Aramco heads into 2026 on solid ground — but warns of “severe consequences” for Hormuz closure

1

WHAT WE’RE TRACKING TODAY

Saudi eyes Ukrainian drone shield?

Good morning. Despite US President Donald Trump signaling the war will end “very soon,” drone and missile attacks on the Gulf continue (albeit at a slower pace), while War Secretary Pete Hegseth said yesterday was the “most intense” day of the US-Israeli campaign against Iran so far, and Iran launched salvos of missiles towards Israel.

Hormuz remains effectively closed and is turning into a flashpoint. US forces destroyed 16 Iranian mine-laying vessels near the strait in an effort to keep the global chokepoint open, while Iran’s IRGC threatened to use submarines and missiles to completely halt the movement of US and allied fleets.

The crisis is triggering a “severe chain reaction” across shipping, ins., aviation, agriculture, and automotive supply chain,” Aramco CEO Amin Nasser said, noting that global inventories are already sitting near five-year lows. We have more on that (and Aramco’s 2025 earnings) in today’s big story, below.

Watch this space

DEFENSE — Riyadh is reportedly in negotiations with Kyiv to acquire USD mns worth of Ukrainian-made interceptor drones, the Wall Street Journal reported, citing unnamed sources. The agreement could be signed as soon as today, an unnamed source told Kyiv Independent.

Why it matters: The Kingdom is seeking a cost-effective shield against the surge of Iranian-made Shahed drones currently targeting Gulf infrastructure. Riyadh has relied for years on US-made Patriot and Thaad systems, which fire interceptors costing upwards of USD 3 mn each, to down drones that cost as little as USD 20k to manufacture. Ukraine’s battle-tested interceptor drones — like the Sting or Octopus — promise to handle the high-volume saturation attacks Iran has unleashed since late February at much lower costs.

OIL — The Middle East’s oil machine is throttling back: Saudi Arabia, the UAE, Iraq, and Kuwait have cut production by some 6.7 mn bbl / d — shaving some 6% off global oil supply, Bloomberg reports, citing people familiar with the matter. Saudi trimmed some 2.5 mn bbl / d, Iraq roughly 2.9 mn bbl / d, the UAE 500k-800k bbl / d, and Kuwait about 500k bbl / d. For Saudi Arabia, the UAE, and Kuwait, that translates to roughly 20-25% below February output levels.

SPEAKING OF- Following Monday’s drop, oil prices eased further yesterday after the Wall Street Journal reported that the International Energy Agency is considering releasing more than 182 mn barrels of oil to curb the surge in prices seen since the outbreak of the US-Israel-Iran war. A decision on the motion is anticipated today. The plan requires unanimous approval for immediate adoption, otherwise the process could be stalled.

Prices fell on the news, with Brent futures dropping 0.26% to USD 87.57 / bbl and West Texas Intermediate dipping 0.44% to USD 83.08.

Lower oil prices — driven by an artificial stockpile release — would not advantage the Kingdom, whose outlook was upgraded by Morgan Stanley over its exposure to higher energy prices earlier this week. The bank expected higher oil prices to translate into stronger economic activity and corporate earnings.

LOGISTICS — MSC offers inland alternatives to Hormuz: Global shipping giant MSC has alerted its customers of solutions for inland cargo transport, connecting King Abdullah and Jeddah ports to ports in the Arabian Gulf, it said in a statement. The Dragon and Jade services allow cargoes to bypass the Strait of Hormuz on their way to Asian destinations.

Data point

65 — that’s how many days Saudi Arabia could sustain exports if flows are redirected, or 36 days without redirection, giving it the Gulf’s largest oil storage buffer, Zawya reports, citing a JPMorgan note. Qatar follows with about 20 days, the UAE with 19 days if redirected and 16 days without, and Kuwait with roughly 14 days. Iraq has the smallest cushion at around six days — limited overseas storage capacity has slashed its output to below one-third after the Hormuz Strait closure halted exports.

What this means: Saudi Arabia’s sizable 65-day buffer allows it to fulfill contracts via the Red Sea even during a total Gulf blockade. By contrast, Qatar and the UAE are facing a 20-day “shut-in” clock, and Iraq’s six-day reserve has already triggered a near-total halt of its southern fields.

