The Mercedes AMG World of Performance will span 45,000 square metres across nine floors, with completion expected within this decade.
Saudi Arabia
Arcapita
King Abdullah Economic City, Arcapita partner to develop ESG-compliant warehousing in Saudi Arabia
The partnership will provide KAEC access to Arcapita’s global network of blue-chip tenants, attracting high-quality investors
acquisition
ACWA Power expands in Gulf with $693mn deal for Bahrain, Kuwait assets
Under the terms of the agreement, ACWA Power will acquire ENGIE’s shares in the four key operating assets
Brazil
Tanmiah, Vibra forge halal food alliance to boost Saudi-Brazil poultry trade
The partnership encompasses several avenues of collaboration, including potential investment in the processing business and the creation of a global Halal brand rooted in Saudi Arabia
Employee
Saudi Arabia’s new labour law mandates 12-week maternity leave, notice period updates: Report
Here all all the amendments made to Saudi Arabia’s labour law
Boris Johnson
Boris Johnson praises Saudi Arabia’s diplomatic emergence, women’s rights and technological advancements
Former British Prime Minister Boris Johnson lauds Saudi Arabia’s growing diplomatic and cultural achievements
Riyadh Season
Saudi Arabia’s Riyadh Season drives 47.6% surge in international visitors: Study
The popular cultural and sporting event also led to a substantial growth in tourist spending in the quarter
Huawei
Tameer Vision, Huawei join forces to build future-ready residential units in Saudi Arabia
The two companies aim to have over 5,000 FTTR-ready residential units by 2035
geopolitics
Saudi Arabia hosts Russia-US talks on Ukraine peace plan
Zelenskyy cancels planned Saudi visit as Ukraine demands security pledges, European leaders seek guarantees
aerospace sector
Al-Futtaim Logistics expands into Saudi Arabia, Oman amid Middle East aerospace boom
The expansions follow in the wake of surging demand for advanced logistics solutions in the region
PIF
Saudi PIF-backed SURJ Sports Investment acquires minority stake in DAZN
The partnership aims to strengthen Saudi Arabia as a leading market for sports investments, while capitalising on the significant growth in demand for high-quality sports broadcasting.
General Authority for Statistics (GASTAT)
Saudi Arabia’s inflation records marginal rise to 2% in January 2025
The January inflation is driven mainly by an increase in the prices of housing, water, electricity, gas and fuels section
Red Sea
Saudi Arabia’s Red Sea Residences draw early buyers at $1.5mn starting price
The pre-sales success of the multi-billion riyal development on Shura Island signals strong appetite from wealthy Gulf investors for Saudi Arabia’s emerging luxury tourism destinations
clean energy
EDF, TAQA seal partnership to boost geothermal energy in Saudi Arabia
The areas of collaboration include power generation and HVAC applications as well as compressed air energy storage in the Kingdom
Alcohol
Saudi Arabia 2034 World Cup: ‘Plenty of fun can be had without alcohol,’ Saudi ambassador to UK says
Prince Khalid bin Bandar Al Saud said visitors must respect Saudi Arabia’s culture, stating that currently alcohol is prohibited in the kingdom
Diriyah
Saudi Arabia’s Diriyah set on track for 2027 infrastructure completion, says CEO: Report
Speaking at the PIF Private Sector Forum in Riyadh, Inzerillo detailed plans for Diriyah Square, which currently employs 83 tower cranes, the report said
Hidden Marina NEOM
NEOM announces new Hidden Marina as first phase of THE LINE: Report
NEOM’s Hidden Marina will include 21 million square metres of built-up area, surpassing the Burj Khalifa’s 350,000 square metres in Dubai, the report said
