Trade surplus hits 3-year high in November

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Neom to be redesigned into data centers hub?

Good morning. It was a good November for the Kingdom’s international trade, with our surplus logging a three-year high and oil exports continuing their recovery. Re-exports remained the biggest driver for non-oil exports growth.

ALSO- A new healthcare player is eyeing to list 2 mn new shares on Nomu, as the parallel market is carefully recovering from a major 2025 downturn.

AND- S&P sees GCC oil giants tightening their purses in 2026, slowing down their spending to focus on enhancing value chains and boosting upstream activities.

BUT FIRST — A new vision for Neom? The government is reportedly redesigning Neom to be a hub for data centers, unnamed sources told the Financial Times. The “far smaller” development will be geared to serve the Kingdom’s AI ambitions.

Alternative designs that considerably scale back The Line — Neom’s futuristic city — are also in the works, the sources told the salmon-colored paper, adding that “The Line will be a totally different concept. It will use the existing infrastructure in a totally different manner.”

It seems that management of the project will also see a shake up, with sources familiar with the matter telling AGBI that restructure could entail transferring control of Neom from PIF to other state-backed entities.

What they said: While steering clear of confirming the news, Neom said it’s “always looking at how to phase and prioritize our initiatives so that they align with national objectives and create long-term value” in a statement to the Financial Times.

Why it matters: The Kingdom’s transformation strategy has been expanding beyond flagship engineering gigaprojects to other “ecosystems,” including AI and tourism. Gigaprojects like Neom have entered a year-long “comprehensive review” — set to wrap up in the next few months — amid tighter fiscal conditions. Reconsidering Neom as an industrial and data center hub signals a bid to bring faster returns and support the government’s long-term engineering investments.

Recalibration and delays in other parts of Neom have also affected Riyadh’s plans, including deferring the 2029 Asian Winter Games — which was scheduled to take place at Neom’s Trojena mountain resort.

** Want a deeper dive? Check out our review of the Kingdom’s shift in gigaproject focus.

Happening today

The Real Estate Future Forum 2026 kicks off today at the Four Seasons Kingdom Center in Riyadh, running until 28 January. Last year saw the National Housing Company (NHC) ink SAR 30 bn worth of real estate agreements.

WEATHER– Keep your windows closed: Dust storms are set to make visibility drop below 1 km in parts of Riyadh, the Eastern Province, and Najran.

Riyadh: 18°C high / 6°C low.
Jeddah: 32°C high / 22°C low.
Makkah: 33°C high / 23°C low.
Dammam: 19°C high / 9°C low.

Watch this space

TECH — Saudi Arabia is pitching a “cheap token” future from Davos, positioning itself as a low-cost global provider of AI compute after clocking USD 0.11 per mn tokens in 2025, Communications and Information Technology Minister Abdullah Alswaha said (watch, runtime 2:58).

The pitch: Investing in hardware that prioritizes “memory on the chip, next to the chip, and near to the chip” will bypass the “memory wall” bottleneck that slows processing, Alswaha said.

Why it matters:Alswaha’s benchmark of USD 0.11 per mn tokens sets a sovereign floor for AI compute, undercutting models from global tech firms including OpenAI, Google and DeepSeek. While the US and China race to build the smartest AI models, Saudi Arabia aims to make running them the cheapest, not unlike its low-cost approach that fueled its petrochemicals industry.

Adoption is key: “Alswaha highlighted the Kingdom’s role as a global “testbed” for innovators, and stressed that success depends on moving beyond supply to actual adoption, warning that focusing solely on AI supply could trigger “a couple of winters and bubbles.”

FOOD — Brazilian meat giant JBS plans to double output at its new chicken processing plant in Jeddah by end-2026, it said in a statement. The facility, which began operations last year, has already quadrupled the group’s production capacity in the Kingdom, where it sells beef and chicken under the Seara brand, now ranked among the Kingdom’s top three by market share, Reuters reports.