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.

Subscribe here

***You’re reading EnterpriseAM Saudi, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We’re out Sunday through Thursday by 7am Riyadh time.

EnterpriseAM Saudi is available without charge thanks to the generous support of our friends at Tas’heel and Hassan Allam Properties.

Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on saudi@enterpriseAM.com.

DID YOU KNOW that we also cover Egypt, the UAE, the MENA logistics industry, and the MENA <> India corridor?

***

The big story abroad

It’s another morning with the front pages all about the US and Israel’s continued campaign against Iran, which saw the most intense night of aerial bombardment on Tuesday. Earlier today, Iran retaliated by launching attacks on central Israel and US military sites in Bahrain.

That said, Washington urged Israel not to launch further strikes on Iranian energy facilities, especially oil infrastructure, three unnamed sources told Axios. The Trump administration reportedly argued that such attacks would harm the Iranian public and jeopardize future US cooperation with Iran’s oil sector post-conflict. Washington also cautioned that these strikes could provoke retaliatory strikes against Gulf allies and their own energy sites.

Meanwhile on Wall Street: Microsoft has cemented its support for Anthropic’s lawsuit against the Pentagon, arguing that moves to punish the AI startup would be detrimental to the broader US tech scene.

Earnings, buybacks, dividends, and warnings from Aracmo

Saudi Aramco’s 2025 earnings featured resilient cashflows, a dividend hike, and the company’s first-ever share buyback. However, the balance sheet took a backseat to CEO Amin Nasser’s blunt assessment of the ongoing conflict with Iran: the disruption in the Strait of Hormuz is the “biggest crisis” the region’s energy sector has ever faced.

The oil giant is projecting a narrative of financial fortress-building while simultaneously executing an aggressive physical supply-chain pivot — actively draining global storage to meet customer obligations, capping production of certain crude grades, and maxing out its cross-country pipeline infrastructure to bypass the Arabian Gulf entirely.

By the numbers

Net income for 2025 landed at USD 93.4 bn, a 12% y-o-y decrease driven largely by weaker crude and refining prices. Crude averaged USD 69.20 / bbl in 2025, down from USD 80.20 in 2024. However, adjusted net income came in at a robust USD 104.7 bn. Aramco generated USD 136.2 bn in operating cashflow last year, leaving USD 85.4 bn in FCF.

The payout: Shareholders — primarily the government and the Public Investment Fund, which together hold over 97% of the company — will see a 3.5% bump in 4Q base dividends to USD 21.89 bn. Total distributions for 2025 hit USD 85.5 bn, down from over USD 120 bn last year. Aramco also announced it’s launching a USD 3 bn share buyback over 18 months, a first for the energy giant.

Why a buyback now? Aramco’s gearing ratio — a measure of indebtedness — dropped to a remarkably low 3.8%. The company traditionally favored dividends to fund the Kingdom’s multi-tn USD economic diversification plans. However, while Aramco shares have risen over 12% this year amid geopolitical premiums, they have lagged behind Western supermajors like Shell and ExxonMobil. The buyback — though a drop in the bucket for a USD 1.7 tn company — signals a bid to tighten the freefloat and convey absolute confidence to institutional investors during a period of extreme regional volatility.

The Yanbu pivot

With Iranian threats and military action effectively closing the Strait of Hormuz to commercial shipping, Aramco is aggressively rerouting crude to the Red Sea port of Yanbu.

The math: Nasser confirmed that the East-West pipeline will max out its 7 mn bbl / d capacity within days to bypass the Arabian Gulf. Aramco typically exports about 7 mn bbl / d, relying heavily on its east coast terminals, according to Bloomberg. Some 2 mn bbl / d is immediately absorbed by domestic refineries on the west coast — leaving Aramco scrambling to push the remaining volume onto the global market from a coast not traditionally built to handle the entirety of the Kingdom’s export capacity.

