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NEOM
Acwa closes USD 693 mn purchase of Az-Zour North IWPP stakes + Neom backs five startup studios
PLUS: Four Seasons joins Diriyah’s growing roster of luxury hotels
Shifting the gigaproject focus
Neom remains strategic, but no longer dominates capital allocation
Neom’s green hydrogen project is 90% done
PLUS: GCC’s real GDP to expand by 4.4% in 2026 -Oxford Economics
Gigaproject spending slows as focus shifts to Riyadh, real estate financing -Meed
Government budget strain spurs growth of private sector financing in mega-projects
AlUla
AlUla lands are open for business
Property owners can now buy and sell land, apply for building permits, and issue deeds…
Your guide to Saudi’s coolest winter wonders
Light shows, heritage nights, mega concerts, and world-class sports are set to define Saudi’s winter…
The Kingdom’s first public e-buses are online in Tabuk
PLUS: La Perle Fund acquires Jeddah property for SAR 60 mn
First phase of The Line’s Hidden Marina is moving forward + Ceer to unveil its first car by late 2025
PLUS: Two Nomu IPOs continue today
Diriyah Gate
Saudi awards 10 projects valued at SAR 8.57 bn in February
More than 50 new projects are expected to be awarded this month
Chinese contractor CMEC to build 20k residential units in projects in Saudi. Plus: technology, tourism and manufacturing
National Housing Company (NHC) | China Machinery Engineering (CMEC) | Urbas | Binyah | Al…
It’s a wrap for the PIF Private Sector Forum
Several agreements were also signed between the PIF and the private sector
Jeddah Central
Jeddah is getting an opera house as part of new megaproject
Four main landmarks: An opera, oceanarium, museum and a sports stadium
Jeddah hands out SAR 12 bn worth of contracts for getting a new stadium + an opera house and an oceanarium
!_StoryDWSek_! Four contracts worth a combined SAR 12 bn Jeddah Central Development Company (JCDC) has…
Almasar Education bucks a bruising year for Saudi IPOs
Around 21.4 mn shares changed hands across 41k trades worth SAR 450.4 mn
Almasar Education markets Tadawul IPO at SAR 18.5-19.5 per share
At the top of the range, the sale could raise up to SAR 599 mn,…
Subscription for Almasar Education’s Tadawul IPO kicks off next week
Institutional investors will be able to book orders between 2-6 November
Amanat Holdings’ Almasar Education gears up for Tadawul debut
CMA also gave the nod to other debt and equity issuances by Bidaya Finance, EFSIM,…
Qiddiya
Saudi, Pakistan in talks to convert loans to military equipment supply agreement
PLUS: Yemen’s PLC expels Al Zubaidi after failing to attend Riyadh talks
Qiddiya City launches film production hub PlayMaker Studios
Salama and Enaya set voting dates for their merger
Qiddiya’s Q-Express rail project draws interest from over 145 companies
Dar Al Majid to develop SAR 1 bn mixed-use project in Riyadh
Qiddiya awards SAR 5.4 bn contract to build performing arts center
The center will feature 3k seats across three theatres