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  • How Saudi Arabia is unlocking the power of the blue economy

    Many of these huge projects focus on core fundamentals of the blue economy, namely regenerative tourism and maritime logistics. Amaala, which is part of Red Sea Global, and Sindalah which is part of NEOM, represent the largest regenerative tourism investments in the world and have the ambitious aim to go beyond environmental protection to enhance their natural assets. The scale of these ambitions requires massive investments in renewable energy, sustainable materials, innovative design, and ecosystem restoration.

  • How Saudi Arabia is unlocking the power of the blue economy

    Saudi’s coastline is the eighth largest community of coral reefs in the world, covering around 6,600 square kilometres, as well as 204 square kilometers of mangrove forests, and hundreds of kilometres of seagrass meadows. It is also home to more than 20 newly-discovered “blue holes” in the Red Sea.

  • Saudi Arabia to boost petrochemical industry with Basell deal

    A strategic partnership agreement was signed on Tuesday between Saudi Arabia’s petrochemical manufacturing company Alujain Corporation and Basell International Holdings, a subsidiary of LyondellBasell Industries, at the Ministry of Energy headquarters in Riyadh on Tuesday. The agreement, inked in the presence of Energy Minister Prince Abdulaziz bin Salman, outlines Basell’s acquisition of a 35 percent stake in the National Petrochemical Industrial Co. — still being developed by Alujain Corporation. And NATPET is working to build a petrochemical complex at a cost of around SR7.5 billion ($1.99 billion), the ministry said.

  • The speed of Jordan Henderson’s disillusionment reflects how great his regret must be

    Saudi Arabia had a proud history as a football nation long before its modern-day rulers began to harness the sport’s potential as part of a national and wider global strategy, but there is a difference between Fabinho playing for Al Ittihad, who attracted an average crowd of 40,453 en route to the league title last season, and Henderson playing in front of sparse crowds for Al Ettifaq.

  • Saudi Arabia very concerned about climate change and eager to set global standards, says envoy

    “We are a responsible actor in the global community and we don’t want to follow the standards, we want to set the standards for how countries should conduct themselves and what responsibilities they take on and what objectives they set, and what programs and initiatives they put in place domestically, regionally and internationally to help meet the challenge of climate change,” Adel Al-Jubeir said at the World Economic Forum in Davos.

  • Saudi Arabia’s Dammam Airport Handles Record 10.9 Million Passengers In 2023

    Dammam’s King Fahd International Airport (DMM) reported a record 16.2% annual increase in passenger traffic in 2023 to 10.9 million passengers, the highest since the airport’s inception. The recent surge in traffic aligns with the Saudi National Aviation Strategy’s objectives to achieve 330 million passengers and 4.5 million tonnes of cargo by 2030.

  • Saudi media company launches new podcast app

    Saudi-based media company Thmanyah has announced the launch of a new Arabic podcast app, Radio Thmanyah. The Radio Thmanyah application is dedicated to listening to Arabic and international podcast programmes. It will also allow creators to host their podcast show, promote it to their podcast listeners, and access monetisation opportunities. The application also introduces profiles for creators and social interactions with the content. Through the app users will be able to import their podcast libraries from existing platforms or search the catalogue for international and regional podcasts. The app will feature content from podcast shows like Funjan, Socrates, and Swalif Business, along with newsletters, and documentaries.

  • Government debt instruments set to debut on Saudi Exchange

    Saudi government-issued debt instruments worth SR5.17 billion ($1.37 billion) are set to be listed on the Kingdom’s stock exchange, following the latter’s approval of the Ministry of Finance’s request. The breakdown of this valuation includes two distinct offerings: the first, Issuance Number 10-01-2024, amounts to SR2.82 billion, and the second, Issuance Number 15-01-2024, is valued at SR2.35 billion. Saudi Exchange said in a statement that this approval is in accordance with the established listing rules, and the trading is scheduled to commence on Jan. 22, 2024.

  • Newcastle chairman faces £58m lawsuit for ‘carrying out’ malicious instructions

    Newcastle United’s chairman, Yasir al-Rumayyan, is facing a £58m lawsuit for allegedly “having carried out the instructions” of Saudi Arabia’s crown prince, Mohammad bin Salman, with “malicious intent”, it has been reported. The claims, which are said to be made in legal papers sent to Rumayyan at several locations, including at St James’ Park, also allege that he acted with the aim of “harming, silencing and ultimately destroying” the family of Dr Saad Aljabri, the kingdom’s former intelligence chief. According to the Athletic, the papers have asked a court for Rumayyan, who is also the chairman of LIV Golf, to be added to an existing case, and for a new claim to be brought against him and the others.

  • AlUla International Airport’s New Terminal, Saudi Arabia

    The Royal Commission for AlUla (RCU) launched the AlUla airport development project in August 2019. The first phase of the project was completed in the same year while the second phase was completed in July 2020, which increased the airport’s passenger handling capacity from 100,000 to 400,000 a year. In October 2023, the RCU unveiled its plans for the construction of a new airport terminal to increase the annual passenger capacity from 400,000 to six million while also enhancing the passenger experience with luxurious amenities and massive retail spaces.