Maison Safqa, a Saudi-based flash-sale platform for premium and luxury brands, has raised $620,000 in a pre-seed funding round with participation from 500 Global through the Sanabil MENA 500 Accelerator Fund, alongside Saudi and international business angels. Investors include retail and technology entrepreneurs and executives, among them the founder of Ventes Exclusives, one of Europe’s

The Saudi Fund for Development (SFD) today signed a USD 15 million development loan agreement with the Republic of Palau, marking the Fund’s first-ever development partnership in the Pacific island nation. The agreement was signed by H.E. Sultan Abdulrahman Al-Marshad, Chief Executive Officer of SFD, and H.E. Surangel S. Whipps Jr., President of the Republic

Cambridge Health Group (“CHG”), the GCC’s leading post-acute care provider and a subsidiary of Amanat Holdings PJSC (“Amanat” or the “Company”), today announces a major expansion of Cambridge Hospital Jeddah through an investment of approximately SAR 100 million, reinforcing the Group’s commitment to advancing specialized post-acute and rehabilitative care across the GCC. The project will

Patel Family Office, a US investment enterprise, and Abdel Hadi A. Al-Qahtani & Sons [AHQ], a Saudi industrial conglomerate, have signed a USD $1 billion deal to establish AYARA, a vertically integrated hospitality platform that will develop a network of 50 international brand-name business hotels across Saudi Arabia by 2029. AYARA will deliver standardized, branded business hotels

Parsons Corporation (NYSE: PSN) announced today that it has been selected by Al Ittihad Club Company, the oldest sports club in Saudi Arabia, as the project management consultant for the Al Ittihad Sports Village in Jeddah. This integrated development, located close to King Abdullah Sports City, represents new work for the company. The award advances

Yanbu Industrial City – Kingdom of Saudi Arabia The 16th edition of the Flowers and Gardens Festival in Yanbu has officially opened, coinciding with the evenings of Eid al-Fitr, reaffirming its status as one of the Kingdom’s most prominent annual tourism events. The festival runs from March 23 to April 23, 2026, at the Events

Marking a monumental step in its sustainable development and tourism ambitions, AlUla has produced more than 1 million native seedlings that will be integrated into the fabric of the Saudi destination.   This undertaking, achieved through the AlUla Native Plant Nursery and Seedbank, underscores the Royal Commission for AlUla’s (RCU) commitment to restoring the destination’s