Chinese firms land over USD 4 bn in contracts for renewable energy projects

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WHAT WE’RE TRACKING TODAY

THIS MORNING: CMA is reportedly pushing for bigger retail share in IPOs

Good morning. Energy — the sustainable and the not-so-sustainable kinds — are taking the lead in today’s news well. Chinese firms landed contracts totaling over USD 4 bn for a number of solar and wind projects in the Kingdom, while Midad Energy’s North Africa arm is deploying over USD 5 bn in partnership with Algeria’s Sonatrach to produce hydrocarbons in the Illizi Basin.

ALSO- Saudi’s project awards declined in the third quarter, driving a regional decline, and Jarir marketing is leading the early trickle of 3Q earnings that’s about to rain down on us next week as the season picks up steam. Let’s dive in.

HAPPENING TODAY-

Finance Minister Mohammed Al Jadaan is leading a Saudi delegation as the annual meetings of the World Bank Group and the International Monetary Fund in Washington enter their second day, state news agency SPA reported yesterday. The meetings, which commenced yesterday and will continue until next Saturday, discuss global economic developments, growth prospects, risks, and how to address them.

WEATHER- Stormy spells ahead: Light to moderate thunderstorms, hail, and gusty winds are expected today across Makkah and Al Baha, turning heavy in parts of Asir and Jazan. Fog may blanket these areas along with parts of the Eastern, Northern Borders, Al Jouf, Hail, Tabuk, and coastal Madinah regions. Dust-laden winds will continue sweeping through Qassim and Riyadh, extending toward the northern reaches of the Eastern Region.

Riyadh: 35°C high / 20°C low,
Jeddah: 35°C high / 27°C low
Makkah: 38°C high / 29°C low.

WATCH THIS SPACE-

A push for bigger retail share in IPOs? The Capital Market Authority (CMA) is reportedly encouraging companies planning IPOs to allocate a larger portion of shares to retail investors — around 30% of the total on offer — up from the usual 10%, in a bid to boost liquidity on Tadawul, Semafor reported yesterday, citing people it said are familiar with the matter. The requests have been made informally and aren’t a regulatory requirement.

Allocation tensions: Retail investors, who accounted for over 20% of trading activity in September, voiced frustration at missing out on IPO gains as their allocations have shrunk over the years. However, a larger retail tranche could displease foreign institutional investors, who already face limited allocations and are crucial for price discovery and long-term stability. The CMA’s challenge lies in balancing local investor access with efforts to attract more global capital to the Saudi market.

The move follows other steps by the regulator to revive trading activity, including plans to scrap the requirement for foreign investors to register as Qualified Foreign Investors before buying shares and a decision nearing completion to lift the 49% cap on foreign ownership.

Qatar-Saudi railway link gets the green light: Qatar’s Cabinet approved a draft agreement to set up a railway linking Qatar to the Kingdom through a modern train network spread across several regions in both countries, Qatari state news agency QNA reports. The high-speed railway line, expected to span some 550 km, is part of the GCC railway network — a broader USD 200 bn project slated for completion by December 2030.

Not the only link in the pipeline: Kuwait’s Central Agency for Public Tenders opened four bids for a 12-month design contract for a Kuwait-Saudi railway project in November. The 111 km railway will connect Kuwait City to the Saudi border and is part of the larger USD 200 bn GCC railway initiative.

DATA POINTS-

#1- The Saudi box office raked in SAR 448 mn in revenues during 1H 2025, up 6.2% y-o-y, with 9.1 mn tickets sold, Asharq Business reported yesterday, citing data from the Film Commission. The growth reflects continued expansion of the local cinema market, which now spans over 65 venues across 20 cities with 635 screens and an average ticket price of SAR 49.

Three Saudi titles ranked among the top-grossing films of the period, including Shabab Al Bomb 2 with SAR 27.2 mn (3rd place), Hobal with SAR 24.5 mn (4th place), and Esaaf with SAR 18.5 mn (8th place).

#2- Al Nassr led Saudi clubs in player spending in 2025 with a net outlay of EUR 126 mn, followed by Neom at EUR 116 mn, Asharq Business reports, citing CIES Football Observatory data for the period beginning October 2024. Al Ahly and Al Hilal each recorded EUR 97 mn in net spending, followed by Al Qadisiyah with EUR 95 mn, and Al Ittihad with EUR 91 mn.

