exhibition brings together 250 exhibitors from 54 countries and around 10k visitors. The event will showcase products ranging from MDF, veneer, laminates, and engineered wood to woodworking machinery and coatings, while country pavilions and networking receptions connect international suppliers with buyers in the Kingdom.

WEATHER- Riyadh will witness a high of 41°C with the mercury dipping to 30°C overnight. Jeddah will see temperatures peak at 38°C and bottom out at 31°C, while Makkah’s highs are set to hit 41°C before dropping to 31°C.

PSAs-

#1- Riyadh Metro will kick off its daily trips at 5:30am, to better accommodate the early-morning commuters, students, and employees, Saudi Gazette reported, citing the Riyadh Public Transport Authority.

#2- The Municipal and Rural Affairs and Housing Ministry is now the Municipalities and Housing Ministry, under new regs published in the Official Gazette on Friday. The decision also stipulates replacing the title “Municipal and Rural Affairs and Housing Minister” with “Municipalities and Housing Minister” in all laws, regulations, and official decisions.

WATCH THIS SPACE-

#1- Saudi Aramco plans to sell USD-denominated sukuk as early as this month, potentially raising between USD 3-4 bn, Reuters reported, citing sources it said are familiar with the matter. The planned issuance would mark Aramco’s return to the debt market as it navigates lower crude oil prices and a 22% y-o-y drop in its 2Q net income.

REFRESHER- The oil giant last tapped global bond markets in May, issuing a US-denominated bond under its global medium-term note program and raising USD 5 bn over three tranches.

#2- Noon considers dual listing: E-commerce platform Noon is mulling a dual listing on the Saudi and UAE stock exchanges within the next two years as it moves toward profitability, founder Mohamed Alabbar told the Financial Times on Friday.

More than IPOs in the works: The company is expanding its automated self-delivery services, aiming to cut its 40k delivery workforce by half by 2027. Noon is also exploring mergers and acquisitions to expand into new markets like India, Alabbar said.

Noon — founded in 2016 — operates across the Kingdom, the UAE, and Egypt, and raised around USD 2.7 bn from investors, including the Public Investment Fund. The company is currently valued at about USD 10 bn.

MEANWHILE- Saudi Basic Industries (Sabic) is stalling progress on the potential IPO for its subsidiary, National Industrial Gases (Gas), Bloomberg reported, citing sources it said are in the know. The move follows the cancellation of investor meetings without disclosing reasons, the sources said.

BACKGROUND- In July, Sabic announced it was evaluating IPO among other options for its Gas unit, in which it holds a 74% stake. The firm had earlier tapped Lazard, HSBC, JPMorgan, and Morgan Stanley to advise on the potential listing.

#3- Roblox is now restricted in the Kingdom: Roblox has temporarily restricted in-game voice and text chat tools and improved moderation of Arabic content on its video game platform in the Kingdom over child safety concerns and intensifying regulatory scrutiny, the Saudi Gazette reported Thursday. Roblox blocked over 300k games in the social gathering games category in agreement with the General Authority for Media Regulation.

IN CONTEXT- This move follows bans of the game in other countries in the region, including the Kuwait, Qatar, and Turkey, as well as restrictions on voice chats in the UAE. Scrutiny of the platform in the Middle East has increased since it launched an Arabic version earlier this year. The company has also faced criticism and lawsuits in the United States over child safety issues, as some 36% of Roblox's users are children under the age of 13.

Asharq Business also has the story.

#4- The Interior Ministry now has the right to deport non-Saudis receiving a final conviction for committing traffic violations, according to amendments to the Traffic Law published by Umm Al Qura on Friday. Committing a second violation within a year of the first will result in a maximum fine imposed. If followed by a third, non-Saudis will be referred to the competent court to consider an imprisonment sentence of up to a year, unless it’s ruled to double the fine of the second offense. The executive regulations will define the violations that endanger public safety and the procedures for referring violators to court.

DATA POINTS-

The Saudi box office raked in SAR 91 mn in August, a 43% y-o-y increase, driven by a 47% y-o-y rise in ticket sales to 2 mn, Aleqtisadiah reported on Friday, citing data from the Film Commission.