A Brazilian protein race: The move is the third recent major investment by a Brazilian protein producer in the Kingdom, as JBS and BRF race to localize supply chains amid Saudi Arabia’s push for 90% food self-sufficiency under Vision 2030. BRF has formed a JV with Halal Products Development Company, is planning a Riyadh listing, and is building a Jeddah food factory due by mid-2026. Meanwhile, JBS has invested USD 85 mn since 2021 and is partnering with Entaj to expand local Seara production.

IN CONTEXT- The Kingdom nearly doubled its poultry production over the past decade, as part of a push for food self-sufficiency and to address an 80% reliance on food imports that leaves the Kingdom vulnerable to shocks. The Kingdom has earmarked USD 4.5 bn to increase local poultry output, and it already achieved a 72% self-sufficiency rate in 2025 with over 1 mn tons of poultry meat produced annually.

EDUCATION — Investment manager Ashmore Investment Saudi Arabia is looking to up its investment in the local education sector to roughly SAR 1 bn, CEO Ahmed Al Mohaisen told Asharq Business (watch, runtime: 1:35), adding that the firm has launched an education investment fund. Education, alongside the industrial sector, currently make up 20% of the firm’s total portfolio, which roughly amounts to SAR 7 bn, Al Mohaisen said.

Data point

14 mn — that’s the new annual capacity of King Khalid International Airport after its Terminals 1 and 2 completed development yesterday, up from 6 mn earlier, state news agency SPA reported. Terminal 1 will handle international flights operated by flyadeal and flynas, while Terminal 2 — which was opened for business yesterday — will serve Saudia and Riyadh Airlines. Facilities include 114 check-in counters, 20 e-passport gates in departures, and 75 counters, 22 e-passport gates, and eight customs screening devices in arrivals.

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The big story abroad

It’s a quiet Monday morning in the global business press, with a single story dominating the headlines — another fatal shooting of a US citizen by federal agents in Minneapolis, the second of its kind this month. The resulting backlash from Democrats and wavering enthusiasm from Republicans signals the possibility of another government shutdown, as well as raising the stakes for the year’s midterm elections.

AND IN MARKETS- Gold hits fresh high: Gold jumped past the USD 5k mark for the very first time as investors and central banks look to the safe haven asset amid geopolitical tensions. The metal has been steadily rising for some time now, jumping 8% last week alone, its largest spike since the 2008 financial crisis.

Trade surplus jumps 70.2% y-o-y hitting 3-year high

A steady performance in the oil sector pushed Saudi Arabia’s merchandise trade surplus up by 70.2% y-o-y in November 2025, marking the highest monthly surplus seen since August 2022, according to preliminary data (pdf) from Gastat. Total merchandise exports rose 10% y-o-y to reach SAR 99.7 bn for the month.

Oil exports continued to lead the Kingdom’s trade profile, increasing by 5.4% y-o-y to hit SAR 67 bn. Despite this growth, the share of oil in total exports declined to 67.2% y-o-y from 70.1% recorded in the same period last year, as non-oil sectors capture a larger portion of total trade value.

Re-exports continue to boom but at a slower pace

Non-oil exports including re-exports grew at around four times the rate of oil exports, recording an increase of 20.7% y-o-y to SAR 19 bn. The primary engine behind this surge was the re-export category, which jumped 53.1% y-o-y to hit SAR 13.7 bn.

The main driver? An 81.9% increase in the machinery, electrical equipment, and parts category, which accounted for 51.5% of total re-exports.

IN CONTEXT- As the Kingdom is pivoting from a pure import destination to a regional transshipment hub, the Cabinet had approved bylaws for four key Special Economic Zones –Jazan, Ras Al Khair, KAEC, and the Cloud Computing SEZ– which will benefit from tailored regulations offering greater flexibility, fiscal incentives, and streamlined procedures aimed at making the Kingdom a more competitive destination for global capital.

Non-oil exports see stable growth

Excluding re-exports, national non-oil exports rose by 4.7% y-o-y. Machinery and electrical equipment topped the list, comprising 24.2% of the total and jumping 81.5% y-o-y. Chemical products followed, representing 20.3% of total non-oil exports and recording a slight increase of 0.5% y-o-y.

