World Bank ups our growth forecast in 2025

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Foreign ownership law to be implemented next month -Housing Minister

Good morning, wonderful people. We’re three weeks away from the new year, and we can practically hear the jingle bells. We ease into this new week with a light issue, featuring the World Bank’s latest growth forecasts for the Kingdom, a deep dive into Opec+ new capacity audit set to start next month, and more.

IT’S A BIG WEEK FOR ART- Today is day four of the Red Sea Film Festival. This year’s edition, which kicked off on Thursday and runs through next Saturday, will showcase international screenings, world premieres of Arab films, and an official competition showcasing entries from all over the globe. The festival also hosts panel discussions and talent support initiatives designed to empower emerging voices and amplify the Arab presence in global cinema.

ALSO- The Riyadh Music Week is running until Wednesday, 10 December, highlighting Saudi’s music scene through Fringe events and public space activations while focusing on emerging artists, grassroots venues, and community engagement. The program spans JAX District, Sports Boulevard, and Diplomatic Quarter, bringing together several Saudi music communities, including URX, MDLBEAST, The Fridge, Bohemia Records, Merwas, and The Warehouse. Full itinerary available on the event’s website.

WEATHER- ⚠️ Stormy days ahead: Thunderstorms are expected all over the Kingdom with varying intensities starting today until Thursday, hitting Asir, Al Baha, Makkah, Madinah, Tabuk, Hail, Qassim, Jazan, Al Jouf, the Northern Borders, Riyadh, and the Eastern Province. Dust storms and hail could stir in some areas, with flash floods expected in valleys and lowlands.

Riyadh: 26°C high / 26°C low,
Jeddah: 34°C high / 25°C low
Makkah: 33°C high / 23°C low
Dammam: 27°C high / 16°C low.

HAPPENING TOMORROW-

Fresh GDP data set to come out tomorrow: The GDP and National Accounts figures for 3Q 2025 are set to be released by the General Authority for Statistics (Gastat) tomorrow. Flash estimates from the authority put the Kingdom’s real GDP growth at 5% y-o-y in 3Q 2025.

WATCH THIS SPACE-

#1- The foreign ownership law will be implemented next month for residential units in all Saudi cities except Makkah, Madinah, Jeddah, and Riyadh, Municipalities and Housing Minister Majid Al Hogail told Al Arabiya on the sidelines of the annual budget forum. Non-Saudi residents will be allowed to own residential units.

For commercial, industrial, and agricultural real estate, foreign ownership will be permitted in all cities without exception, Al Hogail said.

REMEMBER- In July, the Cabinet approved legislation enabling non-Saudis to own residential and commercial real estate in designated areas starting January 2026. Aimed at attracting foreign direct investment, the law permits ownership without a residency permit but imposes specific geographic restrictions, including special regulations for Riyadh, Jeddah, Makkah, and Madinah. Ownership in the holy cities will be limited to Muslims within major projects, while raw land purchases remain prohibited to prevent market speculation.

The 2026 budget allocates SAR 70 bn to deliver 80k new housing units, Al Hogail said. The government has already securitized SAR 47 bn to provide liquidity for housing programs, which have benefited 1.2 mn families so far, including 920k who have moved into their new homes. Saudi homeownership is expected to reach 66% by year-end, exceeding 2025 targets, according to Al Hogail.

#2- US-based investment management giant State Street is expanding its Riyadh presence, adding 12 staff members to its 30-person office over the next two years to tap into the Kingdom’s accelerating ETFs and alternative assets market, Bloomberg reported on Friday, citing State Street’s Oliver Berger and Emmanuel Laurina.

The rationale: ETFs have seen sharp adoption in the past 18 months, especially through 2025, with Saudi family offices and private wealth managers shifting toward international markets, multi-asset structures, and alternatives. Sovereign clients are also redirecting part of their portfolios toward MENA fixed income and equities, they said.

ICYMI- State Street opened its MENA regional headquarters in Riyadh in October. The company — which began local operations in 2020 and has served Saudi clients for over 25 years — has USD 60 bn in assets under management in the Kingdom as of October. It plans to introduce new Saudi-focused ETFs while preparing to launch custodian services in the Kingdom by 2027.