More than 25 supertankers are currently Yanbu-bound, which will grant Saudi Arabia the capacity to ship 50 mn barrels from the Red Sea port, Bloomberg reports, citing its ship-tracking data. The actual size of the flotilla is unclear as some vessels do not reveal their destinations during wars and conflicts.

Oil exports through Yanbu averaged 2.2 mn bbl / d in the first nine days of March, and are on track to reach a monthly high, Reuters reports, citing shipping data. Yanbu’s capacity can handle upwards of 4.5 mn bbl / d, traders told Reuters.

REMEMBER- Hormuz handles roughly 20% of the world’s daily oil supply. The ongoing conflict has forced Middle Eastern producers, including Iraq, Kuwait, and the UAE, to slash production. Saudi alone is reducing output by as much as 2.5 mn bbl / d.

Aramco is prioritizing its most plentiful Arab Light and Extra Light grades through the pipeline, Nasser said. The company has paused utilization of medium and heavy crude grades because there isn’t an adequate alternative export capacity to get them to market.

MEANWHILE- The massive Ras Tanura refinery only restarted production yesterday, following a direct Iranian drone attack last week.

What’s next? Catastrophic consequences, says Nasser

The CEO did not mince words regarding the macro outlook, warning of “catastrophic consequences” for the global economy if the blockade drags on. Oil prices briefly touched USD 120 / bbl on Monday — the highest since June 2022 — before pulling back to USD 87.8 after the US hinted at a potential de-escalation.

A temporary solution: Aramco is currently draining its global storage inventories located outside the Kingdom to meet customer obligations without Gulf shipping. Still, “that cannot be used […] for an extended period of time,” Nasser said in the earnings call.

Global spare capacity is heavily concentrated in the GCC. If the market tightens further due to demand spikes or additional supply shocks elsewhere, the barrels needed to balance the market are physically locked behind the contested waterway.

The impact? Some 350 mn bbl of disruptions will eventually come off the market — even with the Yanbu pivot, Nasser said.

Not just an energy story: The war is already causing “a severe chain reaction” and “a drastic domino effect” on multiple sectors, including “aviation, agriculture, automotive, and other industries,” Nasser said.

Some good news: Nasser confirmed that the oil giant’s major oil, gas, and downstream projects remain unaffected by the war.

Economy to show resilience, says Oxford Economics

Saudi Arabia is set to weather the US-Iran conflict with significantly more resilience than its neighbors, with Oxford Economics trimming its growth forecast for the year 0.5 percentage points — one of the least drastic downgrades compared to its GCC peers — according to a research note (pdf).

The Kingdom’s strategic geography allows it to find a way around the effectively closed Strait of Hormuz by pivoting to Red Sea ports, the note explains. As the largest oil exporter in the region, the Kingdom could reroute the majority of its 5-6 mn bbl / d through the East-West pipeline and the Red Sea, according to the note. While this shift requires managing logistical constraints — including storage capacity and shipping turnarounds at Red Sea terminals — it provides a critical relief valve that other Gulf producers lack.

Why it matters: Saudi Arabia’s capacity to sustain export volumes enables it to capitalize on rising oil prices, prompting Oxford Economics to upgrade the Kingdom’s 2026 budget balance forecast by 0.5 percentage points.

!_SubHeadl_! The GCC at large

The aggregate real GDP growth forecast for the GCC has been lowered by 1.8 percentage points to 2.6% in 2026 . While growth is expected to hit a low point of 2.3% y-o-y in 2Q 2026, a gradual recovery is anticipated in the second half of the year. This is projected to lead to a “catch-up” growth in 2027, for which the forecast has been raised by 1 percentage point.

The tourism hit: The sector, which is a major non-energy contributor in the region, is expected to see an 11% decline in passenger arrivals in 2026, a 19 pp downgrade from pre-war baselines, as airspace closures and security concerns halt the Gulf stopover model.

The 2026 GCC annual CPI inflation forecast has been revised up by 0.2 pps to 2.5%. While governments are regulating prices for essentials (fuel, dairy, meat), the prices of non-essential goods are expected to rise due to supply shortages and the higher costs associated with rerouting cargo around the conflict zone.

