Economy
Saudi economic developments, investment, Vision 2030 progress, and private sector news.
The national carrier launches expanded Red Sea connectivity from Wednesday, matching a surge in hotel occupancy across the destination.
FII10 convenes from October 26, the first edition since PIF's strategy shift invited private capital into the delivery role.
Active commercial registrations reached 1,918,512, extending a multi-year expansion in private enterprise formation.
Saudi Arabia's $909 billion sovereign wealth fund restructures around three portfolios and explicitly shifts from state-led development to private sector delivery.
Three distinct trajectories have emerged. Diriyah holds a $14.5 billion pipeline. Qiddiya is locked to the 2034 World Cup. NEOM restructures around its industrial zone.
The Real Estate Development Fund launches an alternative financing instrument targeting citizens who do not qualify under standard bank lending criteria.
The contract delivers 77,000 square meters of cultural space at the UNESCO-listed Diriyah site, awarded to Albawani and Hassan Allam Construction.