OIL WATCH-

Saudi Arabia cuts January crude prices to five-year low amid global surplus: Aramco lowered the price of its main Arab Light crude for Asia to USD 1.50 per barrel, a USD 0.6 premium over the Oman-Dubai benchmark, according to reports by Bloomberg and Argaam. This marks the lowest level since January 2021 and comes in line with expectations.

Arab Heavy and Arab Medium fell by USD 0.60 a barrel versus the Oman-Dubai average, while Arab Extra Light and Arab Super Light were reduced by USD 0.20 a barrel, Mees reports.

IN CONTEXT- The move comes amid persistent signs of a global oil surplus, with crude prices down about 16% this year due to strong supply from the Americas and Opec+ output.

SPEAKING OF- Opec’s crude output held largely steady in November at just over 29 mn bbl / d, reflecting a cautious stance amid growing signs of a global oil surplus, a Bloomberg survey showed. A 60k bbl / d uptick from the UAE was offset by minor declines in Iran, Gabon, and Saudi Arabia.

ICYMI-Opec+ agreed to freeze production increases in 1Q 2026 to manage seasonal demand softness and gauge geopolitical risks to Russian and Venezuelan supplies. The decision keeps 3.24 mn bbl / d of production cuts in place, representing some 3% of global demand.

IN CONTEXT- The alliance has previously boosted output to reclaim market share from US shale and curb quota overproduction, though actual increases often lagged due to technical limits or compensation for earlier overshoots. Opec+ has now agreed on a new capacity review mechanism to set more accurate future quotas.

^^ New mechanism, you say? We dive into Opec+’s quota-setting methodology in today’s news well, below.

SPORTS-

The Green Falcons will face Spain, Cape Verde, and Uruguay in Group H at next year's Fifa World Cup finals held in the US, Canada, and Mexico, where they will compete for a place in the knockout stage, state news agency SPA reported on Friday. The three North American countries will gather 48 national teams battling for the cup, including seven Arab countries.

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THE BIG STORY ABROAD-

It’s relatively calm in the foreign press this morning — among the stories making headlines:

#1- Netflix will acquire Warner Bros Discovery in a USD 72 bn agreement, which would give it control of Warner’s portfolio, including HBO and major franchises like Harry Potter and Batman. Warner Bros Discovery CEO David Zaslav is expected to remain in charge of the studio under Netflix's ownership. Regulators are expected to scrutinize the merger over antitrust issues, but if approved, it would expand Netflix’s influence across film, television, and streaming. (Financial Times | New York Times | CNN | Reuters | BBC | Bloomberg)

#2- Australia kicks off the world’s first social media ban: Australia is rolling out the world’s first social media ban for anyone under 16 years of age, with Meta already deactivating hundreds of thousands of teen accounts on Instagram, Facebook, and Threads ahead of the 10 December deadline. The ban will make it illegal for anyone under 16 years old to hold accounts on major platforms, including TikTok, YouTube, Snapchat, Reddit, and X, with companies facing fines of up to AUD 49.5 mn (c. USD 33 mn) if they fail to comply. (BBC | Reuters | Guardian | Washington Post)

CIRCLE YOUR CALENDAR-

The Northern Borders Investment Forum 2025 will launch on 15 December at the Ministry of Interior Staff Club in Arar. The forum will bring together ministers, officials, and business leaders to highlight the region’s economic potential, present over 240 investment prospects valued at SAR 40 bn across livestock, mining, energy, tourism, environment, and logistics, and strengthen public-private partnerships.

World Bank ups our growth forecast in 2025

The World Bank revised Saudi Arabia’s 2025 growth forecast upwards, expecting our GDP to grow 3.8% this year, according to the latest Gulf Economic Update (pdf). This marks a 0.5% increase from the bank’s previous forecast in October.

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Oil still makes and breaks the budget: The healthy increase in non-oil revenues was not enough to offset the decline in oil revenues in 1H 2025. “Despite making strides in diversifying its sources of fiscal revenues, Saudi Arabia remains dependent on oil receipts requiring further structural reforms,” the World Bank said.

The bank expects the deficit to remain at 3.8% of GDP until 2027, higher than the 3.3% penciled in by the finance ministry for FY 2026, on the back of expansionary spending and lower oil prices. Meanwhile, the current account is projected to log a surplus in 2026-2027, supported by increased oil output.

The current account balance showed signs of recovery after weakening for several quarters, stabilizing at a small surplus of 0.5% of GDP in the first quarter of the year.

