Houthis attack Abha airport after Sanaa runway strike

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WHAT WE’RE TRACKING TODAY

More affordable mortgages for Saudi homebuyers

Good morning, friends. Our big story today is all about the latest Houthi attack on Saudi territory — missiles and drones targeted Abha International Airport yesterday. We also look at Neom’s new pitch, which ditches the ambitious promises for more realistic delivery and commercial viability timelines.

PLUS- Fitch’s Head of Middle East Bank Ratings Redmond Ramsdale speaks on what lies ahead for GCC banks; Riyad Bank rolls out AT1 sukuk program; and the REDF announces more affordable mortgages for Saudi homebuyers.

The EnterpriseAM Egypt Forum is back — and this year, we're giving the full day to the one question on every business leader's mind: What does AI actually mean for your company, your people, and your own job?

Leaders in New York, London, Abu Dhabi, and Singapore are asking the same things, and nobody has built a playbook that works yet. We're all figuring it out in real time — and for Egypt, the stakes are unusually high.

Egypt could leapfrog a generation on the back of this technology — or watch AI hollow out the industries and jobs we can't afford to lose. The leaders who get literate early will be the ones who get to decide which road we take.

Every session on stage answers one question: "So, what do I actually do about it?"

Join us on 5 October in Cairo. Seats are limited and attendance is by invitation only.

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Mortgages from SAR 699

First-time Saudi homebuyers in Riyadh, Jeddah, and Dammam can now access mortgages starting from SAR 699 a month. The Real Estate Development Fund (REDF) has launched an Alternative Financing Program that channels capital directly to banks to support mortgage issuance, with instant financing approval, according to state news agency SPA. Saudi National Bank is the first banking partner, with the National Housing Company making selected units available. The REDF said additional banks will follow.

Why it matters: Saudi Arabia’s homeownership rate still falls short of the government’s 70% target, and affordability remains a main barrier. Knight Frank puts the ceiling Saudi nationals are willing to pay at SAR 1.5 mn per home. The move marks the REDF’s attempt to bring financing within reach for buyers priced out of conventional lending.

SPL’s budget reality check

PIF’s football budget cuts could be heading to the courts. Boards across PIF-owned Saudi Pro League clubs are assembling legal teams ahead of the 2026/27 season, expecting contract disputes from players whose salaries can no longer be met in full after PIF-mandated budget cuts, Intelligence Online reports, citing unnamed sources. London and New York law firms are already preparing for what comes next.

By the numbers: The Big Four — Al Hilal, Al Nassr, Al Ittihad, and Al Ahli — are collectively facing cuts of USD 200-400 mn. Marquee names like Cristiano Ronaldo are being prioritized for full payment while lower-profile and injured players are more exposed. Some of these players were signed for salaries that dwarf anything in Europe.

How we got here: When PIF acquired the four clubs in 2023, budgets were generous enough to lure stars from Europe’s top leagues. That approach is now being unwound as part of a broader spending recalibration across PIF’s portfolio that has already seen it pull the plug on LIV Golf’s funding.

REMEMBER- PIF has also been looking to exit its football holdings. Lower-table privatizations have gone through, with Al Kholood passing to US private equity firm Harburg. The Big Four have proved harder to sell. Prince Alwaleed bin Talal took a 70% stake in Al Hilal through Kingdom Holding in April for USD 340 mn, but PIF retains indirect exposure through its 16.9% holding in KHC. No comparable transactions for the remaining three clubs are currently on the table, with few foreign investors willing to enter Saudi football at this stage, Intelligence Online reports.

Al Sharif eyes USD 100 mn Cairo hotel conversion

Al Sharif Group is reportedly in discussions with the Egyptian government to redevelop three government-owned buildings in Downtown Cairo into hotels. The project is valued at USD 100 mn and would deliver 750 rooms across three hotels, averaging 250 rooms each.

The counterparties: Two of the buildings are being negotiated with Egypt’s sovereign wealth fund; the third with Cairo Governorate.