Meanwhile, merchandise imports declined slightly by 0.2% y-o-y. Machinery and electrical equipment led the Kingdom’s import mix with a 30.7% share. Transportation equipment came in second at 14.4%, seeing a 2.2% increase compared to November 2024.

Key trade partners: China remains the top merchandise partner, accounting for 13.5% of exports and 26.7% of imports. The UAE (11.7%) and Japan (9.9%) were the next largest export destinations, while the US (10.2%) and the UAE (6.2%) followed China as the top sources of imports.

Cosmetic clinics operator Kesay is taking a 5% stake to Nomu

An aesthetic medicine clinic operator set to be Nomu’s first IPO of the year: Kesay Clinics, a Riyadh-based aesthetic medicine clinic operator, is floating 2 mn new shares — good for 5% of its IPO-capital of 40 mn shares — on Tadawul’s parallel market Nomu, according to its prospectus (pdf). The move, poised to be the first Nomu IPO of the year, comes a little over a month after the firm secured Capital Market Authority (CMA) approval.

SOUND SMART- Kesay is set to be the only pure-play aesthetic medicine clinic group on the parallel market. The closest listed peer is Basma Adeem Medical (Smile Care), operating a similar high-end clinic model focused on dentistry. Other Nomu-listed healthcare names skew toward broader medical services or medical supplies rather than elective cosmetic care.

Where will the money go? Kesay plans to use proceeds from the listing to expand its footprint through new medical complexes and upgrades to existing branches, with any surplus allocated to working capital. The group plans to open five new medical complexes across North, South, East, and West Riyadh, with an estimated cost of SAR 5-6 mn per branch.

The cap table: Major shareholder Sulaiman Hamad Al Yahia will maintain control with an 80.6% direct stake, while controlling another 9% as the administrator of the Sulaiman Hamad Al Yahia non-profit charitable endowment, giving him 89.6% voting control post-IPO. Major shareholders are subject to a 12-month lock-up from the start of trading on Nomu and will not receive any portion of the offering proceeds.

The timeline

Books open on Wednesday, 11 February and run until Sunday, 22 February, with final allocations due on 25 February. The offering structure allows a single qualified investor to subscribe for nearly the entire issuance, with a minimum allocation of 10 shares each.

Has Nomu’s rough stretch ended?

The NomuC index is up 1.38% YTD. After the gauge jumped 28% in 2024, the rally unraveled in 2025, with the benchmark sliding roughly 26% and shedding more than 8k points to end the year near 23.3k. The downturn triggered an unusually high number of cancelled listings, with five Nomu IPOs pulled due to incomplete offerings and a few others lapsing after their CMA approval windows expired — a clear sign investors have become far more selective.

ADVISORS- Estidamah Capital is quarterbacking the transaction as financial advisor, with Derayah Financial serving as lead manager. RSM and Alzoman, Alfahad & Alhajjaj Professional Services acted as auditors. Receiving agents include Alinma Capital, Alrajhi Capital, SNB Capital, BSF Capital, and Riyad Capital, among others.

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GCC oil giants expected to slow down on spending, shift focus toward renewables this year

GCC national oil companies (NOCs) are expected to take a more cautious stance on spending amid operational expansion and diversification plans, according to an S&P Global note. Gulf NOCs’ spending is estimated to average around USD 115-125 bn between 2025-2027, up from USD 110-115 bn in 2024.

Megaprojects’ completion hits the brakes on growth

Behind the slowdown: Players are expected to slow the growth of their capital spending as major capacity expansion projects near completion and production from recent megaprojects comes online, the note said. While overall capex will remain high due to investments in production capacity, moderating spending allows GCC NOCs to manage liquidity, protect credit quality, and reduce pressure on the oilfield services sector.

The reduction might impact other elements: A more cautious spending approach is expected to reduce rig demand, stabilize average day rates, and put pressure on the profitability of the region’s oilfield service providers, according to S&P. However, industry consolidation may help rebalance rig supply and demand.

