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.
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• 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.
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• 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.
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• 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.
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• Transport

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.
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• Construction

NMDC LTS, a logistics and technical services arm of NMDC Group, signed an MoU with China-based Jiangsu Huaying ..Read More

NMDC LTS, a logistics and technical services arm of NMDC Group, signed an MoU with China-based Jiangsu Huaying Valves Co. Ltd at the Make it in the Emirates (MIITE) forum to explore a joint venture for a valve assembly and distribution facility in the UAE, targeting the energy sector. The collaboration leverages NMDC’s regional expertise and aligns with UAE’s industrial growth goals, with NMDC also active in Saudi Arabia, Oman, Taiwan, and Vietnam.
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• Construction

DataVolt, a Saudi Arabian data center firm, signed a $20 billion multi-year partnership with U.S.-based Superm ..Read More

DataVolt, a Saudi Arabian data center firm, signed a $20 billion multi-year partnership with U.S.-based Supermicro to deliver advanced GPU platforms and rack systems for hyperscale AI campuses in Saudi Arabia and the U.S. The collaboration supports green energy goals using gigawatt-class renewable and hydrogen power, while securing a U.S.-made supply chain for AI infrastructure. This move aligns with Saudi Arabia’s ambition to become a global tech hub.
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• Construction

The Misk Heritage Museum “Asaan” has begun construction in Diriyah, Saudi Arabia, coinciding with Internat ..Read More

The Misk Heritage Museum “Asaan” has begun construction in Diriyah, Saudi Arabia, coinciding with International Museum Day. Spanning 40,000 sq. meters, the museum will feature immersive cultural experiences, a conservation lab, and programs promoting Saudi heritage. Designed by Zaha Hadid Architects, Asaan reflects Najdi architectural style and aligns with Vision 2030 to preserve and celebrate national identity.
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• Construction