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The Impressive New Cranes Custom Built to Make the World’s Tallest Building in Saudi Arabia
A video posted to YouTube shows the impressive array and implementation strategy for the custom cranes that will build the world’s tallest building in Jeddah, Saudi Arabia. The Kingdom Tower Jeddah is set to be the world’s tallest skyscraper when construction is completed, soaring up to 1 KM (almost 3,300 feet). The original design was to be one-mile-high […]
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PIF $2.7b Bet on Entertainment an Investment Toward a ‘Vibrant Saudi Society’
Saudi Arabia’s Public Investment Fund (PIF) announced on September 20 that it is setting up a new company to invest in the entertainment sector, as the Kingdom looks to achieve a more vibrant society – a stated goal of Saudi Arabia’s Vision 2030. The company, which will have $2.67 billion in initial capital to invest, will seek […]
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Third Monthly Issue of Domestic Sukuk Raises $1.9 Billion, Finance Ministry Says
Saudi Arabia’s finance ministry issued 7 billion riyals ($1.9 billion) of Islamic bonds in its third monthly issue of domestic sukuk, the ministry said Monday. Reuters reports the issue comprised 2.4 billion riyals ($640 million) of five-year sukuk, 3.9 billion riyals ($1.04 billion) of seven-year and 0.7 billion riyals ($190 million) of 10-year sukuk. Bids for […]
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Conflicting Reports on Delay of Saudi Aramco IPO ‘By a Few Months’ as Key Decisions Remain
Bloomberg reported Wednesday that Saudi Aramco is “preparing contingency plans for a possible delay” to the initial public offering of its state-owned oil company “by a few months into 2019,” citing people familiar with the matter. The offering of part of Saudi Aramco is the most visible of the key pieces of the Kingdom’s Vision 2030 economic and social reform […]
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Ambassador Prince Khaled bin Salman Phones Tex. Gov Abbott to Express Saudi Support after Harvey as Students Pitch In
Saudi Arabia’s Ambassador to the United States Prince Khaled bin Salman telephoned Texas Governor Greg Abbott to confirm that Saudi Arabia supports the American people following the disaster of Hurricane Harvey. Harvey, which flooded many parts of Texas and Louisiana and caused dozens of deaths and billions in damage, was one of the worst storms to […]
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New Saudi Ambassador Prince Khaled bin Salman Gives Interview to Washington Post
Saudi Arabia’s new ambassador to Washington Prince Khaled bin Salman, son of the current king and the brother of the new crown prince, gave an interview to the Washington Post‘s Lally Weymouth last week which appeared in the newspaper today. The interview is his first as ambassador, having presented his credentials to President Trump on […]
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Saudi, UAE Crown Princes Forged Friendship on Overnight Camping Trip in the Saudi Desert Last Year, WSJ Report Says
Saudi Arabia’s Crown Prince Mohammed bin Salman and the Crown Prince of the UAE Sheikh Mohammed bin Zayed took an overnight camping trip in the Saudi desert together 18 months ago, forging a friendship that would prove to be pivotal as the two nations build on relations to take on regional challenges, the Wall Street Journal […]
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With Riyadh Metro Progressing, Bechtel Eyes Mining Sector Growth as Saudi Arabia Diversifies
Bechtel, the construction company behind some of the world’s largest and most impressive megaprojects, is eyeing growth in Saudi Arabia’s mining and minerals sector, according to reports and quotes by the company’s Saudi Arabia country manager. “Mining and metals is something that is of extreme interest to us,” said Abdulrahman Al Ghabban, who was appointed […]
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Iraq’s Moqtada al-Sadr Visits Jeddah, Meets with Crown Prince Mohammed bin Salman
Iraq’s influential Shi’ite cleric Moqtada al-Sadr made a rare visit to Saudi Arabia on Sunday, where he met the Saudi crown prince and other officials, according to the SPA and Reuters. It is the first visit by the powerful anti-American Shi’ite cleric in 11 years. Al-Sadr is the leader of the Sadrist Movement and the leader of Saraya […]
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President Trump Approves Credentials of New Saudi Ambassador to the U.S. Prince Khaled bin Salman
US President Donald Trump received at the White House on Friday newly appointed Saudi ambassador Prince Khaled bin Salman bin Abdulaziz to approve his credentials as an official diplomat to Washington. Prince Khaled is the 10th Ambassador of Saudi Arabia to the US since 1945. According to the London-based Saudi newspaper Asharq Alawsat, US political analysts believe […]
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Saudi Arabia issues royal decrees
Commander of the Joint Forces Lieutenant General Mutlaq bin Salem bin Mutlaq Al-Azima will retire from military service. He has been appointed as an advisor at the Royal Court
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Saudi Arabia changes senior military commanders
Saudi Arabia issued royal decrees announcing changes to the heads of its joint forces, navy and land forces, state news agency SPA reported on Thursday.The chief of general staff, Lieutenant-General Fayyad bin Hamed al-Ruwayli, was left in place. The next most senior military role, commander of the joint forces, will be taken by Lieutenant General Fahd bin Hamad bin Abdulaziz Al-Salman, who was promoted from a major general, the decree said.
