Farabi inaugurates USD 950 mn petrochem plant in Yanbu

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Tencent to launch first Middle East cloud region in Riyadh this year

Good morning, everyone, and happy National Day. Tomorrow is the 95th anniversary of the day when King Abdulaziz Al Saud unified the Kingdom, creating the Middle East’s biggest country in terms of land area.

Today’s issue is a light one, featuring a new petrochemical plant from Farabi inaugurated in Yanbu, as well as expert insights into investments of GCC sovereign wealth funds in Asia, and giant mineral producer Maaden’s “strategy refresh” featured in the international press.

BUT FIRST- Forget painting the town red: Shops are painting it green this week in celebration. Loaded up by a wave of deep discounts from retailers, shoppers are flocking to both physical and online stores for the official sales season, which kicked off on 16 September and will last the entire month, transforming the national holiday into a prime window for bargain hunters.

Busy days: Point-of-sale transactions usually show strong growth during the week of the National Day week, with the last week of September 2024 coming in just shy of 12% w-o-w. Data from BNPL firm Tamara also showed the number of retail orders increased 130% during the 2023 National Day season compared to regular days, with online sales outpacing in-store purchases by a whopping eight-to-one margin.

The driver? Marketing tactics centered on urgency and emotion. Fear of missing out drives consumers who perceive offers as a limited-time window they must grab before it’s gone, expense management startup Nqoodlet argues in a blog post, noting that the satisfaction of securing a bargain provides a form of "retail therapy."

** PROGRAMMING NOTE- EnterpriseAM Saudi will be off tomorrow. We will be back in your inboxes first thing Wednesday morning.

WEATHER- Looks like rain: Thunderstorms, downpours, and fog are expected to sweep across most of the Kingdom today, leading to potential flash floods in Jazan, Asir, Al-Baha, Makkah, and Madinah. Lighter thunderstorms are forecast in Najran, Riyadh, Qassim, Hail, and the Eastern Region.

Riyadh: 41°C high / 30°C low,
Jeddah: 36°C high / 30°C low
Makkah: 40°C high / 32°C low.

PSAs-

#1- Umm Al Qura published the new law for real estate expropriation for public interest and temporary seizure. The law, which was approved by the Cabinet last month and takes effect 120 days after appearing in the official gazette, targets ramping up urban development, expanding infrastructure, and stimulating economic growth while ensuring fair compensation for affected property owners.

The details: Compensation will be based on the property’s market value plus an additional 20% premium to offset losses. The law also permits in-kind compensation, such as granting alternative land or property with a market value 20-40% higher than the original property, and grants tax exemptions on replaced properties for up to five years.

** Want more details? Check our coverage where we dive deep into the new regulations.

#2- Businesses subject to VAT with more than SAR 40 mn in annual revenues have until Tuesday, 30 September 2025 to file their August tax returns, the Zakat, Tax, and Customs Authority (Zatca) said in a statement yesterday. Late submissions may incur fines ranging from 5% to 25% of the declared taxes.

WATCH THIS SPACE-

#1- Chinese tech company Tencent is gearing up to launch its first Middle East cloud region in Riyadh by the end of the year, as part of the USD 150 mn investment announced during Leap 2025, senior executives told Arab News on the sidelines of the Tencent Global Digital Ecosystem Summit 2025 in Shenzhen. The company is working to secure approvals to serve both government and private clients.

Tencent is currently building server rooms in the Kingdom, tailored to “serve local industries in Saudi Arabia, the wider Middle East, and beyond,” director of AI Global Commercialization Eric Li told Arab New. Products like electronic identity checks and tourism-oriented Palm AI could be adopted in various sectors, including finance, telecom and tourism, Li added.

Localization is key: "We are building local teams and working with system integrators to ensure our solutions are fully aligned with Saudi business and regulatory environments,” senior executive vice president Dowson Tong said.

