Saudi Arabia’s Public Investment Fund (PIF) launched two companies last month – Ardara and Al Balad Development Company (BDC) – to spearhead its ambitions to position the country as a cultural and tourism destination.
Saudi Arabia has launched the masterplan for the new Abha International Airport, increasing the passenger capacity to over 13 million annually, a tenfold increase from the current 1.5 million capacity.
Roshn Group, a PIF-backed Saudi giga project and a leader in real estate development, has broken ground at Warefa, a mixed-use community project in Riyadh, marking another significant milestone in the group’s journey to redefine urban living. It has also launched sales for the residential community.
Saudi Power Procurement Company (SPPC) has announced the winning bidders for four of its key conventional independent power plant (IPP) projects – Taiba-1, Taiba-2, Qassim-1, and Qassim-2 – being set up in the kingdom at an investment of nearly SR29 billion ($7.8 billion). These projects, which boast a total of 7.
Red Sea Global (RSG) has unveiled a new private island destination Thuwal Private Retreat, an exclusive, buy-out only island destination which will welcome its guests next year.
Saudi sovereign wealth fund PIF has announced that its key hospitality unit, Boutique Group, has appointed the lead architect and interior designer for a landmark project that aims to transform a historic royal palace into an ultra-luxury hotel in Riyadh.
Othman Abdul Rahman Al-Usaimi Holding group, widely known as Al-Usaimi Steel Co, a veteran in Saudi Arabia’s steel manufacturing sector, has expanded its capabilities by establishing a new general construction division.
Saudi Arabia has announced a roadmap to achieve its ambitious greening target of growing 10 billion trees under the Saudi Green Initiative, a project spearheaded by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Higher Committee for the Saudi Green Initiative.
JuffaliTrucks, a subsidiary of Juffali Commercial Vehicles (JCV) specialising in pre-owned trucks, trailers and applications, has expanded its service scope significantly since its launch five years ago, now offering a broad range of solutions across the Central, Eastern and Western regions of Saudi Arabia.
