Saudi Arabia Expected to Take 35% Stake in Saudi Bin Laden Group: Reuters

The stake represents the total shares of SBG’s Chairman Bakr Bin Laden and his brothers Saleh and Saad, whom were all detained in an anti-corruption crackdown in November alongside numerous businessmen, officials ...

Egypt Allocates 1,000 Square Kilometers in South Sinai to Saudi’s NEOM

Egypt has allocated more than 1,000 square kilometers of land along the Red Sea in South Sinai to NEOM, a mega-city and business zone announced by Saudi Crown Prince Mohammed bin Salman at an international investm ...

Saudi Arabia to Invest USD 64 bn in the Entertainment Sector

Saudi Arabia plans to invest USD 64 bn in developing its entertainment sector over the next decade, Ahmed Bin Aqeel Al-Khatib, chairman of the Saudi General Entertainment Authority (GEA) said

Red House Real Estate Launches 1st Outlet Complex in KSA

Riyadh Outlet Village will comprise a traditional Saudi souq (marketplace) where Saudi designers and skilled artisans would display their products.

Saudi Arabia Awaits Proposals for Water Desalination Project

Saudi Arabia’s Water and Electricity Company (WEC) has issued a Request for Proposals (RFP) to invite pre-qualified companies in the private sector to participate in the Rabigh-3 Independent Water Project (Rabigh- ...

60 Saudi Companies Receive Licenses to Sell Housing Units Online

The Saudi Ministry of Housing has licensed 60 Saudi firms to sell land plots and housing units online through the Wafi platform as part of its plan to provide 480,000 housing units by 2020

Saudi Arabia to Implement USD 293 mn Infrastructure Projects

The Saudi government plans to spend SAR 1.1 bn (USD 293 mn) on major infrastructure projects including the implementation of 16,000 sanitary drainage connections to homes across the kingdom

Saudi Arabia Inaugurates SAR 800 mn Waterfront Project in Jeddah

Jeddah’s governor has inaugurated the Jeddah Waterfront Project during a grand opening ceremony led by Prince Khalid Al Faisal, the Emir of Makkah

Manazel Plans to Expand in Saudi Arabia

UAE's leading developer Manazel Real Estate plans to expand its business into the wider MENA markets

KSA Launches 21 New Infrastructure Projects

Saudi Arabia's King Salman bin Abdulaziz has launched new infrastructure development projects worth SAR 7 bn in the Madinah region.

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