Development

Global firms including Foster & Partners, Jacobs Engineering, Mace, and Nera have been signed on for the new phase of development at King Salman International Airport in the Saudi capital. Being developed by the King Salman…
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A three-year project to develop King Abdulaziz Park in the nation’s capital is underway following the completion of a design competition, the Royal Commission for Riyadh City announced on Wednesday. The winning design was one of several…
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The Eastern Province Municipality has recently confirmed more than 6,000 contracts in the field of investments and revenue development in the cities and governorates of the province, the Saudi Press Agency reported. According to SPA,…
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Hajj and Umrah pilgrims in Madinah are always particularly interested in those historic and archaeological monuments linked to Prophet Muhammad, seeking to learn more about the sites and how their facilities have been developed over the…
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Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, signed the first concessional development loan agreement of $103 million with Bruno Gallardo, Nicaragua’s vice minister of finance and public credit, in Nicaragua. The…
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CEO of the Saudi Fund for Development Sultan bin Abdulrahman Al-Marshad signed on Friday two development loan agreements with the Maldives’ Minister of Finance Dr. Mohammed Shafiq. These agreements will contribute to financing the Velana…
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Saudi Arabia and China stand to gain by sharing expertise in city planning, sustainable urban development, and construction technology as officials from both sides met in Beijing. Saudi Minister of Municipal and Rural Affairs and Housing…
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Saudi Arabia is gearing up to expand its hospitality sector by developing 320,000 new hotel rooms by 2030, according to an analysis by global property giant Knight Frank. The consultancy’s study disclosed that as much as 67 percent of…
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Global economic growth is anticipated to slow to 2.6 percent in 2024, with the UN Trade and Development agency highlighting an uneven post-pandemic financial recovery among countries. In its latest report, UNCTAD revealed that the…
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Saudi Arabia is set to witness the development of new luxury resorts as the Tourism Development Fund signed a memorandum of understanding with Karisma Hotels and Resorts International, the Saudi Press Agency reported. The signing took…
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