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Neom is a planned smart city in the north west of Saudi Arabia. It is one of the kingdom's giga-projects and will include The Line, a 170km long city built in a straight line

Qiddiya tourism

$1bn tourism school to open in Saudi’s Qiddiya

Saudi Arabia plans to build a $1 billion tourism school in the Qiddiya sports, culture and entertainment city giga-project.  The Riyadh School for Tourism and Hospitality will train workers from around the world, not only Saudi Arabia, tourism minister Ahmed Al-Khateeb told a UN World Tourism Organization gathering in the capital. The training headquarters at […]

Marriott's W Hotel in Lake Village, part of Saudi Arabia's Neom giga-project, will have 236 rooms, including 47 suites

Marriott to open two luxury hotels in Neom’s Trojena

Global hotel chain Marriott International will open two luxury properties in Trojena, a year-round mountain destination in the $500 million Neom development. The deal with the US hotelier includes Saudi Arabia’s first W Hotel and a JW Marriott property. “We are excited to work with Neom to develop these two properties in one of the […]

Saudi Crown Prince Mohammed bin Salman's number one priority is funding the kingdom's Vision 2030 giga-projects

Saudi economy slips as government pushes oil cuts

Analysts see the Saudi economy contracting in 2023 as a result of voluntary oil production cuts.  Higher prices, however, will still ensure that state coffers are full enough to meet the kingdom’s number one priority – funding its mammoth Vision 2030 diversification projects.  The International Monetary Fund said this month it saw a slowdown in […]

AtkinsRéalis says Saudi Arabia is 'super competitive, particularly from a salary progression perspective'

Saudi construction workers spoilt for choice

Saudi Arabia’s trillion-dollar construction industry is providing rich pickings for professionals as companies increasingly struggle to retain talent. The kingdom has projects worth over $1.3 trillion underway and a further $64 billion in contracts forecast to be awarded this year. But while that places pressure on companies to recruit the necessary talent, employees are enjoying […]

The new project will contribute to Saudi Arabia’s plan to host 30 million Umrah performers and six million pilgrims by 2030

$2.9bn fund to develop 2,600 properties in Mecca

The Royal Commission for Makkah City and Holy Sites has launched a SAR10.93 billion ($2.91 billion) fund to develop real estate in the holy city of Mecca. The fund will develop the Al Kidwa area close to Holy Masjid in partnership with Riyadh-based developer Thakher Development Company and investment bank Albilad Capital, the government-owned commission […]

hydrogen fuel cell

UK company strikes Mideast deal for hydrogen generators

UK hydrogen fuel cell company AFC Energy has signed an agreement with a leading Saudi marketer to sell its hydrogen generators in the Middle East and Central Asia. The deal gives Saudi Arabia’s The Machinery Group (Tamgo) exclusive rights to market AFC Energy’s alternative to diesel-powered generators in 16 countries including Saudi Arabia, United Arab […]

Neom has appointed JLS Yachts to manage Sindalah, the development’s first superyacht destination on the Red Sea

Neom appoints manager for superyacht destination

Saudi’s $500 billion giga project Neom has appointed a company to head its superyacht destination on the Red Sea. JLS Yachts, a Middle East-based yacht agency and concierge service provider, will manage Sindalah, which will be home to more than 5,000 berths. Set to open in 2024, Sindalah is one of the 41 Neom islands […]

Neom air taxi Video length: 00:59

Neom’s flying taxi takes to the skies

Plans to introduce flying taxis to Saudi Arabia’s $500 billion Neom development have accelerated after a series of successful test flights in the kingdom. Neom entered into a $191.2 million investment and joint venture with German aircraft manufacturer Volocopter in 2021. The tests lasted over a week and built on 18 months of collaboration between […]


Neom secures $5.6bn to expand workforce housing 

Saudi Arabia’s smart city developer Neom has secured more than SAR21 billion ($5.6 billion) in financing to start work on the first phase of residential housing for its workforce through a public-private partnership.  The preferred bidders in the first phase include local contractors such as Alfanar Global Development, Almutlaq Real Estate Investment Company, Nesma Holding […]