OIL WATCH-

Opec kept its global oil demand growth forecast unchanged at 1.3 mn bbl / d for 2025 and 1.4 mn bbl / d for 2026, according to its monthly oil report (pdf). Global supply is expected to match demand next year as the group continues to boost production.

Demand for Opec+ crude remains steady at 42.5 mn bbl / d this year, rising slightly to 43.1 mn bbl / d next year. The group increased output by 630k bb l /d in September, bringing total production to an average of 43.05 mn bbl / d, the report adds, citing secondary sources. Opec+ agreed to add a total of 137k bbl / d to production in October and November.

ALSO- Echoing Opec: Saudi Aramco maintained a similar growth forecast of around 1.2-1.4 mn bbl / d for both 2025 and 2026, Reuters reports, quoting CEO Amin Nasser as saying at the Energy Intelligence Forum in London.

Aramco can maintain its maximum production capacity of 12 mn bbl / d — one of the lowest extraction costs globally at about USD 2 per barrel — at the same costs, Nasser added.

SOUND SMART- The Kingdom’s very low production costs — previously estimated between USD 3-5 per barrel — give it a structural edge over higher-cost producers such as US shale firms, which typically need prices around USD 65 per barrel to stay profitable. Expanding output — as seen with Opec — allows the Kingdom to claw back market share by sustaining lower prices for longer periods, a tactic used from past oil price wars by driving prices down to a level where only the lowest-cost producer can thrive.

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THE BIG STORY ABROAD-

One story is dominating the front pages of the foreign press, and that’s US President Donald Trump’s victory lap in Sharm El Sheikh in Egypt yesterday, following the release of the remaining Israeli captives by Hamas, Israel’s release of Palestinian prisoners, and what he declared the end of the war. Trump and 20 other world leaders — including the UAE and Saudi Arabia — gathered for a peace summit in Egypt yesterday to celebrate what is being heralded as a “new dawn” for the Middle East.

Key issues remain unresolved, including Hamas’ refusal to disarm, Israel’s partial troop withdrawal, and the question of who will govern Gaza once the fighting fully stops, the Associated Press reports. The US-led plan envisions an international body overseeing Palestinian technocrats and an Arab-led security force, but both Hamas and Israel have pushed back on elements of that framework. (Reuters | Bloomberg | Financial Times | Wall Street Journal)

Next up: Ukraine? Trump is set to meet with Ukrainian President Volodymyr Zelensky at the White House on Friday as he sets his eyes on resolving the conflict with Russia. (WSJ | Axios)

Among the biggest business headlines, OpenAI’s latest chip agreement with Broadcom is getting the most attention. The two firms agreed to develop and deploy 10 GW of chips and computing systems, marking the latest in a series of chip agreements inked by OpenAI with the likes of Nvidia and AMD worth bns of USD. (WSJ | FT | CNBC)

PLUS- American-Israeli Joel Mokyr, French economist Philippe Aghion and Canadian economist Peter Howitt were awarded the Nobel Prize for Economic Sciences for their work exploring the impact of innovation on economic growth, and the concept of “creative destruction.” (WSJ | CNN)

Chinese firms land over USD 4 bn in contracts for renewable energy projects

Chinese companies are on a roll in Saudi’s renewable energy sector, securing contracts totalling over USD 4 bn this week for a number of solar and wind projects in the Kingdom.

#1- One solar, two wind: China Energy International Group, China Energy Engineering Group Guangdong, and China Electric Power Engineering Consulting Group signed three solar and wind engineering, procurement and construction (EPC) contracts worth some USD 2.75 bn with a project company owned by Acwa Power, Aramco Power, and PIF-owned Badeel, according to a press release (pdf).

The breakdown: The contracts cover the 2 GW Khulais solar project (USD 831 mn), the 1 GW Shaqra wind project (USD 663 mn), and the 2 GW Setarah wind project (USD 1.25 bn). The projects will be completed within 26-30 months.

#2- PowerChina consortium lands two solar projects: A consortium of PowerChina‘s subsidiaries — Sinohydro Group International Engineering, PowerChina Huadong Engineering, and others — inked EPC contracts with Saudi Afif Renewable Energy Company for two solar independent power producers in Afif, Riyadh province, according to a press release (pdf).

The projects: The Afif 1 and Afif 2 PV projects, each with a capacity of 2 GW, have a total value of around USD 1.6 bn. They will be developed over 26 months and will include 132 kV transmission lines and grid interconnection facilities.

