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

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

AECOM will continue its partnership with Saudi Arabia’s Ministry of Sport to provide site supervision consul ..Read More

AECOM will continue its partnership with Saudi Arabia’s Ministry of Sport to provide site supervision consultancy for the transformation of King Fahd Sport City in Riyadh, ahead of the AFC Asian Cup 2027 and the 2034 FIFA World Cup™. The project aligns with Saudi Vision 2030, aiming to enhance sports infrastructure and economic growth. AECOM Hunt, with experience from global sports venues like SoFi and Mercedes Benz Stadium, will play a key role in the upgrade.
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• Construction

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

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