Saudi Edition 
MENA+ Edition 
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AI + Innovation (MENA) 
Infrastructure 
Taking stock of the fast-growing Saudi-China relationship
Two-way trade and investment between China and Saudi Arabia is booming — and raising eyebrows in the west
Velents AI secures undisclosed amount in women-led investment round
Women investors put up 80% of the funding
China’s Baosteel, Aramco, the PIF will double their investments in Saudi steel plate maker
The partners are together kicking in over USD 1 bn more than originally announced
Saudi Olympic team represents at opening ceremonies in traditional dress
Plus: 13k Toyota Land Cruisers and Lexus SUVs recalled
Saudi’s growing EV market is getting some attention
The number of EVs in Saudi tripled to 800 in 2023
Diriyah awards USD 2.1 bn Wadi Safar contract
Diriyah is developing the ancestral home of the royal family at a cost of USD 63 bn
Aramco-backed VC fund Wa’ed invests in Korean chipmaker, US AI software outfit
Plus: Rent finance outfit Techmal raises pre-seed capital + UAE’s Orgam to expand here
Four salt ore explorations licenses awarded at Eastern Province
Plus: Built Industrial to undertake HQ expansion of municipalities and housing ministry in the capital
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