A big footprint: PowerChina was also awarded the EPC contracts for the 1.25 GW MAS 5 and 400 MW AHK2 solar projects in Riyadh earlier this year. It also secured a contract for the 500 MW Waad Al Shamal wind project in the Kingdom’s north last year.

REMEMBER- The Saudi Power Procurement Company inked development and power purchase agreements in July with an Acwa Power-led consortium for seven solar and wind projects — including the above-mentioned projects — valued at a combined SAR 31 bn (USD 8.3 bn), with a total capacity of 15 GW.

Midad Energy to invest USD 5.4 bn in Algerian hydrocarbon

MidadEnergy’s North Africa arm signed a USD 5.4 bn production-sharing agreement with Algeria’s state-owned Sonatrach to explore and develop hydrocarbons in the Illizi Basin in southern Algeria, according to a press release from Sonatrach.

The details: The 30-year contract — extendable by 10 years — includes a seven-year exploration phase. Midad will fully finance the planned investments, including USD 288 mn dedicated to exploration activities.

The goals: The partnership aims to produce a total of 933 mn barrels of oil equivalent over the contract period. This includes 125 bn cubic meters of natural gas and 204 mn barrels of liquid hydrocarbons split between 103 mn barrels of LPG and 101 mn barrels of condensates.

In the works for a while: The two companies inked an MoU in March to enter into a partnership to appraise and fast-track the development of gas fields in the Illizi region.

Saudi project awards fall 35% y-o-y in 3Q

Saudi Arabia’s projects market saw a 34.8% y-o-y drop in contract awards in 3Q 2025, with the value of new agreements falling to USD 28.1 bn from USD 43.1 bn a year earlier, according to Kamco Invest’s latest GCC Projects Market Update (pdf). The Kingdom’s share of total GCC project awards declined to 51.3% in 3Q 2025, down from 57.4% in the same period last year.

The slowdown was largely attributed to a deceleration in gigaproject awards amid several headwinds, including weaker-than-anticipated foreign investment, soft oil prices, and substantial cost inflation and engineering difficulties — especially in projects like Neom — according to data from Meed Projects. The construction sector was also under pressure, showing a clear decline in awards for new homes and hotels.

By sector: Power led with USD 9.8 bn in new projects, despite seeing a 42.7% y-o-y decline. New construction contracts reached USD 5.2 bn, while the oil sector’s awards dipped 2.5% to USD 3.9 bn. Key agreements signed during the quarter included a USD 853 mn contract with Almabani General Contractors for two road projects in Riyadh and a USD 167 mn agreement to develop a Pirelli tyre factory in King Abdullah Economic City.

In the first nine months of 2025, contracts were almost cut in half y-o-y, falling to USD 61.5 bn compared to USD 116.6 bn in 9M 2024.

Outlook remains positive despite the dip: The Kingdom still boasts the region’s largest pipeline with USD 887 bn in planned projects — nearly half of the GCC’s total. State oil firm Aramco also plans to roll out 99 new projects in the next three years to enhance its production capabilities. Meanwhile, the IMF has recently raised Saudi Arabia’s 2025 growth forecast to 3.5%.

REGIONALLY- The total value of awarded projects fell 27% y-o-y in 3Q 2025 to USD 54.8 bn, marking the second-weakest quarter in the last two and a half years. This regional drop was driven by slowdowns in Saudi Arabia and the UAE, with geopolitical concerns and rising costs impacting investor sentiment. Regional construction activity saw the sharpest contraction, falling 62.4% y-o-y to USD 11.1 bn.

The UAE registered the largest drop, with awards falling 65.8% y-o-y to USD 6.7 bn, placing it third in the region.
Qatar moved against the regional current, with its project awards increasing 115.9% y-o-y to USD 13.6 bn, bolstered by projects related to the 2030 Asian Games.
Kuwait also saw an uptick in activity, with awards climbing 33.8% y-o-y to USD 4.3 bn.

Looking ahead: Kamco anticipates a rebound in GCC project activity in 4Q, pointing to a substantial USD 1.78 tn pipeline.

Growth debt is the answer to GCC financing gap, PFG says

Venture capital ecosystems are rapidly maturing in the GCC, but some argue companies still face structural funding gaps in debt markets that could hinder growth. The SME financing gap in Saudi has been estimated at some SAR 300 bn.

