/main-category/giga-projects en /node/2614900/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan%C2%A0%C2%A0">Nirmal Narayanan  </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-09-11 13:04</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Diriyah Co., backed by º£½ÇÖ±²¥â€™s sovereign wealth fund, awarded contracts worth SR18.75 billion ($5 billion) in the first half of 2025, as the historic capital’s redevelopment speeds up. </p> <p> The total value of contracts, spanning 15 agreements including six memorandums of understanding and nine construction projects, underscores the project’s expanding scale, according to a press release.  </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/09/11/4638520-2138658814.jpeg" width="914" height="560" alt="" title="The total value of contracts, spanning 15 agreements including six memorandums of understanding and nine construction projects, underscores the project’s expanding scale. Supplied/File" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/diriyah">Diriyah</a></div><div class="field-item odd"><a href="/tags/projects">Projects</a></div><div class="field-item even"><a href="/tags/investment">Investment</a></div></div></div> Thu, 11 Sep 2025 10:07:18 +0000 ameen.syed 2614900 at /node/2610602/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid">Reem Walid</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2025-08-04 15:55</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Saudi-grown hotel brands will be introduced across Qiddiya City under a new strategic partnership between its developer and Adeera, the hospitality group backed by the Public Investment Fund. </p> <p> The agreement with Qiddiya Investment Co. — also a PIF company — marks a new milestone for Adeera, which was launched in December 2024 to develop and manage a portfolio of homegrown hotel brands. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/08/04/4627520-1514543121.png" width="987" height="565" alt="" title="Qiddiya City is expected to employ over 200,000 people and attract more than 40 million visitors annually. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/adeera">Adeera</a></div><div class="field-item odd"><a href="/tags/qiddiya-city">Qiddiya City</a></div><div class="field-item even"><a href="/tags/qiddiya-investment-co">Qiddiya Investment Co.</a></div><div class="field-item odd"><a href="/tags/public-investment-fund-pif">Public Investment Fund (PIF)</a></div></div></div> Mon, 04 Aug 2025 13:01:10 +0000 owen.bennett 2610602 at /node/2608273/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/206261">MOHAMMED AL-KINANI</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-07-16 15:47</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> JEDDAH: º£½ÇÖ±²¥â€™s entertainment landscape is set for a major boost with the awarding of a SR5.75 billion ($1.53 billion) contract to construct a 20,000-seat arena as part of the Diriyah development. </p> <p> Diriyah Co., a subsidiary of the Public Investment Fund, has awarded the contract to a branch of China Harbor Engineering Co. for the Arena Block, a district that will include the Diriyah Arena, three mixed-use office buildings, and a parking facility, the company announced. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/07/16/4621579-1040045027.jpg" width="1000" height="667" alt="" title="The Diriyah project, located on the northwestern outskirts of the capital, Riyadh, is one of five giga-projects backed by PIF under the Vision 2030 plan. Supplied" /></div><div class="field-item odd"><img src="/sites/default/files/2025/07/16/4621580-1978624752.jpg" width="1000" height="562" alt="" title="The Diriyah project, located on the northwestern outskirts of the capital, Riyadh, is one of five giga-projects backed by PIF under the Vision 2030 plan. Supplied" /></div><div class="field-item even"><img src="/sites/default/files/2025/07/16/4621581-1954082917.jpg" width="1000" height="562" alt="" title="The Diriyah project, located on the northwestern outskirts of the capital, Riyadh, is one of five giga-projects backed by PIF under the Vision 2030 plan. Supplied" /></div><div class="field-item odd"><img src="/sites/default/files/2025/07/16/4621582-853445992.jpg" width="1000" height="562" alt="" title="The Diriyah project, located on the northwestern outskirts of the capital, Riyadh, is one of five giga-projects backed by PIF under the Vision 2030 plan. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/diriyah-co">Diriyah Co.</a></div><div class="field-item odd"><a href="/tags/jerry-inzerillo">Jerry Inzerillo</a></div><div class="field-item even"><a href="/tags/diriyah-project">Diriyah project</a></div><div class="field-item odd"><a href="/tags/saudi-arabias-public-investment-fund-pif">º£½ÇÖ±²¥&#039;s Public Investment Fund (PIF)</a></div><div class="field-item even"><a href="/category/tags/saudi-arabia">º£½ÇÖ±²¥</a></div></div></div> Wed, 16 Jul 2025 12:57:39 +0000 sarah.glubb 2608273 at /node/2608047/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/mohammad-al-kinani">Mohammad Al-Kinani</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2025-07-14 14:43</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> JEDDAH: º£½ÇÖ±²¥â€™s Diriyah Square project has awarded a $600 million contract to Italian construction firm Webuild, marking a major step forward for the Kingdom’s heritage-driven development.