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- Mannai Corp net profit surges 62% to QR101mn on QR3.5bn revenues in 9M-2025
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- Lubna Olayan, Jane Fraser Appointed Co-Chairs of Saudi-US Business Council
23/10/2025 02:12 AST
Saudi Arabia's National Housing Company (NHC) has signed a memorandum of understanding (MoU) with Korea's GS Engineering and Construction to implement a landmark project at the AlFursan Destination in Riyadh.
The signing took place in Seoul under the patronage of Minister of Municipalities and Housing Majed Al Hogail and in the presence of CEO of the National Housing Company Mohammed Al Buty, said a Saudi Press Agency report.
The MoU underscores the depth of the strategic partnership between Saudi Arabia and the Republic of Korea and aims to develop a distinctive residential real estate project within the AlFursan Destination in Riyadh.
The new MoU extends the growing Saudi-Korean partnerships, strengthened by the signing of an MoU in November 2024 to develop the Balady Platform and implement digital twins and smart city applications, contributing to urban planning development and improved quality of life, the report said.
Trade Arabia
23/10/2025
Saudi Arabia's point-of-sale transactions remained above the $3 billion mark for the third consecutive week, underscoring the resilience of consumer activity even as overall spending moderated in mid
Arab News
22/10/2025
Riyad Capital, one of the kingdom's largest asset managers and a leading company in real estate investment, has announced that it will join hands with the Saudi Railway Company (SAR) to establish a r
Trade Arabia
21/10/2025
Dubai has reinforced its status as the leading financial hub for the Middle East, Africa, and South Asia (MEASA), with the Dubai International Financial Centre (DIFC) surpassing 8,000 active register
Khaleej Times
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23/10/2025
The Saudi-US Business Council announced on Tuesday the appointment of Olayan Group's founding board chair Lubna Suliman Olayan, and Citigroup chief executive Jane Fraser as co-chairs of the council's
Asharq Al Awsat
23/10/2025
Saudi Arabia's National Housing Co. signed a series of agreements to develop more than 24,000 housing units as part of a 100,000-home Saudi-Chinese plan aimed at expanding residential supply.
Arab News
23/10/2025
Lending to small, medium, and micro enterprises in Saudi Arabia reached a record SR420.7 billion ($112.18 billion) by the end of the second quarter of 2025, up 37 percent from the same period last ye
Arab News
23/10/2025
Saudi Arabia's point-of-sale transactions remained above the $3 billion mark for the third consecutive week, underscoring the resilience of consumer activity even as overall spending moderated in mid
Arab News
23/10/2025
Bahraini automotive enthusiasts Ali Khalil and brothers - Hussein and Mohammed Tareef - achieved a remarkable success at the 10th edition of the Custom Show Emirates 2025, held at Expo City Dubai.
Trade Arabia
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