The five-highest-grossing films captured nearly half of the month’s ticket sales, led by US horror Weapons (SAR 16.5 mn), followed by Egyptian comedy El Shater (SAR 12 mn), Saudi drama Siwar (SAR 9.2 mn), US action-thriller Nobody 2, and Egyptian comedy Rocky El Ghalaba (SAR 5.8 mn).

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THE BIG STORY ABROAD-

Thousands of protesters took to the streets of Washington, DC, yesterday to demand that President Donald Trump end the ongoing deployment of National Guard troops across the capital. The ‘We Are All DC’ march came in response to what demonstrators described as an authoritarian escalation, following Trump’s decision to place the city’s police under federal control. The president first ordered the deployment last month, citing rising crime, despite Justice Department data showing violent crime in the capital fell to a 30-year low in 2024.

Next stop: Chicago: Trump has signaled that Chicago could be next, warning in a post on Truth Social that the city would “find out why it’s called the Department of WAR.” The post followed an executive order issued Friday that officially renames the Department of Defense the Department of War — its pre-1947 title. (Reuters | Washington Post | AP)

CLOSER TO HOME- Israel has set up a so-called “humanitarian area” in Khan Younis, claiming to equip it with field hospitals, water infrastructure, and food and med supplies, as the military expands its ground operation toward Gaza City. The Israeli army said deliveries will be coordinated with the UN and other aid groups, while its Arabic-language spokesperson has called on Palestinians to move to the designated zone. (Bloomberg | New York Times | Reuters)

FDI inflows rise 24% y-o-y in 2024, despite a 6% decline in net flows

Foreign direct investment (FDI) net inflows fell 6% y-o-y in 2024 to SAR 80 bn, despite FDI inflows seeing 24% growth to SAR 119 bn during the year, according to data (pdf) from the General Authority for Statistics. The dip in net flows is attributed to a sharp rise in FDI outflows, which rose to SAR 39 bn, compared to SAR 10 bn in 2023.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

The manufacturing sector was the primary driver, leading inflows with SAR 35 bn, or 29% of the total. Wholesale and retail trade, and construction, were the next largest contributors, each attracting inflows of SAR 18 bn (15%).

Manufacturing also accounted for the highest outflows at SAR 16 bn, representing 43% of the total, followed by construction (15%) and transportation and storage activities (13%).

By country: The US topped the FDI net inflows list, contributing up to SAR 11 bn, followed by the UAE with SAR 9 bn, France with SAR 4 bn, and the Netherlands with SAR 2 bn.

Total FDI stock increased 9% y-o-y to SAR 977 bn by the end of the year. The UAE holds the largest share of this stock with SAR 161 bn, followed by Luxembourg (SAR 101 bn) and France (SAR 69 bn).

Qiddiya attracts contractor interest for USD 1.8 bn National Stadium

Expressions of interest roll in for the National Stadium in Qiddiya: PIF-owned Qiddiya Investment Company (QIC) received expressions of interest from contractors for a SAR 7 bn (USD 1.8 bn) contract to build the National Stadium in Qiddiya, Meed reported on Wednesday. The stadium is scheduled for completion by 2030, ahead of the 2034 Asian Games in Riyadh.

More details: The 182k sqm stadium, located within the Qiddiya Sports Park, will be modeled after the London Olympic Stadium. UK-based architecture firm HOK is leading the design, with engineering support from Canada’s WSP and Germany’s Schlaich Bergermann Partner. WT Partnership, also from the UK, is serving as the cost consultant.

One more stadium for Qiddiya: QIC awarded a SAR 4 bn (USD 1.1 bn) contract to Madrid-based FCC Construction and Khobar-based Nesma & Partners in October 2024 for the construction of the 45k-seat Prince Mohammad bin Salman Stadium in Riyadh’s Qiddiya city. The project is slated for completion in 2029.

ALSO- Saudi Arabia Railways invited contractors to submit expressions of interest for building a 35 km line through Riyadh that will link the Kingdom’s North-South and Eastern railway networks, Meed reported on Wednesday. The railway link is part of the USD 7 bn Landbridge project. Scheduled for completion by 2030, the Landbridge will connect the Kingdom’s Red Sea coast to the Arabian Gulf and includes the development of six railway lines and seven logistics centers.

