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  • Top US diplomat heading to Saudi Arabia for Gaza ceasefire efforts

    The top US diplomat is heading to Saudi Arabia on Wednesday as part of Washington's efforts to reach a ceasefire in Gaza and potentially in Lebanon, sources familiar with his trip told Al Arabiya English. Secretary of State Antony Blinken arrived in Israel where met Prime Minister Benjamin Netanyahu on Tuesday and said that the latter needed to “capitalize” on the killing of Hamas chief Yahya Sinwar to secure the release of Israeli hostages and end the war in Gaza.

  • Saudi Arabia’s 3.7 GW solar tender attracts lowest bid of $0.0129/kWh

    Saudi Power Procurement Co. (SPPC) announced this week the shortlisted bidders for the final phase of the fifth round of the Saudi Arabian government's National Renewable Energy Program (NREP).  For the 2000 MW Al-Sadawi Solar PV IPP Project, the shortlisted bidders are a consortium comprising UAE-based Masdar and Korea Electric Power Corporation (KEPCO), which offered a price of $0.0129/kWh, and a consortium formed by China-based SPIC Huanghe Hydropower Development Co., Ltd. and France-based EDF Renouvelables, which submitted a price of $0.0131/kWh.

  • Saudi Arabia pumps funding into startups as it vies for Mena No 1

    The VC market across the Middle East and North Africa raised $1.3 billion from January to September 2024 – and Saudi Arabia “led the region”, said startup analyst Magnitt. The kingdom secured “39 percent of Mena’s total funding” and activity was driven by $100 million-plus “deals like SallaApp’s $130 million round” in March, according to Magnitt’s Q3 report. The UAE was the region’s “most active market”, Magnitt added, “with a 12 percent increase in deal volume, accounting for 38 percent of all deals”

  • Saudi Arabian economic growth to accelerate in 2025 as oil taps open

    Saudi Arabia, the world's largest exporter of crude oil, is reportedly preparing to abandon its unofficial target of reaching $100 per barrel. This will allow the kingdom to reverse past production cuts and increase market share, which along with non-oil revenue growth, will help drive faster economic growth. The Oct. 9-22 Reuters poll of 21 economists forecast the Saudi economy would expand 4.4% in 2025, the fastest in three years, and up from an expected 1.3% this year.

  • Saudi Arabia, China forge tourism partnerships to boost investment, travel

    In a post on his X account, Al-Khateeb said: “During my visit to China, I met with Chinese investors and discussed the great potential and investment opportunities in Saudi Arabia’s tourism sector and ways for collaboration to elevate the experience of tourists.” In June, the Kingdom announced its official Approved Destination Status, effective July 1, following participation in the second China Roadshow and ITB China in Shanghai.

  • Saudi Arabia launches unified e-contract for student registration

    This came with the aim of regulating the contractual relationship between schools and parents of students, in a way that guarantees the rights of both parties within a legal framework of transparency and clarity, SPA reported. The contract includes the obligations of both private schools and parents towards each other, including providing the curriculum, paying tuition fees at the specified times, and maintaining good behavior and discipline within the school.

  • More than money: The geopolitics behind Saudi Arabia’s sports strategy

    The conventional term for Saudi Arabia’s strategy is sportswashing, the practice of reputation-laundering in the hopes that a cleaner national image will translate into soft power on the world stage. But that explanation doesn’t go far enough. For bin Salman, the suite of sports investments and properties is only a small part of a larger strategy to prepare Saudi Arabia for a 21st century when global oil demand is expected to fall by mid-century and geopolitics will become more complicated.

  • Saudi Arabia announces Shortlisted Bidders for 3,700 MW Round 5 Solar Projects

    The Saudi Power Procurement Company (SPPC) has announced the Shortlisted Bidders for the fifth round of solar projects under the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy. The projects will attract investments exceeding 8 billion Saudi riyals. Each will be developed on a build, own, and operate (BOO) basis by a project company, which will be 100% owned by the successful bidder. Furthermore, each project company will enter into a 25-year power purchase agreement with SPPC.

  • Saudi Arabia and BRICS—a balancing act?

    Russia last month invited Saudi Crown Prince Mohammed bin Salman to attend the Oct. 22-24 BRICS summit it is hosting in Kazan. The summit is the bloc’s first since its expansion last year when six new members—Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE)—were invited to join. While countries such as Iran have been quick to accept the invite, the Kingdom has yet to confirm its formal alignment with BRICS. Most likely, Saudi strategists are still weighing all pros and cons of membership—with factors in favor and against broadly balanced.

  • Saudi Arabia: Parsons, OBMI signs contracts with ARDARA

    ARDARA‘s flagship destination is AlWadi – the exciting mixed-use waterfront development in the heart of Downtown Abha. Elegantly designed homes, thriving commercial spaces, vibrant retail hubs, and exhilarating entertainment outlets that will entice residents and visitors throughout the seasons.