Browsing: Development

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

Riyadh, January 19, 2026, SPA — At the heart of the intellectual momentum witnessed at the Saudi Media Forum 2026, a new formulation of media’s role emerges – one that goes beyond transmitting news to shaping the features of the future. Visions converge in two panel discussions around a media industry that uplifts societies economically and integrates with people and place in a unique thematic unity. This journey begins with empowering comprehensive development and creating opportunities, and extends to building a national identity linked to urban planning and tourism investment. Media work here becomes an integrative mission that blen

Hail, January 17, 2026, SPA — Under the patronage of Hail Region Governor and Hail Region Development Authority Board Chairman Prince Abdulaziz bin Saad bin Abdulaziz, Hail Region entered the Guinness World Records yesterday after successfully organizing the world’s largest off-road production cars convoy at the historic Tuwaren area northwest of Hail. The convoy set off with 501 off-road production cars, traversing a 7-kilometer unpaved desert route in an exceptional spectacle that embodied the spirit of adventure, showcased the region’s natural diversity and terrain, and reinforced Hail’s position as a leading winter d

Jeddah, January 13, 2026, SPA — Permanent Representative of the Kingdom of Saudi Arabia to the Organization of Islamic Cooperation (OIC) Saleh Al-Suhaibani received at his office in Jeddah Executive Director of the Islamic Solidarity Fund (ISF) Mohammed bin Sulaiman Aba Al-Khail. During the meeting, the two officials reviewed the ISF’s efforts, which serve as a key institution supporting humanitarian and development initiatives within the OIC. The fund also functions as an important humanitarian arm of the OIC, implementing various development programs and projects.

Madinah, January 9, 2026, SPA — The Qiblatain Mosque and Cultural Center in Madinah received more than eight million visitors from February through December 2025, reflecting the city’s growing stature as an urban, cultural, and tourism destination. The turnout reflects development efforts led by Madinah Region Development Authority under Saudi Vision 2030. The work aims to improve quality of life, enhance the appeal of cultural centers, and raise service efficiency for visitors and residents. The center is one of Madinah’s key projects to enrich the visitor experience. It has upgraded the urban landscape and provides an int

NEW PARTNERSHIP SUPPORTS THE HOLY CITIES EVOLVING HOSPITALITY LANDSCAPE, PARTICULARLY IN MADINAH, AT A TIME OF ROBUST VISITOR GROWTH AND DEMAND FOR INTERNATIONALLY BRANDED HOTELS. MADINAH, KINGDOM OF SAUDI ARABIA, DECEMBER 16, 2025 — Accor, a world-leading hospitality group and the largest hotel operator in the Kingdom of Saudi Arabia, has signed an agreement with Madinah-based developer Arbah Taiba for Real Estate Development and Investment, to develop Novotel Madinah North. The new hotel will be located minutes from the iconic Al Masjid an-Nabawi and is scheduled to open in 2028. The collaboration draws on Arbah Taiba’s lo

Riyadh, November 24, 2025, SPA — The Council of Economic and Development Affairs held a meeting via video conference. At the beginning of the meeting, the council reviewed the Ministry of Economy and Planning’s quarterly economic report, which included an analysis of the latest developments in major economies, the outlook for the global economy, a comprehensive overview of the national economy across its various sectors, future projections, and the key assumptions and drivers supporting growth prospects. It noted that the Kingdom’s economy continued its strong growth, driven by the positive performance of all economic activities.

Riyadh, November 25, 2025, SPA — The National Industrial Development and Logistics Program (NIDLP) is a strategic sponsor of the Global Industry Summit 2025, the 21st General Conference of the United Nations Industrial Development Organization (UNIDO), held in Riyadh from November 23 to 27, showcasing its initiatives that enhance competitiveness and support sustainable transformation. At its pavilion, NIDLP presents its Daleel platform, a unified gateway for investors and entrepreneurs to access essential information and services. This aligns with the broader focus of the UNIDO conference on sustainable industry, empowering women, support

Saudi Arabia, Riyadh – 25 November King Faisal Specialist Hospital and Research Centre (KFSHRC) signed an agreement with the Ministry of Industry and Mineral Resources to support innovators and researchers in the industrial and mining sectors and enable them to transform their ideas into scalable products. The signing took place in the presence of H.E. Mr. Bandar bin Ibrahim Alkhorayef, Minister of Industry and Mineral Resources, and H.E. Dr. Majid bin Ibrahim Alfayyadh, CEO of KFSHRC. KFSHRC was represented at the signing by Professor Jackie Yi Ying, Director General of Research and Innovation, while the Ministry was represented by Dr.

Riyadh, November 21, 2025, SPA — The Saudi EXIM Global Partners Forum, which concluded yesterday in Riyadh after being held on November 19 and 20 under the patronage of Minister of Industry and Mineral Resources and Chairman of Saudi EXIM Bank’s Board of Directors Bandar Alkhorayef, brought together senior government and private-sector leaders, experts from export-import banks, export credit agencies, and development finance institutions from around the world, and was attended by more than 800 participants representing over 55 countries. Organized by the Saudi EXIM Bank, the forum aimed to enhance global dialogue on enabling interna