TASI’s downturn deepens in August, with telecoms the only sector in positive territory YTD

TASI shed 2.1% in August to close the month at 10.7k points, after swinging between a high of 10.97k and a low of 10.68k, according to market data. The benchmark’s total market cap hit SAR 8.9 tn by the end of August, with SAR 91 bn in value traded across 5.8 bn securities and 9.9 mn transactions.

The culprit: The decline is largely caused by the global dip in oil prices, which are down nearly 9% since the start of the year, creating a noticeable drag on most sectors, financial market strategist at CFI Financial Group Sarah Alyasiri told EnterpriseAM Saudi.

The telecoms sector was the only gainer YTD, rising 8.1%. The sector's defensive nature and strong demand for data and digital services have made it a safe haven for investors, Alyasiri said, adding that companies like STC have reinforced this confidence, reporting a 15.7% y-o-y jump in net income for 2Q.

ALSO- Banks (-2.7%) and consumer retail (-3.3%) relatively outperformed the TASI index, despite their decline. The resilience of consumer retail stocks — including retail, leisure, and luxury goods — demonstrates the spending power of local consumers, supported by strong employment, high disposable income, and the government's initiatives aimed at stimulating domestic demand and creating a spending-oriented economy, Alyasiri said.

Other sectors were not so lucky: Utilities (-41.8%), media and entertainment (-40.6%), and software and services (-22.9%) were the worst hit, underscoring the breadth of the sell-off across Tadawul’s sectoral indices.

Top gainers, laggards: Development Works Food topped the gainers in August, climbing 19.7%, followed by Ades (+17.6%) and Thimar (+14.2%). United Cooperative Assurance was the month’s worst performer, dropping 25.1%, followed by Nice One (-19.6%) and Obeikan Glass (-18.8%).

For investors, patience is key: The market has been mostly moving sideways over the past three years, showing resilience despite the recent turbulence, Alyasiri added. TASI is currently trading near a critical support level of 10k points, and a breakout from its sideways pattern could take time, she said.

In the meantime, she stressed the importance of diversification across sectors to shield portfolios from volatility. Many investors have already rotated into fixed-income instruments such as government bonds to capture attractive yields, while others are turning to alternative assets, including gold, real estate, and private funds, to hedge against risks.

The Kingdom mirrored a regional slump, which saw the ADX slipping 2.7% and the DFM losing 4%, while Egypt’s EGX30 bucked the trend, rising 2.8% to outperform its Gulf peers.

THE OUTLOOK- Some sectors are better positioned for a faster rebound, according to Alyasiri. Banks and financial services should benefit from a more stable monetary policy environment, while energy and materials could recover quickly if oil prices rise or global demand strengthens. Meanwhile, consumer and retail segments are expected to improve as confidence picks up, supported by heavy government spending on large-scale entertainment and tourism projects, as well as quality-of-life initiatives, she said.

Saudi Arabia’s household consumption on the rise, says Oxford Economics

Saudi Arabia is expected to see real household consumption growth averaging 3% annually for the next six years, opening a significant window for firms in the consumer sector, according to a recent research note from Oxford Economics reviewed by EnterpriseAM. The UAE, Kuwait, and Qatar are forecast to see their real household consumption average 3.5% annually over the same period, giving the region an average growth rate of 3.4%, significantly outpacing the 1.7% growth expected in advanced economies.

Why does it matter? “The household sector and the prospects for consumers to outperform their international peers is important for the region's governments as they continue to focus their efforts to diversify activity away from oil and gas revenues,” the report read, adding that this is also “crucial for companies that are looking to invest in consumer-facing sectors.”

What’s behind the momentum? Rising living costs often weigh on economies, as households usually tighten their belts. However, inflation in the GCC – despite experiencing significant cost increases in recent years, especially during the pandemic —was less severe than elsewhere, according to the report. “This means that the erosion of GCC households' spending power was much lower than in advanced economies, helping to support strong consumption growth.”

