OECD revises up Saudi growth, inflation forecasts in 2025

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Cap on foreign ownership in listed companies to be lifted soon

Good morning, wonderful people. We trust you made the most of the short holiday before we dive back into the relentless pace of the market.

In today’s issue: OECD’s latest forecasts for Saudi’s economy, three sewage plants come online courtesy of Spain’s Acciona, and so many figures from Gastat on maritime transport and construction costs. Let’s dive in.

IN MEMORIAM-

The Kingdom’s Grand Mufti, Sheikh Abdulaziz bin Abdullah Al Al Sheikh, passed awayyesterday at the age of 84. He had been holding the position since 1999, alongside other prominent roles, including the General President of Scholarly Research and Ifta, and Chairman of the Supreme Council of the Muslim World League

The main funeral prayer was held yesterday at the Imam Turki bin Abdullah Mosque in Riyadh. Prayers in absentia took place at the Grand Mosque in Makkah, the Prophet’s Mosque in Madinah, and all mosques across the Kingdom. King Salman and Crown Prince Mohammed bin Salman extended their condolences.

HAPPENING TODAY-

Schneider Electric’s Innovation Summit kicks off today at the Hilton Riyadh Hotel and Residences. The two-day summit — themed “Impact Today for a Better Tomorrow” — is expected to draw more than 2k participants, including government officials, diplomats, industry leaders, and entrepreneurs, to discuss energy efficiency, digital transformation, and sustainability.

WEATHER- Thunderstorms and scattered showers are set to linger across much of the Kingdom today, potentially bringing strong winds, dust and reduced visibility. Moderate to heavy rainfall is expected in Makkah, Al Baha, and Asir, where downpours could lead to localized flooding. Lighter rainfall is expected in Riyadh, Madinah, Najran, Qassim, Hail, and the Eastern Region.

Riyadh: 40°C high / 29°C low,
Jeddah: 38°C high / 33°C low
Makkah: 43°C high / 33°C low.

PSAs-

Qiddiya train project opens for bids: The Royal Commission for Riyadh, in partnership with the National Center for Privatization and Qiddiya Investment Company, opened registration for companies to participate in the first phase of the Qiddiya High-Speed Train under a public-private partnership model, the commission said in a statement on Monday. The project will link King Salman International Airport, the King Abdullah Financial District (KAFD), and Qiddiya City in around 30 minutes, with trains reaching speeds of up to 250 km/h.

WATCH THIS SPACE-

#1- The Capital Market Authority (CMA) is nearing a decision to lift the 49% cap on foreign ownership in locally listed companies, potentially allowing overseas investors to hold majority stakes for the first time, the regulator’s board member Abdulaziz Abdulmohsen Binhassan told Bloomberg yesterday. The size of the stake foreigners will be allowed to own was not specified, and the decision still needs approval from other government entities, according to Binhassan.

The rationale: The reform is designed to boost Saudi stocks’ weighting in global benchmarks such as the MSCI Emerging Markets Index, drawing more international capital. It also seeks to revive the Saudi stock market, down 9.6% this year, and support financing for the Kingdom’s diversification agenda.

Could be soon: “I think we’re almost there. It could come into effect before the end of the year,” he said.

REMEMBER- Last month, the CMA introduced rules allowing foreign individuals and firms to invest directly in Saudi securities, debt, and funds, while capping single foreign ownership at 10% and total foreign holdings at 49% per listed company.

#2- Alwaleed bin Talal upped his stake in US-based social media and tech company Snap, buying 15.2 mn shares, Bloomberg reports, citing an email confirmation from Bin Talal that did not specify the size of the transaction or the rationale. The newly purchased shares were valued at USD 133.5 mn based on Snap’s stock price on Monday morning, bringing his total stake to 40.8 mn shares, or roughly 2.8% of the company, according to Bloomberg.

Rough times: The b’naire prince’s investment comes as Snap faces slowing sales, fierce competition from TikTok, Instagram, and YouTube, and a stock that’s lost nearly 90% of its value since peaking in 2021. Alwaleed, who chairs Kingdom Holding Co. and ranks as the 156th richest person in the world with an estimated fortune of USD 16.5 bn, has been invested in Snap since 2018.