Don’t count Saudi tourism out yet

The war is bound to leave a mark on the region’s tourism, but Saudi is walking into this storm with a sturdier umbrella than its neighbors, Capital Economics’ Harry Chambers wrote in an update (pdf). The Kingdom’s geography and visitor mix provide a built-in buffer against the shocks.

The “write-off” talk is premature: “The conflict does generate some risks for Saudi’s tourism targets, but I think saying the targets are a ‘write-off’ is probably too harsh,” Chambers tells EnterpriseAM. While typical regional crises see a 30-40% drop in visitor arrivals with a three-year recovery period, Saudi Arabia’s exposure is more hedged than its peers.

BUT- There is a collateral perception risk: Safety typically ranks above weather, transport links, and culture when choosing destinations for tourists, and even if Saudi Arabia is safer than some neighbors, global tourists often see the Middle East as a single risk zone. Travel advisories — like US and UK warnings that already include the non-directly involved Egypt — show how quickly regional risk perceptions can spread.

Silver linings

Religious tourism gives us steady ground: Pilgrimage accounts for around 40% of foreign visitors to Saudi Arabia and roughly 55% of tourism spending, making it less sensitive to geopolitical tensions than leisure travel. Visitors traveling for religious purposes are also typically less responsive to security concerns than traditional tourists.

Geography is in our favor: Unlike our neighbors in the immediate proximity of Iran, many of our primary tourist magnets like Riyadh, Makkah, and Jeddah lie far from the Gulf coast, potentially insulating them from direct regional security concerns.

Intra-GCC tourism flows could cushion the blow: Around 27% of tourism in the Gulf is intra-regional. If GCC residents opt to holiday closer to home rather than traveling abroad, it could soften the blow of falling international demand.

How the Kingdom can adapt

Keep the cranes moving: “One way [the government] could provide support is to not scale back the gigaprojects as they had planned to do before the conflict,” Chambers said. Maintaining construction would signal to investors and tourism operators that the Kingdom’s long-term plans remain intact despite regional tensions — though the strategy ultimately depends on continued oil exports and stronger oil prices.

Sidara completes Wood Group takeover after two-year pursuit

Our friends at Sidara have completed their takeover of Wood Group — a rare take-private of a UK public company by a privately-held UAE firm. The Dubai-headquartered planning, design, engineering, and project management giant closed its acquisition of Aberdeen-based John Wood Group plc for c. GBP 210 mn, after a nearly two-year pursuit.

By the numbers: The transaction makes Sidara one of the world’s largest privately held engineering and consulting businesses, with a combined workforce north of 55k professionals and revenues north of USD 8.5 bn — split as roughly 40% North America and 20% from each of Europe, the Middle East and Africa, and Asia Pacific.

Why it matters: The transaction gives Sidara a serious upgrade in energy and materials capabilities at a moment when Gulf states — Saudi Arabia in particular — are pouring capital into energy infrastructure, industrial buildouts, and decarbonization. Wood’s technical depth there make it a strategic prize.

It’s not every day that a private company swallows a publicly listed one, rather than the other way around. Sidara Chairman and CEO Talal Shair called it “without a doubt the most ambitious venture in the history of Sidara, driving forward a long-term critical strategy of expanding and elevating our energy offering.”

Wood will retain its brand and operate as a standalone business within Sidara alongside Dar, Perkins & Will, TYLin, and Currie & Brown. Hat tip to our friend Nader Aboushadi (LinkedIn), Sidara’s group chief treasurer, who was instrumental in putting together the transaction and leading it to a close. Regular readers of EnterpriseAM will recognize Nader from his numerous appearances on our stage at various EnterpriseAM Forums (read or listen). We also caught up with him a little while back for our My Morning Routine column.

BinDawood and more post 2025 earnings

BinDawood

BinDawood Holding reported a 3.6% y-o-y increase in net income to SAR 113.6 mn for 4Q 2025, while revenue grew 17.1% y-o-y to SAR 1.67 bn, according to a disclosure to Tadawul (pdf). Operating income for the quarter also saw double-digit growth, rising 15.4% y-o-y to SAR 146.9 mn.