For inflation, Oxford Economics expects inflation in the Kingdom to see a slight and moderate increase in 2026, before easing in 2027 and beyond.

REFRESHER- Inflation in the Kingdom is expected to remain restrained, with an annual average of 2.3% this year, before cooling to 2.2% in 2026, Riyad Capital has recently noted. Meanwhile, Capital Economics expects inflation to continue on a downward trajectory over the rest of the year, likely approaching 1% y-o-y by early 2026.

Want a deeper look into inflation trends in the Kingdom? read our recent analysis here.

Falling unemployment also plays a role: Healthy labor markets are also expected to boost household consumption growth in the region, with unemployment rates consistently falling across the GCC, after surging during the pandemic. This positive trend is supported by “removals of trading restrictions and buoyant domestic demand.”

Job growth plays the largest role in boosting aggregate consumption: Between now and 2030, Oxford Economics projects the annual employment rate in the GCC to slow down slightly compared to the previous decade. Despite this, the anticipated rate is still nearly 10 times higher than what is forecast for non-GCC advanced economies.

Expanding credit access in the region is also helping drive household consumption, especially as GCC governments are now including non-citizens in their credit initiatives, which results in a significant increase in demand. Personal lending in the Kingdom has rebounded from the dip in 2023, which followed the pandemic-era boom, according to the report. Meanwhile, growth in real estate lending to retail clients has tempered in recent years, falling from its peaks of 55% in 2020 and 50% in 2021 to just over 10% per annum in 2024. “Although significantly slower, the pace of growth is still robust despite tight monetary policy, which appears to be hampering demand for credit.”

Further interest rate cuts could boost demand further: Oxford Economics expects the US Federal Reserve to resume the easing cycle this month, projecting cumulative rate cuts of 125 bps by the end of 2026. GCC central banks are seen following suit by gradually lowering interest rates, providing an additional boost to domestic demand. Riyad Capital expects the Saudi Central Bank to cut interest rates by overall 100 bps in total until the end of 2026, following in the footsteps of the US Federal Reserve.

Risks ahead: Exposure to oil prices means that a deep downturn could affect consumer demand, though currently, it expects Brent crude to fall by 6% over the next four quarters before rebounding later. A 10% drop, however, would erode the level of real consumption by 0.74% per year, the report said.

First drone parcel delivery trial flight run by Transport Authority, Aramex

LOGISTICS-

The Transport General Authority carried out its first drone delivery trial for parcels, running a test flight from Jeddah Islamic Port to Al Balad district, the authority said on X yesterday. The pilot project — conducted in partnership with Aramex, the Transport and Logistics Services Ministry, the General Authority of Civil Aviation, and the National Industrial Development and Logistics Program — aims to test the use of drones in postal services and assess their role in improving delivery.

Drones to speckle the Kingdom’s skies: US-based Matternet M2 delivery drones received regulatory approval in January to operate in the Kingdom, and Flynas has been testing its eCopter prototype this year. In the industrial sector, Japan's Terra Drone partnered with Aramco in April for facility inspection drone tests. The Interior Ministry has also deployed high-altitude road security drones.

DEBT WATCH-

#1- Taiba Investments secured a SAR 425 mn shariah-compliant murabaha loan from Saudi Awwal Bank to renovate its Taiba Front Hotel in Madinah ahead of rebranding it as a Waldorf Astoria hotel, it said in a disclosure to Tadawul on Thursday. The seven-year financing includes a one-year grace period and is backed by a promissory note.

About the project: Located near the Prophet’s Mosque, the project will mark the Hilton-owned brand’s first presence in the city, featuring over 300 rooms, in addition to restaurants, event halls, and other facilities.

#2- Dr. Soliman Fakeeh Hospital Co. secured a SAR 570 mn shariah-compliant loan from Saudi National Bank, according to a disclosure to Tadawul on Thursday. The funding package features SAR 300 mn in short-term facilities and SAR 270 mn in long-term financing, available to its subsidiaries to support expansion plans. The new facility — backed by a promissory note — replaces previous SAR 936 mn facilities that were allocated to the company’s Jeddah hospital.