#3- Saudi is at the center of BYD’s gulf expansion: Chinese automaker BYD plans to rollout between 500 and 1k ultra-fast EV chargers across Saudi Arabia and the UAE within two years, Vice President Stella Li told Asharq Business. The 1 MW chargers can deliver enough energy for 400 km of driving in just five minutes.

Showrooms, buses, and more: BYD plans to establish advanced showrooms in Saudi, while also supplying the market with electric transport buses. The company could help the kingdom electrify its entire bus fleet within three to five years, offering a “bus-as-a-service” model that allows monthly payments to ease financing, Li said.

Partnerships are also on the agenda: BYD is open to working with Aramco and Saudi initiatives such as Saudi Green, offering bundled solutions including solar, battery storage, and clean-powered bus stations. The company also intends to invest in research and development in the country, bringing engineers to develop autonomous driving and AI tech locally, Li added. Local manufacturing could also follow if the environment proves favorable.

BYD has local ties: The Electric Vehicle Infrastructure Company (EVIQ), a JV between the PIF and the Saudi Electricity Company, partnered with BYD’s agent in Saudi Arabia Al-Futtaim Electric Mobility to build public high-speed EV charging stations at BYD Al-Futtaim Electric Mobility locations across the Kingdom earlier this year.

REMEMBER- Saudi Arabia aims for 30% of all vehicles in its capital to be electric by 2030.

#4- MedGulf is one step closer to finalizing its merger with Buruj, after it secured approval from the Capital Market Authority (CMA) to raise its capital to SAR 1.38 bn, up from SAR 1.05 bn, according to a statement. The transaction will see MedGulf issue 33.16 mn new shares to Buruj shareholders in exchange for all of Buruj’s assets and liabilities.

REMEMBER- The transaction values Buruj at SAR 584.6 mn, and will create the fourth-largest ins. player in the Kingdom by gross written premiums (GWP), with a combined SAR 4.1 bn in GWP and an estimated 5.4% market share based on 2024 data. Buruj’s shares will be delisted from Tadawul and new MedGulf shares allocated to Buruj shareholders following approvals.

#5- Negotiations for Saudi Aramco to purchase a minority stake in the renewables arm of Spain’s Repsol have broken down, Reuters reported on Monday, citing two unnamed sources it said are familiar with the matter. The proposed EUR 1 bn (USD 1.2 bn) transaction, reported back in May 2024, has stalled, with no plans to revive talks at this stage.

REMEMBER- Aramco is set to partner with Repsol to develop a sustainable aviation fuel demonstration project in Neom by 2025.

#6- Industrial and mining player Saleh Abdulaziz Al Rashed & Sons Co. is gearing up to list 30% of its share capital, or 5.58 mn shares, on Tadawul, after it had secured approval from the Capital Market Authority (CMA), according to a statement. The approval is valid for six months and will lapse if the listing and share sale are not completed within that timeframe.

OIL WATCH-

Saudi crude oil exports in July fell to their lowest level in four months, dropping to 5.99 mn bbl / d from 6.14 mn bbl / d in June, Reuters reports, citing data from the Joint Organization Data Initiative (JODI). Crude production slipped to 9.20 mn bbl / d in July from 9.75 mn bbl / d a month earlier, while refinery intake rose 10% m-o-m to 2.98 mn bbl / d. Direct crude burn dropped from 674k bbl / d to 608 bbl / d over the same period.

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THE BIG STORY ABROAD-

Global headlines this morning are focused on Trump’s latest regarding the Russia-Ukraine war. In a sharp shift from earlier comments urging territorial concessions, US President Donald Trump said that Kyiv could “win all of Ukraine back” shortly after meeting Ukrainian President Volodymyr Zelenskiy on the sidelines of the UN General Assembly. “With time, patience, and the financial support of Europe and, in particular, NATO, the original Borders from where this War started, is very much an option,” Trump wrote in a post on his Truth Social platform. (Reuters | Associated Press | Financial TImes | The Guardian | BBC | Washington Post | Axios)

