ROSHN Group has launched ROSHNEXT, its innovation arm aimed at transforming the real estate sector through hum ..Read More

ROSHN Group has launched ROSHNEXT, its innovation arm aimed at transforming the real estate sector through human-centric experiences, digital transformation, and cutting-edge technologies. The initiative builds on ROSHN’s prior efforts, including interactive mobility experiences, hackathons, a digital transaction platform supporting nearly half of sales, and its internal innovation program with 125+ employee-generated ideas. ROSHNEXT will strengthen partnerships with local and global innovation hubs, expand investment in emerging ventures, and support Saudi Vision 2030 goals by enhancing quality of life and economic diversification.
Read Less

• Construction

Sumou Real Estate Company has signed a SAR 680 million development agreement with Saudi Arabia’s National Ho ..Read More

Sumou Real Estate Company has signed a SAR 680 million development agreement with Saudi Arabia’s National Housing Company to build villas as part of the Areem Makkah project within the Makkah Gate development. The project will span 231,637.22 m² in area O2 and be completed over 42 months. Strategically located near the road from Jeddah to Makkah, Makkah Gate offers a full-service residential community just 30 minutes from the Holy Mosque, featuring integrated amenities and green spaces to enhance quality of life.
Read Less

• Construction

Aramco has successfully commissioned the world’s first megawatt-scale Iron-Vanadium (Fe/V) flow battery to p ..Read More

Aramco has successfully commissioned the world’s first megawatt-scale Iron-Vanadium (Fe/V) flow battery to power gas well operations in Wa’ad Al-Shamal, Saudi Arabia. Developed with Rongke Power, the 1-MWh system supports up to five wells, is designed for extreme climates, and provides a safer, more efficient, and low-maintenance alternative to traditional batteries. This innovation supports Aramco’s net-zero 2050 goal and renewable energy strategy.
Read Less

• Oil & Gas

Saudi Arabia’s Ministry of Energy, through SPPC and Nabah Renewable Energy Company (owned by ACWA Power, PIF ..Read More

Saudi Arabia’s Ministry of Energy, through SPPC and Nabah Renewable Energy Company (owned by ACWA Power, PIF’s Badeel, and SAPCO), signed a Solar PV Purchase agreement with Larsen & Toubro, Jinko Solar, and Neway Energy (NPT) for the 1,500 MW Al-Khushaybi Project in Qassim Province. The deal mandates 20% of PV panels to be locally manufactured, promoting localization, local content, and national manufacturing capabilities. This aligns with SPPC’s broader renewable energy expansion announced in June 2024.
Read Less

• Manufacturing
• Power

Matarat Holding signed an MoU with Thales at the Passenger Terminal Expo in Madrid to drive digital transforma ..Read More

Matarat Holding signed an MoU with Thales at the Passenger Terminal Expo in Madrid to drive digital transformation across 27 Saudi airports. The partnership aims to enhance passenger experience and operational efficiency using Thales's expertise in AI, biometrics, cybersecurity, and automation. This strategic collaboration aligns with Saudi Arabia’s Vision 2030 to establish a smart, secure aviation ecosystem.
Read Less

• Transport

G42, OpenAI, Oracle, NVIDIA, SoftBank, and Cisco have partnered to launch Stargate UAE, a 1-gigawatt AI comput ..Read More

G42, OpenAI, Oracle, NVIDIA, SoftBank, and Cisco have partnered to launch Stargate UAE, a 1-gigawatt AI compute cluster located in the 5-gigawatt UAE–U.S. AI Campus in Abu Dhabi, making it the largest AI infrastructure deployment outside the U.S. The facility, expected to go live in 2026, will be powered by nuclear, solar, and natural gas, and feature NVIDIA’s Grace Blackwell GB300 systems, secure infrastructure by Cisco, and Oracle’s AI-optimized cloud. This initiative supports the U.S.–UAE AI Acceleration Partnership, promoting responsible AI, digital sovereignty, and economic growth.
Read Less

• Construction

ROSHN Group, a PIF-backed real estate developer in Saudi Arabia, has been named the Kingdom’s most valuable ..Read More

ROSHN Group, a PIF-backed real estate developer in Saudi Arabia, has been named the Kingdom’s most valuable real estate brand by Brand Finance, with a valuation exceeding $1 billion—achieved in under five years. It now ranks third regionally and among the top twenty brands across all sectors in Saudi Arabia. ROSHN’s rapid growth, sector expansion (education, sports, healthcare), and role in building FIFA 2034 stadiums reflect its alignment with Saudi Vision 2030 and rising global stature.
Read Less

• Construction

At the Make it in the Emirates forum, ADNOC (UAE) awarded AED543 million ($147.8 million) in contracts to nine ..Read More

At the Make it in the Emirates forum, ADNOC (UAE) awarded AED543 million ($147.8 million) in contracts to nine UAE-based manufacturers, including Al Ghaith Industries and Union Chlorine, for locally made industrial products like PPE, chemicals, valves, and biodiesel. Enabled by its In-Country Value (ICV) programme, these deals aim to boost local manufacturing, reduce import reliance, and create Emirati private-sector jobs. ADNOC plans to locally produce AED90 billion ($24.5 billion) worth of products by 2030.
Read Less

• Oil & Gas