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Press Dossier   By Date  29/05/2025
Saudi Arabia’s Asir region revitalizes 95% of stalled projects
Saudi Arabia’s Asir region has successfully revitalized 95 percent of its previously delayed project, an important milestone that is strengthening investor confidence as the region moves forward with SR29 billion ($7.73 billion) worth of initiatives across various sectors.
PIF’s HUMAIN to launch $10bn AI fund in global tech push
HUMAIN, Saudi Arabia’s artificial intelligence startup backed by the Public Investment Fund, is set to launch a $10 billion venture capital fund this summer as part of the Kingdom’s ambitious push to become a global AI hub, the company’s CEO has revealed.
Housing support opens to Saudis aged 20 in major policy shift
In a significant move to broaden access to homeownership, Saudi Arabia has reduced the minimum age for housing support eligibility from 25 to 20.
Saudi Arabia’s weekly POS spending holds above $3bn as apparel sales climb: SAMA
Consumer spending in Saudi Arabia remained resilient, staying above $3 billion for the fourth consecutive week, as strong demand for clothing and footwear helped offset broader declines in other sectors.
Closing Bell: Saudi main index rises to close at 11,052
Saudi Arabia’s Tadawul All Share Index advanced on Wednesday, closing higher by 127.58 points, or 1.17 percent, to reach 11,052.76, reflecting broad market optimism.
Saudi investment ecosystem drives growth in Asir region, says top executive
Saudi Arabia’s integrated investment ecosystem is enhancing the attractiveness of the Kingdom’s business environment across all regions, with Asir standing out as a promising destination, according to a senior executive.
Saudi Aramco prices three-part bond sale at $5bn
Saudi Aramco has priced its dollar-denominated 3-part bonds at $5 billion and set spread for them, fixed income news service IFR reported on Tuesday.
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