</p> <p> The contract, awarded to a subsidiary of the Italian group — Salini º£½ÇÖ±²¥ — covers the construction of 70 buildings and public spaces within the mixed-use development, which forms part of the broader Diriyah master plan. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/07/14/4620986-447947780.jpg" width="1280" height="720" alt="" title="Diriyah Square is a central component of Diriyah Co.’s strategy to transform the historic district into a commercial, residential, and cultural hub. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/diriyah-square">Diriyah Square</a></div><div class="field-item odd"><a href="/tags/salini-saudi-arabia">Salini º£½ÇÖ±²¥</a></div><div class="field-item even"><a href="/tags/diriyah-co">Diriyah Co.</a></div></div></div> Mon, 14 Jul 2025 11:48:27 +0000 owen.bennett 2608047 at /node/2603474/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/miguel-hadchity%C2%A0">MIGUEL HADCHITY </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-06-05 14:07</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: º£½ÇÖ±²¥â€™s $500-billion giga-project NEOM has installed the Kingdom’s first fully automated, remote-controlled cranes at its Red Sea port as it moves ahead with plans to begin operations in 2026. </p> <p> The delivery of next-generation ship-to-shore and electric rubber-tyred gantry cranes marks a key milestone in the development of Terminal 1, which will accommodate the world’s largest container ships. NEOM is aiming to position the facility as a global logistics hub connecting Asia, Europe, and Africa. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/06/05/4608927-1763001835.jpeg" width="1280" height="855" alt="" title="NEOM is aiming to position its port as a global logistics hub connecting Asia, Europe, and Africa. NEOM" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/neom">NEOM</a></div><div class="field-item odd"><a href="/tags/neom-port">NEOM Port</a></div></div></div> Thu, 05 Jun 2025 11:14:11 +0000 owen.bennett 2603474 at /node/2598884/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/206261">MOHAMMED AL-KINANI</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2025-04-29 15:25</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> JEDDAH: º£½ÇÖ±²¥â€™s Diriyah Co. has awarded a SR4.22 billion ($1.13 billion) construction contract to relocate King Saud University’s utilities and administration offices, advancing infrastructure development in one of the Kingdom’s flagship urban projects. </p> <p> The project was given to a joint venture between China Railway Construction Corp.’s Saudi branch and China Railway Construction Group Central Plain Construction Co., according to a press release. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/04/29/4597076-1228369801.png" width="1332" height="880" alt="" title="Jerry Inzerillo, group CEO of Diriyah Co, shaking hands with Li Chongyang, chairman of China Railway Construction International Group. Diriyah Co." /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/diriyah-co">Diriyah Co.</a></div><div class="field-item odd"><a href="/tags/diriyah">Diriyah</a></div><div class="field-item even"><a href="/tags/king-saud-university">King Saud University</a></div></div></div> Tue, 29 Apr 2025 12:30:21 +0000 owen.bennett 2598884 at /node/2593466/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/206261">MOHAMMED AL-KINANI</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-03-13 14:04</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> JEDDAH: Banque Saudi Fransi has signed a financing deal worth SR6 billion ($1.6 billion) with Diriyah Co. to develop the Wadi Safar project, highlighting the private sector’s role in driving economic growth.</p> <p> The development is a key cultural and tourism destination within the larger Diriyah area, which aims to attract over 50 million visitors by 2030 while supporting major initiatives, according to the bank, which rebranded as BSF in June after 48 years in the market.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/03/13/4582508-196682926.png" width="790" height="428" alt="" title="Bader Al-Salloom, CEO of BSF, and Jerry Inzerillo, CEO of Diriyah Co. at the signing ceremony. Banque Saudi Fransi" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/banque-saudi-fransi">Banque Saudi Fransi</a></div><div class="field-item odd"><a href="/tags/diriyah-co">Diriyah Co.</a></div><div class="field-item even"><a href="/tags/wadi-safar">Wadi Safar</a></div></div></div> Thu, 13 Mar 2025 11:13:29 +0000 owen.bennett 2593466 at /node/2593352/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nadin-hassan">Nadin Hassan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-03-12 15:09</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: º£½ÇÖ±²¥â€™s residential real estate market is set for a significant surge, with private buyers expected to invest SR4.58 billion ($1.22 billion) this year, according to an analysis.</p> <p> The Saudi Report 2025 by global property consultancy firm Knight Frank, conducted in collaboration with YouGov, highlights that investors are willing to pay substantial premiums for homes within the Kingdom’s mega-development projects.