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Logistics (MENA) 
Two new Ikea locations coming to Jazan + Abha
PLUS: Egypt-born transport app Swvl lands USD 2.6 mn in contracts across Saudi
Riyadh, Jeddah ramp up residential unit supply amid rising demand
Mortgages were up 12% y-o-y in 2Q 2024, at 24.5k contracts worth some SAR 18 bn
Cabinet approves fresh commercial registration + trade names laws
Ministers also signed off on the Saudi-Egyptian Supreme Coordination Council
Warehousing space rents rise as industrial growth spurs demand
Rent in Riyadh grade B facilities + light industrial units is averaging at SAR 210 per sqm
Saudi’s first Hong Kong-focused ETFs to debut on Tadawul by year-end
PLUS: We’re exactly a week away from this year’s EnterpriseAM Finance Forum in Cairo
Riyadh Commercial Court awards Al Akaria SAR 187.5 mn compensation
PLUS: Mawani adds new shipping service to Jeddah Islamic Port
Propetch HissaTech closes SAR 2.5 mn pre-seed round
The funds will go towards growing the startup’s customer base
First Avenue could raise SAR 98.5 mn from its Nomu IPO
Subscriptions for the IPO kick off today
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