AND IN MARKETS NEWS- Fed boss Jay Powell cooled Wall Street’s hopes for a rapid easing cycle, warning that while last week’s 25 bps cut took some pressure off the job market, moving too aggressively could leave the inflation fight unfinished. He flagged upside risks to prices and downside risks to employment, striking a more cautious tone. US equities slipped on the remarks — the tech-heavy Nasdaq led declines, falling 1.0%, with Nvidia down 2.8%, while the S&P 500 shed 0.6%. (Financial Times | CNBC | The Guardian | CNN | New York Times | Reuters | Bloomberg)

ALSO WORTH READING THIS MORNING- Bloomberg takes a deep dive into how researchers and campaigners who warned of superintelligent systems wiping out humanity are losing clout as tech giants race ahead.

OECD upgrades Saudi Arabia’s growth outlook to 3.7% in 2025 !_StoryTags_! OECD, Inflation, GDP

The Organisation for Economic Co-operation and Development (OECD) revised up Saudi Arabia’s GDP growth forecast to 3.7% in 2025, up 1.9 percentage points from its June estimate, according to the OECD’s September Interim Economic Outlook Report (pdf). Growth expected to accelerate to 3.9% in 2026, 1.4 percentage points higher than previously forecast.

Meanwhile, headline inflation is now expected to reach 2.2% for 2025, 0.3 percentage points above June estimates, while 2026 will see inflation ease to 2%, 0.2 percentage points higher than the OECD’s previous predictions.

Varied outlooks: The IMF has recently raised its forecast for the Kingdom’s 2025 GDP growth to 3.6%, up 0.6 percentage points from its April outlook. It has also upgraded its 2026 forecast by 0.2 percentage points to 3.9%. A recent Reuters poll anticipates Saudi Arabia to record 3.8% growth this year. Meanwhile, the World Bank maintained its June estimates of 2.8% growth for 2025 and 4.5% for 2026.

ICYMI- The Kingdom’s real GDP grew 3.9% y-o-y in 2Q 2025, buoyed by a 4.6% growth in non-oil activities.

Zooming out: Globally, the OECD raised its 2025 growth forecast to 3.2% from 2.9%, though output is expected to moderate from that figure to 2.9% in 2026 as trade and investment weaken under high tariffs and political uncertainty.

** We have the details on OECD’s global forecasts in today’s Planet Finance, below.

SIC invests in Jadwa’s first GCC private equity fund

SIC invests in Jadwa’s first regional PE fund: SIDF Investment Company (SIC) invested an undisclosed amount in Jadwa Investment’s GCC Diversified Private Equity Fund, according to a statement. The blind-pool vehicle — Jadwa’s first regional private equity fund — is targeting SAR 1.5 bn, with a ceiling of SAR 2 bn.

Where the money’s going: The fund will deploy capital in Saudi Arabia and the wider GCC, with a focus on industrials alongside other sectors.

SOUND SMART- In a blind-pool fund, investors commit capital without knowing the specific investments in advance, leaving the manager to identify and execute them.

Jadwa, which manages SAR 110 bn across asset classes, built a private equity portfolio in the consumer and F&B space. The firm secured a commitment from SME Bank’s Saudi Venture Capital arm in December 2024.

ICYMI- Jadwa Investment recently ramped up investments, acquiring a majority stake in beauty and personal care retailer Makhazen Alenaya and backing Gissah Perfumers, Blackspoon Group, and Tikkaway.

The move fits with SIC’s push to boost industrial financing and private sector involvement. The firm last year teamed up with London-based asset management firm to set up a SAR 400 mn private industrial investment fund, the first of its kind in the Kingdom.

About SIC: Established in November 2024 by Industry and Mineral Resources Minister Bandar bin Ibrahim Al Khorayef with SAR 2 bn in capital, SIC is tasked with promoting private investment in industry, mining, energy, and logistics.

Acciona kicks off operations at three sewage treatment plants

Spain’s Acciona and local partners Tawzea and Tamasuk have begun commercial operations at the Madinah 3, Buraydah 2, and Tabuk 2 sewage treatment plants, according to a press release. The companies will manage operations and maintenance for the plants for 25-year period.