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/03/12/4582233-1741810021.jpeg" width="1200" height="800" alt="NEOM has emerged as the most sought-after destination, with 41 percent of respondents earning over SR80,000 per month expressing an intent to spend more than SR20 million on homes in such large-scale developments. Supplied" title="NEOM has emerged as the most sought-after destination, with 41 percent of respondents earning over SR80,000 per month expressing an intent to spend more than SR20 million on homes in such large-scale developments. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/real-estate">real estate</a></div><div class="field-item odd"><a href="/tags/neom">NEOM</a></div></div></div> Wed, 12 Mar 2025 12:13:53 +0000 shahrukh.jamshed 2593352 at /node/2588286/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/miguel-hadchity%C2%A0">MIGUEL HADCHITY </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-01-29 17:56</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The Diriyah project is experiencing strong success in residential real estate sales and is now targeting mid-level buyers, said a top executive. </p> <p> On the final day of the Real Estate Future Forum, Jerry Inzerillo, group CEO of Diriyah Co., highlighted the rapid growth of the area’s residential and commercial property market, emphasizing the strong demand for homes.</p> <p> He also spoke about the continued expansion of Diriyah’s business landscape, with plans to open Zallal in April, which will feature 23 new businesses, further boosting the area’s appeal. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/29/4568533-1226822459.png" width="1699" height="953" alt="" title="Jerry Inzerillo, group CEO of Diriyah Co., speaking at the Real Estate Future Forum. Screenshot" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/RFF2025">RFF2025</a></div><div class="field-item odd"><a href="/tags/giga-projects">giga-projects</a></div><div class="field-item even"><a href="/tags/diriyah-gate">Diriyah Gate</a></div><div class="field-item odd"><a href="/tags/diriyah-co">Diriyah Co.</a></div><div class="field-item even"><a href="/tags/jerry-inzerillo">Jerry Inzerillo</a></div></div></div> Wed, 29 Jan 2025 15:09:11 +0000 owen.bennett 2588286 at /node/2584713/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2024-12-30 12:44</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: º£½ÇÖ±²¥â€™s Public Investment Fund continues to play a key role in the Kingdom’s economic transformation, leading efforts to diversify revenue streams and reduce reliance on oil. </p> <p> With assets under management reaching $925 billion, PIF ranks among the world’s most influential sovereign wealth funds, driving investments in technology, infrastructure, sustainability, and culture throughout 2024.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/30/4559107-199826273.jpg" width="1000" height="696" alt="" title="PIF’s investments in 2024 reflect its multi-pronged approach to transforming º£½ÇÖ±²¥â€™s economy. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/category/tags/saudi-arabia">º£½ÇÖ±²¥</a></div><div class="field-item odd"><a href="/tags/saudi-arabia%E2%80%99s-public-investment-fund-pif">º£½ÇÖ±²¥â€™s Public Investment Fund (PIF)</a></div><div class="field-item even"><a href="/tags/pif">PIF</a></div></div></div> <span class="label abs-el uppercase special"> Special </span> Mon, 30 Dec 2024 09:48:13 +0000 sarah.glubb 2584713 at /node/2584620/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid">Reem Walid</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2024-12-29 12:39</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Oxagon, the industrial cornerstone of NEOM, has solidified its position as a critical hub for logistics and manufacturing, perfectly aligned with º£½ÇÖ±²¥â€™s Vision 2030.</p> <p> Through a blend of innovation, sustainability, and technological progress, Oxagon has become a global model for future industrial development. Spanning approximately 50 sq. km, it ranks among the largest floating industrial complexes worldwide and is on track to achieve 100 percent renewable energy use by 2030.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/29/4558868-69743740.jpg" width="1920" height="1080" alt="Spanning approximately 50 sq. km, Oxagon ranks among the largest floating industrial complexes worldwide. Photo/Supplied" title="Spanning approximately 50 sq. km, Oxagon ranks among the largest floating industrial complexes worldwide. Photo/Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/2024-year-review">2024 year in review</a></div><div class="field-item odd"><a href="/tags/neom">NEOM</a></div><div class="field-item even"><a href="/tags/oxagon">OXAGON</a></div></div></div> Sun, 29 Dec 2024 09:47:30 +0000 shahrukh.jamshed 2584620 at /node/2583096/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid">Reem Walid</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2024-12-14 22:48</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Amid º£½ÇÖ±²¥â€™s bold quest to break free from its oil dependency, transformative giga-projects are emerging as game changers, paving the way for a vibrant, diversified economy.</p> <p> One development that stands out is the New Murabba project, which is set to transform Riyadh by creating a new city district that acts as a portal to a whole new experience.