Why it matters: Al Sharif is building a Cairo hospitality portfolio from government-owned real estate. The Shepherd Hotel, already under development on the Nile Corniche, was the first move. Three more buildings across two government counterparties would give the group a sizable downtown footprint at a time when Egypt’s hotel pipeline is at record levels — Cairo alone has 53 projects in the construction pipeline.

Destination Sahel is back for a second edition — and this year, it's not just about the beach.

Gulf sovereign wealth funds are pouring billions into the North Coast, Gulf buyers keep showing up despite regional headwinds, and a new 400km master plan could reshape the whole coastline before summer’s out.

Over this season’s series, stay tuned to see who's really buying Sahel, where the money's coming from, and what could still go wrong.

Plus, the hotels, restaurants, and openings worth checking out this summer.

Tap or click here to subscribe to the Egypt edition, delivered to your inbox tomorrow, Wednesday, July 15.

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The big story abroad

The US-Iran war continues to escalate: The US is reinstating a naval blockade on Iranian shipping through the Strait of Hormuz, US President Donald Trump said, adding that the US will become the waterway’s guardian in exchange for a 20% cargo fee. Full supertankers carrying oil would pay around USD 30 mn by that math.

Strikes are not stopping, either: As the US military carried out its third consecutive night of strikes on Iran yesterday, Trump also threatened to target Pickaxe Mountain — a heavily fortified site near a damaged uranium enrichment facility. Iranian media reported explosions in Bandar Abbas and Kish Island.

ALSO- The UK is set to designate Iran’s Islamic Revolutionary Guard Corps a terrorist group, placing sanctions on the organization. Washington did the same seven years ago.

Meanwhile, on Wall Street: Five of the US’ largest banks are set to earn the highest investment banking fees — USD 11.1 bn — in four-and-a-half years, fueled by massive mergers and SpaceX’s blockbuster listing this year. Thanks to SpaceX’s listing alone, 23 investment banks saw USD 500 mn in fees — the highest ever paid by an IPO. The five banks’ M&A fees are forecast to jump 30% y-o-y to over USD 4 bn in 2Q.

And in the AI world: DoorDash, Siemens, and Airbnb are among a slew of companies resorting to China-made AI models, which are cheaper, increasingly capable, and sometimes easier to run. Models like DeepSeek and Z.ai are leapfrogging US rivals in token consumption in 2026, according to data from LLM tracker OpenRouter.

Paramount’s Gulf-backed USD 110 bn acquisition of Warner Bros has hit another roadblock, after 12 US states filed an antitrust lawsuit claiming that the proposed merger will hamper competition and harm cinemas and television distributors. Paramount responded by saying the tie-up will help it compete with companies like Netflix.

Yemen’s Houthis fire on Abha after Sanaa airport runway attack

Houthi ballistic missiles and drones targeted Abha International Airport yesterday, the first direct attack on Saudi territory since the truce froze the Yemen war in 2022. Coalition spokesperson Turki Al Malki said air defenses dealt with ballistic missiles launched toward the southern region, and no casualties were reported. Houthi military spokesman Yahya Saree declared the “de-escalation phase” over and warned the strikes “will not go unanswered or unpunished.”

What set this off? Yemen's internationally recognized government said it cratered the Sanaa airport runway to stop an Iranian aircraft from landing, after failing to persuade the Houthi delegation returning from Ayatollah Khamenei's funeral in Tehran to fly home on national carrier Yemenia instead, AFP reported.

Saudi silence: Riyadh has said nothing beyond the intercept statement, and Presidential Leadership Council head Rashad Al Alimi has said that he ordered that “the scope of the confrontation not be expanded,” but the Houthis are blaming Riyadh anyway.

Why it matters

Gigaproject pitches, tourism targets, and FDI conversations since 2022 have been underwritten by the assumption that missiles over Abha were a closed chapter. Yesterday, it reopened amid a US-Iran war that has already pulled Iranian fire onto US-linked sites in Bahrain, Kuwait, and Jordan.

Quiet on the southern border was never a footnote to the Saudi growth story. Riyadh has spent an estimated USD 265 bn-plus on the Yemen campaign since 2015, and its pivot away from the war was explicitly about clearing the decks for Vision 2030, as the Houthis could spoil the plan by firing missiles across the border.

