Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia’s PIF (70%) and South ..Read More

Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia’s PIF (70%) and South Korea’s Hyundai (30%), held its groundbreaking ceremony in the King Salman Automotive Cluster at KAEC. The facility—Hyundai’s first in the Middle East—aims to produce 50,000 ICE and EV vehicles annually starting Q4 2026, creating thousands of jobs and supporting Vision 2030 goals. The plant will enhance local capabilities, drive industrial growth, and accelerate Saudi Arabia’s position in the global automotive sector.
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• Manufacturing
• Transport

Saudi Arabian Mining Company (Maaden) and US-based MP Materials signed an MoU during the US-Saudi Investment F ..Read More

Saudi Arabian Mining Company (Maaden) and US-based MP Materials signed an MoU during the US-Saudi Investment Forum 2025 to explore the development of a fully integrated rare earth supply chain in Saudi Arabia. The partnership aims to advance mining, refining, and magnet production of Rare Earth Elements (REEs), leveraging Saudi Arabia’s infrastructure and energy base. This strategic move supports growing demand in sectors like robotics, aerospace, and energy, while strengthening US-Saudi economic ties.
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• Mining

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in ..Read More

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in Riyadh, expanding its total partnerships with American firms to over USD 6 billion. The agreements cover collaborations with GE Vernova (gas turbines and grid systems), Baker Hughes (green hydrogen), KBR (ammonia and engineering services), and Energy Recovery (desalination efficiency). These partnerships support Saudi Arabia’s Vision 2030 and net-zero 2060 goals.
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• Power

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to deve ..Read More

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to develop 400 km of the Sultan Said bin Taimour Road (Adam-Haima-Thumrait), enhancing north-south connectivity. The projects, each spanning ~132.5 km and to be completed in 36 months, were awarded to Omani-Saudi consortia. Once completed, the road will be Oman’s longest dual carriageway, boosting transport, logistics, tourism, and economic development.
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• Construction

Bechtel (USA) has signed an agreement with the King Salman International Airport Development Company (Saudi Ar ..Read More

Bechtel (USA) has signed an agreement with the King Salman International Airport Development Company (Saudi Arabia) to serve as the delivery partner for three major terminals at the upcoming King Salman International Airport (KSIA) in Riyadh. The airport, expected to be the world’s largest, will feature six parallel runways and handle 185 million passengers and 3.5 million tons of cargo annually by 2050. The project includes a commercial terminal, Terminal 6 for low-cost carriers, and a private aviation terminal, all targeting LEED Platinum certification, and aligns with Saudi Vision 2030.
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• Construction

Parsons Corporation (USA) has been awarded two major Delivery Partner contracts by the King Salman Internation ..Read More

Parsons Corporation (USA) has been awarded two major Delivery Partner contracts by the King Salman International Airport Development Company (KSA), owned by the Public Investment Fund. The contracts cover airfield assets (runways, taxiways, control towers) and landside infrastructure (roads, tunnels, rail, utilities) for the upcoming King Salman International Airport in Riyadh. Spanning an initial 4-year phase, the project supports Saudi Vision 2030 and aims to handle 120 million passengers by 2030 and 185 million by 2050 across 6 parallel runways on a 57 km² site.
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• Construction

NEOM Investment Fund (NIF) has made a strategic investment in US-based MemryX to advance energy-efficient Edge ..Read More

NEOM Investment Fund (NIF) has made a strategic investment in US-based MemryX to advance energy-efficient Edge AI semiconductor solutions crucial for NEOM’s AI-native digital infrastructure. The partnership aims to accelerate the deployment of next-gen computing technologies, enabling local video data processing and reducing reliance on centralized systems. This aligns with NIF’s broader mission to scale frontier technologies and build a cognitive, AI-driven economy.
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• NEOM

Saudi Arabia’s National Water Company (NWC) launched 15 wastewater development projects worth over SAR 2.3 b ..Read More

Saudi Arabia’s National Water Company (NWC) launched 15 wastewater development projects worth over SAR 2.3 billion to serve 1.3 million beneficiaries in Jeddah. Key initiatives include the SAR 774M Eastern Tunnel Project (14 km) and SAR 915M airport sewage lifting station (capacity: 611,000 m³/day), both enhancing environmental services in eastern Jeddah. Additional efforts involve sewerage expansion in Samer districts and feeder line projects across Al Waha, Al Shati, Al Zahraa, and others, plus two surface water lowering projects costing SAR 620M and covering 238 km for 184,000 people. These projects support Saudi Vision 2030 goals for improved service quality and operational efficiency.
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• Water