REAL ESTATE-

First Avenuefor Real Estate Development launched the Tanmiya program, a partnership initiative enabling Riyadh landowners to transform underutilized properties into profitable projects, it said in a Tadawul disclosure on Wednesday. The program seeks to turn idle land into integrated, high-impact investment prospects with strong returns through models like as joint ventures and development agreements. Full program details are available in the official guide (pdf).

M&A WATCH-

Naba Alsaha Medical Services finalized its upstream merger with Al Anwar Medical Company after completing all financial and regulatory procedures to absorb its wholly owned unit, it said in a disclosure to Tadawul on Thursday. Naba Alsaha’s shareholders greenlit the move in March.

Gold to reach USD 5k if Fed independence weakens -Goldman Sachs

Gold prices could surge to nearly USD 5k an ounce if the Federal Reserve’s independence is compromised, the Financial Times reports, citing forecasts by Goldman Sachs. The bank's base case scenario is a rise to USD 4k per troy ounce by mid-2026, but a 1% shift of private investment from US Treasuries to gold could drive the price even higher.

The rationale: “A scenario where Fed independence is damaged would likely lead to higher inflation, lower stock and long-dated bond prices and an erosion of the USD’s reserve currency status,” co-head of global commodities research at Goldman Sachs Daan Struyven told the FT.

Gold has already rallied 35% this year to over USD 3.5k an ounce, becoming a top-performing global asset. Both investors and central banks have been increasing their holdings in the precious metal as a hedge against political uncertainty, debt, and potential inflation from a politicized Fed, especially as traditional havens like the USD and government bonds falter.

The Trump effect on Gold: Concerns over US President Trump’s pressure on the central bank prompted European Central Bank head Christine Lagarde to warn of a “very serious danger” to the global economy. The uncertainty is boosting demand for gold, said Hargreaves Lansdown’s Derren Nathan, in a separate BBC report. The trend was echoed by Pictet Asset Management's Arun Sai, who said the political climate reinforced his firm's decision to maintain a significant gold position.

Fed under pressure: The Justice Department has opened a criminal mortgage fraud investigation into Federal Reserve member Lisa Cook, a move critics describe as a politically motivated escalation of the Trump administration's effort to oust her and put pressure on Fed Chair Jerome Powell to lower interest rates, The Washington Post reported, citing sources it said are in the know. Resignations and ended terms are increasingly tipping the balance of the Fed board in Trump’s favor.

TASI	10,656	+0.3% (YTD: -11.5%)
MSCI Tadawul 30	1,382	+0.5% (YTD: -8.5%)
NomuC	25,560	-0.4% (YTD: -18.8%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	34,762	-1.1% (YTD: +16.9%)
ADX	10,034	-0.2% (YTD: +6.5%)
DFM	5,989	+0.3% (YTD: +16.1%)
S&P 500	6,482	-0.3% (YTD: +10.2%)
FTSE 100	9,208	-0.1% (YTD: +12.7%)
Euro Stoxx 50	5,318	-0.5% (YTD: +8.6%)
Brent crude	USD 65.50	-2.2%
Natural gas (Nymex)	USD 3.05	-0.9%
Gold	USD 3,653	+1.3%
BTC	USD 110,138	-0.6% (YTD: +17.7%)
Sukuk/bond market index	914.55	+0.09% (YTD: +1.38%)
S&P MENA Bond & Sukuk	149.46	+0.5% (YTD: +6.8%)
VIX (Volatility Index)	15.18	-0.8% (YTD: -12.5%)

THE CLOSING BELL: TADAWUL-

The TASI gained 0.3% on Thursday’s close on turnover of over SAR 3.2 bn. The index is down 11.5% YTD.

In the green: Thimar (+6.0%), Saudi Fisheries (+4.2%) and Al Andalus (+3.9%).

In the red: Build Station (-5.7%), Taiba (-4.4%) and Al Ahli Reit (-2.7%).

THE CLOSING BELL: NOMU-

The NomuC closed 0.4% down on Thursday on turnover of SAR 40.7 mn. The index lost 18.8% YTD.