BACKGROUND- The peace track the missiles just landed on: The UN-mediated roadmap agreed in principle in late 2023 envisioned Riyadh paying Yemeni public-sector salaries, sharing oil revenue, and reopening Sanaa airport and Hodeidah port in exchange for a lasting ceasefire. The airport at the center of that bargain is the one the Yemeni government just bombed. Since the formal truce lapsed, peace has rested on a de facto arrangement — one both sides now say the other has broken.

Watching the Red Sea flank: With Hormuz contested, the East-West pipeline to Yanbu is carrying the Kingdom's workaround barrels. Kpler put Yanbu loadings at some 4.66 mn bbl / d at the height of the spring rerouting. The Houthis' stated target list includes Saudi “airports and vital interests on land and sea,” and the group has been able to touch Jazan and Yanbu before.

The bright side? The Houthis have too much to lose from targeting energy assets. Eurasia Group said at the start of the war that Saudi payments would likely keep the Houthis from major attacks on the Kingdom’s oil infrastructure, but escalation against Iran would push them toward “selective action that does not fully disrupt Saudi oil flows.” Abha’s airports fit the bill, but the situation remains too volatile to call anything yet.

Neom quietly moves on from The Line’s original vision

Neom quietly rewrote its public pitch, and the edit could be a sign of where the money is going. The gigaproject overhauled its website to strip out the futuristic renders and sweeping promises that defined The Line's marketing, replacing them with more restrained language on delivery and commercial viability, AGBI first reported.

What changed? References to housing 9 mn people, operating without roads or cars, and running entirely on renewables no longer appear on The Line’s page. In Neom's new framing, The Line is now “a core component” of a “phased, demand-led approach.”

The restructure goes beyond language. Sindalah lost its standalone section on the website, while Magna’s page no longer lists the 15 boutique hotels it once showcased, including the 275-meter Epicon skyscraper.

But Neom says nothing has changed: “We routinely update our digital platforms to enhance user experience, and this should not be interpreted as signaling any change to our long-term vision or commitment to our developments,” a spokesperson tells EnterpriseAM, echoing the statement given to AGBI.

First, the background

The Line was the boldest promise in the Vision 2030 portfolio. Unveiled by Crown Prince Mohammed bin Salman in 2021 as the centerpiece of the USD 500 bn Neom development, it was pitched as two parallel mirrored skyscrapers running 170 km across the desert at a height of 500 meters, housing 9 mn people with no roads, no cars, and a fully renewable grid.

The concept made Neom the defining symbol of the Kingdom's diversification program, and its most scrutinized line item. By 2024, The Line was widely reported to have been scaled back to an initial 2.4 km phase for some 300k residents, a fraction of the original footprint. The website rewrite is the first time Neom's own marketing has caught up with that reality.

The new groove

What survives the cull is the port, the plant, and the data centers. Neom has continued advancing Oxagon, its Red Sea industrial port, whose strategic value has risen as Hormuz disruption pushes Gulf trade to look for routes that don't run through the strait. Next door sits the USD 8.4 bn green hydrogen plant, an equal JV between Neom, Acwa, and Air Products that is now in final equipment installation and pre-commissioning, with its 4 GW of dedicated solar and wind due for completion by mid-2026 and first green ammonia expected in 2027. At full tilt, it is designed to produce 600 tonnes of clean hydrogen per day, shipped as up to 1.2 mn tonnes of green ammonia a year.

The logistics case is stronger than the skyline case ever was, Abdullah Almeer, assistant professor of economics at KFUPM Business School, tells EnterpriseAM. Neom's position on the Red Sea, with routes into the Suez Canal, becomes “a huge plus if things get tense around key waterways like Hormuz,” he said, adding that Iraq, Jordan and the wider GCC would gain from better trade-route access. He points to proposed rail links through Jordan as a faster overland path to Europe, and to the hydrogen plant as fuel for cleaner shipping. Add Neom's investor-facing regime and “it's no surprise that major logistics firms are showing interest,” he says.