Gulf NOCs aim to level up their value chain and upstream operations

GCC NOCs expected to focus on enhancing their value chain and boosting upstream activities. The regional capex is expected to rise due to capacity expansion plans in the UAE and Qatar, as wellcapacity maintenance in Saudi Arabia. Gulf players will continue to focus on upstream activities, particularly exploration and production. They are also pursuing better integration across the value chain through trading and ensuring a more reliable flow of feedstock from upstream to downstream operations.

REMEMBER- Adnoc set a target to increase production capacity to 5 mn bbl / d by 2027, as part of its expansion strategy. Meanwhile, Aramco focuses on maintaining and effectively utilizing its sizable output base, with its leadership previously stating that the firm can sustain a maximum crude oil production capacity of around 12 mn bbl / d.

LNG and renewables are key for the next stage of growth

Renewables and downstream boosts are the main highlights of the ongoing diversification efforts. The regional NOCs plan to continue increasing their renewables deployment, as well as acquiring stakes in clean-energy leaders. They also aim to continue expanding their green energy portfolios through increased low-carbon hydrogen capacity and LNG expansion.

Investments in gas projects and expanding international operations are also being ramped up. Adnoc’s low-carbon investment unit XRG acquired a 10% stake in Mozambique’s Rovuma basin and inked a production sharing contract for Turkmenistan’s Block I gas, with a plan to establish a top-five integrated global gas and LNG business.

What’s next?

Looking ahead, oil price forecasts are highly uncertain: Opec+ decided to pause production increases throughout 1Q 2026, after the significant unwinding of its production cuts last year. The International Energy Agency warned of a potential global oil glut throughout the past few months, while JPMorgan flagged that oil prices could drop severely to USD 30 per barrel in 2027. Meanwhile, the market remains sensitive to both geopolitical developments and regional economic conditions.

Spending plans aren’t expected to be disrupted by moderately lower oil prices in the near term, as the companies have adequate financial buffers to absorb price fluctuations. Conservative spending approach is likely to keep day rates for regional oilfield service providers in check, pushing these firms to prioritize cost reductions and strengthen cashflow resilience.

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Al Akaria appoints Abdullah Abudawood as its new CEO

PIF-backed Saudi Real Estate Company (Al Akaria) named Abdullah Abudawood (LinkedIn) as its new CEO, effective 5 April, it said in a Tadawul disclosure. Abudawood brings over 25 years of cross-sector leadership to the role, having led Remat Al Riyadh Development Company and taken leadership positions at Channels Communications Company, Jazan Economic City, and the Industrial Valley at King Abdullah Economic City.

Why it matters: The new leadership signals a shift in strategy for Al Akaria. While the developer recorded a massive 898% y-o-y jump in income in 9M 2025, it now needs to deliver on a heavy project backlog, including early works for the Expo 2030 Riyadh site, Fai Sedra complex, and Al Narjis Business Park. Abudawood, a former advisor to the Mayor of Riyadh, brings the “inside track” on the city’s urban development priorities.

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Maaden taps global debt markets, German giant wants full control of UMI

Maaden bags USD 1 bn via USD-denominated debt issuance

Saudi Arabian Mining Company (Maaden) raised USD 1 bn through a 10-year, USD-denominated sukuk issuance, it said in a Tadawul disclosure yesterday. The certificates carry a 5.25% annual yield and will be listed on the London Stock Exchange’s International Securities Market.

ADVISORS- Joint lead managers include Albilad Capital, AlJazira Capital, Arab Banking Corporation, Bank of China Hong Kong Branch, BNP Paribas, Citibank, Goldman Sachs International, HSBC, JPMorgan, KFH Capital, Merril Lynch International, Mizuho International, Natixis, and SNB Capital.

IN CONTEXT- Big players kicked off 2026 with a debt issuance spree, with the Public Investment Fund raising USD 2 bn from a USD-denominated, 10-year sukuk issuance. Weeks earlier, Bank Albilad issued USD-denominated AT1, while each of Riyad Bank and Al Rajhi Bank raised USD 1 bn from sukuk issuances. Furthermore, the Saudi Telecom Company (STC) priced a USD 2 bn Reg-S dual-tranche sukuk offering.

