Browsing: Development

Cannes, March 14, 2026, SPA — Saudi Arabia concluded its participation in MIPIM in Cannes, France, under the “Invest Saudi” umbrella, with support from the Saudi Investment Promotion Authority (SIPA). During the event, the Kingdom’s investment ecosystem showcased promising opportunities in the real estate sector, which is undergoing rapid transformation and growing attractiveness for investors. This reflects Saudi Arabia’s rising position as a global investment destination, supported by regulatory and legislative reforms, including a system that allows non-Saudis to own real estate. The Saudi pavilion featured seve

Riyadh, March 02, 2026, SPA — The Kingdom of Saudi Arabia will host the Middle East edition of the “BIO / CPHI” Biotechnology and Pharmaceutical Development Forum in Riyadh under the patronage of the Ministry of Health and organized by Tahaluf Company from May 11 to 13, at Riyadh Convention and Exhibition Center in Malham. Hosting the forum underscores the growing international confidence in the Saudi healthcare sector’s investment and regulatory environment and highlights the Kingdom’s readiness to lead regional transformation in biotechnology and pharmaceutical development. The event aligns with the objectives of

Riyadh, March 02, 2026, SPA — The Saudi Green Building Forum (SGBF) has strengthened its international presence in the fields of science, technology, and innovation by announcing its participation in the 29th session of the United Nations Commission on Science and Technology for Development (CSTD). The CSTD secretariat has been hosted by the United Nations Conference on Trade and Development (UNCTAD) since 1993, following the approval of SGBF’s participation in CSTD’s work in an advisory capacity. The CSTD will convene its sessions from April 20 to 24, 2026, in the Assembly Hall at the Palais des Nationsin Geneva, Switzerland,

Riyadh, February 17, 2026, SPA — Minister of Environment, Water and Agriculture and Chairman of the Board of Directors of the National Livestock and Fisheries Development Program Abdulrahman Alfadley sponsored the signing of a memorandum of understanding yesterday between the program and the French company Ceva. A number of senior officials attended. The memorandum focuses on localizing vaccine manufacturing, transferring technology and technical expertise, and expanding the industrial and commercial production of veterinary vaccines across all regions of the Kingdom. Under the memorandum, the two sides will work to achieve high effici

AlUla, February 08, 2026, SPA — Islamic Development Bank (IsDB) Group President Dr. Muhammad Al-Jasser and Uzbekistan’s Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov signed financing agreements to support key infrastructure and social development projects on the sidelines of the Second AlUla Conference on Emerging Market Economies. The two sides also held talks to expand cooperation between the IsDB and Uzbekistan, focusing on accelerating high-impact initiatives aligned with Uzbekistan’s national development priorities. The first agreement covers a $70 million phase of the IsDB’s total $192

Riyadh, February 09, 2026, SPA — Minister of Industry and Mineral Resources Bandar Alkhorayef inaugurated the ministry’s pavilion at the third edition of the World Defense Show 2026 yesterday. The event, held in Riyadh from February 8 to 12, showcases the Kingdom’s integrated industrial and mining ecosystem. The pavilion, led by the Ministry of Industry and Mineral Resources, features the participation of key sector entities, including the Royal Commission for Jubail and Yanbu, the Saudi Export Development Authority, the Saudi Export-Import Bank, the Saudi Geological Survey, the Saudi Industrial Development Fund, the National In

Jeddah, February 4, 2026, SPA — Islamic Development Bank (IsDB) Group Chairman Dr. Muhammad Al Jasser met yesterday in Jeddah with Djiboutian Minister of Economy and Finance Ilyas Moussa Dawaleh. The meeting focused on strengthening the strategic partnership and initial measures aligned with Djibouti’s national economic and investment development agenda, as well as discussing future cooperation, including preparations for a participation framework with the scheduled countries in 2027. Dr. Al Jasser affirmed IsDB’s commitment to supporting the health sector, urban development, food security, and inclusive and sustainable gro

Riyadh, January 25, 2026, SPA — Under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, Riyadh will host tomorrow the third edition of the Global Labor Market Conference (GLMC). The conference will be held under the theme “Future in Progress,” with high-level participation from decision-makers, thought leaders, and experts from around the world. Minister of Human Resources and Social Development Ahmed Al-Rajhi affirmed that convening the third edition of GLMC under the patronage of the Custodian of the Two Holy Mosques reflects the Kingdom’s commitment to its international role in adva

Riyadh, January 23, 2026, SPA — The Education and Training Investment Forum 2026 will launch its second edition, aiming to strengthen partnerships with the private sector and attract local and international investment. Organized by the Ministry of Education, the two-day forum will take place on January 25-26 under the patronage of Minister of Education Yousef Al-Benyan at the Hilton Riyadh Hotel and Residences. The forum will bring together a wide range of government, financing, and investment entities, the education and training ecosystem, and more than 1,500 participants from educational institutions, as well as a select group of invest

Jeddah, January 22, 2026, SPA – In Islamabad, the Islamic Development Bank (IsDB) signed three financing agreements with the government of Pakistan, with a total value of $603.4 million. The agreements were signed by IsDB Vice President for Operations Dr. Rami Ahmad, in the presence of Federal Minister for Economic Affairs Ahad Khan Cheema and several other officials. The first agreement, valued at $118.4 million, will enable 68,500 households to improve their livelihoods by contributing significantly to job creation and human capital development. The second agreement finances the M6 Motorway project for $475 million, covering 120.8 km