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Humain, STC to develop 1 GW AI backbone

1

WHAT WE’RE TRACKING TODAY

A Universal Studios theme park in Saudi?

Good morning, wonderful people. Winter is officially here, and the season is greeting us with rare snowfalls that blanketed the desert in the northwest in a once-in-a-generation imagery we couldn’t afford to miss.

Our big story today is a partnership between Humain and STC’s Center 3 to lay a 1 GW infrastructure for Saudi’s AI ambitions — provided there’s sufficient demand. That sould not be too difficult, as we have the favorable conditions to offer AI companies data centers powered by Saudi’s cheap energy.

ALSO- Alramz Real Estate could not resist TASI’s sweeping current, as the newcomer logged the worst first-day performance for a main market IPO this year.

AND- Land allocation started in Riyadh, with the first e-lottery allocating over 6 mn sqm of lands to beneficiaries. Knight Frank’s Faisal Durrani told us the program is a success because it offers Saudis affordable housing on lands they can build themselves — and build however they like, offering a more attractive option than going through third-party developers.

PSA-

King Khalid Airport said it resumed operations normally yesterday, after a chaotic weekend that saw thousands of passengers stranded as some 200 flights were cancelled or rescheduled. A series of unfortunate events — or “internal operational factors” as the airport called it — reportedly included water getting into fuel tankers used to refuel jets, unnamed sources told Arab News.

Not the only airport affected: Extreme weather conditions in neighbouring countries — including in Dubai — also diverted a number of flights to the Riyadh airport.

Watch this space

ENTERTAINMENT: Universal Studios is mulling a new theme park in Saudi, the Wall StreetJournal reports, citing sources it said are in the know. An unnamed government-backed entity could fund the potentially multi-USD bn project as part of a licensing agreement, the sources said.

Very early in the game: There’s no deal in place yet as the company is still working on the initial concept for the park, which will take years to build. The park will reportedly be built at Qiddiya, which Comcast CEO Brian Roberts visited last month while in the Kingdom, the sources added.

Not leaving the region to Disney: The US titan signed a deal earlier this year to bring its seventh Disneyland to neighboring Abu Dhabi’s Yas Island. Comcast — the Universal Studios parent — does not want to be left behind in a region where competition for entertainment projects to attract tourists is getting more and more fierce. It was bound to come back after an earlier attempt to build a Universal Studios Dubailand was shuttered by the 2008 financial crisis.


CONSTRUCTION: It seems World Cup stadiums are not safe from cutbacks. Firms are reportedly being asked to resubmit cheaper plans for construction of the 2034 World Cup stadiums, unnamed sources told the Guardian. Contractors were also informed that they won’t be starting work next year as was the plan, the sources said.

We could see fewer stadiums built than the 15 initially planned — 11 news stadiums and four slated renovations, the British news outlet is citing “speculation” in the construction industry.

IN CONTEXT- The Public Investment Fund has been trying to cut back on construction spending, in a bid to shift the focus into AI, advanced manufacturing, and other sectors.


OIL: The Kingdom is ramping up oil exports to its primary markets in Asia and the US, despite a looming oversupply, according to Bloomberg.

The numbers: Data for late 2025 and early 2026 show Saudi volumes to China hitting a five-month high of 1.6 mn bbl / d, while shipments to the US are projected to reach 594k bbl / d next month — the highest since 2022. November loadings to Japan have also hit a two-year high at 1.3 mn bbl / d.

Signs of a glut are already here: A record 1.3 bn barrels of crude are currently sitting on tankers at sea as benchmark prices head for their steepest annual loss since the pandemic. The International Energy Agency forecasts a 3.8 mn bbl / d surplus next year.


SPORTS: Saudi Arabia and the UAE shared third place in the FIFA Arab Cup 2025, after their match was cancelled due to heavy downpours at Khalifa International Stadium on Thursday, according to a FIFA decision. While the first half ended in a 0-0 draw, the weather made it impossible to resume play, prompting FIFA to declare the match a draw and split the prize money equally.