The AI leg of the pivot has its own institutional machinery. PIF’s AI champion Humain is building the full AI stack — including data centers, cloud infrastructure, models, and applications — and Neom’s data center ambitions slot into that national push. “We're still in the early stage of the AI revolution,” Almeer said, but the foundation “puts the Kingdom in a strong position to be a major player tomorrow.”

Why it matters

The public narrative is finally converging with the capital allocation. The Public Investment Fund has been cutting spending since 2024, with some project budgets down as much as 60%, capex is expected to fall some 15% this year. The restructuring could reportedly cost up to USD 16 bn in cancelled contracts. That includes a USD 5 bn Trojena package tied to producing artificial snow for the 2029 Asian Winter Games, an event the Kingdom has since lost the right to host.

The squeeze has three drivers. Lower oil prices, rising delivery costs and weaker-than-expected foreign investment have forced Riyadh to reprioritize and phase the project pipeline, with the fallout from the Iran war constraining crude exports and adding to the pressure. Officials have been explicit that hard-deadline commitments now come first — spending is being redirected toward Expo 2030 in Riyadh and the 2034 FIFA World Cup, both of which carry immovable delivery dates that a 50-year city does not.

Sindalah is the cautionary tale inside the portfolio. The luxury island was meant to be Neom’s first completed destination, but it never opened to the public after its troubled 2024 launch, with its marina hit by wind and wave conditions that weren't adequately accounted for in planning. Red Sea Global CEO John Pagano told Reuters last month his company will take over the island and work out how to revive it after “unrealistic timelines” contributed to its difficulties.

GCC banks can endure weaker operating environment in 2H- Fitch

GCC banks’ credit fundamentals should stay resilient through 2H 2026 even as the sector outlook deteriorates, with strong capital and liquidity buffers and healthy asset quality holding up, Fitch Ratings’ Head of Middle East Bank Ratings Redmond Ramsdale said during an episode of Fitch Ratings’ Fixed Interests podcast.

That holds on a couple of conditions… no renewed conflict that damages energy infrastructure and no prolonged closure of the Strait of Hormuz, which, given the most recent turn of events, is looking to be the optimistic view.

The pressure comes from the macroeconomy, not the banking system. Fitch forecasts non-oil GDP growth to contract in Bahrain, Qatar, and the UAE in 2026 and to weaken in Saudi Arabia and Kuwait — only Oman is forecast to grow faster than it did in 2025. For banks, that means lower loan growth than Fitch anticipated in its 2026 sector outlook, alongside moderately weaker asset quality and returns.

Why a weaker sector outlook doesn't mean downgrades: Fitch recently moved its Middle East banks sector outlook to deteriorating from neutral, reflecting macro fallout from the war. That is separate, however, from banks’ credit ratings. Government support underpins more than 85% of GCC banks’ long-term issuer default ratings, so weaker sector conditions don't feed automatically into downgrades. So far, the only conflict-related rating action by Fitch was placing Qatari banks on Rating Watch Negative, mirroring the sovereign.

How the pressure could filter through: Weaker borrower performance is likely to weigh moderately on asset quality, Ramsdale said, particularly in infrastructure, tourism, aviation, logistics, transport, and real estate. The exposure is contained: tourism accounts for less than 3% of bank books, while SME portfolios — though more vulnerable to asset-quality pressure — are also relatively small.

Funding and liquidity, meanwhile, have largely normalized. GCC capital markets have recovered from the initial conflict-driven sell-off, and major issuers have returned to public debt markets after a brief pause, including in the subordinated space, at minimal added risk premium.

What to watch: Fitch’s resilience call rests on the ceasefire holding, which, as of yesterday, isn’t. A return to conflict that hits energy infrastructure or closes Hormuz would push the pressure from the macro level down to the banks themselves.

Riyad Bank rolls out AT1 sukuk program

Riyad Bank set up a SAR 10 bn AT1 sukuk program, giving it a standing facility to issue perpetual shariah-compliant capital instruments as needed to support its capital base and liquidity management, according to Zawya.

