Saudi Arabia Launches Six-Point Action Plan to Combat Pandemic
The Business extension of the G20 Presidency, B20 Saudi Arabia, announced a six-point action plan developed to mitigate the economic impact...
Air Products, ACWA Power and NEOM Sign Agreement for $5 Billion Green Hydrogen Project
Air Products has signed an agreement with ACWA Power and NEOM to develop a $5 billion green hydrogen-based ammonia production facility powered...
Saudi Arabia Announces $800 Billion Plan to Transform Riyadh as Emerging Cultural Hub
H.E. Fahd Al-Rasheed, President of the Royal Commission for the City of Riyadh, announced an $800 billion plan to transform...
King Salman Extends Initiatives to Support Private Sector during Pandemic
Aiming to mitigate the economic fallout on the private sector due to the COVID-19 pandemic, H.M. King Salman has issued a royal...
Work Begins on Phase One of the Diriyah Gate Project
Saudi Arabia’s mega-project, Diriyah Gate, begins phase one of the $20 billion project, as announced by the Diriyah Gate Development...
G20 Global Partnership for Financial Inclusion Promote Financial Inclusion for Youth, Women, and SMEs
The G20 Global Partnership for Financial Inclusion (GPFI) concluded a two-day meeting on June 26 to finalize the G20 High-Level...
Raytheon Wins $2.27 Billion Contract for Saudi Arabia
Raytheon Technologies was awarded a $2.27 billion contract to supply seven gallium nitride based transportable surveillance radars to Saudi Arabia...
Foreign Investment into Saudi Arabia Up 7% to $4.6 Billion
According to the annual report by the UN Conference on Trade and Development (UNCTAD), foreign direct investment flows to Saudi...
National Commercial Bank and Samba Sign Framework Agreement for Potential Merger
The National Commercial Bank (NCB), Saudi Arabia’s largest bank by assets, entered a framework agreement on June 25 with Samba...
Sadara and Sipchem Join Forces on Ethanol Production to Support Saudi Arabia’s Fight Against COVID-19
Sadara Chemical Company (Sadara) and Sahara International Pertrochemical Company (Sipchem) are collaborating to produce a total of 100,000 kilograms of...