IN CONTEXT- Our deficit is estimated to balloon this year to SAR 245 bn (5.3% of GDP). The Kingdom tapped global capital markets to plug the deficit, capitalizing on low debt levels and recent Fed interest rate cuts. Debt reached 32% of GDP by the end of September, with USD 20 bn borrowed since the year began, according to the report.

Even more next year? Goldman Sachs expects the Kingdom to issue a record USD 25 bn in international debt instruments in 2026, up from USD 20 bn this year, Asharq Business reported on Friday. This trajectory will keep Saudi Arabia’s lead as the largest sovereign debt issuer in emerging markets. Goldman also expects local borrowing to reach USD 75 bn, with the debt-to-GDP ratio inching further up toward 44% by 2028.

The Kingdom’s fiscal planning is built on an oil price range of USD 60-63 per barrel, Goldman said, leading to a fiscal deficit of SAR 165 bn in 2026 as per the Finance Ministry estimates. Meanwhile, Riyad Bank’s chief economist Naif Al Gaith put the oil price needed to balance Saudi’s budget at USD 85 / bbl, according to Al Arabiya.

Opec+’s new capacity audit, explained

Opec+ has recently approved a significant overhaul to its quota system in years — a move that could reshape alliances inside the group, trigger a new wave of upstream spending, and reset who gets to pump what from 2027 onward. The decision centers on a new baseline calculation mechanism and a multi-stage audit that aims to tie future quotas to what each country can actually produce.

This is Opec+ trying to fix a credibility problem years in the making, including widening gaps between official quotas and actual production, persistent overpumping by some members, chronic underdelivery by others, and tensions around how capacity is measured.

What’s new? The cartel agreed to use a new methodology to set members’ baselines, set to become the foundation for future quotas. Between January and September, 19 out of the 22 Opec+ members will undergo a technical review covering each country’s oilfields and infrastructure to determine the volume that can be brought online within 90 days and sustained for one full year — what the group calls a country's “maximum sustainable capacity,” Bloomberg reports, citing one of the group’s delegates.

Once each country’s capacity is assessed, the group will assign a quota that represents an equal percentage of capacity for every member. Members’ capacities will then be formally approved in an Opec+ meeting in November, where quotas for 2027 will be set. The process will be repeated annually.

A familiar face will reportedly conduct the audit: Dallas-based firm DeGolyer and MacNaughton — the petroleum consultancy that audited Aramco’s reserves ahead of its IPO — will conduct the audit, the business news service added.

…but not for everyone: Russia, Venezuela, and Iran objected to the external auditor due to the ongoing tensions and sanctions with the US. A yet-to-be-named Indian firm will reportedly audit Russia and Venezuela, while Iran chose to use its average production for August, September, and October as its baseline, according to Bloomberg.

Why does this matter now? Because quotas no longer align with reality. Many Opec+ producers simply can’t hit their targets, while a few can pump far more than their assigned limits. Twelve of the 18 members with quotas were producing below target in October, Reuters reported, citing data from Platts.

The new method is designed to stop the cycle of non-compliance and improve market signaling. Energy Minister Prince Abdulaziz bin Salman has recently said that the system will “stabilize markets and reward those who invest in production.”

BUT- The group has a long history of struggling to enforce discipline: Members have spent years "flagrantly exceeding production quotas,” while Saudi Arabia — the bloc’s de facto leader — struggled to impose order, Ron Bousso wrote in a Reuters column. The reform is supposed to reset expectations, reduce non-compliance, and offer a transparent explanation for quota allocations.

Rewarding the Gulf — and raising the bar for everyone else: The new baseline formula directly benefits countries that can ramp up quickly, cheaply, and reliably, clearly favoring Saudi Arabia, the UAE, and Kuwait — the lowest-cost producers in the group, Bousso said.

The figures speak for themselves: Saudi’s production capacity stands at 12 mn bbl / d, while its spare capacity reached 2.2 mn bbl / d in October — 60% of total Opec+ spare capacity, Bousso wrote, citing IEA data. Aramco extracts oil at USD 2 a barrel, one of the lowest rates in the world.

By contrast, members whose production relies on costlier reservoirs or offshore fields — notably Nigeria and Kazakhstan — are disadvantaged because boosting capacity requires more investment and longer timelines, Bousso said. Sanctioned producers also face obvious headwinds, as they cannot easily grow capacity due to restrictions on equipment, technology, financing, and even exporting.

