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  • Saudi Pro League to focus on younger signings, homegrown talent

    The Saudi Pro League is encouraging its clubs to foster homegrown talent and switch focus to wooing promising young internationals after making headlines for big name signings for huge money, a document outlining plans for the new season said. The league signed 97 foreign players last season and boasts 39-year-old global soccer superstar Cristiano Ronaldo and 32-year-old Brazil forward Neymar among other household names.

  • Saudi Prince’s Trillion-Dollar Makeover Faces Funding Cutbacks

    A government committee led by the de facto Saudi ruler, Crown Prince Mohammed Bin Salman, is close to completing a sweeping review of mega projects including the sprawling desert development known as Neom, people familiar with the matter said, asking not to be identified as the information is private.

  • Why Saudi Tourism’s Future Depends on Strong Private Sector Partnerships

    While Saudi’s tourism industry is currently keeping pace, it requires significant efforts to reach these future goals. Many of its new destinations are still developing their travel infrastructure or catering to niche markets. The country also faces the challenge of integrating these emerging markets into its existing tourism framework and effectively marketing them to attract the right visitors.

  • Saudi-Chinese partnership wins $2bn Diriyah deal

    Work will begin on a new mixed district at the Saudi giga-project Diriyah in the third quarter of 2024 after a SAR7.8 billion ($2 billion) construction contract, the largest yet, was awarded to a Chinese-Saudi partnership. Saudi contractor El Seif Engineering and China State Construction Engineering will build the district, which will contain educational institutions, cultural venues, offices and a luxury hotel in the northern part of Diriyah, the official Saudi Press Agency said. “This represents a major step in our accelerating development strategy and commitment to making Diriyah one of the most important and prominent tourist, humanitarian, and cultural destinations in the world,” Diriyah’s CEO, Jerry Inzerillo, said.

  • US ‘winding down’ Gaza pier operations

    U.S. Central Command yesterday announced that U.S. operators and others attempted to “re-anchor the temporary pier to the beach in Gaza to resume humanitarian operations. However, due to technical and weather-related issues, CENTCOM personnel were unable to re-anchor the pier to the shore … The pier and support vessels and equipment are returning to Ashdod where they will remain until further notice. A re-anchoring date has not been set.”

  • Saudia plane catches fire during landing at Peshawar airport; all passengers safe

    A Saudi Arabian Airlines aircraft caught fire while landing at Bacha Khan International Airport in Peshawar, Pakistan, on Thursday. Flight SV-792 was en route from Riyadh with 297 people on board. Saudi Arabian Airlines issued a statement confirming that all passengers were safely evacuated via inflatable emergency slides with no injuries reported. The aircraft is currently undergoing technical evaluation by specialists.

  • Lucid sees higher demand in Saudi Arabia, begins exports to UAE

    The demand for electric cars is increasing in Saudi Arabia, which is one of the company’s strongest markets in the world, due to the young generation’s awareness of the importance of sustainability and the efficiency, Faisal Sultan, Vice President and Managing Director of Lucid Group Middle East), told Argaam.

  • Is the Saudi POV different from the rest of the world?

    Contrary to the prevailing notion in other societies that culture is a barrier to innovation and economic progress, the Kingdom remains deeply entrenched in its culture and traditions while emerging as one of the fastest growing economies in the world, positioning itself as the new epicenter of global commerce. Saudi Arabia is young country with 63 per cent of its population being under 30 years old. The youth of the nation celebrate its culture, while driving the change from within.

  • Saudi Arabia ranks second best country for expats in key category in new survey

    In a surprising shift for expatriates, Saudi Arabia has emerged as the second-best country in the world for working abroad, according to the latest Expat Insider survey. The kingdom has made a significant leap from 14th place in 2023 to the runner-up position.

  • Saudi-European Investment Relations Enhance Global Economic Stability

    External financial bonds, including Eurobonds, constitute an important aspect of Saudi investments, experts told Asharq Al-Awsat. This came after the Ministry of Finance denied, on Tuesday, that the Kingdom had threatened to sell Eurobonds, according to a statement attributed to the ministry and reported by Bloomberg. The ministry stressed that Saudi relations with the G7 and other countries were based on mutual respect, pointing to ongoing discussions over matters that promote global growth and the flexibility of the international financial system.