#2- Dar Al Arkan slips on white land tax disclosure: Shares of real estate developer Dar Al Arkan fell 5.8% yesterday to close at SAR 15.8 a piece after the company said that 2.8 mn sqm of its North Riyadh land bank will be subject to updated White Land Tax regulations. Around 181k sqm will be taxed at the highest 10% rate, while some 2.65 mn sqm fall under the 5% bracket. The stock underperformed the real estate sector index, which in turn eased 0.23% to close at 3.3k points yesterday.

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THE BIG STORY ABROAD-

It’s relatively calm in the foreign press this morning, with one story dominating headlines. Canada, the UK, Australia, and Portugal announced their formal recognition of a Palestinian state yesterday, signalling a break with Washington and deepening Israel’s diplomatic isolation. UK Prime Minister Keir Starmer said the decision is meant “to revive the hope of peace and a two-state solution,” while Canadian Premier Mark Carney stressed it aligned with “principles of self-determination and fundamental human rights.” France, Belgium, Malta and other European states are expected to follow suit this week during the UN General Assembly.

What’s next? President Donald Trump — who had threatened Canada with trade consequences over its position and publicly clashed with Starmer over the matter — is set to meet Arab and Muslim leaders on the sidelines of the general assembly to discuss Gaza. Diplomats from the recognizing countries have been working to limit fallout with Washington. (Reuters | Bloomberg | New York Times | The Guardian | BBC | Associated Press | Politico)

ALSO MAKING HEADLINES- Syria will hold its first parliamentary elections since the fall of Bashar Al Assad on 5 October, as President Ahmed Al Sharaa moves to rebuild state institutions and consolidate power after years of conflict. (Reuters | Bloomberg)

Farabi inaugurates USD 950 mn petrochem plant in Yanbu

Farabi Petrochemicals’ fourth Linear Alkyl Benzene (LAB) in Yanbu is now up and running, the company said in a statement. The USD 950 mn facility adds 120k tons to LAB’s annual capacity, making it the largest LAB producer in the world, the statement said.

More details: The plant uses kerosene and benzene feedstock supplied by nearby Saudi Aramco refineries. Banque Saudi Fransi helped finance the project.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

ALSO- Farabi signed an MoU with Unilever to expand their two-decade supply partnership. Unilever, the world’s largest LAB buyer, uses the compound as a key ingredient in household and industrial cleaning products, Farabi said.

About Farabi: Al Farabi Petrochemical Group operates plants in the industrial cities of Jubail and Yanbu, as well as China, with annual production exceeding 1 mn tons. Its output of petrochemical intermediates and specialty surfactants is used in sectors like consumer goods, fuel processing, mining, and oilfield services.

IN OTHER MANUFACTURING NEWS-

BPI enters Saudi market: France’s BPI will invest SAR 375 mn in its first Saudi project under a contract with the Saudi Authority for Industrial Cities and Technology Zones (Modon), state news agency SPA reported. The project will see BPI develop industrial pharma facilities on over 51k sqm of land in the Sudair Industrial and Business City. The facilities will produce human and veterinary pharma products, medicinal herbs, surgical dressings, pure chemical sugar, and blood sugar monitoring devices.

Why Asia is the next frontier for Gulf sovereign wealth funds

GCC sovereign wealth funds (SWFs) are pivoting East as Asia’s growth story outpaces mature Western markets, Sovereign Wealth Fund Leader at Deloitte Middle East Julie Kassab told EnterpriseAM. As some of the world’s biggest spenders, Gulf funds are increasingly looking at Asian economies that offer a “compelling mix of higher growth potential, younger demographics, and expanding consumer markets,” she said.

Asia still accounts for a small portion of Gulf SWFs’ portfolios, but allocations are steadily growing. Abu Dhabi Investment Authority’s (Adia) portfolio in 2024 was predominantly allocated to North America at 40-60%, while emerging markets got 10-20% and developed Asia made up 5-10%. Meanwhile, The Public Investment Fund secured an exemption from India’s foreign ownership rules.