Saudi Italy GCC

Italy woos Saudi and other Gulf nations in trade drive

Italy is courting Saudi Arabia to invest in a new fund, as the European country increasingly turns to the GCC to boost trade and investment volumes. Industry minister Adolfo Urso said Saudi was ready for further investments following a video call with the kingdom’s investment minister, Khalid Al Falih. Italy’s prime minister Giorgia Meloni plans […]

Neom closes deal to finance $8.4bn hydrogen facility

Neom Green Hydrogen Company (NGHC) has reached a financial close on the $8.4 billion green hydrogen production facility at Oxagon in the Neom megaproject. It comes following the signing of agreements with 23 local, regional, and international banks and investment firms. The company’s non-recourse financing structure for the project has been certified by S&P Global […]

Saudi Arabia is likely to have the largest growth in solar capacity in the region

Saudi approves 106 firms to help hit solar power target

Saudi Arabia has approved a list of 106 companies qualified to install solar power systems. The decision aligns with the kingdom’s aim for 68.1 percent of its renewables capacity to be generated by solar power by 2030. The Saudi Electricity and Water Regulatory Authority has qualified a list of both contractors and consultants to design, […]

Flyadeal Saudi airline Video length: 02:33

Saudi low-cost airline budgets for expansion

Saudi Arabia’s Flyadeal is set to add four new aircraft to its fleet this year as it realises its international ambitions. The budget carrier, owned by Saudia, the kingdom’s flagship operator, was launched in 2017 to serve the domestic market and is now the second largest operator in the country behind Saudia. Flyadeal launched international […]

Qatar Airways CEO Akbar Al Baker told reporters that regulators were holding up aeroplane deliveries Video length: 02:33

Qatar Airways CEO plays down threat of competition

The CEO of Qatar Airways has said he is “very excited” by the growth of Saudi Arabia’s aviation industry, despite the prospect of tougher competition as regional airline capacity increases. “We will co-operate with them, we will support them, because we feel that relationships matter and there is a lot of business to go around […]

Saudia Saudi Arabian Airlines

Saudia plans to add 56 new weekly flights

State-owned Saudi Arabian Airlines (Saudia) plans to add 56 weekly flights to 14 global destinations by the summer as it continues to ramp up operations. Under the expansion, the national flag carrier of the kingdom will serve cities across Thailand, China, South Korea, Indonesia, Singapore and Europe in the latest addition to its scheduling. It […]

YCCC Yorkshire County Cricket Season 2023

Yorkshire County Cricket Club seeks Mena investors

The Middle East could play a pivotal role in the future of county cricket in the UK, according to a leading sports economist. It was revealed this week that Yorkshire County Cricket Club has recruited the services of audit and advisory firm Grant Thornton to seek out investment from potential backers in the Middle East. […]

Sphere, Architecture, Building

Renewable energy desalination is the way forward for GCC states

Projects in the Middle East are seeking to increase their use of renewable energy desalination amid criticism of the traditional process as being high-cost and energy-intensive. The Mena region is expected to add an estimated 20GW of solar capacity and 5-6GW of wind by 2025, and the use of these sources is increasingly coming to […]

Woman, Adult, Female, Male

UK companies set their sights on $22bn Saudi events sector

Major UK firms are targeting the Saudi events sector for growth as the Gulf kingdom continues to build its reputation as a global destination. Saudi’s Ministry of Investment recently welcomed a delegation of 25 British sports events companies to explore investment opportunities. The ministry, together with the Ministry of Sports, signed cooperation agreements with ES […]

Aircraft, Airplane, Transportation

Saudi Arabia launches second new airline

Saudi Arabia has announced its second new airline in a matter of weeks with the launch of Neom Airlines. The carrier will solely serve the $500 billion Neom city in the north west of the kingdom. The first flights for tourists, residents and commercial partners are scheduled to take off in the fourth quarter of […]

Saudi investment minister Khalid Al Falih wants Italy and Saudi Arabia to take their relationship 'to the next level'

‘Huge potential’ for Germany and Saudi to collaborate on hydrogen

Top-level talks have taken place in Germany to boost trade and investment with Saudi Arabia, as experts describe the potential for collaboration on producing cost-competitive hydrogen as “huge”. As the world seeks cleaner energy solutions to meet net zero climate targets, analysts say the two countries have the resources, infrastructure and skills to build on […]