Data Point

SAR 13.3 bn — the total consumer spending via point-of-sale (PoS) transactions in the Kingdom in the week ending 13 December, a 7.9% w-o-w decline, according to the Saudi Central Bank’s latest weekly report (pdf). The number of transactions remained mostly flat at 236.1 mn.

The breakdown: Food and beverages accounted for the largest share of spending during the week at SAR 2.01 bn, but it saw a 14.3% w-o-w dip. Restaurants and cafes followed in second place, reaching SAR 1.72 bn and showing a 3.7% w-o-w increase, while apparel, clothing, and accessories saw a drop of 8.7% w-o-w to SAR 1.16 bn.

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***

THE BIG STORY ABROAD-

Oil markets are once again in watch-and-see mode after the US seized yet another oil tanker off the coast of Venezuela, Homeland Security Secretary Kristi Noem confirmed overnight. The Panamanian-flagged vessel is the second tanker near Venezuela that the US has gone after this month, with US President Donald Trump ordering a “total and complete blockade” of all sanctioned oil tankers going into and out of Venezuela. Read the complete take on Reuters.

PLUS- Did the price tags on tickets for the 2026 World Cup make your eyes water? FIFA and other sporting bodies are under pressure to capitalize on major sporting events — ostensibly to be able to reinvest in the sports they oversee — while facing pressure from fans to make the experiences more accessible. Go read the Financial Times’ Big Read on The “Outrageous” Cost of Sports Tickets.

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2

THE BIG STORY TODAY

Humain, STC to develop 1 GW AI backbone

Humain is moving forward with laying AI infrastructure: PIF-owned Humain will develop and operate up to 1 GW of AI-focused data centers through a new JV with STC subsidiary Center3, STC said in a disclosure to Tadawul. The six-month MoU targets an initial capacity of 250 MW, with the remainder contingent on securing contracts for the additional capacity. No financial details have been disclosed.

Who owns what? Humain will hold a 51% stake in the JV, with STC owning the rest. The Public Investment Fund owns 100% of Humain and 62% of STC.

BACKGROUND- Center3 unveiled a big expansion plan for its data center infrastructure in August, committing USD 10 bn to deploy 1 GW of total capacity by 2030. Some 300 MW are set to be installed by 2027.

In Context: We have the makings of a global AI hub

Saudi wants to put AI at the forefront of its diversification agenda. The pitch? To leverage the low cost of electricity from our huge solar plants — a fraction of the global average — to power AI data centers, making Saudi an attractive hub for global companies to run their AI models.

The gov’t is all in: The PIF is expected to channel big investments into the sector in the next five years as it shifts away from capital-intensive construction projects. Aramco is also snapping up a big piece of Humain “to combine the two entities’ AI assets and expertise under Humain to accelerate its global growth.”

There’s also no shortage of land in the Kingdom’s vast deserts. Humain already found over 200 sites with access to a combined 15.6 GW of energy supply in just two weeks of its inception, CEO Tareq Amin told The Economist. This includes four large plots just next to solar power projects, Amin says.

AND- The chips are starting to flow: The US cleared Humain in November to get thousands of Nvidia’s high-end GB300 chips. An earlier USD 1.5 bn agreement in February between Aramco Digital (where Amin was the CEO) and Groq secured semiconductors for what was touted as the largest AI inference node in the world.

3

IPO WATCH

Alramz sets an IPO record in 2025 — for the wrong reasons

Alramz Real Estate logged the main market’s sharpest first-day decline this year, closing at SAR 60, 14.3% below its debut price. The session saw a high of SAR 69.75, with around 1.8 mn shares changing hands across 11.1k trades worth roughly SAR 118 mn, according to market data.

BACKGROUND- The developer priced its IPO at SAR 70 per share, after its institutional offering was 11.1x covered, drawing some SAR 10 bn in orders. At SAR 900.2 mn in proceeds, Al Ramz is the eighth-largest main-market IPO of 2025, sitting just behind Nice One and ahead of United Carton Industries and Almasar Education.

The context

The slump extends a broader run of weak post-listing performances on the main market in 2025, following rare first-day gains of CGS and Almasar Education earlier this month.