Despite domestic investments being important for most Gulf SWFs, Asia remains a priority, Kassab said, adding that Gulf SWFs will aim to “optimize their portfolios, balancing domestic priorities with strategic international investments.” The PIF is prioritizing Saudi projects, with around 80% of capital staying at home and the rest invested abroad to complement domestic development.

Approaches differ by fund: “Abu Dhabi Investment Authority is a pure financial investor without offices overseas, so they will always try and leverage partners on the ground,” Global SWF Founder and Managing Director Diego López said. “Mubadala is different, it has significant offices in both Moscow and Beijing and it seeks economic advancement of the UAE, besides financial returns. And PIF is just getting started in Asia, after getting a qualified foreign institutional investor (QFII) license only a few years ago, and just recently opening in Hong Kong and Beijing,” he added.

Asia’s priorities align well with the Gulf’s: Gulf funds are chasing Asia’s energy transition and digital push, as they continue to prioritize diversifying their economies and portfolios away from oil. Kassab pointed to the continent’s expansion in renewables, advanced manufacturing, and tech innovation, which create both attractive investment prospects and platforms for knowledge transfer. Rapid urbanization and infrastructure growth also fit neatly with SWFs’ long-term horizons.

Western markets, meanwhile, are losing some shine. North American assets “present high volatility and uncertainty,” while European assets “lack significant growth,” López told us. Kassab added that stronger government-to-government ties are also giving Gulf funds access to previously restricted sectors such as infrastructure.

Gulf SWFs are not pouring investments into a vacuum — they’re strategic in their choices. “Sovereign funds are helping create stronger business and trade links between the Middle East and Asia,” Lopez said. “The corridor Middle East-Asia is getting busier, and SWFs are playing an important role in making it happen,” he added. Investments are taking place alongside a major diplomatic push for closer ties with the region.

Who’s in the spotlight? India and China dominate the agenda. “Major Asian economies such as India and China remain central to Gulf SWF strategies due to their scale, innovation ecosystems, and robust consumer markets,” Kassab said. The top focus areas include renewables, technology, infrastructure, healthcare, and consumer goods, Kassab said. Advanced manufacturing and real estate are also gaining momentum, she added.

Each country offers prospects in key strategic sectors: Saudi funds are focusing on “strategic partnerships and co-investments, particularly in transformative sectors like renewables and technology”, Kassab told us. “In China, it may be more technology and innovation; in India it may be more renewables and toll roads; and in Indonesia it may be more healthcare and consumer,” López said.

The next frontier: Southeast Asia is becoming a bigger part of the mix. López noted that while China, India, and Indonesia have traditionally been the big three, “other smaller economies such as Vietnam or Malaysia present great [potential] too.”

Kassab also name-checked Vietnam, Malaysia, and Bangladesh as among the smaller nations in Asia that are gaining traction due to their resource strengths and growing middle-class populations, Kassab said. Vietnam and Bangladesh in particular show promise in renewables, logistics, and consumer technology, she added.

What’s still missing? Success requires “calibrated entry strategies,” Kassab said, suggesting that SWFs could strengthen their approach by “expanding regional partnerships, establishing local offices, and collaborating with development finance institutions.” She also flagged underexplored areas like healthcare infrastructure, agri-tech, edtech, and climate adaptation as promising frontiers for Gulf capital.

Saudi Arabia allocated USD 25.1 bn to green FDI between 2020-2024 -strategy&

Saudi Arabia’s green FDI outflows reached USD 25.1 bn between 2020 and 2024, according to a strategy& report (pdf). Saudi Arabia, the UAE, and Oman accounted for the bulk of large-scale green FDI in the GCC during 2020-2024, together logging 29 outbound and 10 inbound investments.