The program comes from a position of strength: Riyad Bank’s Tier 1 capital adequacy ratio stood at 15.78% as of 30 September 2025, with total capital adequacy at 17.81%, both above the 11.079% regulatory minimum.

REMEMBER- Riyad Bank fully redeemed its SAR 3 bn Tier 2 sukuk in February, exercising the call option five years early, likely to cycle out older debt and make room for cheaper instruments like its USD 1 bn, 10-year Tier 2 sustainable note issued in January.

ADVISORS- Riyad Capital is acting as sole arranger and dealer, while A&O Shearman and Khoshaim are providing counsel.

Jazan gets a SAR 600 mn agricultural project

Jazan is getting a SAR 600 mn tropical fruits and greenhouse project, state news agency SPA reports. The 1 mn sqm project — split equally between advanced greenhouses and tropical fruit production — is being implemented through a partnership between local firm Amtar Al Khair Agricultural Crops and Dutch greenhouse specialist Kubo. It features smart climate controls, closed-loop irrigation, and water recycling systems that are expected to cut water consumption by up to 75%.

Our take: The Kingdom still imports 70-80% of its food, with disruptions in the Strait of Hormuz underscoring how quickly these critical supply chains can come under pressure. Projects like this won’t close that gap overnight, but they signal a push toward more domestic production, more foreign agricultural technology, and less dependence on import routes that run through contested waterways.

Riyadh mulls Dreamliner orders

Riyadh Air is considering buying 25-30 Boeing 787 Dreamliners and could expand its existing Airbus orderbook, Reuters reports, citing industry sources. The PIF-owned carrier could announce that it is converting most of its 33 Boeing Dreamliner options into firm orders as soon as next week. Some of its options for 25 Airbus A350-1000s long-haul jets may also be converted into firm orders in the future. Details are still being discussed, the sources said.

ICYMI: The airline received its first two commercial Boeing 787-9 Dreamliners last month, marking the delivery of the first of a planned fleet of 72 Dreamliners. Riyadh Air plans to add one Boeing 787-9 monthly and launch two new destinations every two months, aiming for 100 cities by 2030.

MENA VC survives on bigger bets

MENA venture capital holds up — for now: Startups across MENA raised USD 1.35 bn across 214 agreements in 1H 2026, down 22% y-o-y, according to a MAGNiTT report seen by EnterpriseAM. The headline steadiness masks a sharper shift underneath as the agreement volume fell 41% to 214, the lowest half-year count since 2022, even as total funding held broadly firm.

MAGNiTT reads the resilience as a lag, not a verdict. 1H capital reflects agreements signed six to nine months ago, before April’s regional conflict, and the firm frames the deal-count slide as part of a global contraction rather than a MENA-specific retreat, as global transaction volumes have now fallen for five straight quarters.

The real test is still ahead: Funding barely moved between the quarters, slipping 2% to USD 667 mn in 2Q from USD 679 mn in 1Q. Agreement activity told a different story, dropping 27% q-o-q to 90 transactions, the lowest quarterly count in at least two years. “Capital deployment in 1H reflects decisions made six to nine months ago, [agreements] already in motion before the regional conflict,” MAGNiTT founder and CEO Philip Bahoshy tells EnterpriseAM. The clearer warning sign, he argues, sits earlier in the funnel: early-stage transactions fell more than 50% y-o-y, “the truest measure of ecosystem appetite.”

Why MAGNiTT is watching 3Q: The firm sees a direct parallel to 2020, when announced agreements carried headline funding through the first half before dealmaking stalled in the third quarter as the pipeline ran dry. With the summer lull compounding the conflict’s drag on new deal formation, MAGNiTT expects 3Q to be the first clean read on whether the region is genuinely resilient or simply drawing down a pre-committed pipeline.

MEANWHILE- A handful of mega rounds held up the average. Two transactions worth a combined USD 480 mn, roughly 36% of all capital deployed in 1H, cushioned the decline, while the 10 largest agreements absorbed 58% of the total. The concentration is the story: strip out the top of the table and the picture thins considerably.