The issue is in the timing, Saudi Economic Association’s Saad Althagfan told AsharqBusiness, adding that Alramz saw strong growth in income and revenues over the past quarters. Traders will wait for 4Q results to see if the company extends its bumper growth, Althagfan said.

  • Alramz logged a net income of SAR 158.4 mn in 2024, up 25.1% y-o-y. Revenue was up 78.9% to SAR 951.8 mn during the same period.

📉 It’s a tough year for TASI: Tadawul’s benchmark is down roughly over 13% YTD, with softer oil prices and tighter liquidity weighing on risk appetite.

ADVISORS- SNB Capital quarterbacked the transaction as financial advisor, lead manager, bookrunner, and underwriter.

ALSO IN THE PIPELINE-

4

REAL ESTATE

Gov’t starts direct land allocation in Riyadh

Direct land allocation is the latest tool for cooling an overheated residential market.

The Royal Commission for Riyadh City started allocating 10k plots across the capital at a fixed price of SAR 1.5k per sqm. Results of the e-lottery announced last Wednesday saw a total of 6.38 mn sqm of residential plots — at 300 sqm each — allocated to eligible recipients in Riyadh across existing and new districts, including Al Qayrawan, Al Malqa, Al Nakhil, Al Narjis, Numar, Al Rmayah, Al Rimal, and Al Janadriyah.

The program — executed through the Tawazoun platform — has been a “huge success,” Knight Frank Partner and MENA Head of Research Faisal Durrani told EnterpriseAM. “Some families had committed to buying homes off-plan from third-party developers, but they have now changed their mind. Instead, they said, ‘We will buy our own land and build our own home because it’s cheaper than buying through a third-party developer.’”

The soft ceiling

This round kicks off a wider five-year plan to allocate up to 40k plots annually — that’s 40k plots taken out of the flipping residential market each year to directly discount “unacceptable” market prices. Beneficiaries are barred from selling, renting, or mortgaging the land for 10 years, and if they don’t build within a specific timeframe, the state takes the land back. The pitch is to encourage development on the allocated land, increasing the supply of residential and commercial units.

Affordability is a big part of the equation. The offered price is less than half of the SAR 3.2k-per-sqm average in the capital, with some districts seeing up to 84% discounts to market rates, according to Aleqtisadiah ’s analysis. The discount effectively sets a soft ceiling on land valuation.

But there’s a cultural element to the program’s success too. “People like to customize their homes as much as possible. And when you’re buying it from a developer, your options for customization are relatively limited,” Durrani told us.

Part of a gov’t toolkit

The soaring real estate prices triggered a slew of reforms to cool down the real estate market, including a five-year rent freeze, taxes on white lands, and lifting land freezes in the north of the capital.

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

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5

BANKING

Customer deposits at Saudi banks decline for the first time in five quarters -Kamco

Gross loans by listed Saudi banks grew 2.4% q-o-q to reach USD 850 bn in 3Q 2025, Kamco Invest said in its latest banking sector quarterly report (pdf). On a sectoral level, lending witnessed the biggest q-o-q growth in the finance and ins. sector (+10.3%) and utilities (+5.6%), while loans to real estate activity dropped 1.6%.

Total customer deposits declined for the first time in five quarters by 1% to reach USD 850.3 bn at the end of the quarter. The decline was mainly driven by a fall in demand deposits and deposits from financial institutions, which more than offset healthy growth in savings and other deposits.

The Saudi banking sector’s loan-to-deposit ratio reached a record high of 97.6% during the quarter, registering a growth of 330 bps compared to the previous quarter. The elevated ratio highlights challenges on the liquidity front in the banking sector and indicates higher external funding requirements in the near term.

Total revenues rose 2.1% for the quarter, supported by a 6.4% rise in non-interest income to USD 4.1 bn. Meanwhile, net interest income for Saudi-listed banks saw only a marginal improvement of 0.1% during the quarter, reaching some USD 8 bn.

