Set to be located in Jazan, the flagship destination will span over 60,000 square metres with entertainment and recreational facilities
Saudi Arabia
Japanese restaurant
Zuma Riyadh opens in Saudi Arabia in partnership with MJS Holding
Located in the King Abdullah Financial District, the new Zuma restaurant spans two floors and was developed through a strategic partnership with MJS Holding
eSports
The gamechanger: Turki Alfawzan, CEO of Saudi Esports Federation, on what it takes to build a global gaming superpower
Inside Turki Alfawzan’s mission to make Saudi Arabia a global esports powerhouse
re-exports
Infrastructure helps Saudi re-export reach $16.27 billion in 2024
Bandar Alkhorayef, Minister of Industry and Mineral Resources, says improved logistics services key to 23% annual growth
Dar Global
Dar Global announces launch of $530m Trump Tower Jeddah
The Trump Tower will feature several highlights including the Trump Club, Saudi’s first members-only social club
Dubai
Dubai’s Parkin, BATIC partner for Smart City parking solutions in Saudi Arabia
The partnership aims to combine Parkin’s renowned parking management capabilities with Smart City Solutions Co. (SCSC), BATIC’s subsidiary and Saudi Arabia’s largest paid public parking provider
agritourism destination
PIF-backed Dan Company, Al-Tamimi contracting to develop luxury resorts in Al Ahsa
The project, set to span 1.8 million square metres, will feature 201 accommodation units, including hotel rooms and high-end villas with private pools
border regulations
Saudi Arabia arrested over 19,800 last week in residency and labour operations
Saudi Arabia announces more than 19,800 arrests in a single week as it clamps down on residency, labour and security breaches
CBUAE
New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup – 10 things you missed this week
UAE tax, UAE Lottery, crypto in Dubai, Kuwait visas, Saudi World Cup and more top news stories this week
Goldman Sachs
Goldman Sachs names Omar Alzaim as CEO for Saudi operations
In May, Goldman received a license to set up its regional headquarters in Riyadh
acquisitions
Etihad Atheeb (GO) signs MoU to acquire 51% stake in Saudi IT venture EjadTech
The stake acquisition is valued at $23.07 million
FIFA World Cup
Five Saudi cities to host FIFA World Cup 2034 matches across 48 teams
The tournament plan promises exceptional experiences for participants and audiences, providing them with the opportunity to explore a rich collection of cultural sites
Aviation
Saudi low-cost airline flynas partners with WebEngage to enhance customer experience
WebEngage established data residency in KSA recently, reducing regulatory barriers for its local clients
insurance
Saudi insurers’ profits shift to top 5 firms as smaller rivals struggle: Report
The S&P report forecasts that top-line growth in Saudi Arabia’s insurance sector will moderate to about 10-15% in 2025