We spoke to Armineh Baghoomian, Managing Director and Head of EMEA at Partners for Growth. The global investment firm —- specializing in structured growth debt —- has been investing in the GCC for over 5 years now, championing growth debt as the way to finance rapidly-growing companies without affecting their ownership structures. Edited excerpts from our conversation:

The SME financing gap we’re seeing today in Saudi Arabia underscores the growing demand for alternative funding models, financing growth without relying solely on equity. It also demonstrates the need to expand access to debt financing for companies that may not yet be eligible for traditional commercial lending solutions.

SMEs are less likely than larger businesses to be able to obtain bank loans globally — a trend exaggerated in the GCC, where credit is heavily concentrated in large corporations, government-backed entities, or family groups. This means companies operating in capital-intensive sectors — such as fintech, SaaS, and digital health — often struggle to access conventional debt, despite their potential.

We see high potential in various fintech solutions – from BNPL to remittances. Powerful regional factors drive our optimism: strong regulatory support for digital finance, a young, tech-savvy population, rapid digital transformation, and healthy and increasing demand for scalable, equity-efficient financing. The GCC is home to a generation of entrepreneurs who possess the vision and ambition to transform regional ecosystems and economies. The key to unlocking their potential is to ensure these founders receive the right kind of capital.

That’s where growth debt comes in. Growth debt provides a flexible alternative, offering minimally dilutive capital that enables these high-growth companies to invest in product development, hiring, M&A, geographic expansions, and any other pillars of their long-term growth strategy — without significantly diluting ownership. For investors, meanwhile, growth debt offers a lower-risk avenue to access innovation and tech opportunities, combined with consistent returns.

Growth debt was virtually unknown in the GCC five years ago. Today, it is becoming a vital part of the region’s financial landscape. We have already committed over USD 400 mn to high-growth companies across the GCC, and we see significant room to expand further. Beyond capital, we are helping to shape the regulatory landscape to normalize growth debt as a mainstream financing tool in the region.

We design growth debt to match where a company is and where it’s headed. It sits alongside other financing sources, offering a minimally dilutive option that allows high-growth companies to scale while retaining control. This is especially important in the GCC, where there is a structural funding gap, despite the region’s rapidly maturing venture equity ecosystem. We make sure to apply our model while adapting to local dynamics: we were among the first to offer Sharia-compliant structures — an important enabler in Saudi Arabia and the wider region — and continue to design bespoke facilities for ambitious, high-growth companies.

These solutions are not one-size-fits-all. They are built in close partnership with founders, and enriched by strategic partnerships with leading institutions – including Jada Fund of Funds and Saudi Venture Capital Company (SVC). SVC and Jada approached us because we had already been actively deploying in the region and brought a demonstrable track record, measured in decades, of empowering high-growth companies to succeed.

PFG has so far committed to 15 companies across the GCC, spanning fintech, proptech, e-commerce, logistics, SaaS, martech, and more. From BNPL giant Tabby to digital freight platform TruKKer — our first GCC investment — to auto ecommerce business Syarah as well as payroll and HR management system Bayzat, we have demonstrated that growth debt is not just funding; it is strategic capital designed to scale businesses sustainably while preserving ownership.

Zatca proposes new sugar-based tax system for sweetened beverages

The Zakat, Tax, and Customs Authority (Zatca) proposed amendments to theexecutive regulations of the Selective Tax Law (pdf), introducing a sugar-content-based system for calculating the selective tax on sweetened beverages. The draft is open for public consultation on Istitlaa until Thursday, 23 October.

A new sugar-based methodology: The proposed changes would replace the current flat tax rate on sweetened beverages with a tiered system tied to total sugar content per 100 ml. The tax would exempt sugar-free or low-sugar drinks and apply a SAR 1.09 tax per liter for medium and high-sugar products.

Tiered tax rates:

Tier 1: Sugar-free, contains only artificial sweeteners — SAR 0 / liter;
Tier 2: Low sugar (less than 5 g per 100 ml) — SAR 0 / liter;
Tier 3: Medium sugar (5-7.99 g per 100 ml) — SAR 0.79 / liter;
Tier 4: High sugar (8 g or more per 100 ml) — SAR 1.09 / liter.

Other selective goods unchanged: Existing tax rates remain at 100% for tobacco products, energy drinks, electronic smoking devices, and liquids used in electronic smoking devices.

Clarity and compliance: The amendments also clarify how the selective tax should be calculated for concentrates and powders based on the sugar content of the final beverage and introduce new registration rules requiring producers and importers to disclose sugar levels and supporting data to Zatca before placing products on the market.