In the green: Horizon Food (+9.4%), Al Naqool (+7.0%) and Intelligent Oud (+6.8%).

In the red: Horizon Educational (-13.3%), Sign World (-10.0%) and Osool and Bakheet (-9.9%).

CORPORATE ACTIONS-

#1- Munawla Cargo Company’s board approved a 50% capital increase to SAR 30 mn, it said in a disclosure to Tadawul on Thursday. The move aims to raise the number of shares to 3 mn from 2 mn by issuing one bonus share for every two shares held.

ALSO- The company’s board greenlit a SAR 1.5 mn dividend payout for 1H 2025 at SAR 0.75 per share, it said in a separate disclosure on Thursday. The distribution date is set for 28 September.

#2- Arabian Food and Dairy Factories Co. will distribute over SAR 2.1 mn in interim dividends for 1H 2025 at SAR 1.5 apiece, starting 5 October, it said in a Tadawul disclosure on Wednesday.

CALENDAR

SEPTEMBER

7 September (Sunday): Final allocations are due for Rawabi Marketing International IPO.

7-9 September (Sunday-Tuesday): Saudi Woodshow, the Arena Riyadh Venue.

9-11 September (Tuesday-Wednesday):The Saudi Food and Drug Authority and the UN's Food and Agriculture Organization’s Hack4safeFood, Riyadh.

9-11 September (Tuesday-Thursday): Index Saudi Arabia, Riyadh Front Exhibition & Conference Center.

9-11 September (Tuesday-Thursday): International Beauty Expo 2025, Jeddah Superdome.

9-11 September (Tuesday-Thursday): Seredo Real Estate Development and Ownership Exhibition, Jeddah Superdome,

10 September (Wednesday): Deadline for businesses subject to withholding tax to file their August tax returns via Zatca’s website.

15 September (Monday): Deadline for businesses subject to excise tax file their July and August tax returns via Zatca’s website.

15-17 September (Monday-Wednesday): Smart Cities Saudi Expo 2025, Riyadh International Convention & Exhibition Center.

15-17 September (Monday-Wednesday): Money 20/20 Middle East, Riyadh.

15-17 September (Monday-Wednesday): Global Infrastructure Forum, Riyadh International Convention and Exhibition Center.

17-18 September (Wednesday-Thursday): US Federal Reserve Open Market Committee meeting and Summary of Economic Projections.

23 September (Tuesday): Saudi National Day.

28-30 September (Sunday-Tuesday): Jeddah Construct, Jeddah Superdome.

29 September-1 October (Monday-Wednesday): Intersec Saudi Arabia, Riyadh International Convention and Exhibition Centre, Riyadh.

29-30 September (Monday-Tuesday): Cultural Investment Conference, King Fahd Cultural Center, Riyadh.

30 September (Tuesday): Deadline for businesses subject to VAT to file their August tax returns.

3Q 2025

The National Water Company is expected to award a construction contract for the Hail Region Water Networks project.

OCTOBER

1 October (Wednesday): Electronic salary transfer via the Musaned platform to include employers with two or more domestic workers.

1-3 October (Wednesday-Friday): Saudi Green Building Forum, Riyadh.

1-3 October (Wednesday-Friday): FIBO Arabia 2025, Riyadh Front Exhibition & Conference Center.

5 October-8 January 2026: Title deed registration for 3.2k properties in Al Yasmin district, Hail.

6-8 October (Monday-Wednesday): Saudi Lifestyle Week, Riyadh International Convention & Exhibition Center.

7-8 October (Tuesday-Wednesday): Global EV & Mobility Technology (GEMTECH) Forum, Riyadh.

12 October-15 January 2026: Title deed registration for 31.7k properties in 14 neighborhoods in the Eastern Province.

12 October-15 January 2026: Title deed regiswatch tration for about 157.3k properties in 78 neighborhoods across the Eastern Province.

15 October (Wednesday): Russian-Arab Summit.

16 October (Thursday): Aviation Impact Middle East, Hyatt Regency Riyadh Olaya .

17 October (Friday): Saudization for private healthcare roles enters its second phase.

21 October (Tuesday): The Visual Arts Commission will hold a public talk and a live performance in Paris through Asia NOW under its Art & Ideas program.

