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Star Tax closes $1.75mn pre-seed funding to fuel local, regional expansions
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PIF delivers unprecedented financial, strategic achievements in 2025
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Pinnacle Capital launches new fund for Saudi growth, secondary deals
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Monsha’at concludes AI Week in partnership with SDAIA
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PIF holds $26.3bn stake in SpaceX as of end of June
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Egypt’s Fawry submits request to obtain ‘Major PI’ license from SAMA
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PIF, Formula E launch STEM education platform 'Driving Force Presented by PIF'
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Saudi Energy to deliver power infrastructure to Expo 2030 Riyadh site
Riyadh - Sharikat Mubasher: Saudi Energy signed a Power Supply and Implementation Agreement with Expo 2030 Riyadh Company, wholly owned by the Public Investment Fund (PIF), to deliver the power infrastructure required across the Expo 2030 Riyadh site.The agreement was signed by Khalid AlGhamdi, Chief Executive Officer of Saudi Energy, and Talal Al-Marri, Chief Executive Officer of Expo 2030 Riyadh, according to the official statement,The deal aims to establish the electrical infrastructure required to meet the power demands of Expo 2030 Riyadh. This includes the construction of a bulk supply point, three primary substations, and all associated transmission and distribution infrastructure.Leading Saudi companies, including Alfanar, Haif Company, Trading and Development Partnership, and Al-Babtain Power & Telecom Company, will support the execution of these worksAlGhamdi highlighted that the agreement reflects the critical role of Saudi Energy in supporting major national projects by developing a reliable and highly efficient power infrastructure.He emphasized that Saudi Energy will deploy its capabilities and expertise to execute Expo 2030 Riyadh’s electric supply requirements to the highest standards of quality and operational performance, supporting the readiness of this global event and aligning with the Kingdom’s development goals.For his part, Al-Marri said: “The agreement marks another important milestone, reflecting the accelerated progress across the various workstreams underway on site and reinforcing its readiness in line with the established delivery schedule.”He noted that the partnership with leading Saudi national companies reflects confidence in local capabilities and expertise, and their ability to deliver projects of this scale and ambition in line with the highest technical and operational standards. Moreover, the agreement marks a significant step toward securing the critical utility requirements of Expo 2030 Riyadh and enabling the timely development and successful opening of the event.
UAE names 6 startups for inaugural Mastercard Lighthouse cohort
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AIREV partners with Qualcomm to bring sovereign AI to enterprises
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Mobility financing platform Naran secured $10mn to fuel expansions
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Money20/20 Middle East 2026 gathers global fintech leaders in Riyadh next month
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Rasmal Ventures invests in Yuno’s $45mn Series B round
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Riyadh Air, barq partner to advance airline payment technology development
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Skyro expands into Saudi Arabia with Riyadh office, new Regional Chief
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Cultural Development Fund launches ‘AI Incentives for Cultural Projects’ initiative
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Over 2K brands to participate in Global Health Exhibition next October
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Amazon launches ‘Youth Council’ to develop Emirati talent in UAE
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Spare brings ‘Pay by Bank’ to Tabadulat investment platform
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The Hub launches in Saudi Arabia with support from AstroLabs
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Arab Therapy secures $2mn in pre-Series A round to accelerate Saudi expansion
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SEMC pacts with Si-Ware to advance MEMS sensing technologies in Saudi Arabia
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Cobi raises $1mn pre-seed round to advance customer intelligence
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Saudi CEOs occupy 13 spots on Forbes Middle East’s 2026 Top 100
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Saudi investment platform OORI secures CMA license
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SDB signs SAR 10 mn social investment deal with Namal
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