The quarterly growth was largely underpinned by high-margin contributions from the newly integrated retail pharmacy vertical and a 13.7% y-o-y increase in gross income. Profitability was also supported by improved commercial terms in the core grocery division and stronger performance from the Ykone technology segment. Improved operating leverage also supported results, with the OPEX-to-revenue ratio declining to 26.2% during the quarter.

In 2025, BinDawood saw a 3.6% y-o-y decline in net incometo SAR 270.0 mn, despite revenue rising 11.8% y-o-y to SAR 6.3 bn. The dip was mainly due to higher finance costs tied to a bank loan for the Zahrat Al Rawdah acquisition, along with lower finance income as surplus cash was deployed toward M&A. Part of its liquidity surplus is being directed toward debt repayment to strengthen the balance sheet.

Looking ahead, BinDawood is focusing on regional growth and vertical integration. The group entered Qatar with its first store in February 2026 and expects to consolidate its majority stake in UAE-based Wonder Bakery in 1H 2026.

Al Babtain Power and Telecom

Al Babtain Power and Telecom’s net income jumped 70.5% y-o-y to SAR 453 mn in 2025, supported by lower operating and financing costs, it said in a disclosure to Tadawul. Its top line rose 1.6% y-o-y to SAR 2.9 bn during the year, driven by higher sales volumes and the acquisition of new projects.

Saudi Cement

Saudi Cement reported a 13.8% y-o-y drop in net income to SAR 363.7 mn in 2025, weighed down by lower average selling prices, reduced other income, a drop in associate earnings, and higher zakat expenses, according to a Tadawul disclosure. Meanwhile, revenue edged down 0.3% y-o-y to SAR 1.7 bn, despite an increase in sales volumes.

Saudi Arabian Cooperative Ins.

Saudi Arabian Cooperative Ins.’ net income fell 55% y-o-y to SAR 22.2 mn in 2025, due to a 66% decline in net ins. services results and an 18% drop in investment income, according to a Tadawul disclosure. Meanwhile, ins. revenues rose 7.1% y-o-y to SAR 1.2 bn during the year, supported by growth in its motor, property and casualty, and protection lines.

Arabia Ins. Cooperative

Arabia Ins. Cooperative Co. swung to a net loss of SAR 45.2 mn in 2025, down from a net income of SAR 30.1 mn in 2024, it said in a disclosure to Tadawul. The decline reflected weaker ins. services and investment income results. Meanwhile, ins. revenues rose 22.5% y-o-y to SAR 851.1 mn, driven by growth in its motor and engineering segments.

King Salman Park is getting a USD 3 bn mixed-use district

A local-international consortium led by Kolaghassi Development will set up a USD 3 bn mixed-use district in King Salman Park, according to a press release. The consortium includes Al Othaim Investment and real estate investor and operator RXR, and the development will be supported by Mulkia Investment.

About the project: The development will include 3.7k residential units, a school, hospitality projects, 100k sqm of office space, and commercial spaces.

ALSO- The project also saw over USD 3.8 bn in fresh commitments from undisclosed private sector players across multiple mixed-use districts, the release said without elaborating further.

IMF warns Middle East conflict could add 40 bps to global inflation

The IMF is sounding the alarm on a potential oil-led inflation spike, with the Fund's Managing Director Kristalina Georgieva warning on Monday that a sustained 10% increase in oil prices throughout the year would result in a 40 bps rise in global inflation, Reuters reports. “We are seeing resilience tested again by the new conflict in the Middle East,” Georgieva said, urging policymakers to “think of the unthinkable and prepare for it.”

Oxford Economics also sees global inflation rising by 0.3-0.4% in 4Q 2026, accompanied by a 0.1 percentage point dip in global growth. While energy price trajectories remain volatile, Oxford Economics anticipates that Brent crude will average USD 79 / bbl in 2Q 2026 — a USD 15 upward revision from February estimates — before potentially retreating as supply conditions normalize, according to a report seen by EnterpriseAM.

The most exposed regions: The UK and the Eurozone, due to their exposure to gas prices. The agency sees rising energy prices pushing UK inflation up by 0.5 percentage points in 4Q compared to previous forecasts.