The sector’s cost-to-income ratio improved, declining by 50 bps, reflecting strict cost control despite the revenue environment. Operating expenses saw the smallest increase in the GCC at 1.4%, while total impairments declined by 0.3% to USD 503.5 mn, resulting in the lowest cost of risk in the region at 0.26%.

Net interest margins for Saudi banks stood at 2.93%, showing a decline consistent with the broader region as interest rate cuts impacted repricing. Saudi-listed banks maintained a stable profitability profile, with the aggregate return on equity staying flat at 13%.

For the year ahead: Growth in 2026 is expected to be slightly better in the UAE and Saudi Arabia as they benefit from economic transformation efforts, leading to faster non-oil sector expansion.

The GCC at large

Listed banks across the GCC maintained a strong performance in 3Q 2025, with net income reaching USD 16.6 bn, according to the report. This was up 11.6% y-o-y and 2.2% q-o-q, and was fueled by a broad-based surge in revenues and a declining cost-to-income ratio that helped offset rising impairments.

Lending by listed GCC banks reached USD 2.41 tn, growing 3.6% q-o-q — the second-highest quarterly increase in over four years — and maintaining double-digit annual growth of 13.5% y-o-y.

Total customer deposits reached a new record of USD 2.8 tn, though q-o-q growth slowed to a three-quarter low of 2.1% as the overall regional increase was tempered by a decline in customer deposits at Saudi banks.

Meanwhile, aggregate net loan-to-deposit reached a record of 82.8% — well above the 80% mark — climbing more than 100 bps both sequentially and annually to reflect improved asset utilization and better margins, while Saudi banks pushed the country-level ratio to a record high of 97.6%.

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6

SAUDI IN THE NEWS

Olayan sisters, Saudi’s gaming push in the spotlight

The Olayan sisters attract Wall Street executives for advice — and attention of the foreign press. Bloomberg follows the story of Lubna and Hutham Olayan, their rise to the top ranks in Wall Street, and the successful steering of their USD 50 bn (or more) family business. Olayan Group holds a USD 13 bn stock portfolio in the US, comparable to that of the Public Investment Fund (USD 19 bn), making it the Kingdom’s “shadow sovereign fund.”

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

ALSO- A hot take on the Kingdom’s gaming push: Saudi’s bid to capture a dominant slice of the USD 200-300 bn global gaming market is running headlong into a structural “esports winter,” according to a Washington Post analysis. Riyadh is banking on its 23.5 mn “gaming enthusiasts” — or 67% of the population — and the interest that peaked during the pandemic, but the following years saw studios closed and demand plummeting — putting Saudi return on investment at risk, the newspaper argued.

7

PLANET FINANCE

Brookfield’s real-asset moment

Brookfield is positioning 2026 as a year for real assets, not rate wagers. Higher-for-longer rates, geopolitical fragmentation, and AI-driven demand are reshaping where capital can earn durable returns, the firm said in its 2026 Investment Outlook (pdf).

Infrastructure sits at the center of the playbook: Brookfield is most bullish on digital infrastructure, power, and transport — assets tied to electrification, AI workloads, and critical material supply chain reconfiguration. Long-duration assets and inflation linkage, it says, are back in focus as volatility persists elsewhere.

Rather than chasing application-level top players, Brookfield favors owning the physical backbone of AI — data centers, grids, fiber, cooling, and compute-linked real estate — as energy constraints turn access to power into a competitive moat, reinforcing the infrastructure thesis, which pencils in investments of over USD 100 tn in the sector by 2040.

The trend will filter through to private equity, with Brookfield expecting platforms linked to digitization, services, and transition infrastructure to remain attractive, while capital-intensive and cyclical assets face higher hurdles. PE firms will also likely move away from leverage-driven returns and toward operational improvement and thematic growth.

And to M&A, which it expects to rebound in 2026, partly due to an increase in infrastructure mergers, alongside an easing of financing conditions and sellers reset expectations. Corporate carve-outs and sponsor-to-sponsor transactions are also likely to lead the recovery.

Real estate is stabilizing, unevenly: Brookfield sees a bottom forming across global property markets, with widening divergence by sector. Logistics, multifamily, student housing, and data center-adjacent assets are favored.