IN CONTEXT- The plants were first awarded in 2021 by the state-owned Saudi Water Partnership Company under contracts valued at around USD 1 bn, with Acciona taking on responsibility for financing, designing, engineering, construction, and long-term operation. Financial close followed in 2022, backed by the company’s first green loan.

The plants: Madinah 3, the largest, has an initial treatment capacity of 200k cbm / d — expandable to 375k cbm / d — and will serve up to 1.5 mn residents. Buraydah 2 adds 150k cbm/d of capacity for some 600k people, while Tabuk 2 provides 90k cbm for around 350k inhabitants. The three facilities each incorporate pretreatment installations, biological reactors, and sludge lines. Together they add 440k cbm/d of new wastewater treatment capacity.

Beyond treatment, the projects include major water reuse infrastructure. Acciona built more than 85 km of recycled water collectors, storage tanks and pumping stations, to channel reclaimed water into agriculture. About 95% of the treated wastewater will go to irrigation, with daily reuse volumes estimated at 190k cbm from Madinah 3, 142.5k cbm from Buraydah 2, and 85.5k from Tabuk 2.

Saudi ports see record cargo volumes as exports surge in 2024

Saudi ports ride exports boom: The total volume of imports and exports handled across Saudi Arabian ports exceeded 331 mn tons in FY 2024 — with a 9.3% y-o-y uptick in outbound cargo to 222.4 mn tons and a 3.6% rise in inbound cargo to 108.9 mn tons, according to the General Authority for Statistics’ Maritime Transports Statistics 2024 report (pdf). The surge in outbound and exports volume reflects a robust, export-oriented maritime sector across the Kingdom.

Two ports remained on top: King Fahad Industrial port in Yanbu — Saudi exports’ top destination — accounted for 51% of total exports with 114 mn tons, while Dammam’s King Abdulaziz Port — the leading port for inbound cargo — registered nearly 35% of all imports with a total of 38 mn tons.

In cargo terms: The total volume of handled cargo across Saudi ports exceeded 334.5 mn tons, with nearly 110.5 mn tons unloaded and 224.1 mn loaded. Yanbu’s King Fahad Industrial Port came in first place, handling 39.8%, followed by Jubail’s King Fahad Industrial Port (19%), King Abdulaziz Port (15.5%), and Jeddah Islamic Port (14.1%).

Zooming in on cargo types: Liquid bulk cargo led the pack with 177.4 mn tons, followed by containers with 84.5 mn tons. The ports also handled 56k tons of solid bulk cargo, 10.8 mn tons of general cargo, and 5.8 mn RoRo units.

The Kingdom’s ports handled more than 2.5 mn containers in FY 2024, including 1.3 mn outbound containers and over 1.2 mn inbound containers. Transhipment cargo surpassed 21 mn tons, with 10.4 mn tons unloaded and about 11 mn tons loaded — amounting to nearly 2 mn standard containers in total. King Abdulaziz Port registered 51.1%, ranking first in standard container handling.

In terms of ship traffic, ports across the Kingdom logged a total of 8.7k ships — with Jeddah Islamic Port ranking first at 3.8k ships, followed by King Abdulaziz Port (2k), Neom Port (951), and Yanbu’s King Fahad Industrial Port (554).

Construction costs rise 0.7% y-o-y in August

The Kingdom’s Construction Cost Index (CCI) rose 0.7% y-o-y in August, due to a 0.8% increase in residential construction costs and a 0.6% rise in non-residential costs, according to data (pdf) from the General Authority for Statistics (Gastat).

The drivers: Residential costs were lifted by a 1.5% increase in labor costs and a 1.2% rise in equipment and machinery rental prices, particularly for a 1.4% increase in rentals with operators. Meanwhile, non-residential activity gained on a 1.1% increase in labor costs and a 1.3% rise in equipment and machinery rental prices, also led by rentals with operators, which rose 1.6%.

ALSO- Energy prices jumped 9.9%, while basic materials prices slipped 0.3% y-o-y, weighed down by a 1.7% decline in metal product prices and a 1.1% drop in other construction materials. For non-residental activity, basic materials fell 0.4% due to a 2.0% decline in other materials and a 1.6% drop in metal products.