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Saudi Arabia’s GEA unveils details for 5th edition of Riyadh Season
The fifth edition will also see the launch of a new area called “Boulevard Runway,” developed in partnership with Saudi Airlines, which will repurpose old, unused airplane models. Boulevard Runway will consist of three zones with a capacity of 9,000 people, spread across 140,000 square meters.
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Saudi Arabia announces $266m Boulevard Business Park as Riyadh creative hub
The project includes more than 60,000sq m of leasable space, offices and headquarters for companies, co-working zones for entrepreneurs, retail stores, concept stores for national and international brands, an outdoor art gallery, a gym, a spa, a suspended pool, and hanging gardens.
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Saudi Arabia’s Waba Crater Recognized Among Top 100 Geological Landmarks Worldwide
The Saudi Geological Survey (SGS) announced the selection and nomination of the Waba Crater, also known as the Tamiya Quarry or scientifically as the Al-Mar Volcano, located in Hurrat Khishb, about 270 km northeast of Jeddah, as one of the top 100 geological heritage sites in the world for 2024. This distinction was bestowed by the International Union of Geological Sciences (IUGS) and the United Nations Educational, Scientific, and Cultural Organization (UNESCO).
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AlUla Wellness Festival to return to Saudi Arabia’s ancient city with new experiences
The AlUla Wellness Festival will make its much-anticipated return to Saudi Arabia’s ancient city with a blend of community activities, wellness experiences and workshops that offer a comprehensive approach to wellness. Held from 17th October to 2nd November, the festival invites guests to take a “voyage within” and discover holistic renewal, self-reflection, healing, and immersion in nature.
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Red Sea Global Launches Saudi Arabia’s Second Water Aerodrome
Red Sea Global (RSG), the developer behind the regenerative tourism destinations The Red Sea and AMAALA, has secured its second operating license for a water aerodrome, this time for Shebara Resort at The Red Sea. “As owners of the Kingdom’s first seaplane airline and its only two water aerodromes up until now, we are firmly establishing ourselves as leaders within tourism and aviation. he added.
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Princess Haifa launches initiative to enhance tourism education and training
Deputy Minister of Tourism Princess Haifa bint Mohammed has launched a comprehensive institutional accreditation initiative aimed to elevate the standard of education and training in the tourism sector. Focus will be placed on boosting the effectiveness of educational programs and aligning them more closely with the needs of the labor market in the Kingdom’s tourism sector, according to a press release from the Ministry of Tourism.
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Riyadh Season 2024: A guide to all the new and expanded areas this season
Saudi Arabia’s General Entertainment (GEA) revealed the details of the fifth edition of Riyadh Season 2024, set to begin on October 12. The new season will feature 14 entertainment zones, 11 global championships, and 10 exhibitions and festivals. It is set to take place over an area exceeding 7.2 million square meters, GEA Chairman Turki Al Al-Sheikh said in a statement carried by the Saudi Press Agency (SPA). A total of 4,200 contracts with 2,100 companies, 95 percent of which are local, the chairman noted.
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Saudi banks’ T-bond investments fall to SAR 561.3B in July
Saudi banks’ investments in treasury bonds declined by about SAR 1.9 billion month-on-month (MoM) to SAR 561.3 billion in July, data from the Saudi Central Bank (SAMA) showed.
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