Jarir’s estimates net income grew 5.4% y-o-y in 3Q 2025 to SAR 324.9 mn

Jarir Marketing saw its estimated net income increase 5.4% y-o-y to SAR 324.9 mn in 3Q 2025, thanks to higher sales, it said in a Tadawul disclosure yesterday. The figure came short of Bloomberg analysts’ forecast of SAR 333.8 mn. Revenue climbed 11.9% y-o-y during the quarter to SAR 3 bn.

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On a 9M basis, the company’s bottom line rose 5.8% y-o-y to SAR 739.4 mn, while its top line increased 4.9% y-o-y to SAR 8.4 bn.

Riyadh real estate project Jawharat Al Ruba hits the market

REAL ESTATE-

Abdul Rahman Saad Al Rashid & Sons kicked off sales for its SAR 1 bn Jawharat Al Ruba residential project, laucnhed in collaboration with the National Housing Company (NHC), Al Arabiya reports. The development includes 1.2k villas and townhouses located near major roads, the Riyadh Metro, King Fahd International Stadium, hospitals, and shopping centers.

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IN CONTEXT- Jawharat Al Ruba is the latest addition to the larger 5.7 mn sqm and 9k home Al Ruba Destination launched last month east of Riyadh, with total investments of around SAR 7.8 bn. NHC inked agreements with several private developers to build communities within the project, including Abdul Rahman Saad Al Rashid and Sons for the Jawharat Al Ruba project, Dar Wa Emaar for Saraya Al Ruba, Ledar Investment for Dar Al Ruba, and Kooheji Development for Rewan Al Ruba.

M&A WATCH-

Shariah-compliant services provider Al Marjea acquired ShariyahReview Bureau (SRB), a shariah assurance services firm licensed by the Central Bank of Bahrain, SRB said in a statement. The acquisition will see the development of a new platform to provide shariah-compliant services for financial institutions, fintechs, asset managers, banks, and ins. companies via SRB’s shariah advisory and shariah assurance services. The value of the transaction was not disclosed.

What’s next? Al Marjea and SRB will operate independently but as “synergistic entities,” maintaining their regulatory identities. Al Marjea’s Riyadh headquarters will serve as the group’s central hub, while SRB will provide services from its Bahrain-based office.

DISPUTE WATCH-

Tihama Advertising and Public Relations received a preliminary ruling from the Labor Court in Riyadh ordering it to pay SAR 12.2 mn to its former CEO Abdulaziz Alsuwailem, it said in a disclosure to Tadawul on Sunday. The judgment is not final, and Tihama will appeal the decision.

BACKGROUND- The ruling follows a labor lawsuit filed by Al Suwailem in December 2024, after his November dismissal, claiming unjust termination and seeking SAR 12.4 mn. The dispute is mutual, as Tihama’s shareholders approved a liability suit against him in March 2025, followed by a September filing with the Committee for Resolution of Securities Disputes seeking compensation for alleged “transgressions.”

FINANCIAL SERVICES-

The Saudi Exchange approved Morgan Stanley Saudi Arabia to act as a market maker for Saudi Industrial Export Co. and Al Kathiri Holding Co. starting today, according to a Tadawul statement. Under the agreement, Morgan Stanley must maintain orders at least 50% of the time, with a minimum order size of 75k shares and a maximum bid-ask spread of 2% for both stocks.

MEANWHILE- The Saudi Exchange approved Morgan Stanley Saudi Arabia’s request to end its market-making agreements for Saudi AZM for Communication and Information Technology Company and Obeikan Glass Company, effective 14 October, according to a separate disclosure.

New Chinese curbs on rare-earths reignite trade war

China targets rare earths: Rare-earth metals are at the core of the latest round in the US-China trade war, with the Chinese Commerce Ministry introducing new restrictions this month over national security concerns, Bloomberg reported last week. International companies will need Beijing’s approval to export goods if as little as 0.1% of their value comes from certain rare earths sourced from China, and an export license is required for products made using Chinese rare-earth processing technology.

By the numbers: China holds the world’s largest reserves — about 44 mn tons of 17 metallic elements crucial to electronics, defense, and green tech industries. It also dominates mining with 270k tons last year — 70% of the world’s output. Meanwhile, the US has just 1.9 mn tons in reserves and produced some 45k tons in 2024. China also it controls the world’s largest processing capacity, making the rest of the world heavily dependent on its supply chain.

