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Riyadh
Demand lifts Saudi’s non-oil private sector growth to a seven-month high
The home market is driving the recovery, with firms hiring and building capacity for demand…
Saudi PMI climbs to a six-month high of 53.8 in August
Output rose at a seven-month high as domestic demand offset another drop in foreign orders
REGA leaves door open on more foreign-ownership zones, but won’t say when
REGA said that geographic zones for foreign real estate ownership can expand over time, while…
Riyad Bank doubles sukuk issuance size, Flynas lands first government travel agreement
The bank increased the offering to SAR 10 bn from an initial SAR 5 bn
Eastern province
Eastern Province launches Toray Membrane factory
The plant will produce 300k reverse osmosis membranes a year for water desalination.
Eastern Province partners with Thai investors for a Global City in Dammam
The project’s first phase is estimated to cost SAR 200 mn
Eastern Province lines up SAR 600 bn in new projects
Local and Thai contractors were tapped for the projects
Hafar Al Batin Investment Forum sees SAR 17 bn in agreements
The event saw the launch of a SAR 9 bn livestock city
Medinah
Gulf Coast Real Estate Development to break ground on Al Khafji coastal development this year
Plus: Alramz secures SAR 500 mn in financing from Al Rajhi
KEC puts another Madinah land parcel into partner-funded development
KEC is extending a model used across two other Madinah projects to monetize its land…
KEC extends partnership funding model to its SAR 7.5 bn Knowledge Gardens project
KEC is keeping equity and fees while Fourmen and BSF Capital bring the funding
KEC signs developer-funded agreement for its Multaqa Residences
Alrashid will finance, build, and sell the project, while KEC retains land ownership and shares…
Al Baha
OmniOps launches Saudi’s first sovereign AI platform Bunyan
ALSO- Roshn taps Singapore for AI and entrepreneurship real estate partnerships
Ardco exits Tanal JV, transfers 69.4% stake to Sumou Holding
AND- iOud inks a non-binding MoU to acquire Thannah Trading from Afaq Food Fund
Al Baha gets board sign-off for Elegant Centers acquisition
PLUS: Saudi’s first school for athletically gifted students
Jarir opens new location in Qatar
PLUS: Red Sea International subsidiary lands SAR 1.5 bn infrastructure contract
Qassim
PIF isn’t investing Dazn + Prince Faisal bin Farhan will be at next week’s BRICs summit
PLUS: PIF isn’t investing in Dazn
Saudi Electricity Company hits financial close on Taiba 1, Qassim 1 power plants. Plus: oil and gas, tourism and manufacturing
Saudi Electricity Company (SEC) | Acwa Power | Taiba 1 | Qassim 1 | Ades…
Mmm… steak
Some of the potential production will be earmarked for regional exports
Hail
Moonward bound Qosmosys sets Riyadh as mission control
PLUS: Bain & Company inaugurates new regional headquarters in King Abdullah Financial District
Qassim Cement is the new owner of Hail Cement
The transaction values Hail Cement at SAR 206 mn
The latest results from Hail Cement, Saudi Steel Pipe
SSP’s net income quadrupled y-o-y to SAR 217 mn
Tabuk
Al Suhaimi goes from Tadawul to Bahri
Bahri’s new board hints at a more aggressive growth playbook
Allied Cooperative Ins., Tabuk Agricultural Development appoint new heads
Abdulaziz Al Mushari was tapped as Allied Cooperative Ins. CEO and Abdullah Al Salhi as…
New appointments at four Tadawul-listed companies
Umm Al-Qura Cement | Alkobra Mining Company | Elm | Tabuk Agricultural Development
Juffali Automotive opens its largest Mercedes center. Plus: Infrastructure, agriculture, and debt
The Riyadh facility, dubbed Center for Tomorrow, spans over 21k sqm
'Aseer
Aseer is in the forefront of Saudi push to narrow regional economic gap
Unemployment in Aseer has fallen from 17% three years ago to 10.7% today
The Kingdom bets on Aseer’s cool peaks to lure tourists
Projects include the Seven Legends Resort
Najran
Najran rolls out new investments, Robotaxis to be deployed nationwide
Bids for a football field and kiosk are due by 20 August
Deutsche Bank gets RHQ license, Tawuniya’s Fitch outlook slips, Najran gets a leisure hub
Deutsche Bank makes Riyadh its Middle East base with regional headquarters license
More passenger capacity on Eastern, Northern train lines + A handful of loans
SAR to expand Eastern and Northern train lines Saudi Arabia Railways (SAR) kicked off the…
Najran Cement names Ataa Bakkar as interim CEO
Bakkar brings over 22 years of experience in the cement and building materials industries
Yanbu
THIS MORNING: A Greek Patriot battery intercepts drones over Yanbu?
Saudi and Iraq meet in Baghdad to head off cross-border drone attacks
Saudi’s sports sector is expected to reach SAR 85 bn by 2030
Plus: Yanbu crude loadings dropped to 3.5 mn bbl / d last week
Yanbu kicks off wind turbines production on 1 August
ALSO- Saudi Arabia + Mongolia to boost civil aviation cooperation
Saudi Arabia leads MENA VC funding in 1H 2025
Saudi Arabia ranked second among all EVM geographies, with USD 860 mn raised from 114…
Knowledge Economic City
Knowledge Economic City gets a new CEO ahead of foreign ownership play
Moath Alyahya previously served as AlRajhi United Real Estate’s CEO
Six Saudi firms join FTSE’s Global equity roster. PLUS: A new oil discovery with Kuwait
ALSO: MSCI hikes Aramco inclusion to 0.025%
2P renews SAR 265 mn Sharia-Compliant loan
ALSO: KEC secures SAR 150 mn Sharia-Compliant financing
IMC Opens SAR 168 mn medical complex in Makkah
PLUS: Knowledge Economic City lines up SAR 150 mn corporate facility from Saudi Investment Bank