</p> <p> Launched in 2023 by Crown Prince Mohammed bin Salman, New Murabba will cover 19 sq. km., creating a dynamic new city area in the Kingdom’s capital.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/14/4554840-385002361.jpg" width="1200" height="616" alt="" title="Drawing inspiration from the Najdi architectural style, the cube shaped structure will add a new dimension to the Riyadh skyline. (Supplied)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/new-murabba">New Murabba</a></div><div class="field-item odd"><a href="/category/tags/riyadh">Riyadh</a></div><div class="field-item even"><a href="/tags/saudi-giga-projects-0">Saudi giga-projects</a></div></div></div> Sat, 14 Dec 2024 19:57:57 +0000 Sajjadkk 2583096 at /node/2581910/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid%C2%A0%C2%A0">Reem Walid  </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2024-12-05 15:33</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: NEOM’s food company, Topian, has unveiled its first high-tech greenhouse in Oxagon, the industrial hub along º£½ÇÖ±²¥â€™s Red Sea coast. </p> <p> The four-hectare facility, located in Oxagon Innovation Bay, is designed to pilot sustainable and localized food production using advanced agricultural technologies, according to a press releasae.</p> <p> The greenhouse is expected to produce nearly 4,000 tonnes of fruits and vegetables annually while developing AI-driven predictive models to optimize operations in similar environments. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/05/4551735-1645117161.jpg" width="1500" height="1000" alt="" title="The four-hectare facility, located in Oxagon Innovation Bay, is designed to pilot sustainable and localized food production using advanced agricultural technologies. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/neom">NEOM</a></div><div class="field-item odd"><a href="/tags/farming">farming</a></div></div></div> Thu, 05 Dec 2024 12:35:25 +0000 ameen.syed 2581910 at /node/2581873/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nadin-hassan">Nadin Hassan</a></div><div class="field-item odd"><a href="/article-authors/nour-el-shaeri%C2%A0">Nour El-Shaeri </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2024-12-05 09:51</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: NEOM Green Hydrogen Co., part of º£½ÇÖ±²¥â€™s futuristic city NEOM, is building a foundation for a transformative clean energy sector, aiming for global leadership rather than merely establishing the world’s largest production plant, said its CEO. </p> <p> In an interview with Arab News on the sidelines of the Saudi Green Initiative Forum, Wesam Al-Ghamdi emphasized the project’s broader objectives, highlighting its alignment with º£½ÇÖ±²¥â€™s Vision 2030 and the country’s decarbonization and economic transformation goals. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/05/4551648-1983837963.jpeg" width="4160" height="2773" alt="" title=" In an interview with Arab News on the sidelines of the Saudi Green Initiative Forum, Wesam Al-Ghamdi emphasized the project’s broader objectives. AN Photo" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/COP16">COP16</a></div><div class="field-item odd"><a href="/tags/neom">NEOM</a></div><div class="field-item even"><a href="/tags/hydrogen">Hydrogen</a></div><div class="field-item odd"><a href="/tags/business">business</a></div></div></div> <span class="label abs-el uppercase special"> Special </span> Thu, 05 Dec 2024 06:55:27 +0000 ameen.syed 2581873 at /node/2581742/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/syed-ameen-kader%C2%A0">SYED AMEEN KADER </a></div><div class="field-item odd"><a href="/article-authors/and">and</a></div><div class="field-item even"><a href="/article-authors/nadin-hassan%C2%A0%C2%A0">NADIN HASSAN  </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2024-12-04 09:33</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Saudi Crown Prince Mohammed bin Salman has launched the National Red Sea Sustainability Strategy, an initiative aimed at safeguarding the marine environment, supporting local communities, and advancing the Kingdom’s transition to a blue economy.  </p> <p> The strategy is part of Saudi Vision 2030 and ties into national priorities for research, development, and innovation, particularly in environmental sustainability, the Saudi Press Agency reported. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/04/4551299-2075818025.jpeg" width="670" height="395" alt="" title="Saudi Crown Prince Mohammed bin Salman has launched the National Red Sea Sustainability Strategy, an initiative aimed at safeguarding the marine environment, supporting local communities, and advancing the Kingdom’s transition to a blue economy.  File" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/giga-projects">Giga-Projects</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/red-sea">Red Sea</a></div><div class="field-item odd"><a href="/tags/saudi-arabia%E2%80%99s-crown-prince-mohammed-bin-salman">º£½ÇÖ±²¥â€™s Crown Prince Mohammed bin Salman</a></div><div class="field-item even"><a href="/tags/blue-economy">Blue economy</a></div><div class="field-item odd"><a href="/tags/business">business</a></div><div class="field-item even"><a href="/COP16">COP16</a></div></div></div> <span class="label abs-el uppercase special"> Special </span> Wed, 04 Dec 2024 06:41:16 +0000 ameen.syed 2581742 at