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Gigaprojects
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NEOM
Sarat rolls out USD 100 mn fund
Plus: Ades Holding completes acquisition of Saipem’s shallow-water drilling business
Neom quietly moves on from The Line’s original vision
References to housing 9 mn people and operating without roads or cars no longer appear…
Neom will spend SAR 60 bn on contract termination
Good morning, friends, and happy Tuesday. Saudi capital is fanning out across the region and…
Saudi Red Sea push gives Neom port a practical trade function
Despite a scaled-back gigaproject, Neom’s port infrastructure is being integrated into national trade flows
AlUla
Construction begins on AlUla luxury hotel, Signit secures USD 15 mn
PIF-backed AlUla Development Company broke ground on the 250-key luxury hotel Numaj
Emerging markets grapple with new global realities at AlUla
Global fragmentation and uncertainty were the buzzwords this year
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…
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…
Saudi Exchange clears Albilad Capital as market maker for three ETFs
Plus: 2P renews, tops up shariah-compliant facility with BSF
Masar, Sisco, Alramz, and more deliver mixed 2Q earnings
Sisco and Saudi Re posted double- and triple-digit jumps, while Masar and Alramz saw interest…
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,…
Qiddiya
Falcon’s Flight at Qiddiya makes headlines
The park’s New Year’s Eve debut gathered thousands of visitors to positive feedback
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
Gigaproject spending slows as focus shifts to Riyadh, real estate financing -Meed
Government budget strain spurs growth of private sector financing in mega-projects