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  • Saudi Arabia and China: Chronicle of a strategic partnership

    Since diplomatic ties were established more than three decades ago, the leaders of both Saudi Arabia and China have worked steadily to develop and enhance the bilateral relationship.

  • Saudi Arabia’s Film AlUla starts construction on studio complex

    Saudi Arabia’s Film AlUla, the film agency of the Royal Commission for AlUla (RCU), has announced the start of construction on the first phase of its ambitious new film and TV studio complex. The first phase will encompass approximately 330,000 square feet (30,000 square metres) and is scheduled to be up and running for the fourth quarter of 2023. The complex will feature two soundstages, production support buildings, workshops, a pyro/sfx building, catering facility and admin building plus a 70,000 square feet (6,500 sq m) backlot and a sound recording studio.

  • Foster + Partners Wins Competition for King Salman International Airport in Saudi Arabia

    Foster + Partners has been announced as the winner of the competition to design the new King Salman International Airport in Riyadh. Saudi culture and identity drive the airport's architectural design to ensure a unique travel experience for visitors and transit travelers. The master plan will boost Saudi Arabia's capital as a global logistics hub, stimulate transport, trade, and tourism, and act as a bridge connecting 180 million passengers from East to West.

  • Why are Chinese investors and startups so excited about Saudi Arabia?

    “In the last three years we built our HQ in Saudi, we built a local team and we looked at the needs: logistics and a cloud service is what is needed,” says Wong. “If you don’t invest in a cloud service and logistics, then you won’t change a fundamental thing. If you invest in that most important layer, you can have hundreds of thousands of startups later on. Those kind of investment opportunities no longer exist in mature markets.”

  • Why are Chinese investors and startups so excited about Saudi Arabia?

    “Mena used to be a region that was overlooked for decades, that’s why at that time we were curious,” says Jessica Wong, founder and managing partner at eWTPA Capital. “We started to evaluate and study other innovations and what are the chances of it happening in other emerging markets. Several of our portfolios did extremely well [in Mena] and we understood why.”

  • Department of State Dedicates New U.S. Consulate General in Dhahran, Kingdom of Saudi Arabia

    In an important symbol of our partnership with the Kingdom of Saudi Arabia, Deputy Assistant Secretary of State for Arabian Peninsula Affairs Daniel Benaim, U.S. Embassy Riyadh Chargé d’Affaires Martina Strong, and U.S. Consul General in Dhahran David Edginton officially dedicated the new U.S. Consulate General campus in Dhahran. The new campus is situated on a 10.5-acre site in the Al Andalus District in the city of Al-Khobar and incorporates numerous sustainable features to conserve resources and reduce operating costs, including demand-controlled ventilation, efficient site lighting, and on-site wastewater treatment and reuse. It achieved Leadership in Energy and Environmental Design (LEED®) Silver certification—a globally recognized mark of achievement in high-performance, best-in-class, green buildings. Skidmore, Owings & Merrill, LLP of Washington, D.C., was the design architect for the project, and Caddell Construction Company, LLC of Montgomery, Alabama, constructed the complex, employing a workforce of roughly 800 U.S., Saudi Arabian, and third-country nationals and injecting approximately $95 million into the local economy.

  • Nine of 11 Saudi starters play for same club. Who are Al Hilal?

    Founded in 1957, Riyadh-based Al Hilal are the kingdom’s – and Asia’s – most successful team, attracting big names from home and abroad. In June, the team nicknamed the Blue Waves were crowned champions of the Saudi Pro League for an 18th time.

  • Nine of 11 Saudi starters play for same club. Who are Al Hilal?

    Since the top Saudi league was established in 1976, Al Hilal are among only four teams to have participated in every season. They have also won the Crown Prince Cup, the oldest domestic football competition in the kingdom, a record 13 times. And last year, Al Hilal became the first club to win four Asia Football Confederation (AFC) Champions League titles. They have also scooped the Asia Cup Winners Cup and the Asian Super Cup twice.

  • Third-quarter profit of Saudi Arabia’s 10 largest banks rise 9.3% on interest income boost

    The aggregate net profit of Saudi Arabia's 10 largest banks increased by 9.3 per cent on quarterly basis in the third quarter of this year, driven by higher interest rates and lower impairment charges, according to professional services consultancy Alvarez & Marsal. The banks' cumulative net income for the three months to the end of September rose to 16.5 billion Saudi riyals ($4.4 billion), the consultancy said in its latest Saudi Arabia Banking Pulse report.

  • Parts of Saudi regions to witness rain and torrents from Tuesday

    The National Center for Meteorology (NCM) has indicated that 6 parts of Saudi Arabia's regions will witness rain and torrents next Tuesday and Wednesday. NCM has said that the rains will range from medium to heavy, and would lead to torrents. The parts that will witness the rains are the regions of Makkah, Madinah, Tabuk and their coastal parts.