International investors retreat: Active foreign investors fell 48% y-o-y to 95 from 181, while the number of MENA-based investors held broadly steady. Capital deployed by overseas players dropped even harder, down 65% y-o-y.

ALSO- MENA-based investors supplied 81% of all venture funding in 1H, up from 58% a year earlier and their highest share in more than five years. Local capital is now carrying the ecosystem.

The UAE led the headline, but the concentration matters: The UAE attracted USD 895 mn, 66% of all MENA funding and a 53% y-o-y jump, even as its agreement count fell 37%. Some 60% of the UAE’s capital came from three agreements backed by a single investor, BlueFive Capital, among them CargoX (USD 250 mn) and Mal (USD 230 mn), the two mega rounds propping up the regional total. ”Adjusted for those, [the UAE and Saudi] are far closer than the headline figures suggest,” Bahoshy says.

The Kingdom came second at USD 219 mn, down 74% y-o-y, but “the comparison base is doing a lot of the work,” Bahoshy says, noting that 1H 2025 was an exceptional peak for the Kingdom, lifted by large rounds that don’t repeat every cycle. Saudi closed 72 agreements, nearly level with the UAE’s 79.

Elsewhere: Egypt funding fell 29% to USD 142 mn. Among smaller markets, Morocco posted the sharpest gain, up 305% to USD 32 mn, while Oman rose 82% to USD 22 mn.

Fintech stayed the biggest magnet: The sector held its lead at USD 617 mn, despite a 9% y-o-y dip. Transport and logistics was the fastest riser, up 661% to USD 273 mn, but almost entirely on one agreement: CargoX accounted for 92% of the sector’s total. Enterprise software drew USD 115 mn (+4%), food and beverage jumped 310% to USD 76 mn, and real estate startups raised USD 72 mn.

Appetite is shifting up the stages: The deal mix moved modestly beyond the earliest-stage startups, with early-growth rounds rising to 18% of all agreements from 14% in 2025. Earliest-stage agreements slipped to 82% of the count, while late-stage and venture-growth ones stayed effectively absent.

Exits keep slowing: MENA recorded just 16 M&A transactions in 1H, down 56% y-o-y, in step with softer global exit markets, where dealmaking slowed again in 2Q.

Public tech held up better than private: MAGNiTT’s newly launched tech index rebounded 20.9% in 2Q, recovering nearly all of its 1Q losses to finish the half down just 0.2%. The bounce was company-specific, led by Talabat, Space42, and Elm, rather than a ride on the global AI rally, which lifted emerging-market tech stocks 92% over the same window. Regional tech is tracking its own fundamentals.

What to watch: Bahoshy flags three signals that will define 2H: the return of international investors, a recovery in early-stage agreement flow once the summer passes, and the stabilization of exits. All three, he argues, read ecosystem health more honestly than the headline funding figure, and all three will show up first in the 3Q data.

MARKETS THIS MORNING-

Asia-Pacific markets are mixed in early trading this morning as oil jumped to a one-month high after the US announced it was reinstating its blockade of Iranian shipping and introducing a 20% fee on cargo moving through the Strait of Hormuz. Japan’s Nikkei is flat, while South Korea’s Kospi is looking at gains. Meanwhile, the Hang Seng and Shanghai Composite are both down.

TASI	10,802	-0.2% (YTD: +3.0%)
MSCI Tadawul 30	1,438	-0.3% (YTD: +3.6%)
NomuC	22,540	-0.1% (YTD: -3.3%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.25% repo	3.75% reverse repo
EGX30	52,608	+0.7% (YTD: +25.8%)
ADX	9,904	-0.3% (YTD: -0.9%)
DFM	5,967	-1.2% (YTD: -1.3%)
S&P 500	7,515	-0.8% (YTD: +9.8%)
FTSE 100	10,498	0.0% (YTD: +5.7%)
Euro Stoxx 50	6,271	0.0% (YTD: +8.2%)
Brent crude	USD 83.21	+9.5%
Natural gas (Nymex)	USD 2.90	-1.5%
Gold	USD 4,006	-2.6%
BTC	USD 62,170	-3.1% (YTD: -29.0%)
Sukuk/bond market index	910.27	0.0% (YTD: -1.0%)
S&P MENA Bond & Sukuk	151.45	-0.2% (YTD: -0.3%)
VIX (Volatility Index)	17.16	+14.2% (YTD: +14.8%)

THE CLOSING BELL: TADAWUL-

The TASI fell 0.2% yesterday on turnover of SAR 4 bn. The index is up 3.0% YTD.