On a monthly basis: The CCI inched up 0.1 m-o-m in August, as residential costs rose 0.1% on slightly higher materials and equipment rental prices. Non-residential costs were flat compared to July, with labor and energy prices holding steady.

erad lines up USD 33 mn debt investment from India’s Stride Ventures

FINTECH-

Riyadh-based alternative financing platform erad raised USD 33 mn in debt financing led by India’s Stride Ventures, it said in a press release on Monday. The round, which closed at the Money 20/20 event in Riyadh, will be used to expand Erad’s financing for small and medium enterprises (SMEs) in Saudi Arabia and the UAE, and to strengthen its technology platform.

REMEMBER- The platform secured USD 16 mn (c. SAR 60 mn) in a pre-series A round in May, backed by global and regional investors, to scale operations across the region, boost local hiring, and expand its suite of shariah-compliant financing solutions to support revenue-generating small and medium-sized businesses.

Meanwhile, Stride Ventures plans to deploy USD 200 mn in Saudi over the next two years, part of a four-year Middle East strategy targeting USD 500 mn, Fariha Javed, a partner in the firm, told Bloomberg on Monday. The move seeks to tap rising demand for alternative financing amid the Kingdom’s economic transformation. The firm has already issued over USD 1 bn in credit across India, Southeast Asia, and the UK.

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DEBT WATCH-

PIF-owned Elm renewed a SAR 500 mn shariah-compliant facility with Al Rajhi Bank, it said in a disclosure to Tadawul on Monday. The one-year financing — backed by a promissory note — will be used to cover working capital needs and provide bank guarantees.

ICYMI- The homegrown digital solutions provider lined up a five-year SAR 1.9 bn shariah-compliant loan with the Saudi National Bank (SNB) back in April to finance corporate expansion and acquisitions.

BANKING-

The World Bank inaugurated a new regional hub in Riyadh to oversee operations across the Middle East, North Africa, Afghanistan, and Pakistan, it said in a press release on Monday. The hub will be based alongside the bank’s GCC regional office, with the regional vice president and practice directors relocating to Riyadh. The move follows the recent launch of a World Bank Knowledge Hub in Riyadh to support knowledge exchange, research, and capacity-building initiatives.

OECD revises up global growth outlook for 2025

OECD’s global growth forecast upped to 3.2% in 2025: Global GDP is set to grow at a faster rate than previously expected, with the Organisation for Economic Co-operation and Development revising up its forecast to 3.2% from its previous 2.9% prediction, according to its Interim Economic Outlook report (pdf). Its forecast for 2026 remains at 2.9%.

The rationale: Global GDP outperformed expectations during 1H 2025, with the growth and investment in the AI sector coupled with front-loading production in anticipation of levies offsetting incoming tariff-induced headwinds. The prediction still marks a slowdown from 3.3% growth in 2024, as tariffs and a climate of uncertainty weigh on trade and investment.

Markets aren’t clear of tariffs yet, with the real effect of the levies yet to be felt and “significant risks” remaining. The hard data showing signs of tariffs effects is starting to be felt through job figures and prices after firms absorbed the initial brunt through their margins.

Sovereign yield curves have steepened in the US and France, while refinancing risks are mounting in emerging markets with heavy maturities due before 2026. Crypto assets are also surging, which OECD says increases financial stability risks. OECD data shows crypto’s market cap at USD 3.9 tn in September, up nearly 5x since 2023.

Labor markets are softening: Unemployment is edging up in the US, Canada, Germany, and France, as job vacancy ratios are falling. Nominal wage growth has slowed, though it still exceeds inflation-consistent levels in the US, Eurozone, and UK.

Disinflation has lost steam, as food inflation has once again driven up goods prices and services inflation remains sticky, offsetting easing housing costs. Headline G20 inflation is projected to fall to 2.9% in 2026 from 3.4% in 2025, though US inflation will stay above target, as tariffs push import costs into consumer prices.

On the interest rate front, central banks can cut baseline rates further following the US Federal Reserve’s cut earlier this month if inflation expectations remain under control and look set to moderate, the report said. However, the OECD urged vigilance and awareness of risks regarding inflation, adding that fiscal discipline and agility was needed to control debt levels and react to any market shocks.