Expect a wave of upstream investment — especially from the Gulf — as countries try to lift capacity ahead of the audits, Bousso notes. Gulf states, in particular, are already “looking beyond near-term oversupply concerns” and remain unconcerned about future demand questions, Bousso adds. The logic is simple: if your future quota is a percentage of your verified capacity, and that capacity gets locked in for 2027 and reviewed annually, you start investing now.

This fits the group’s long-term goal: Opec wants to regain market share after losing ground to rising non-Opec production and US shale — more capacity inside the bloc supports that.

ALSO- Positive implications for energy transition? When there’s a realistic, independently verified view of fossil fuel availability and spare capacity, it becomes easier to integrate renewables into long-term strategy and plan buildout without second-guessing supply risks, Mona Dajani, global co-chair of Energy, Infrastructure, and Hydrogen at Baker Botts, said in a post on LinkedIn.

BUT- The system still has weaknesses: Members — like Kazakhstan and the UAE — can still overproduce, as they did in recent years. Audits don’t automatically guarantee compliance, Reuters notes. Countries unable to grow capacity because of sanctions, conflict, or geological limitations will also lose market share relative to Gulf producers, which can create internal friction (A previous capacity review in 2023 led Angola to quit Opec entirely).

REMEMBER- No production hikes for 1Q 2026: Opec+ agreed to keep oil output quotas unchanged for the first quarter of 2026 in its meetings earlier this week. The decision keeps 3.24 mn bbl / d of production cuts in place, representing some 3% of global demand.

Propeller launches AI-focused USD 50 mn fund for MENA startups

Propeller launches Fund III: Jordan-based venture capital firm Propeller — with operations in Amman, Riyadh, Boston, and Silicon Valley — launched a USD 50 mn Fund III, targeting software startups building AI infrastructure and AI-native applications, it said in a press release (pdf). The fund aims to connect MENA founders with US markets and link US AI startups to large-scale infrastructure projects in the Middle East, including Saudi Arabia.

Focus on MENA founders with global ambitions: Propeller will prioritize MENA founders with global go-to-market strategies and scalable business models. The new fund has already invested in five companies this year — Codemod, Netpreme, Stealthium, Pebble, and Ciphero AI — all of which operate in or sell to the US market.

Propeller backed more than 30 startups through its first two funds, including homegrown Maqsam, Jordan’s POSRocket, London-based Clarity (formerly Anecdote), ActivePieces, OpenCX, Corgea, and Hounddog.ai. The funds are supported by the Saudi Venture Capital Company and Jordan’s Innovative Startups and SMEs Fund.

About Propeller: Founded in 2017, Propeller is a global venture capital firm that invests in Seed to Pre-Series A startups developing horizontal AI infrastructure, AI-native applications, developer tools, and core software systems — spanning silicon-adjacent technologies to enterprise workflows.

Nabt raises USD 3.4 mn in seed extension round

Homegrown agritech Nabt closed a USD 3.4 mn Seed Extension round led by SHG Group, with participation from Merak Capital and angel investors, bringing the company’s total funding to USD 5 mn (SAR 18.8 mn), according to a press release. The funding agreement was finalized during the annual Sunbola program event organized by the Environment, Water, and Agriculture Ministry.

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Use of proceeds: Nabt will use the fresh funds to expand its fulfillment network beyond Riyadh into major Saudi cities, broaden its fresh-produce portfolio, grow its nationwide customer base, and strengthen its operational infrastructure — ultimately improving market access for farmers across the Kingdom.

REMEMBER- Nabt raised SAR 5.6 mn in a seed funding round led by Merak Capital with unnamed angel investors in October 2024. The funding was geared toward fast-tracking product development and expanding its market presence.

About Nabt: Founded in 2022 by Abdullah Alotaibi (LinkedIn), Nabt is a B2B marketplace that links farmers directly with commercial buyers through a hybrid model combining physical logistics and digital trading. Its Riyadh warehouse hub handles sorting, grading, packaging, and cold-chain operations. Meanwhile, its digital platforms — Nabt Online Auction for large-scale trading and Nabt Intel for real-time pricing and demand insights — support efficient, data-driven transactions.