In the green: Al Etihad Cooperative Ins. (+10.0%), Entaj (+9.9%), and Tanmiah Food (+8.4%).

In the red: Canadian Medical Center (-4.5%), Saudi Industrial Export (-4.5%), and Rasan Information Technology (-3.6%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.1% yesterday on turnover of SAR 12.7 mn. The index is down 3.3% YTD.

In the green: Al Ashghal Al Moysra (+12.7%), Mobi Industry (+10.8%), and Al Razi Medical (+7.8%).

In the red: National Building and Marketing (-7.9%), Almuneef Company (-7.8%), and MSGA Investment (-7.0%).

CALENDAR

AUGUST

30 August-1 September (Sunday-Tuesday): Saudi Paper and Packaging Expo, Riyadh International Convention & Exhibition Center.

31 August-3 September (Monday-Thursday): Leap Tech Conference, Riyadh Exhibition & Convention Center - Malham.

SEPTEMBER

8-10 September (Tuesday-Thursday): The WTM Spotlight Riyadh, Riyadh Front Exhibition & Conference Center (RFECC), Riyadh.

15-17 September (Tuesday-Thursday) The Global AI Summit, King Abdulaziz International Convention Center, Riyadh.

23 September (Wednesday): Saudi National Day.

28 September-1 October (Monday-Thursday): The International Conference on Theory and Practice of Electronic Governance (ICEGOV), Prince Sultan University, Riyadh.

OCTOBER

25-26 October (Sunday-Monday): The Global Proptech Summit, Mandarin Oriental Al Faisaliah Hotel, Riyadh.

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

28-29 October (Wednesday-Thursday): Procurement and Supply Chain Futures Forum, Mandarin Oriental Al Faisaliah Hotel, Riyadh.

28-29 October (Wednesday-Thursday): Real Estate Supply Chain Forum, Mandarin Oriental Al Faisaliah Hotel, Riyadh.

30 October-1 November (Friday-Sunday): The New Global Sport Conference, Sofitel Hotel & Convention Centre, Riyadh.

NOVEMBER

11-12 November (Wednesday-Thursday): Aluminum Arabia, The Arena, Riyadh.

16-19 November (Monday-Thursday): Cityscape Global, Riyadh Exhibition and Convention Centre (Malham), Riyadh.

29 November-1 December (Sunday-Tuesday): The UN Trade and Development Global Supply Chain Forum, Riyadh.

Signposted to happen sometime in 2026:

2H: Sabic’s USD 6.4 bn Fujian project in China to start production;
November: The Esports Nations Cup, Riyadh;
The World Economic Forum’s Global Collaboration and Growth Meeting, Jeddah;

2027

FEBRUARY

1-3 February (Monday-Wednesday): Energy Regulators Regional Association annual conference, Riyadh.

MARCH

21-25 March (Sunday-Thursday):The World Water Forum, Riyadh.

22–24 March (Monday-Wednesday): Capital Markets Forum, Four Seasons Hotel, Riyadh

APRIL

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

JUNE

1-3 June (Tuesday-Thursday): The Saudi Entertainment and Amusement Expo, Riyadh Front Exhibition and Conference Center.

Signposted to happen sometime in 2027:

The Ocean Race finishes in Amaala on the Red Sea;
Riyadh-Kudmi transmission line to be completed;
Aero Middle East and Sand & Fun takes place in Thumamah Airport, Riyadh.

Signposted to happen sometime in 2Q 2027:

The Hail Region Water Networks Project is expected to be completed.

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