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Welcome to our Resource Center, your hub for the latest insights and updates in the MENA region. Explore our collection of blogs, discover funding deals, stay informed on government initiatives, and keep up with key business conferences

Government Initiative in Saudi Arabia

Read about all the government initiative in Saudi Arabia

Saudi Arabia

  •  December 01, 2024

Arabian Cement Company, Saudi Arabia, has signed an agreement with the National Electricity Transmission Compa ..Read More

Arabian Cement Company, Saudi Arabia, has signed an agreement with the National Electricity Transmission Company to establish a 101 MVA power transmission station at its Rabigh plant under the Liquid Displacement Program. The project, set for completion by the end of 2025, aims to reduce emissions, enhance grid reliability, and align with national energy and industrial objectives.
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Saudi Arabia

  •  December 01, 2024

His Majesty King Salman bin Abdulaziz Al Saud inaugurated the Riyadh Metro network, a 176-kilometer fully-auto ..Read More

His Majesty King Salman bin Abdulaziz Al Saud inaugurated the Riyadh Metro network, a 176-kilometer fully-automated system with 6 lines, aimed at improving urban mobility in line with Vision 2030. Webuild Group contributed to the project, including the longest metro line and the Qasr Al Hokm Downtown Metro Station, a symbol of modernity blending with tradition. Webuild, with a long presence in Saudi Arabia, is also involved in major projects like NEOM and water infrastructure initiatives in the region.
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Saudi Arabia

  •  November 30, 2024

The Roads General Authority (RGA), alongside the National Center for Privatization (NCP), has announced the li ..Read More

The Roads General Authority (RGA), alongside the National Center for Privatization (NCP), has announced the list of 42 companies (27 Saudi and 15 international) expressing interest in the operation, maintenance, and development of Motorway Service Areas (MSAs) on the Jeddah–Makkah Direct Highway. The project, involving a dual 4-lane 64 km highway with four MSAs, includes a 10-year contract covering design, build, finance, operation, and maintenance services, aligned with Saudi Arabia's Roads Strategy and National Transport and Logistics Strategy.
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Saudi Arabia

  •  November 30, 2024

The Water Transmission Company (WTCO) has announced 31 bidders for the Ras Mohaisen–Baha–Makkah Independen ..Read More

The Water Transmission Company (WTCO) has announced 31 bidders for the Ras Mohaisen–Baha–Makkah Independent Water Transmission System (IWTS), a 300 km project with a daily capacity of 515,000 cubic meters. Developed on a DBFLT model, the initiative aligns with Saudi Vision 2030 and the National Water Strategy to enhance water sustainability and desalination. The selected developer will lease the transmission capacity to WTCO for up to 35 years.
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Saudi Arabia

  •  November 11, 2024

NEOM announced leading partners for the first phase of THE LINE, including DMAA, Gensler, and Mott MacDonald. ..Read More

NEOM announced leading partners for the first phase of THE LINE, including DMAA, Gensler, and Mott MacDonald. These firms will provide urban design, planning, and engineering expertise, ensuring a sustainable and innovative city design. THE LINE aims to redefine urban living with vertical city planning, no roads or cars, and a strong focus on nature and sustainability.
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Saudi Arabia

  •  October 31, 2024

EDF Group and the Masdar Consortium have achieved financial close on a $1.5 billion multi-utilities infrastruc ..Read More

EDF Group and the Masdar Consortium have achieved financial close on a $1.5 billion multi-utilities infrastructure project for AMAALA, Saudi Arabia’s luxury, eco-friendly Red Sea destination. Powered by 250 MW of solar energy, advanced desalination, and battery storage, the project positions AMAALA to lead in regenerative tourism and sustainability, with completion targeted for 2025.
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Saudi Arabia

  •  October 31, 2024

Alfanar has secured SAR 20 billion in strategic contracts with Saudi Electricity Company to deliver the Middle ..Read More

Alfanar has secured SAR 20 billion in strategic contracts with Saudi Electricity Company to deliver the Middle East’s largest high-voltage direct current (HVDC) project, advancing renewable integration and grid stability across Saudi Arabia. The 7 GW transmission link will connect key regions, supporting Vision 2030’s energy goals and enhancing the nation’s infrastructure for sustainable energy advancements.
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Saudi Arabia

  •  October 30, 2024

PIF and Google Cloud have partnered to create an AI hub near Dammam, Saudi Arabia, with the aim of driving AI ..Read More

PIF and Google Cloud have partnered to create an AI hub near Dammam, Saudi Arabia, with the aim of driving AI innovation, advancing workforce development, and developing advanced Arabic language models. The hub is projected to boost Saudi Arabia’s GDP by $71 billion and create thousands of jobs, contributing to a 50% growth in the ICT sector and strengthening Saudi Arabia's position in AI and digital technology.
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