IN OTHER STARTUP NEWS-

Egypt-born, Saudi-based social e-commerce platform Taager entered the Moroccan market, launching operations in Casablanca as part of its regional MENA growth plan, according to a press release. The move targets Morocco’s growing e-commerce market, where Taager aims to make online selling more accessible for young entrepreneurs.

This marks the company’s first expansion into North Africa, following its presence in Egypt, Saudi Arabia, and the UAE.

REMEMBER- Back in February, the firm raised USD 6.8 mn in a pre-Series B funding round, led by Africa-focused tech growth fund Norrsken22, to expand further in the Middle East and integrate AI sales agents into its platform.

About Taager: Founded in 2019 by Abdelrahman Sherief (LinkedIn), Ahmed Ismail (LinkedIn), Ismail Omar, and Mohammed Elhorishy, the company provides an end-to-end platform for social e-commerce sellers in MENA, offering services to help sellers scale up their businesses, including product sourcing, logistics, pricing, and marketing optimization.

Almarai appoints Fawaz Al Jasser as CEO

Almarai named Fawaz bin Mohammed Al Jasser (LinkedIn) as its CEO, effective Friday, 16 January, it said in a disclosure to Tadawul. Al Jasser has nearly 20 years of experience at Almarai, holding leadership roles across its bakery, seafood, and human resources divisions. He also served as general manager of Almarai subsidiary Teeba in Jordan, managed the Food Industries Polytechnic training institution, and was CEO of Naqua.

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KEC, Archipelago to build 2.5k-key mega hotel

REAL ESTATE-

Knowledge Economic City (KEC) embarked on a new JV with Indonesia’s ArchipelagoInternational to develop a 2.5k-key mega hotel project within Madinah Gate, according to a press release. The JV will also set up a dedicated hospitality management firm to operate hotels and other hospitality assets across KEC’s destinations. The project will serve as the launch platform for a new Saudi hotel brand, with financial details and timelines currently undisclosed.

REMEMBER- KEC kicked off work on phase one of Madinah Gate last year with initial investments worth SAR 600 mn.

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INVESTMENT WATCH-

PIF-backed SBIC partners with Mumtalakat for strategic investments in Bahrain: The Saudi-Bahraini Investment Company (SBIC) signed a joint investment agreement with Bahrain’s sovereign wealth fund Mumtalakat Holding Company to expand cooperation and explore new potential investments in Bahrain, subject to due diligence, according to a press release.

The details: The pact establishes a joint investment program across technology, media and telecom, financial services, education, logistics, advanced construction materials, manufacturing, infrastructure, aerospace, and real estate, focusing on both existing companies with growth potential and new project launches.

M&A WATCH-

Gas Arabian Services completes transfer of stakes in EBKSA and TCR: Gas Arabian Services Company finalized the transfer and registration of its minority stakes in EagleBurgmann Saudi Arabia (12.9%) and TCR Arabia (40%) after securing all the required regulatory approvals, according to a disclosure to Tadawul.

REMEMBER-The comes after binding agreements were signed in November where GAS agreed to acquire the stakes from its major shareholder, Future Prospects for Operation and Maintenance, for SAR 48.7 mn (EBKSA) and SAR 17.1 mn (TCR Arabia). Both stakes are being purchased at a 15% discount to their valuations. Gas will finance the transactions internally.

IPO WATCH-

Mayar Holding is gearing up for an IPO of its subsidiary Ziorak, appointing MEFIC Capital as financial advisor to arrange its potential listing on the Nomu parallel market, it said in a disclosure to Tadawul.

Inheritance is now the biggest source of new b'naire wealth

B’naire heirs inherited more wealth in 2025 than in any previous year, with USD 298 bn passed on to spouses and children in the year to April, the highest figure since records began, according to UBS’ B’naire Ambitions Report 2025 (pdf). The wealth transfer also marks a 36% y-o-y increase as 91 individuals became b’naires through inheritance.

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UBS expects this trend to accelerate, with USD 5.9 tn set to exchange hands over the next 15 years. The US will account for almost half of the expected flow of capital, with Western Europe, India, and Greater China also set for strong contributions. Meanwhile, some USD 152.7 bn is expected to exchange hands in the Middle East and Africa by 2040, largely to heirs in the UAE, Saudi Arabia, Israel, and South Africa, the report estimates.

