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  • Turkiye and Saudi Arabia forge defence technology partnership

    The cooperation encompasses a broad range of defence sectors, including unmanned aerial vehicles (UAVs), missile systems, electronic warfare and advanced software systems. Turkish defence firms, renowned for their cutting-edge innovations, are expected to play a crucial role in the modernisation of Saudi Arabia’s defence industry. This partnership not only allows Saudi Arabia to acquire sophisticated military technologies but also to develop its indigenous production capabilities through joint ventures and collaborative research initiatives.

  • Mastercard and Saudia Partner to Empower Women Entrepreneurs in Saudi Arabia with ‘Her Voice’

    This season, Mastercard and Saudia will be putting inspiration into action by partnering with Blossom Accelerator, Saudi Arabia's first tech-inclusion and female-focused accelerator, to host three workshops — in Jeddah, Riyadh, and Khobar — providing budding female entrepreneurs, aspiring leaders, and small business owners access to all-important learning and networking opportunities.

  • The Saudi Sherpa Office Holds Second Workshop to Coordinate with Saudi Government Entities Participating in 2024 G20

    The Saudi Sherpa Office at the Ministry of Finance held today, August 27, 2024, the second G20 workshop to coordinate with Saudi government entities participating in the 2024 G20 under the Brazilian presidency. The workshop was chaired by His Excellency the Saudi Vice Minister of Finance, Saudi Sherpa, Mr. Abdulmuhsen Alkhalaf, and attended by the Kingdom's representatives in the G20 working and engagement groups.

  • KAUST, NEOM, And ENOWA Partner To Boost Saudi Arabia’s Green Hydrogen Economy

    A strategic partnership has been established between King Abdullah University of Science and Technology (KAUST), NEOM’s Education, Research, and Innovation Foundation (ERIF), and ENOWA to support Saudi Arabia’s burgeoning hydrogen economy. The collaboration aims to advance hydrogen technology and contribute to the Kingdom’s vision of becoming a global leader in renewable energy and hydrogen production.

  • The Flourishing World of Artistic Shows in Saudi: A Comprehensive Exploration

    Saudi Arabia has been making significant strides in the world of art and culture, with a burgeoning scene that is captivating audiences both locally and internationally. The country’s rich history and traditions have laid the foundation for a dynamic and diverse artistic landscape, showcasing a blend of traditional and contemporary influences. From traditional performances to modern art exhibitions, the flourishing cultural scene in Saudi Arabia offers a well-rounded perspective and practical guidance for a diverse audience.

  • Saudi Film Commission to participate in the 81st Venice International Film Festival 2024

    The Saudi Film Commission will take part in the 81st Venice International Film Festival, scheduled from August 28 to September 7, 2024, in Venice, Italy. As one of the oldest and most prestigious film festivals globally, the Venice Film Festival is a key event within the Venice Biennale and is recognized by the International Federation of Film Producers Associations (FIAPF).

  • Saudi Arabia’s residential landscape changing as smart cities rise

    Saudi Arabia was represented five times in the 2024 edition of the International Institute for Management Development Smart City Index — with Riyadh, Madinah, and Makkah making the list along with Jeddah and Al-Khobar. With the $500 billion giga-project of NEOM set to lead the way with smart technology, it is no surprise the number of high-net-worth individuals flocking to Saudi Arabia is set to rise, with a report released by Henley & Partners in June projecting over 300 millionaires would be moving to the Kingdom in 2024.

  • BlackRock partners with Saudi Arabia to develop kingdom’s property finance market

    “We look forward to partnering with the Saudi Real Estate Refinance Company to advance mortgage securitisation and other capital markets solutions,” a BlackRock representative told The National. “SRC and BlackRock share the objective of enabling and unlocking institutional capital in this growing, high quality fixed income asset class.” The new deal comes after BlackRock announced a partnership with PIF in April to open a multi-class investment firm in Riyadh, anchored by an initial investment mandate of up to $5 billion from the Saudi wealth fund, to drive further growth of the kingdom's capital markets and attract more investment.

  • Delivery partner appointed for construction of world’s largest airport in Saudi Arabia

    UK-based construction company Mace has won the role of delivery partner for Saudi Arabia’s King Salman International Airport, which is expected to be the world’s largest airport once completed. Mace will oversee the planning and construction of the airport in Riyadh and will work alongside the King Salman International Airport Development Company (KSIADC), which is owned by Saudi Arabia’s Public Investment Fund (PIF). The six-runway airport is expected to be ready to transport people travelling for Riyadh Expo 2030 and the FIF World Cup 2034.

  • Saudi POS hits $3.6bn as education spending surges with academic year start

    Saudi Arabia’s point-of-sale transactions climbed to SR13.5 billion ($3.61 billion) between Aug. 11 and 17, reflecting a 3.6 percent increase from the previous week, official data showed. According to the latest figures from the Saudi Central Bank, also known as SAMA, the education sector led the charge, recording a 127.5 percent surge in spending, with total transactions reaching SR1.01 billion.