The breakdown: Some USD 19 bn of Saudi’s capital went to hydrogen and ammonia, while USD 2 bn went to renewable power, USD 2 bn to batteries, USD 1 bn to sustainable construction, and USD 1 bn to green industrials and chemicals. The country invested USD 10 bn in Egypt, USD 7 bn in Thailand, USD 5 bn in Brazil, USD 2 bn in Australia, and USD 1 bn in the UK.

The Kingdom received the largest amount of green investment inflows across the region at USD 12.6 bn, followed by Oman at USD 8.9 bn, with the bulk of inflows focusing on hydrogen and the EV sector. The UAE was the recipient of just USD 2.5 bn in green FDI inflows during the same period. Weak investment support, policy gaps, and regulatory uncertainty weighed on inbound FDI flows.

The GCC can step up its green FDI game by opening up sustainable finance, securing long-term buyers for green products, and deepening local markets, strategy& said. A few policy tweaks would help too, including clearer carbon pricing and green taxes, more flexible ownership rules, and stronger investor protections. A dedicated green manufacturing law and industry fund could help incentivize eco-friendly production by reducing risk and fueling demand.

The outlook: Despite trade frictions, geopolitical uncertainty, and shifting capital flows from climate tech to data centers, corporate sustainability targets and technology advances will keep green FDI on a growth path in the long term, strategy& said. At a time when tariffs are recalibrating trade and manufacturing flows, countries can also benefit from fresh avenues for green FDI flows, and the GCC is well positioned to emerge not just as an investor but also as a leading destination for sustainable investment, the report noted.

Maaden’s “strategy refresh” in the spotlight

The international press is spotlighting the Saudi Arabian mining company Maaden as it rolls out a “strategy refresh” to unlock the Kingdom’s untapped resources. CEO Bob Wilt told the Financial Times that the PIF-backed company plans to double its gold output by 2030 and build a rare earths supply chain, with promising a program that will “blow people’s hair back”.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

Maaden will spend around USD 2.5 bn a year over the next five years on copper, gold, and rare earth projects, while using Saudi Aramco’s geological data to pinpoint new exploration sites. Partnerships with global players such as Canada-based Barrick Mining and US-based Ivanhoe Electric are also being pursued, alongside overseas investments through its international arm Manara.

Progress has been uneven. Manara has struck just one investment since its launch in 2023 — a 10% stake in Canada-based Vale Base Meta — while passing on stakes in Canada-based mining company Ivanhoe Mines and Pakistan’s Reko Diq project, the salmon-colored paper said. Meanwhile, industry executives say Maaden hasn’t been able to move as quickly as hoped, with setbacks including scrapping of a planned merger with Aluminum Bahrain (Alba) earlier this year.

Solutions secures SAR 500 mn facility from SAB

DEBT WATCH-

Arabian Internet and Communications Services Company (solutions) lined up a SAR 500 mn shariah-compliant loan with Saudi Awwal Bank, it said in a disclosure to Tadawul yesterday. The one-year financing — backed by a promissory note — will be used to support working capital and issue letters of credit and letters of guarantee.

GIGAPROJECTS-

Companies can now submit applications to provide water and sanitation for gigaprojects, via the Saudi Water Authority's newly launched e-service on its digital platform, according to a post on X.

TECH-

Modon to establish an AI hub in industrial cities: The Saudi Authority for Industrial Cities and Technology Zones (Modon) signed an agreement with Asas for Developing and Operating Industrial Cities and Takween IT to set up an Artificial Intelligence Center of Excellence in the Kingdom’s industrial cities, state new agency SPA reported yesterday. The center will focus on using AI to improve efficiency, modernize business operations, and support investors working on industrial zones.

BlackRock stays pro-risk as AI, infrastructure power equity rebound despite sticky inflation

BlackRock sticks to pro-risk stance: BlackRock is remaining risk-on as it looks ahead towards the resumption of Fed’s easing cycle after last week’s rate cut, which is expected to support US stocks and spur ongoing gains across the AI sector, according to its latest investment note.