This year, the Americas saw the biggest growth in b’naire wealth, up 15.5% to USD 7.5 tn, while Asia-Pacific saw an 11.1% increase; EMEA lagged slightly on the back of stunted growth in Europe, though it still saw b’naire wealth rise 10.4% to USD 4.1 tn.

B’naires — especially younger ones — are increasingly mobile, with an exodus expected from traditional wealth hubs like Switzerland, which harbors an estimated USD 206 bn set for transfer, on the back of a possible 50% levy on inheritances above USD 62 mn. The UK has also been seeing a significant number of high-net-worth individuals leave their home country for more tax-friendly alternatives.

The UAE, Singapore, and the US are now among the preferred destinations for wealthy individuals, 36% of whom have recently relocated, with quality of life, taxation, and geopolitical climate cited as key decision factors, the report said.

Self-made wealth is also on the rise, with some 196 new self-made b’naires emerging this year — the highest since 2021 — with growth led by US tech, China consumer sectors, and Asian crypto and software.

Total b'naire net worth reached USD 15.8 tn, up around 13% y-o-y, with new b’naires adding USD 137.2 bn, outpacing existing b’naires.

While tech b’naire wealth rose 23.8% to USD 3 tn, industrials grew faster, up 27.1% to USD 1.7 tn, supported by SpaceX valuation gains and EV supply chains. Consumer and retail wealth showed 5.3% growth, as the European market cooled and Chinese brands captured market share.

Where are b’naires investing their money next year? Some 42% of b’naires plan to increase allocations to EM equities, 35% are looking toward infrastructure, 49% are eyeing direct private equity, and 32% are set to invest more in gold or precious metals. North America remains the top return market (63%), but half of those surveyed see Asia-Pacific and Greater China as becoming the most attractive destinations.

TASI	10,626	+0.5% (YTD: -11.7%)
MSCI Tadawul 30	1,393	+0.5% (YTD: -7.7%)
NomuC	23,914	+0.4% (YTD: -24.0%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.5% repo	4.0% reverse repo
EGX30	41,499	+0.4% (YTD: +39.5%)
ADX	9,951	+0.4% (YTD: +5.7%)
DFM	5,984	+0.9% (YTD: +16.0%)
S&P 500	6,870	+0.2% (YTD: +16.8%)
FTSE 100	9,667	-0.5% (YTD: +18.3%)
Euro Stoxx 50	5,724	+0.1% (YTD: +16.9%)
Brent crude	USD 63.75	+0.8%
Natural gas (Nymex)	USD 5.29	+4.5%
Gold	USD 4,243	0.0%
BTC	USD 89,390	0.0% (YTD: -4.5%)
Sukuk/bond market index	918.96	0.0% (YTD: +1.9%)
S&P MENA Bond & Sukuk	151.89	0.0% (YTD: +8.5%)
VIX (Volatility Index)	15.41	-2.3% (YTD: -11.2%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.5% on Thursday on turnover of SAR 4.5 bn. The index is down 11.7% YTD.

In the green: Cherry (+10.0%), Abo Moati (+7.7%), and Maharah (+6.3%).

In the red: Dallah Health (-2.8%), Walaa (-2.1%), and Obeikan Glass (-2.1%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.4% on Thursday on turnover of SAR 14.9 mn. The index is down 24.0% YTD.

In the green: Altwijri (+14.4%), Alrasheed (+12.7%), and Sign World (+10.0%).

In the red: Alfakhera (-6.8%), Naba Alsaha (-5.4%), and Taqat (-4.3%)

CALENDAR

NOVEMBER

30 November -11 December (Sunday-Thursday): The Absher Tuwaiq Hakathon (remote).

DECEMBER

7 December (Sunday): Beginning of real estate registration for 253.2k properties in 499 neighborhoods across Riyadh, Qassim, Makkah, and Hail.

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

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

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

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

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

11 December (Thursday): Public school holiday.

11-13 December (Thursday - Saturday): The Absher Tuwaiq Hakathon (in-person).

15 December (Monday): The Northern Borders Investment Forum 2025, Ministry of Interior Staff Club, Arar

15-17 December (Monday-Wednesday): Host Arabia, Riyadh Front Exhibition and Conference Center.

15-17 December (Monday-Wednesday): Saudi HORECA, Riyadh Front Exhibition and Conference Center.

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

19 December (Friday): The 2025 Saudi Toyota Championship wraps up.

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.

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.

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.

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.

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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