British luxury homeware brand LUSSO is accelerating its global expansion with a strategic entry into the UAE, as part of a bold five-year plan aimed at achieving a valuation of £1 billion. This announcement comes after a year in which the company exceeded its financial targets by 10 percent and expanded its international reach, now...
AWJ Investment, a subsidiary of AWJ Holding, has secured a 40% stake in Oud Real Estate, marking a significant strategic partnership aimed at enhancing urban development in Saudi Arabia. This collaboration is expected to drive investments exceeding SR8 billion over the next five years, focusing on branded residential, commercial, and hospitality projects. The partnership combines...
Mastercard has officially launched its first Cyber Resilience Center in the Middle East, located in Riyadh, as part of a partnership with Riyad Bank. This initiative aims to enhance Saudi Arabia’s cybersecurity infrastructure by bringing together key players from the financial sector to collaborate on building a secure commerce and payment ecosystem in the Kingdom....
Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between the Public Investment Fund (PIF) and Hyundai Motor Company, has officially broken ground on a new manufacturing plant. This event took place at the King Salman Automotive Cluster within King Abdullah Economic City (KAEC), marking a significant advancement for Saudi Arabia’s automotive sector, as reported...
The Saudi Data and Artificial Intelligence Authority (SDAIA), in partnership with the Ministry of Education and the Ministry of Human Resources and Social Development, has announced the opening of registration for the “One Million Saudis in AI – SAMAI” initiative. Citizens of all ages and professional backgrounds are encouraged to sign up for the program...
EVIQ, a prominent electric vehicle infrastructure company in Saudi Arabia, has officially signed a Memorandum of Understanding with Lotus, a high-performance automotive and powertrain technology company. This partnership was announced on May 4, 2025, and is facilitated through Al Walan Trading, Lotus’s official distributor in the Kingdom. The main goal of this agreement is to...
BD (Becton, Dickinson and Company), a global leader in medical technology, has officially launched the BD Training Center in Riyadh, Saudi Arabia. This significant investment is aimed at empowering healthcare professionals by providing advanced education and fostering innovation, which aligns with the objectives of Saudi Vision 2030 and the National Healthcare Sector Transformation program. The...
Saudi Arabia’s space economy has reached a valuation of $8.7 billion in 2024 and is anticipated to grow to $31.6 billion by 2035, according to a recent report. This growth is outlined in the Space Market Report 2025 published by the Communications, Space and Technology Commission (CST). The report indicates that the space market, which...
TikTok, in collaboration with Blossom Accelerator, has introduced the ‘TikTok x Blossom SME Empowerment Program’ aimed at supporting young entrepreneurs in Saudi Arabia, with a special focus on women. This initiative is part of Saudi Vision 2030, which emphasizes the importance of small and medium-sized enterprises (SMEs) in boosting the country’s GDP, enhancing youth engagement...
Saudi Arabia has positioned itself as a leading player among the top ten global markets for energy storage. This development coincides with the launch of the Bisha Project, which has a capacity of 2000 megawatt-hours (MWh) and is recognized as one of the largest energy storage projects in the Middle East and Africa. The Kingdom,...