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  • Saudi Arabia to Start Manufacturing Drones, Eyeing Foreign Exports

    “INTRA Defense Technologies launched the Samoom UAV for the first time at the World Defense Show in Riyadh, and it is the first strategic unmanned aircraft that is being designed and developed and will be manufactured in Saudi Arabia,” said Ghamdi. “Samoom’s operational endurance allows it to conduct up to 50-hour reconnaissance missions with the UAV flying at up to 45,000 ft,” he revealed, adding that it could be ready to serve the Saudi armed forces by 2024.

  • Flat6Labs, SVC launch $40 million Startup Seed Fund in Saudi Arabia

    Saudi Venture Capital (SVC), one of the most prominent venture investment ecosystem development companies in KSA, has signed a new investment agreement with Flat6Labs, the leading seed and early-stage venture capital firm in the MENA region, to introduce the “Startup Seed Fund”. The fund aims to support startups with growth potential and provide more than 20 Saudi startups annually with seed capital over the next three years, in addition to a number of other benefits.

  • Lockheed Martin Wins $4.4 Billion Contract To Supply Radar, THAAD Air Defense System To US, Saudi Arabia – Pentagon

    US defense giant Lockheed Martin has won a more than $1.4 billion modification contract extension to produce more Terminal High Altitude Area Defense (THAAD) interceptors for the United States and Saudi Arabia, the Defense Department announced in a press release.

  • Saudi Arabia’s start-up sector to see $162m in new investments

    Saudi Arabia issued licences to six start-up entities that have collectively pledged to invest up to $162.2 million. Four start-ups, including re-commerce platform Cartlow, second-hand marketplace Soum, delivery company Rabbitmart and dental service Smileneo received licences from Saudi Arabia’s Ministry of Investment. Licences were also granted to imVentures, a Riyadh-based venture capital fund, and Silicon Valley-based early stage accelerator Plug and Play.

  • Saudization of these professions in Saudi Arabia starting Tomorrow

    Starting Tomorrow, Monday, the implementation of the 2nd phase of localizing supplies and supermarkets in the Kingdom begins, as work in sales outlets is limited to 100% Saudi national in the professions of section supervisor.

  • Israel’s U.S., Arab partners close ranks on Iran and urge Palestine talks

    Attending the Lapid-hosted summit in a desert hotel will be the United Arab Emirates, Bahrain and Morocco, which were part of the so-called Abraham Accords brokered by the Trump administration to normalise ties with Israel.

  • Saudi Arabia to host the 7th Asian Indoor Martial Arts Games 2025

    As Saudi Arabia is hosting the 7th Asian Indoor Martial Arts Games in 2025 for the first time in its history, President of the Saudi Olympic & Paralympic Committee (SOPC), HRH Prince Abdulaziz Bin Turki Al Faisal, and Vice-Governor of Riyadh Province, HRH Prince Mohammed Bin Abdulrahman Al Saud alongside the OCA Acting President Mr. Raja Randhir Singh signed the hosting contract of the Asian Indoor Martial Arts Games at the Riyadh Green Halls in Prince Faisal bin Fahad Olympic Complex.

  • Saudi Arabia’s Ministry of Investment and PIF-backed Jada partner to support start-ups

    Catalyse Saudi will host a series of events, the first of which will take place this month in Jeddah and Riyadh under the theme of disruptive technology. The events will bring foreign and Saudi entrepreneurs and investors together for networking, learning and engagement opportunities, the ministry and the fund said in a joint statement.

  • National Museum welcomes American Chamber of Commerce in Saudi Arabia for night of arts, culture and entertainment 

    The National Museum is divided into eight galleries, each of which depicts a different historical period. The galleries are arranged in chronological order, starting with the creation of the universe through to the unification of Saudi Arabia and the growth of Hajj. Tarik Solomon, chairman of the American Chamber of Commerce in Saudi Arabia, said that the museum was a place that visitors would not forget.

  • Saudi Arabia to Start Building Green Hydrogen Plant in Neom

    Saudi Arabia will start construction of a green hydrogen plant as soon as this month as it pushes ahead with plans to export the fuel in about four years. The kingdom is on track sell carbon-free hydrogen from a $5 billion project in Neom by 2026, according to Peter Terium, the head of energy and water for the new region. Engineers have finished flattening the site in northwestern Saudi Arabia and U.S.-based Air Products & Chemicals Inc. will soon begin building the facility, he said.