Not the first round: Beijing imposed new export controls in April on seven heavy and medium rare earth elements necessary for EVs and wind turbines manufacturing. These controls expand on measures that have been implemented by China since 2023 in response to US restrictions on chip technology, requiring exporters to obtain licenses for each overseas shipment and banning re-exports to the US.

Feeling the impact: US companies, along with some EU firms, were affected by the pre-existing China’s rare-earth restrictions, including car manufacturer Ford Motor, which had to temporarily shut down a Chicago-based factory in May due to the lack of rare-earth magnets. The US aims to reduce the reliance on China through measures including the Department of War’s USD 400 mn investment in MP Materials — the operator of the only US rare-earth mine in California, as well as exploring sources in Greenland (8th-largest reserves) and Ukraine.

Following China’s move, US President Donald Trump announced the possibility of imposing an additional 100% tariff on imports from China in November, along with possible export restrictions on software, he said in a post on his platform Truth Social.

A relapse into trade wars: Washington and Beijing had reached in May a 90-day truce to their trade war after Geneva talks, with the US slashing tariffs it imposed earlier this year on Chinese goods from 145% to 30% — encompassing the 10% baseline US tariff and an additional 20% linked to fentanyl trafficking — while China lowered its tariffs on US imports from 125% to 10%.

MARKETS THIS MORNING-

Asian markets are mixed this morning, with the Shanghai Composite up 0.6%, Hong Kong’s Hang Seng up 0.3%, and Japan’s Nikkei down 0.8%. Wall Street futures are slightly inching up following big gains for the S&P 500 and other major indexes.

TASI	11,592	+0.9% (YTD: -3.7%)
MSCI Tadawul 30	1,507	+0.7% (YTD: -0.2%)
NomuC	25,803	-0.2% (YTD: -18.0%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.75% repo	4.25% reverse repo
EGX30	37,410	+0.1% (YTD: +25.8%)
ADX	10,106	-0.1% (YTD: +7.3%)
DFM	5,953	-0.5% (YTD: +15.3%)
S&P 500	6,655	+1.6% (YTD: +13.1%)
FTSE 100	9,443	+0.2% (YTD: +15.5%)
Euro Stoxx 50	5,568	+0.7% (YTD: +13.7%)
Brent crude	USD 63.57	+0.4%
Natural gas (Nymex)	USD 3.10	-0.7%
Gold	USD 4,145	+0.3%
BTC	USD 115,526	+0.5% (YTD: +23.5%)
Sukuk/bond market index	922.55	-0.1% (YTD: +2.3%)
S&P MENA Bond & Sukuk	151.00	0.0% (YTD: +7.9%)
VIX (Volatility Index)	19.03	-12.1% (YTD: +9.7%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.9% yesterday on turnover of SAR 5.6 bn. The index is down 3.7% YTD.

In the green: SHL (+10.0%), Saco (+6.8%) and Chemanol (+5.7%).

In the red: Naseej (-3.5%), Saudi Re (-2.7%) and Taprco (-2.2%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.2% yesterday on turnover of SAR 64.8 mn. The index is down 18.0% YTD.

In the green: NGDC (+9.9%), DRC (+7.7%) and Neft Alsharq (+7.6%).

In the red: TMC (-6.7%), Alqemem (-5.3%) and Yaqeen (-5.2%).

CALENDAR

25 September-19 December (Thursday – Friday) 2025 Saudi Toyota Championship.

28 September-1 January: Title deed registration for 54k properties in 77 neighborhoods across Riyadh, Makkah, and the Eastern Province.

OCTOBER

12 October-15 January 2026: Title deed registration for 31.7k properties in 14 neighborhoods in the Eastern Province.

12 October-15 January 2026: Title deed registration for about 157.3k properties in 78 neighborhoods across the Eastern Province.

12 October-15 January 2026: Title deed registration for about 41.7k properties across 115 neighborhoods in Riyadh, Qassim, and the Eastern Province.

15 October (Wednesday): Russian-Arab Summit.

16 October (Thursday): Aviation Impact Middle East, Hyatt Regency Riyadh Olaya .

16-17 October (Thursday-Friday): Joy Forum 2025, SEF Arena, Blvd City, Riyadh.

17 October (Friday): Saudization for private healthcare roles enters its second phase.

19 October (Sunday): Canadian Medical Center Company’s (CMCER) shares will halt for the transfer.

19-20 October (Sunday-Monday): Saudi Rail International, Riyadh Front Exhibition and Conference Center.

