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  • Saudi Arabia Regional Headquarters Programme: Contracting with government entities

    By way of background, the Regional Headquarters (RHQ) Programme is an initiative jointly developed by the Ministry of Investment (MISA) and the Royal Commission for Riyadh City which aims to attract multinational companies to establish their regional headquarters in the KSA. The RHQ Programme forms part of the Vision 2030 initiative to enhance and diversify the KSA economy. In February 2021, the KSA government announced its intention to cease contracting with companies that do not have their RHQ situated in KSA.

  • Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel

    The heavy duty trucking industry alone accounts for almost a quarter of all greenhouse gas emissions from transportation. Emissions from shipping increased nearly 10% from 2012 to 2018, according to the International Maritime Organization. Ships release nearly 1 billion metric tons of carbon dioxide each year, which is about equal to the annual carbon outputs of Texas and California combined.

  • Parsons confirmed delivery partner for 170km The Line at NEOM, Saudi Arabia

    Parsons’ framework agreement for consultancy services on The Line includes project and construction management services for the design, procurement, construction, testing and commissioning of the project.

  • What’s Next for the Saudi Regional Headquarters Program?

    On January 6, the Saudi Ministry of Finance issued a new set of controls sharply limiting the ability of Saudi government agencies to do business with multinational companies that do not have regional headquarters in Saudi Arabia. The controls, which will enter effect on January 1, 2024, allow for only very narrow exemptions.

  • Saudi Arabia’s Wa’ed Ventures Invests In Paris-Based Pasqal And Tokyo-Based Terra Drone As Part Of Its New Global Agenda

    Saudi Aramco-owned venture capital firm Wa'ed Ventures has announced two global investments, which includes partaking in a US$108 million equity Series B round raised by Paris-based quantum computing startup Pasqal, as well as leading a $14 million bridge round for Japan-based drone and urban air mobility technology company Terra Drone. The latter marks Wa'ed Ventures' first foray into the Asian market.

  • Heart of Arabia explorers complete mammoth 1,300km trek across Saudi Arabia

    A team of explorers finished their four-week, 1,300km trek across Saudi Arabia on Monday. The Heart of Arabia expedition set off from Al Uqair on the east coast in November and travelled by foot and camel with vehicles in support to Jeddah on the Red Sea, including a break in Riyadh in December. The route took them across the vast deserts of Saudi Arabia, with hot days and bitterly cold nights, and across lava fields, muddy valleys and steep rock faces. “It's been just brilliant, an utterly wonderful experience. We feel so grateful to have had such amazing support,” said the expedition’s leader, Oman-based British explorer Mark Evans.

  • Heart of Arabia explorers complete mammoth 1,300km trek across Saudi Arabia

    A team of explorers finished their four-week, 1,300km trek across Saudi Arabia on Monday. The Heart of Arabia expedition set off from Al Uqair on the east coast in November and travelled by foot and camel with vehicles in support to Jeddah on the Red Sea, including a break in Riyadh in December. The route took them across the vast deserts of Saudi Arabia, with hot days and bitterly cold nights, and across lava fields, muddy valleys and steep rock faces. “It's been just brilliant, an utterly wonderful experience. We feel so grateful to have had such amazing support,” said the expedition’s leader, Oman-based British explorer Mark Evans.

  • Islamic Arts Biennale in Jeddah, Saudi Arabia

    With a scenography designed by OMA / Iyad Alsaka and Kaveh Dabiri, the first edition of the Islamic Biennale has opened in Jeddah, hosted by the Diriyah Biennale Foundation. Artworks are displayed over 120,000 square meters of exhibition spaces, taking over the Western Hajj Terminal, designed by Skidmore, Owings & Merrill (SOM) and winner of the Aga Khan Award in 1983.

  • Saudi Arabia’s 2023 economic outlook (in 7 charts by Strategic Gears)

    Strategic Gears has released its 2023 economic outlook for Saudi Arabia, with its report providing in-depth insight into the state of the Kingdom’s economy across key aspects such as monetary, fiscal and labour market, as well as progress expected to be realised in the coming twelve months – as part of the government’s Vision 2030 strategy.

  • Islamic Arts Biennale in Jeddah, Saudi Arabia

    With a scenography designed by OMA / Iyad Alsaka and Kaveh Dabiri, the first edition of the Islamic Biennale has opened in Jeddah, hosted by the Diriyah Biennale Foundation. Artworks are displayed over 120,000 square meters of exhibition spaces, taking over the Western Hajj Terminal, designed by Skidmore, Owings & Merrill (SOM) and winner of the Aga Khan Award in 1983.