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German giant Knauf moves for full control of United Mining Industries

German building materials giant Knauf International GmbH is set to acquire a 63.2% stake in United Mining Industries Company (UMI) for SAR 504.5 mn, UMI said in a disclosure to Tadawul. Substantial shareholders — Al Mojel Trading & Contracting, Al Muhaidib Group, and Rashed Developments — signed a share purchase agreement to sell their entire holdings (8.9 mn shares) for SAR 57 apiece through a private transaction.

What’s next? Upon completion, Knauf intends to submit a mandatory tender offer to acquire up to 100% of UMI’s share capital. The offer price will match the SAR 57 per share paid to the major shareholders, in line with the CMA Merger and Acquisition Regulations. The firm’s intention to launch the offer remains subject to regulatory approvals and reaching an understanding with UMI’s board.

Mining stocks are winning as AI boosts demand for metals

Mining stocks are riding the AI wave to new heights: The MSCI Metals and Mining Index has notched a nearly 90% gain since the start of 2025, significantly outperforming semiconductors, global banks, and the Magnificent Seven. Demand for metals is increasingly decoupling from traditional economic cycles, driven instead by the boom in AI, EVs and robotics, according to Bloomberg.

Copper leads the charge: Copper has increased 50% over the same period, while analysts are also bullish on aluminum, silver, nickel, and platinum. Copper is increasingly viewed as a strategic asset, with JP Morgan forecasting a refined copper deficit of roughly 330k tons in 2026.

Gold and silver mirrored the bullish trend, benefiting from safe-haven demand amid geopolitical fragmentation and US fiscal policy concerns. Gold reached an all-time high of USD 4.9k per ounce last week, with Goldman Sachs raising its end-2026 forecast to USD 5.4k per ounce. Silver also breached the USD 100 per ounce mark a few days ago as private-sector buyers and emerging-market central banks diversify away from traditional reserve assets.

The high demand changed the reputation of mining stocks from a “boring defensive sleeve” to an “essential portfolio anchor,” Pepperstone Group’s research strategist Dilin Wu told Bloomberg.

The sector remains fundamentally undervalued even now, with the Stoxx 600 Basic Resources index trading at a 20% discount to its long-term forward price-to-book ratio, Bloomberg says. This valuation gap has triggered a “buy over build” trend among industry giants, Morgan Stanley analysts told the business information service, with major transactions, including Anglo American’s acquisition of Teck Resources and a potential Rio Tinto-Glencore merger.

Looking ahead: For 2026, the sector’s momentum will likely be dictated by the gigawatt ceiling — the physical capacity of power grids to handle the AI and energy transition build-out. While downside risks remain from potential economic surprises in China or selling pressure in precious metals, the structural demand from semiconductors and data centers makes it likely that mining stocks will remain the primary market darlings for the foreseeable future.

MARKETS THIS MORNING-

It’s looking like a turbulent week for markets as investors brace for the Federal Reserve’s interest rate decision later this week and a wave of Big Tech earnings. Asia-Pacific markets are a sea of red this morning, with the Nikkei in the lead after the JPY saw significant gains after the government said it would take steps against speculative moves. It’s more or less the same for US stocks, which are set to open in the red.

TASI	11,268	+1.2% (YTD: +7.4%)
MSCI Tadawul 30	1,518	+1.4% (YTD: +9.4%)
NomuC	23,613	+0.4% (YTD: +1.4%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.25% repo	3.75% reverse repo
EGX30	46,858	+0.9% (YTD: +12.0%)
ADX	10,286	-0.2% (YTD: +2.9%)
DFM	6,484	-0.2% (YTD: +7.2%)
S&P 500	6,916	0.0% (YTD: +1.0%)
FTSE 100	10,143	-0.1% (YTD: +2.1%)
Euro Stoxx 50	5,948	-0.1% (YTD: +2.7%)
Brent crude	USD 65.88	+2.8%
Natural gas (Nymex)	USD 5.28	+4.6%
Gold	USD 5,017	+1.4%
BTC	USD 86,810	-2.9% (YTD: -0.8%)
Sukuk/bond market index	922.15	0.0% (YTD: +0.3%)
S&P MENA bond & sukuk	151.61	+0.2% (YTD: -0.2%)
VIX (Fear gauge)	16.09	+2.9% (YTD: +7.6%)

THE CLOSING BELL: TADAWUL-

The TASI rose 1.2% yesterday on turnover of SAR 4.8 bn. The index is up 7.4% YTD.