21-22 October (Tuesday-Wednesday): Saudi Festival of Creativity (Athar), JAX District, Riyadh.

21-23 October (Tuesday-Thurday): Global Internet of Things Congress 2025 (GIoTC 2025), the Arena Venue, Riyadh.

22-23 October (Wednesday-Thursday): Private Capital Forum, Riyadh.

23-25 October (Thursday-Saturday): Zenos Wellness Summit, Bab Samhan Hotel, Riyadh.

24 October-1 November (Friday-Saturday): AlUla Wellness Festival.

26-27 October (Sunday-Monday): The Global Proptech Summit 2025, Mandarin Oriental Al Faisaliah, Riyadh.

27-30 October (Monday-Thursday): Global Health Exhibition, Riyadh Exhibition and Convention Center, Riyadh.

27-30 October (Monday-Thursday): Future Investment Initiative (FII9), King Abdulaziz International Conference Center (KAICC) and the Ritz-Carlton, Riyadh.

28-29 October (Tuesday-Wednesday): US Federal Reserve Open Market Committee meeting.

NOVEMBER

2 November (Sunday): Naming ASICS Innovation Pitch competition’s six finalists.

3-9 November (Monday- Sunday): WTA Tour Finals, Riyadh.

5-9 November (Wednesday-Sunday): Jewellery Salon Expo, Riyadh.

7-8 November (Sunday-Monday): The Visual Arts Commission will conclude its Art & Ideas program with a two-day symposium in Riyadh.

8-9 November (Saturday-Sunday): Del Monte Superleague Supercup, Jeddah.

9 November (Sunday): The deadline for applications for the second batch of the Standard Incentives for the Industrial sector deadline.

11-13 November (Tuesday-Thursday): TouriseSummit, Riyadh.

17-20 November (Monday-Thursday): Cityscape Global, Riyadh Exhibition and Convention Centre, Riyadh.

19-22 November (Wednesday-Saturday): PIF Saudi International Golf Championship, Riyadh Gold Club.

20 November (Thursday): Deadline for title deed registration for 14.6k properties across 21 neighborhoods in Qassim.

22 November (Saturday): The Ring IV, ANB arena, Riyadh.

23-26 November (Sunday-Wednesday): Saudi Food Exhibition and Conference, Riyadh.

23-27 November (Sunday-Thursday): Global Industry Summit by United Nations Industrial Development Organization, Riyadh.

24-26 November (Monday-Wednesday): The World Advanced Manufacturing & Logistics Saudi Expo, Riyadh.

24-26 November (Monday-Wednesday): Metropolis Madinah Conference for civilizational capitals, King Salman International Convention Centre (KSICC), Al Madinah.

25-26 November (Thursday-Saturday): The Global Sustainability Expo, The Arena Riyadh Venue, Ghirnatah.

25-29 November (Thursday-Monday): General Aviation Airshow 2025 - Sand & Fun, Riyadh.

27 November (Saturday): Deadline for title deed registration for 8.7k properties in Jeddah’s Al Sheraa and Al Amwaj neighborhoods.

27-30 November (Thursday-Sunday): World Rally Championship Saudi Arabia 2025, Jeddah.

28-30 November (Friday-Sunday): UIM F1H2O World Championship, Jeddah.

30 November (Sunday): Zatca 21st E-invoicing integration wave deadline.

DECEMBER

1-3 December (Monday-Wednesday): Industrial Transformation Saudi Arabia, Riyadh International Convention & Exhibition Center.

1-4 December (Monday-Thursday): International Conference on Nuclear and Radiological Emergencies, Riyadh.

1-4 December (Monday-Thursday): 61st ISOCARP World Planning Congress, Riyadh.

7-9 December (Sunday-Tuesday): CoMotion Global 2025, Riyadh.

9-10 December (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.

25-27 December (Saturday-Monday): The Fortune Global Forum 2025, Riyadh.

31 December (Wednesday): Zatca 22nd E-invoicing integration wave deadline.

31 December (Wednesday): Cancellation of Fines and Exemption of Financial Penalties Initiative by the Zakat, Tax and Customs Authority (Zatca) deadline.