MARKETS THIS MORNING-

Asian markets are a sea of red this morning, after Wall Street also suffered a losing session yesterday on remarks from Fed Chair Jerome Powell that equity values are stretched. Hong Kong’s Hang Seng and China’s CSI 300 were flat at the open. Over on Wall Street, futures point to a muted open.

TASI	10,876	+0.6% (YTD: -9.6%)
MSCI Tadawul 30	1,415	+1.0% (YTD: -6.3%)
NomuC	25,299	-0.2% (YTD: -19.6%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.75% repo	4.25% reverse repo
EGX30	35,329	+0.3% (YTD: +18.8%)
ADX	10,109	-0.3% (YTD: +7.3%)
DFM	5,959	-1.1% (YTD: +15.5%)
S&P 500	6,657	-0.6% (YTD: +13.2%)
FTSE 100	9,223	0.0% (YTD: +12.9%)
Euro Stoxx 50	5,472	+0.6% (YTD: +11.8%)
Brent crude	USD 67.94	+0.5%
Natural gas (Nymex)	USD 2.87	+0.5%
Gold	USD 3,795	-0.5%
BTC	USD 112,097	-0.5% (YTD: +19.8%)
Sukuk/bond market index	916.01	0.0% (YTD: +1.5%)
S&P MENA Bond & Sukuk	150.57	+0.1% (YTD: +7.6%)
VIX (Volatility Index)	16.64	+3.4% (YTD: -4.1%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.6% on Monday on turnover of SAR 5.2 bn. The index is down 9.6% YTD.

In the green: Raoom (+10.0%), Saudi Cable (+6.6%) And Alyamamah Steel (+6.1%).

In the red: Cenomi Retail (-6.3%), Masar (-2.8%) And East Pipes (-2.6%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.2% on Monday on turnover of SAR 34.7 mn. The index is down 19.6% YTD.

In the green: Jana (+15.2%), NGDC (+8.6%) and SPC (+5.7%).

In the red: Meyar (-18.6%), Shalfa (-9.7%) And Paper Home (-9.5%).

CORPORATE ACTIONS-

Saudia Dairy and Foodstuff Company’s (Sadafco) board greenlit a SAR 255.9 mn dividend payout for 1H 2025 at SAR 8 per share, it said in a disclosure to Tadawul on Monday. The payout is set for Tuesday, 14 October.

Saudi-French co-chaired UN Summit sees France (and more) recognize Palestine

The UN summit co-chaired by Saudi Arabia and France saw French President Emmanuel Macron formally announce France’s recognition of Palestine on Monday. The move, coordinated with Saudi Arabia and followed by a cohort of Western nations, aims to revive the two-state solution framework which has been all but stalled for years.

Other countries that followed-suit: The United Kingdom, Canada, Australia, and Portugal had recognized Palestine just prior to the summit, while Luxembourg, Malta, Monaco, and Andorra joined France in doing so on Monday. Belgium signaled its intent to offer formal recognition once Hamas is removed from power in Gaza and all captives are released.

Foreign Minister Faisal bin Farhan welcomed the moves, and called on all remaining nations (about 20% of the general assembly) to recognize Palestine to help achieve a comprehensive peace and establish an independent Palestinian state on the 1967 borders, with East Jerusalem as its capital.

It’s all been building up to this: Over the past year, France and Saudi Arabia collaborated to convince Western countries to recognize a Palestinian state. The initiative began in late 2024 when the Kingdom pushed for France to recognize Palestine. Their joint efforts led to a July conference in New York where Arab nations condemned Hamas, called for its disarmament, and proposed a 15-month roadmap to a sovereign Palestinian state.

Not everyone is on board: The US and Israel boycotted the summit, with Israeli Prime Minister Benjamin Netanyahu decrying the recognitions as “a massive prize to terror.” Israeli Ambassador Danny Danon called the event a “charade.”

The US isn’t done yet: US President Donald Trump held a multilateral meeting early this morning with leaders from Saudi Arabia, Qatar, Indonesia, Turkey, Pakistan, Egypt, the UAE and Jordan to discuss the Gaza situation. A joint declaration is expected later today.

CALENDAR

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

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.

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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