The takeaway: Brookfield argues investors who stayed defensive may be underexposed to the next phase of growth. With AI deployment broadening, infrastructure spending rising, and M&A thawing, it sees 2026 as a year where scale and patience regain the upper hand.

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

TASI

10,450

+0.4% (YTD: -13.2%)

MSCI Tadawul 30

1,376

+0.5% (YTD: -8.9%)

NomuC

23,354

-0.3% (YTD: -25.8%)

USD : SAR (SAMA)

USD 3.75 Sell

USD 3.75 Buy

Interest rates

4.5% repo

4.0% reverse repo

EGX30

40,927

-1.4% (YTD: +37.6%)

ADX

9,967

-0.3% (YTD: +5.8%)

DFM

6,114

+0.6% (YTD: +18.5%)

S&P 500

6,834

+0.9% (YTD: +16.2%)

FTSE 100

9,897

+0.6% (YTD: +21.1%)

Euro Stoxx 50

5760

+0.3% (YTD: +17.7%)

Brent crude

USD 60.47

+1.1%%

Natural gas (Nymex)

USD 3.98

+1.9%

Gold

USD 4,387

+0.5%

BTC

USD 87,902

-0.3% (YTD: -5.9%)

Sukuk/bond market index

919.00

-0.1% (YTD: +1.9%)

S&P MENA bond & sukuk

151.8

-0.1% (YTD: +8.5%)

VIX (Volatility Index)

14.91

-11.6% (YTD: -14.1%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.4% on Thursday on turnover of SAR 5.9 bn. The index is down 13.2% YTD.

In the green: ACC (+5.6%), Bahri (+5.1%), and Kingdom (+4.4%).

In the red: Alramz (-14.3%), Nama Chemicals (-4.3%), and Sinad Holding (-3.5%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.3% on Thursday on turnover of SAR 17.9 mn. The index is down 25.8% YTD.

In the green: Taqat (+7.8%), Riyadh Steel (+6.3%), and Qomel (+5.8%).

In the red: Altwijri (-14.4%), Alfakhera (-5.5%), and Hamad Bin Saedan Real Estate (-5.3%).


DECEMBER

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

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): Title deed registration deadline for 54k properties in 77 neighborhoods across Riyadh, Makkah, and the Eastern Province.

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

10-18 January (Saturday-Sunday): Public school mid-year break.

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

15 January (Thursday): Title deed registration deadline for 31.7k properties in 14 neighborhoods in the Eastern Province.

15 January (Thursday): Title deed registration deadline for about 157.3k properties in 78 neighborhoods across the Eastern Province.

15 January (Thursday): Title deed registration deadline for about 41.7k properties across 115 neighborhoods in Riyadh, Qassim, and the Eastern Province.

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

26-27 January (Monday-Tuesday): SuperReturn Saudi Arabia, Hotel Fairmont, 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.

9-10 February (Monday-Tuesday): Global Games Show Riyadh 2026, Malf Hall, 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.

15-17 February (Sunday-Tuesday): The World Advanced Manufacturing & Logistics Saudi Expo, Riyadh Front & Exhibition Center.

16 February (Monday) King Salman Stadium design-and-build contract prequalification submission deadline.

22 February (Sunday): Founding Day.

26 February (Thursday): Title deed registration deadline for 142.8k properties across 104 neighborhoods in Hail.

MARCH

12 March (Thursday): Deadline for real estate registration for 253.2k properties in 499 neighborhoods across Riyadh, Qassim, Makkah, and Hail.

17-23 March (Tuesday-Monday): Eid Al-Fitr holiday.

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.

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

24-28 (Sunday-Thursday): Eid al-Adha holiday.

JUNE

21-24 June (Sunday-Wednesday): Saudi Food Exhibition and Conference, Riyadh Front Expo.

SEPTEMBER

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

23 September (Wednesday): Saudi National Day.

OCTOBER

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

Signposted to happen sometime in 2026:

  • 2H: Sabic’s USD 6.4 bn Fujian project in China to start production in 2026.
  • November: 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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