December: Made in Saudi exhibition, Riyadh International Convention and Exhibition Center, Riyadh

2026

JANUARY

1 January (Thursday): Electronic salary transfer via the Musaned platform becomes mandatory for all domestic workers in the Kingdom.

13-15 January (Tuesday-Thursday): Future Minerals Forum, King Abdul Aziz International Conference Center, Riyadh.

20 January (Tuesday): SuperReturn Saudi Arabia, Hotel Fairmont, Riyadh.

18-21 January (Sunday-Wednesday): Saudi Hospital Design and Build Expo, Riyadh.

26-27 (Monday-Tuesday): GPRC Summit, Riyadh.

26-28 (Monday-Wednesday): Saudi Franchise Expo (SFE), Riyadh Exhibition and Convention Centre, Riyadh.

26-28 (Monday-Wednesday): Real Estate Future Forum, Four Seasons Hotel, Riyadh.

27-28 (Tuesday-Wednesday): SkyMove Air Cargo MENA, Riyadh.

28 (Wednesday): Data Center Nation Riyadh, Riyadh.

28-30 (Wednesday-Friday): Jeddah International Travel and Tourism Exhibition (JTTX), Jeddah.

FEBRUARY

2-4 (Monday-Wednesday): Saudi Media Forum, Riyadh.

2-4 (Monday-Wednesday): Women Leaders Summit and Awards KSA, Riyadh.

3-4 (Tuesday-Wednesday): RLC Global Forum Annual Meeting, Riyadh.

5-7 February (Thursday-Saturday): LIV Golf 2026 season opener, Riyadh Golf Club, Riyadh.

8-12 February (Sunday-Thursday): World Defense Show, Riyadh.

9-14 February (Monday-Saturday): Asian Racing Conference, Crowne Plaza Riyadh RDC Hotel & Convention Centre, Riyadh.

11 (Wednesday) Digital Transformation Summit Saudi Arabia (DTS), Riyadh.

11-14 (Wednesday-Saturday): JeddaDerm, Jeddah.

13-14 February (Friday-Saturday): Jeddah E-Prix 2026, Jeddah.

MARCH

31 March (Tuesday): Zatca’s 23rd E-invoicing integration wave deadline.

APRIL

6 April (Monday): Procurement and Supply Chain Futures Forum, Al Faisaliah Hotel, Riyadh.

6-7 April (Monday-Tuesday): Real Estate Supply Chain Forum, Al Faisaliah Hotel, Riyadh.

12-15 April (Sunday-Wednesday): Saudi Print & Pack, Riyadh International Convention & Exhibition Center.

12-15 April (Sunday-Wednesday): Riyadh International Industry Week, Riyadh International Convention & Exhibition Center.

12-15 April (Sunday-Wednesday): Saudi Plastics & Petrochem, Riyadh International Convention & Exhibition Center.

12-15 April (Sunday-Wednesday): Saudi Smart Logistics, Riyadh International Convention & Exhibition Center.

13-16 April (Monday-Thursday): Leap Tech Conference, Riyadh Exhibition & Convention Center - Malham.

20-22 April (Monday-Wednesday): The Future Hospitality Summit, Mandarin Oriental Al Faisaliah Al Faisaliah Hotel, Riyadh.

20-22 April (Monday-Wednesday): Saudi Paper and Packaging Expo, Riyadh International Convention & Exhibition Center.

21 April (Tuesday): GC Summit Saudi Arabia 2026, Saudi Arabia.

27-29 April (Monday-Wednesday): Aluminum Arabia, The Arena, Riyadh.

OCTOBER

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

Signposted to happen sometime in 2026:

UN Trade and Development Global Supply Chain Forum to take place in Saudi Arabia.
November: The Esports Nations Cup, Riyadh.

Signposted to happen sometime in 2027:

The World Water Forum takes place in Riyadh.
The Ocean Race finishes in Amaala on the Red Sea.
Riyadh-Kudmi transmission line to be completed.

Signposted to happen sometime in 2Q 2027:

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

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