21 October (Tuesday): The Visual Arts Commission will hold a public talk and a live performance in Paris through Asia NOW under its Art & Ideas program.

21-22 October (Tuesday-Wednesday): Saudi Festival of Creativity (Athar), JAX District, Riyadh.

21-23 October (Tuesday-Thursday): Global Internet of Things Congress 2025 (GIoTC 2025), the Arena Venue, Riyadh.

22-23 October (Wednesday-Thursday): Private Capital Forum, Riyadh.

23-25 October (Thursday-Saturday): Zenos Wellness Summit, Bab Samhan Hotel, Riyadh.

24 October-1 November (Friday-Saturday): AlUla Wellness Festival.

26-27 October (Sunday-Monday): The Global Proptech Summit 2025, Mandarin Oriental Al Faisaliah, Riyadh.

27-30 October (Monday-Thursday): Global Health Exhibition, Riyadh Exhibition and Convention Center, Riyadh.

27-30 October (Monday-Thursday): Future Investment Initiative (FII9), King Abdulaziz International Conference Center (KAICC) and the Ritz-Carlton, Riyadh.

28-29 October (Tuesday-Wednesday): US Federal Reserve Open Market Committee meeting.

28 October (Tuesday): The Middle East Industry Congress – HVACR Next Generation, InterContinental Durrat Al Riyadh Resort & Spa in Riyadh.

NOVEMBER

2 November (Sunday): Naming ASICS Innovation Pitch competition’s six finalists.

2-3 November (Sunday-Monday): The Forbes Middle East Women’s Summit, Fairmont Riyadh Hotel.

3-9 November (Monday- Sunday): WTA Tour Finals, Riyadh.

5-8 November (Wednesday-Saturday): Binam Forum 2025, Riyadh Front Exhibition and Conference Center.

5-9 November (Wednesday-Sunday): Jewellery Salon Expo, Riyadh.

7-8 November (Sunday-Monday): The Visual Arts Commission will conclude its Art & Ideas program with a two-day symposium in Riyadh.

8-9 November (Saturday-Sunday): Del Monte Superleague Supercup, Jeddah.

9 November (Sunday): The deadline for applications for the second batch of the Standard Incentives for the Industrial sector deadline.

10-12 November (Monday-Wednesday): BioFach Saudi Arabia, Riyadh International Convention & Exhibition Center.

11-13 November (Tuesday-Thursday): TouriseSummit, Riyadh.

16-17 November (Sunday-Monday): Jeddah Fintech Week 2025, Jeddah Hilton, Jeddah.

17-20 November (Monday-Thursday): Cityscape Global, Riyadh Exhibition and Convention Centre, Riyadh.

19-22 November (Wednesday-Saturday): PIF Saudi International Golf Championship, Riyadh Gold Club.

20 November (Thursday): Deadline for title deed registration for 14.6k properties across 21 neighborhoods in Qassim.

22 November (Saturday): The Ring IV, ANB arena, Riyadh.

23-26 November (Sunday-Wednesday): Saudi Food Exhibition and Conference, Riyadh.

23-27 November (Sunday-Thursday): Global Industry Summit by United Nations Industrial Development Organization, Riyadh.

24-26 November (Monday-Wednesday): The World Advanced Manufacturing & Logistics Saudi Expo, Riyadh.

24-26 November (Monday-Wednesday): Metropolis Madinah Conference for civilizational capitals, King Salman International Convention Centre (KSICC), Al Madinah.

25-26 November (Thursday-Saturday): The Global Sustainability Expo, The Arena Riyadh Venue, Ghirnatah.

25-29 November (Thursday-Monday): General Aviation Airshow 2025 – Sand & Fun, Riyadh.

27 November (Saturday): Deadline for title deed registration for 8.7k properties in Jeddah’s Al Sheraa and Al Amwaj neighborhoods.

27-30 November (Thursday-Sunday): World Rally Championship Saudi Arabia 2025, Jeddah.

28-30 November (Friday-Sunday): UIM F1H2O World Championship, Jeddah.

30 November (Sunday): Zatca 21st E-invoicing integration wave deadline.

30 November-1 December (Sunday-Monday): FII Priority Asia Summit, Tokyo.

DECEMBER

1-3 December (Monday-Wednesday): Industrial Transformation Saudi Arabia, Riyadh International Convention & Exhibition Center.

