King Salman bin Abdulaziz Al Saud last month patronised the foundation stone-laying ceremony for the SR64-billion ($17 billion) Diriyah Gate Project.  The project aims to restore the historical area to its ancient glory in the 18th century in order for the site to become a local and international tourist destination.

Virgin Hyperloop One (VHO), the world’s leading hyperloop company, has announced the signing of a key agreement with the kingdom’s renowned King Abdullah University of Science and Technology (KAUST).

Al Akaria Saudi Real Estate Company, one of the largest publicly listed real estate developers on the Saudi stock exchange (Tadawul), is collaborating with Arabian Dream KSA to develop the world’s largest mixed-use entertainment and shopping centre development of its kind at Akaria’s Al Widyan site in Riyadh.

H+A Global, a multidisciplinary design firm specialising in healthcare, hospitality and residential design, said it has been signed up by Anfas Medical Care Health Group (AMCHG) to provide advisory, architecture, interior and landscape design services for its new wellness village project in Jeddah.

The Red Sea Development Company (TRSDC), the developer behind one of the world’s most ambitious tourism projects, has awarded a contract to Binyah, a leading Saudi contractor, to begin the construction of the coastal and inland connecting road links at the destination.