What’s the prognosis on rate cuts? The Bank of England will likely avoid cutting interest rates at its March meeting — or beyond if energy prices remain elevated for long — though rate cuts could resume in April or June if energy prices retreat quickly. In the Eurozone, the European Central Bank (ECB) is expected to maintain interest rates at 2% throughout the year. The ECB might raise rates by 25-50 bps if the energy shock persists.

As for the US Federal Reserve, Oxford Economics’ forecasts remain unchanged, pointing toward potential interest rate cuts of 25 bps in June and September, given the energy shock is less likely to impact inflation.

MARKETS THIS MORNING-

It’s another morning with Asia-Pacific markets opening in the green as oil prices dipped further on hopes that the International Energy Agency will release its largest-ever stock to keep prices under control. The Kopsi is leading gains, up 3.4%, with the Nikkei trailing behind.

TASI	10,930	+0.9% (YTD: +4.2%)
MSCI Tadawul 30	1,478	+1.0% (YTD: +6.5%)
NomuC	22,281	0.0% (YTD: -4.4%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.25% repo	3.75% reverse repo
EGX30	47,773	+2.9% (YTD: +14.2%)
ADX	9,997	+1.4% (YTD: 0.0%)
DFM	5,867	+2.0% (YTD: -3.0%)
S&P 500	6,781	-0.2% (YTD: -0.9%)
FTSE 100	10,412	+1.6% (YTD: +4.8%)
Euro Stoxx 50	5,837	+2.7% (YTD: +0.8%)
Brent crude	USD 87.80	-11.3%
Natural gas (Nymex)	USD 3.05	+1.1%
Gold	USD 5,204	-0.7%
BTC	USD 70,056	+1.3% (YTD: -20.1%)
Sukuk/bond market index	917.68	-0.2% (YTD: -0.2%)
S&P MENA Bond & Sukuk	151.48	-0.2% (YTD: -0.3%)
VIX (Volatility Index)	24.93	-2.2% (YTD: +66.8%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.9% yesterday on turnover of SAR 5.2 bn. The index is up 4.2% YTD.

In the green: Albabtain (+9.9%), Jazadco (+9.7%), and Alrajhi Takaful (+8.3%).

In the red: Petro Rabigh (-7.4%), Saudi Kayan (-4.8%), and Sipchem (-4.8%).

THE CLOSING BELL: NOMU-

The NomuC remained flat yesterday on turnover of SAR 21.7 mn. The index is down 4.4% YTD.

In the green: Asas Makeen (+10.0%), Paper Home (+9.97%), and Watani Steel (+9.4%).

In the red: Ghida Alsultan (-9.9%), Jamjoon Fashion (-7.5%), and Alqemam (-6.8%).

CALENDAR

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.

25-27 March (Wednesday-Friday): Future Investment Initiative Institute, Faena Hotel, Miami Beach.

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, Mandarin Oriental 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 Hotel, Riyadh.

20-22 April (Monday-Wednesday): Saudi Paper and Packaging Expo, Riyadh International Convention & Exhibition Center.

20-22 April (Monday-Wednesday): Sports Investment Forum (SIF), Riyadh

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.

28 April (Tuesday): GC Summit Saudi Arabia, Riyadh.

MAY

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

5-6 May (Tuesday-Wednesday): SkyMove Air Cargo MENA, Riyadh.

19-21 May (Tuesday-Thursday): The Saudi Entertainment and Amusement Expo, Riyadh Front Exhibition and Conference Center.

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

12-15 October (Monday-Thursday): World Energy Congress, Riyadh.

26-28 October (Monday-Wednesday): ACHEMA Middle East, Riyadh International Convention & Exhibition Center.

NOVEMBER

24-28 November (Tuesday-Saturday): Aero Middle East and Sand & Fun, Thumamah Airport, Riyadh.

Signposted to happen sometime in 2026:

2H: Sabic’s USD 6.4 bn Fujian project in China to start production;
November: The 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.

Sections

About

Privacy & Support

Get EnterpriseAM daily