QIDDIYA

Saudi Arabia in talks with ‘regional and global investors’ for Qiddiya, the Kingdom’s mega entertainment and sports city – report

Qiddiya
Saudi Arabia is in talks with regional and global investors for its first mega entertainment and sports city that’s being developed as part of the kingdom’s plans for life after oil.

Saudi Arabia

News, analysis, and more

Saudi Oil Policy

Saudi Arabia has been exporting more crude oil to China, less to the United States

Saudi Arabia’s crude oil production approached a four-year low in May 2019, averaging an estimated 9.9 million barrels per day (b/d), more than 1 million ...

 

Saudi Aramco

How Big is Saudi Aramco?

Even if you took every company mentioned so far – BP, Royal Dutch Shell, ExxonMobil, Chevron, Total, ENI, EOG, Occidental, Anadarko, Devon and ConocoPhillips – ...

 

Investment

INTERVIEW: SoftBank Vision Fund stands shoulder to shoulder with Saudi Arabia — CEO Rajeev Misra

In the course of a rapid-fire interview at Vision Fund’s headquarters in Mayfair, still the swanky capital of the private equity industry in London despite ...

 

Construction

Saudi construction market investments hit $63.5bn in Q2

Saudi Arabia is the first largest construction market in the GCC with total investments of $63.5 billion in the second quarter of 2019, according to ...

 

Economy

Saudi consumer prices fall in June but deflation eases

Saudi Arabia’s consumer prices fell in June from a year earlier for the sixth month in a row, but the consumer price index (CPI) rose ...

 

Qiddiya

Saudi Arabia in Talks With Investors on Mega Entertainment City

The company is looking at options such as joint ventures, land leasing and privatization to fund the project, Reininger said. Funds from investors “will be ...

 

Virgin Hyperloop One

Huge hyperloop test track to be built in Saudi Arabia

In July 2017, Virgin Hyperloop One became the first (and so far, only) company to demonstrate the technology at scale. The company accelerated a pod ...

 

Housing and Real Estate

Saudi housing market shows signs of bottoming out

House prices continued to fall in Saudi Arabia’s main cities during the first half of the year but transaction volumes rose sharply, indicating the market ...

 

Saudi-India

Saudi Plan To Get Stake In India’s Largest Company Hits A Snag

Discussions between India’s largest company, Reliance Industries, and Aramco, the world’s single biggest oil producing firm, have hit a stumbling block as the Indians want ...

 

Ma'aden

Saudi Maaden Seeks to Acquire Meridian Fertilizer Group

Commenting on the results, Maaden President and CEO Darren Davis said: “The second quarter of 2019 showed further weakness in our core commodities, phosphate, and ...

 

Desalination

Saudi invention holds immense promise for a water-scarce world

Researchers at the university’s Water Desalination and Reuse Center in Jeddah say they have developed a technology that uses waste heat recovered from solar panels ...

 

UK Newspapers

UK criticises Saudi purchase of newspaper stakes in court

The UK government has attacked as “unconventional, complex and clandestine” a Saudi investor’s purchase of large stakes in the companies that publish The Independent and ...

 

Archaeology

Saudi female archaeologist goes back to the future with career ambitions

Najlah Salman Al-Saeer, one of Saudi Arabia’s top emerging female archaeologists, talks about her journey into the past and her career ambitions for the future. A ...

 

Film

Saudi director’s film ‘Scales’ heads to Venice Film Fest

Saudi Arabian director Shahad Ameen’s first feature film ‘Scales’ (Sayidat Al Bahr) will premiere at the 76th Venice International Film Festival, which kicks off next ...

 

Saudi +

Regional and related topics

China Foreign Policy

China says US ‘power politics’ undermines global stability

China on Wednesday accused the United States of undermining global stability with unilateral policies and “power politics” as the Defense Ministry issued the first comprehensive ...

 

Strait of Hormuz

Iran’s Oil Tanker Gambit Has Nowhere to Go

If anything, the Iranians are about to find out that their maritime adventurism has mostly irritated the world instead of intimidating it. ...

 

ME M&A

Middle East M&A deals spike in H1 2019

The value of announced deals with disclosed value in the Middle East and North Africa (MENA) region increased by 220.8 per cent to $115.5b in ...

 

U.S.-Iran

U.S. Warship ‘May Have’ Brought Down A 2nd Iranian Drone, General Says

Defense Department officials also said that in addition to the unmanned aircraft, the USS Boxer was forced to contend with at least one Iranian helicopter ...

 

U.S.-Pakistan

Reset With Unpopular U.S. May Be Tough Sell in Pakistan

However, a purely political "reset" may be a somewhat tough sell for Khan at home in Pakistan, where approval of U.S. leadership -- while never ...

 

Trump Peace Plan

Trump’s Middle East envoy faces resistance at U.N. Security Council

A plan for peace between Israel and the Palestinians cannot rely on global consensus, inconclusive international law and “unclear” United Nations resolutions, U.S. President Donald ...

 

Indonesia

Jokowi Courts Softbank, Saudi Prince in Pursuit of Investment

Indonesia runs a current-account deficit, which makes it reliant on inflows from abroad. So far, it’s lagging most of its peers in the region in ...

 

Yemen Civil War

U.N. says war in Yemen is ’eminently resolvable’

“I believe that this war in Yemen is eminently resolvable,” Griffiths told reporters in Geneva. “Both parties continue to insist that they want a political solution ...

 

India

India denies that Trump was invited to mediate Kashmir conflict

Raveesh Kumar, spokesman for India's Ministry of External Affairs, tweeted late Monday that "no such request has been made" by Indian Prime Minister Narendra Modi. ...

 

Syria

Syrian state media says Israel carried out airstrikes in country’s south

An Israeli missile attack targeted Syrian military positions held by the government and its allies early on Wednesday, Syria's state news agency said. The missiles were ...

 

U.S.-Israel

House overwhelmingly OKs resolution opposing Israel boycott in rare bipartisan vote

The House of Representatives overwhelmingly approved a bipartisan resolution Tuesday opposing an international effort to boycott Israel as Democrats try to tamp down increasingly heated political ...

 

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