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Saudi Arabia’s food and beverage service industry is experiencing significant growth, driven by a rising population and an expanding economy. The nation, which has nearly 37 million residents, is seeing its population increase by more than 1.2 million people each year, supported by high birth rates and a growing expatriate workforce. One notable player in...
The NEOM Investment Fund (NIF), the investment arm of NEOM, has announced a strategic investment in Liberation Labs, a leader in precision-fermentation biomanufacturing. This partnership aims to establish an advanced precision-fermentation facility in Saudi Arabia that will support Topian, NEOM’s food company, in developing novel food production methods. Liberation Labs is known for creating biomanufacturing...
Siemens Healthineers has successfully concluded its Innovation Capacity Building Program in Saudi Arabia, which took place from February 5 to February 20, 2025. This program aimed to enhance local innovation expertise and foster collaborations with universities, hospitals, startups, and key stakeholders, including Monshaat, the Small and Medium Enterprises General Authority. A total of 40 participants...
The United States and Saudi Arabia are progressing towards a preliminary agreement that will facilitate cooperation on the development of a civil nuclear industry in the kingdom. U.S. Energy Secretary Chris Wright announced this development during a press briefing in Riyadh, where he met with Saudi Energy Minister Prince Abdulaziz bin Salman, according to Zawya....
The construction industry in the UAE and Saudi Arabia is projected to experience significant cost increases following new trade tariffs announced by US President Donald Trump. According to the 2025 UAE & KSA Construction Cost Benchmarking Report from Stonehaven, the UAE is expected to face construction cost hikes of 2.7% to 3.3%, while Saudi Arabia...
Tesla is gearing up to enter the Saudi Arabian market, marking a significant step for the company amidst declining demand in its major markets. The electric vehicle maker is set to showcase its lineup, including the much-anticipated Cybercab and the humanoid robot Optimus, at a launch event in Riyadh. While Tesla has kept further details...
Saudi Arabia’s state news agency has announced that the country’s oil giant, Aramco, has made significant discoveries by locating 14 new oil and natural gas fields in the Eastern Region and the Empty Quarter. This development is particularly important as many major oil producers are currently facing budget constraints due to low prices in the...
Saudi Aramco, China Petroleum & Chemical Corporation (Sinopec), and Yanbu Aramco Sinopec Refining Company (Yasref) have announced the signing of a Venture Framework Agreement (VFA) aimed at expanding Yasref’s petrochemical capabilities. The agreement, which marks a significant milestone for Yasref, is expected to enhance its global standing in the petrochemical sector and meet the growing...
Vehere, a leader in cybersecurity solutions, is significantly enhancing its presence in the Middle East, with a particular emphasis on the United Arab Emirates, the Kingdom of Saudi Arabia, and Bahrain. This expansion aims to meet the increasing demand for cybersecurity services as enterprises navigate a complex digital landscape. The company’s strategic initiatives in the...
LinkedIn has unveiled its annual list of the top 15 companies in the UAE and Saudi Arabia that offer significant professional growth opportunities. This list serves as a resource for professionals seeking to develop their careers in a competitive job market, highlighting employers that prioritize employee empowerment and career development. Research conducted by LinkedIn indicates...