Investors who stayed the course through April’s tariff-driven sell-off have been rewarded, with global equities staging a sharp rebound, BlackRock says. The firm argues that “immutable economic laws” — as supply chains remain to an extent intact — curbed the fallout from trade tensions, paving the way for risk assets to rally.

US stocks have led the charge, recovering from the tariff-induced sell-off at the start of the year. The S&P 500 is up 14% y-t-d, the Nasdaq 17%, and the Russell 2000 has broken past its 2024 peak after the Fed’s rate cut last week, the Financial Times reports. The MSCI All Country World index has hit a record, while emerging markets have outperformed developed peers.

Credit has joined the party, with spreads on high-grade US corporates now at their tightest since 1998. In Europe, some French companies are borrowing more cheaply than their government, underscoring just how far investors have chased yield. “It’s fair to say you’ve never been paid less to take risk,” one asset manager told the FT.

AI boom offsetting spending slowdown: BlackRock points to AI buildout and infrastructure as “mega forces” offsetting a slowdown in consumption and anchoring returns, with the tech sector accounting for over 40% of total return and a similar share of earnings growth, according to LSEG data. Corporate investment in data centers and chip plants is supporting US GDP growth, even as household spending cools. These durable shifts, the firm says, are replacing traditional macro anchors.

But valuations are stretched: Nvidia, Alphabet, and other AI giants have powered the gains, raising concerns over concentration risk. BlackRock cautions that further upside will hinge on productivity-driven earnings growth, not multiple expansion. “Earnings, not valuations, will drive equities higher,” the report (pdf) says.

Bond markets are flashing warning signs: Long-term yields have jumped to multi-decade highs in Japan, France, and the UK as fiscal concerns dominate. In the US, the yield curve has steepened despite Fed cuts, with investors focused on the tension between taming inflation and containing ballooning debt.

The inflation picture is equally complicated: Goods prices are rising again as tariffs feed through. BlackRock sees a “lucky alignment” — where — equities broaden beyond AI while yields ease on a softer labor market — as its baseline scenario, but warns the Fed faces tough trade-offs if inflation stays high.

Private markets are playing a bigger role in this landscape, with companies looking to them for funding as IPOs are pushed back. BlackRock highlights infrastructure equity and private credit as areas where investors can still capture attractive returns relative to public markets.

Tactically, the firm is overweight on US and Japan equities, and favors emerging markets over developed peers on select exposures. It remains underweight on global investment-grade credit, given wafer-thin spreads, but likes infrastructure credit and short-term, inflation-linked bonds as hedges against tariff-fueled price pressures.

MARKETS THIS MORNING-

Asian markets are mixed this morning, with Japan’s Nikkei leading gains as it extends a rally, and Chinese shares flat after its central bank kept loan prime rates unchanged. Over on Wall Street, futures point to another strong open after a rally across all three indices last week.

TASI	10,809	+0.3% (YTD: -10.2%)
MSCI Tadawul 30	1,401	+0.2% (YTD: -7.2%)
NomuC	25,349	+0.2% (YTD: -19.5%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.75% repo	4.25% reverse repo
EGX30	3,492	+0.3% (YTD: +13.2%)
ADX	10,128	+0.3% (YTD: +9.9%)
DFM	6,023	+0.7% (YTD: +43.2%)
S&P 500	6,664	+0.5% (YTD: 13.3%)
FTSE 100	9,217	-0.1% (YTD: 12.8%)
Euro Stoxx 50	5,458	0.0% (YTD: +11.5%)
Brent crude	USD 66.85	+0.3%
Natural gas (Nymex)	USD 2.93	+1.3%
Gold	USD 3,724	+0.5%
BTC	USD 115,289	-0.4% (YTD: +23.3%)
Sukuk/bond market index	916.16	-0.1% (YTD: +1.6%)
S&P MENA Bond & Sukuk	150.45	-0.1% (YTD: +7.5%)
VIX (Volatility Index)	15.45	-1.6% (YTD: -11.0%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.3% yesterday on turnover of SAR 4.7 bn. The index is down 10.2% YTD.