In the green: Tadawul Group (+10.0%), MCDC (+9.9%) and Dar Alarkan (+8.3%).

In the red: East Pipes (-2.4%), Malath Ins. (-2.1%) and Gulf General (-2.1%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.4% yesterday on turnover of SAR 16.1 mn. The index is up 1.4% YTD.

In the green: Anmat (+9.8%), Mufeed (+9.0%) and Horizon Educational (+7.2%).

In the red: Leaf (-7.2%), Alhasoob (-5.4%) and Meyar (-5.3%).

CALENDAR

JANUARY

26-27 January (Monday-Tuesday): SuperReturn Saudi Arabia, Hotel Fairmont, Riyadh.

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

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

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

26-28 January (Monday-Wednesday): IFAT Saudi Arabia, Riyadh Front Exhibition & Conference Center, Riyadh.

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

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

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

FEBRUARY

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

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

2-13 February (Monday-Friday): 2026 Asian Road Cycling Championship and Paralympic Cycling, Qassim.

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

4 February (Wednesday): Michelin Guide’s Restaurant Celebration, Four Seasons Hotel, Riyadh.

5 February (Thursday): Deadline to submit bids for EPC contract for Ras Mohaisen-Baha-Makkah Independent Water Transmission System.

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

8-12 February (Sunday-Thursday): World Defense Show, Riyadh International Convention and Exhibition Center, Riyadh.

8-9 February (Sunday-Monday): AlUla Conference on Emerging Market Economies (ACEME), Maraya Hall, AlUla.

9-10 February (Monday-Tuesday): Global Games Show Riyadh 2026, Malf Hall, Riyadh.

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

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

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

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

15-17 February (Sunday-Tuesday): The World Advanced Manufacturing & Logistics Saudi Expo, Riyadh Front & Exhibition Center.

16 February (Monday): King Salman Stadium design-and-build contract prequalification submission deadline.

16 February (Monday): First day of Ramadan (TBC).

22 February (Sunday): Founding Day.

26 February (Thursday): Title deed registration deadline for 142.8k properties across 104 neighborhoods in Hail.

MARCH

12 March (Thursday): Deadline for real estate registration for 253.2k properties in 499 neighborhoods across Riyadh, Qassim, Makkah, and Hail.

18-23 March (Tuesday-Monday): Eid Al-Fitr holiday (TBC).

21 March (Saturday): Fanatics Flag Football Classic, Kingdom Arena, Riyadh.

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.

22-23 April (Wednesday-Thursday): The World Economic Forum’s Global Collaboration and Growth Meeting, Jeddah.

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

MAY

3-5 May (Sunday-Tuesday): Sports Investment Forum (SIF), Riyadh.

3-9 May (Sunday-Sunday): The Global Sustainability Expo, The Arena Riyadh Venue.

24-28 May (Sunday-Thursday): Eid al-Adha holiday.

JUNE

21-24 June (Sunday-Wednesday): Saudi Food Exhibition and Conference, Riyadh Front Expo.

SEPTEMBER

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

23 September (Wednesday): Saudi National Day.

OCTOBER

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

Signposted to happen sometime in 2026:

2H: Sabic’s USD 6.4 bn Fujian project in China to start production in 2026.
November: UN Trade and Development Global Supply Chain Forum to take place in Saudi Arabia.
November: The Esports Nations Cup, Riyadh.
The Intervision international music competition will take place in Saudi Arabia.
6 July-23 August (Monday-Sunday): Esports World 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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