1-4 December (Monday-Thursday): International Conference on Nuclear and Radiological Emergencies, Riyadh.

1-4 December (Monday-Thursday): 61st ISOCARP World Planning Congress, Riyadh.

7-9 December (Sunday-Tuesday): CoMotion Global 2025, Riyadh.

8-9 December (Monday-Tuesday): Digital Acceleration and Transformation Expo (DATE), JW Marriott hotel, Riyadh.

8-9 December (Monday-Tuesday): Climate Action and Renewable Energy (CARE), JW Marriott hotel, Riyadh.

9-10 December (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.

11 December (Thursday): Deadline for title deed registration for 214.2k properties across Riyadh and the Eastern Province.

16-17 December (Tuesday-Wednesday): Global Airports Forum (GAF) 2025, Riyadh International Convention and Exhibition Center, Riyadh.

25 December (Thursday): Deadline for title deed registration for 64.4k properties across neighborhoods in Madinah, Makkah, Riyadh, and the Eastern Province.

25-27 December (Saturday-Monday): The Fortune Global Forum 2025, Riyadh.

31 December (Wednesday): Zatca 22nd E-invoicing integration wave deadline.

31 December (Wednesday): Cancellation of Fines and Exemption of Financial Penalties Initiative by the Zakat, Tax and Customs Authority (Zatca) deadline.

December: Made in Saudi exhibition, Riyadh International Convention and Exhibition Center, Riyadh

2026

JANUARY

1 January (Thursday): Electronic salary transfer via the Musaned platform becomes mandatory for all domestic workers in the Kingdom.

13-15 January (Tuesday-Thursday): Future Minerals Forum, King Abdul Aziz International Conference Center, Riyadh.

20 January (Tuesday): SuperReturn Saudi Arabia, Hotel Fairmont, Riyadh.

18-21 January (Sunday-Wednesday): Saudi Hospital Design and Build Expo, Riyadh.

26-27 (Monday-Tuesday): GPRC Summit, Riyadh.

26-28 (Monday-Wednesday): Saudi Franchise Expo (SFE), Riyadh Exhibition and Convention Centre, Riyadh.

26-28 (Monday-Wednesday): Real Estate Future Forum, Four Seasons Hotel, Riyadh.

26-28 (Monday-Wednesday): IFAT Saudi Arabia, Riyadh Front Exhibition & Conference Center, Riyadh,

27-28 (Tuesday-Wednesday): SkyMove Air Cargo MENA, Riyadh.

28 (Wednesday): Data Center Nation Riyadh, Riyadh.

28-30 (Wednesday-Friday): Jeddah International Travel and Tourism Exhibition (JTTX), Jeddah.

FEBRUARY

2-4 (Monday-Wednesday): Saudi Media Forum, Riyadh.

2-4 (Monday-Wednesday): Women Leaders Summit and Awards KSA, Riyadh.

2-13 (Monday-Friday): 2026 Asian Road Cycling Championship and Paralympic Cycling, Qassim.

3-4 (Tuesday-Wednesday): RLC Global Forum Annual Meeting, Riyadh.

5-7 February (Thursday-Saturday): LIV Golf 2026 season opener, Riyadh Golf Club, Riyadh.

8-12 February (Sunday-Thursday): World Defense Show, Riyadh International Convention and Exhibition Center, Riyadh.

9-14 February (Monday-Saturday): Asian Racing Conference, Crowne Plaza Riyadh RDC Hotel & Convention Centre, Riyadh.

11 (Wednesday) Digital Transformation Summit Saudi Arabia (DTS), Riyadh.

11-14 (Wednesday-Saturday): JeddaDerm, Jeddah.

13-14 February (Friday-Saturday): Jeddah E-Prix 2026, Jeddah.

MARCH

21 March (Saturday): Fanatics Flag Football Classic, Kingdom Arena, Riyadh.

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, 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 Al Faisaliah Hotel, Riyadh.

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

21 April (Tuesday): GC Summit Saudi Arabia 2026, Saudi Arabia.

27-29 April (Monday-Wednesday): Aluminum Arabia, The Arena, Riyadh.

MAY

3-5 May (Sunday-Tuesday): Sports Investment Forum (SIF), Riyadh.

OCTOBER

26-29 October (Monday-Thursday): World Energy Congress, Riyadh.

Signposted to happen sometime in 2026:

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.

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