Saudi Arabia’s aviation sector soared to new heights in 2024, with passenger numbers reaching an all-time high of 128 million, according to the General Authority of Civil Aviation (GACA). This marks a 15 percent rise from 2023 and a 25 percent jump compared to pre-pandemic levels. Of these travelers, 59 million were on domestic flights,...
American multinational business Parsons buys $475 million worth of contracts from Saudi Arabia and the UAE. The contracts are for work in technology, defense, intelligence, and infrastructure engineering. In Saudi Arabia in the fourth quarter of 2024, the business won two big deals worth a total of $275 million. The work that goes along with...
Databricks, a leader in data intelligence, has announced a plan to invest up to $300 million in the Kingdom of Saudi Arabia over the next five years. This investment aims to help the growing local customer base integrate data, analytics, and AI through the Databricks Data Intelligence Platform. During the LEAP 2025 conference, Databricks unveiled...
UAE-based shallow water offshore drilling contractor Shelf Drilling (SHLF) has announced a partnership with Arabian Drilling, the largest onshore and offshore drilling company in Saudi Arabia. This collaboration aims to enhance their offshore drilling capabilities, indicating a strategic move to widen their operational horizons in the region. The partnership will enable both companies to pool...
Egyptian Prime Minister Mostafa Madbouly met with Saudi Energy Minister Prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud on Monday at the Al Manara International Conferences Center. This meeting occurred alongside the 8th Egypt Energy Show (EGYPES 2025), which was inaugurated by Egyptian President Abdel Fattah Al-Sisi. During the meeting, Madbouly reaffirmed Egypt’s commitment to...
Ericsson and stc Group have unveiled a strategic collaboration called the “Fusion Partnership” at the LEAP 2025 event, aiming to accelerate innovation and broaden their market opportunities. This partnership highlights their shared commitment to enhancing solutions and services for both businesses and consumers, which is expected to significantly shape the future landscape of the telecom...
Qatar, the United Arab Emirates (UAE), and Saudi Arabia are leading the way in the Middle East’s tourism sector, particularly in luxury wellness and sports tourism. This shift is significantly impacting global travel, as highlighted during the 51st session of the UN Tourism Regional Commission held in Doha last week During the conference, high-level delegations...
Saudi Arabia is preparing to host a vibrant cultural festival in Qatar, set to take place from February 18 to 21 in Doha. This event aims to provide both Qataris and expatriates with an insight into the kingdom’s rich heritage, further strengthening the already robust bilateral ties between the two nations. The Saudi Ministry of...
Italy and Saudi Arabia have solidified a significant strategic partnership by signing agreements worth $10 billion. The announcement came after Italian Prime Minister Giorgia Meloni met with Saudi Crown Prince Mohammed bin Salman in AlUla, Saudi Arabia. One of the key deals involves Italy’s credit export agency, SACE, which committed to providing $3 billion in...
Saudi Arabia’s Public Investment Fund (PIF) has announced the sale of Thiqah, a business services firm, to Elm for $907 million (SAR3.4 billion). The deal, which was reported by Gulf Business, aligns with PIF’s strategy to support the country’s economic diversification goals under Vision 2030 by strengthening key sectors like information and communications technology (ICT)....