Saudi Arabia’s Minister of Investment Khalid A Al Falih has announced an ambitious plan to expand the Riyadh Metro network in collaboration with several French companies, at a total investment of more than €20 billion ($21 billion), according to a LinkedIn Post by Mohammed AlQahtani, CEO of Saudi Arabia Holding Co.

Parsons Corporation, a leading provider of critical infrastructure services in Europe and the Middle East region, has announced that it has been awarded a three-year contract by the Royal Commission for Riyadh City (RCRC) in Saudi Arabia for programme management office (PMO) services on its main and ring roads programme.

Saudi Arabia’s National Water Company (NWC) has announced plans to implement water and sanitation projects worth SR11.6 billion ($3.2 billion) across the kingdom covering key regions such as Aseer, Qassim and Al Baha as part of the government’s utility infrastructure development plan.

Saudi Water Partnership Company (SWPC) has announced the prequalification of 41 global and regional firms for its independent water plant (IWP) projects and 53 firms for its independent sewage treatment plant (ISTP) projects.

Veolia, a leading provider of utility management solutions, has entered into a deal with the Saudi Investment Recycling Company (SIRC) in the waste sector.

The Jeddah Historic District Program, under the Ministry of Culture, has unveiled ‘Culture Square’, a landmark project designed to restore Historic Jeddah by establishing specialised centres dedicated to various artistic and cultural disciplines.

Neom, the sustainable development taking shape in the northwest of the kingdom, has signed a joint venture (JV) agreement with Samsung C&T Corporation, to unlock an initial investment of more than SR1.3 billion ($345 million) in construction robotics.

Roshn Group, Saudi Arabia’s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company, has broken ground on Almanar, its inaugural fully-integrated 33,000-unit residential community in Makkah.

Dar Global, the London-listed luxury real estate developer, has announced the launch of Trump Tower Jeddah, an SR2 billion ($531 million) architectural masterpiece being developed in partnership with the Trump Organization, thus bringing a new level of opulence and exclusivity to the Kingdom.

Aramco has signed a shareholders’ agreement with Linde and SLB, paving the way for development of a Carbon Capture and Storage (CCS) hub that is expected to become one of the largest globally.

Riyadh Development Company (ARDCO) said it has signed an agreement with Agility Logistics Parks (ALP) for the construction of a major warehousing facility in the kingdom at a total investment of SR227 million ($60.3 million).

Six new hotels will come up in the Knowledge Economic City (KEC) in Madinah following deals involving global hospitality majors Hilton and Marriott International. Hilton has signed an agreement with Al Gharaa International for Real Estate Development to open three hotels within the Islamic World District of KEC.

Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and Amaala, has announced the opening of its premium Desert Rock resort. Spanning 30,000 sq m of unspoiled land, it features a mix of pool villas, luxury suites as well as private retreats.