In the green: MBC Group (+10.0%), Abo Moati (+8.7%) and Medgulf (+7.1%).

In the red: Dar Alarkan (-5.8%), Alakaria (-5.0%) and Thimar (-3.5%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.2% yesterday on turnover of SAR 38.9 mn. The index is down 19.5% YTD.

In the green: Tibbiyah (+7.3%), Ladun (+5.5%) and Neft Alsharq (+4.4%).

In the red: Almohafaza For Education (-10.7%), Anmat (-6.4%) and Inmar (-6.3%).

CORPORATE ACTIONS-

Academy of Learning’s board recommended raising the firm’s capital by 50% capital to SAR 90 mn to support its expansion plans, it said in a Tadawul disclosure. The increase — pending regulatory approvals — will be executed by granting one bonus share for each two existing ones, with the company tapping SAR 30 mn of retained earnings.

ALSO- The board pushed for the distribution of SAR 9 mn in dividends for the FY ending on 30 June 2025 at SAR 0.1 apiece, according to a separate disclosure to Tadawul. The distribution date has yet to be determined.

Alujain Corporation’s board greenlit a SAR 51.9 mn dividend payout for 3Q 2025 at SAR 0.75 per share, it said in a disclosure to Tadawul. The distribution date is set for Sunday, 12 October.

CALENDAR

23 September (Tuesday): Saudi National Day.

24-25 September (Wednesday-Thursday): Schneider Electric’s Innovation Summit, Hilton Residences Riyadh.

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

28 September (Sunday): A multi-round auction for the exploration rights of 162 new mining sites in the Al-Naqrah and Al-Sukhaybirah Safra belts in Madinah by the Industry and Mineral Resources Ministry.

28-30 September (Sunday-Tuesday): Jeddah Construct, Jeddah Superdome.

29 September-1 October (Monday-Wednesday): Intersec Saudi Arabia, Riyadh International Convention and Exhibition Centre, Riyadh.

29-30 September (Monday-Tuesday): Cultural Investment Conference, King Fahd Cultural Center, Riyadh.

30 September (Tuesday): Deadline for businesses subject to VAT to file their August tax returns.

3Q 2025

The National Water Company is expected to award a construction contract for the Hail Region Water Networks project.

OCTOBER

1 October (Wednesday): Electronic salary transfer via the Musaned platform to include employers with two or more domestic workers.

1-3 October (Wednesday-Friday): Saudi Green Building Forum, Riyadh.

1-3 October (Wednesday-Friday): FIBO Arabia 2025, Riyadh Front Exhibition & Conference Center.

5 October-8 January 2026: Title deed registration for 3.2k properties in Al Yasmin district, Hail.

6-8 October (Monday-Wednesday): Saudi Lifestyle Week, Riyadh International Convention & Exhibition Center.

7-8 October (Tuesday-Wednesday): Global EV & Mobility Technology (GEMTECH) Forum, Riyadh.

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 regiswatch tration for about 157.3k properties in 78 neighborhoods across the Eastern Province.

15 October (Wednesday): Russian-Arab Summit.

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

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

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.

NOVEMBER

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

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

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.

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.

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.

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.

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.

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.

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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Farabi inaugurates USD 950 mn petrochem plant in Yanbu

An independent publication supported by

Today at a glance

THIS MORNING: Tencent to launch first Middle East cloud region in Riyadh this year

Get Enterprise daily

Related

This publication is proudly sponsored by

Farabi inaugurates USD 950 mn petrochem plant in Yanbu

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Why Asia is the next frontier for Gulf sovereign wealth funds

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Saudi Arabia allocated USD 25.1 bn to green FDI between 2020-2024 -strategy&

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Maaden’s “strategy refresh” in the spotlight

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An independent publication supported by

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