Lenovo today announced the official opening of its Middle East, Türkiye and Africa (META) Regional Headquarters in Riyadh (RHQ), marking a strategic milestone in the company’s long-term investment in the Kingdom and its commitment to supporting Saudi Arabia’s Vision 2030 objectives. The official opening was marked by a formal ceremony attended by the Minister of
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
The Fashion Fund has unveiled its new identity under the name “ZYA Fund,” marking Saudi Arabia’s first private equity fund dedicated to the fashion sector. Established through a partnership between the Cultural Development Fund (CDF) and Merak Capital, the launch reflects accelerating investment momentum across the Kingdom’s cultural industries. The Fund’s Board of Directors held
Messe Frankfurt Saudi Arabia, organiser of Automechanika Riyadh, Saudi Arabia’s leading regional automotive aftermarket trade event, has announced the postponement of the upcoming edition. Originally scheduled to take place from 4-6 May 2026, the event will now focus on its return to the Kingdom in 2027. The decision follows a careful and ongoing assessment of
The latest Saudi Central Bank (SAMA) weekly report for the period ending March 21, 2026, reveals a significant surge in consumer spending, with Restaurants and Cafés processing SAR 1.6 billion in transactions a 15% weekly increase while the broader Food and Beverage segment exceeded SAR 2.1 billion. Remarkably, this SAR 3.7 billion wave confirms that
Federal Express Corporation (FedEx), the world’s largest express transportation company, has launched the FedEx Import Tool (FiT) in Saudi Arabia. The digital solution helps businesses of all sizes manage the growing import volume into the Kingdom more efficiently and with greater control. FiT, with its integration of advanced technology and user-focused design, is set to
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
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