Aspen Pharmacare Holdings Limited, a multinational pharmaceutical company specializing in branded and specialty medicines, has launched a new regional headquarters in Riyadh, Saudi Arabia. This expansion is part of a broader strategy to enhance its presence in the Middle East, following a series of investments in key therapeutic areas aimed at meeting market demands. The...
WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, has announced its expansion into Saudi Arabia. This move is part of the company’s strategy for global growth, as it launches testing and deployment of its Robotaxis and other autonomous driving products in cities like Riyadh and AlUla. This initiative sets the foundation for a...
D360 Bank, a Shariah-compliant digital bank based in Saudi Arabia, has announced that it has welcomed over one million customers within just four months of its official launch. This achievement sets a new global standard for digital banking adoption, demonstrating the increasing demand for efficient and secure digital financial solutions in the region. Since its...
In a significant policy shift aimed at transforming its tourism sector, Saudi Arabia will permit alcohol consumption in 600 designated tourist zones by 2026. This decision, confirmed by regional tourism authorities and reported by hospitality insiders, is part of the Kingdom’s Vision 2030 initiative, which seeks to enhance its appeal as an international travel destination....
In the first quarter of 2025, Saudi Arabia recorded a significant increase in international tourism, with visitor numbers rising by 48% compared to the same period in 2024. This surge, as reported by the World Tourism Forum Institute, represents a crucial advancement in the Kingdom’s efforts to position itself as a key global destination under...
Saudi Arabia has signed agreements with the United States worth more than $300 billion, as confirmed by Crown Prince Mohammed bin Salman during the Saudi-US Investment Forum held in Riyadh. This significant move underscores the Kingdom’s ongoing efforts to enhance its economic partnerships and investments. Credit: Fortune At the forum, Uber CEO Dara Khosrowshahi highlighted...
Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com, Inc., in collaboration with HUMAIN, has announced a significant investment of over $5 billion to establish a groundbreaking “AI Zone” in Saudi Arabia. This initiative aims to integrate advanced AWS AI infrastructure and services, including dedicated servers with top-tier semiconductors and UltraCluster networks, to enhance AI...
Hassana Investment Company has signed a Memorandum of Understanding (MoU) with Franklin Templeton, amounting to $150 million, aimed at boosting the private credit market in Saudi Arabia. This agreement is particularly significant as it seeks to expand access to alternative financing for mid-sized companies, which constitute almost half of the country’s employment yet receive less...