Riyadh

UK Biotech Firm Sets Eyes on Riyadh to Catalyze the Next Generation of Health Unicorns

2 months ago

In an ambitious move poised to reshape the landscape of healthcare innovation, a prominent UK biotech company has announced its plans to establish a significant presence in Riyadh, Saudi Arabia. This strategic decision highlights Riyadh's growing prominence as a burgeoning hub for health and biotechnology, paving the way for the creation of new health-focused startups, often referred to as "unicorns" due to their ability to achieve valuations exceeding $1 billion.

Boeing's Delays Impact Schedule of New Saudi Airline Riyadh Air

3 months ago

In a significant development for the aviation industry, Boeing's manufacturing delays are causing a ripple effect on the schedule of Saudi Arabia's latest airline venture, Riyadh Air. The startup, backed by the Saudi Public Investment Fund (PIF), was anticipated to reshape regional travel dynamics, but the delays in aircraft deliveries have created uncertainty surrounding its operational timeline.

Morgan Stanley Expands Global Footprint with New Headquarters in Riyadh

4 months ago

In a significant move reflecting the growing influence of the Middle East in global finance, Morgan Stanley has officially announced the establishment of its new headquarters in Riyadh, Saudi Arabia. This strategic decision aligns the company with other major U.S. financial institutions that have recently opted to bolster their presence in the region, enhancing their ability to tap into the burgeoning markets of the Gulf Cooperation Council (GCC).

Citi Secures Approval for Regional Headquarters in Riyadh, Saudi Arabia

4 months ago

In a significant move to expand its presence in the Middle East, Citigroup Inc. has received the green light from Saudi Arabia to establish a regional headquarters in Riyadh. This decision comes in the wake of the Kingdom's ongoing efforts to position itself as a global financial hub, leveraging its strategic location and robust economic initiatives.

BlackRock Secures Approval for Regional Headquarters in Riyadh

5 months ago

In a significant move that underscores Saudi Arabia's ambition to establish itself as a global financial hub, BlackRock, the world’s largest asset manager, has been granted official approval to set up its regional headquarters in the Kingdom's capital, Riyadh. This decision marks a pivotal development in the ongoing transformation of the Saudi economy, particularly under the Vision 2030 initiative, which aims to diversify the country's economic landscape beyond oil reliance.

Airbus Set to Finalize Major Jet Deal with Saudi Startup Riyadh Air

5 months ago

In a significant move for the aviation industry, Airbus is reportedly on the brink of finalizing a monumental deal to supply a substantial number of aircraft to Riyadh Air, a startup airline backed by the Saudi government. This partnership is poised to play a crucial role in bolstering Saudi Arabia's ambitions to establish itself as a leading hub for global travel.

Saudi Arabia Unveils Ambitious Giga Project: The Enormous Cube in Riyadh

6 months ago

In a bold stride towards modernity and economic diversification, Saudi Arabia has announced its next monumental undertaking, a gigantic cubic structure destined to transform the Riyadh skyline. This ambitious project is part of the kingdom's broader Vision 2030 initiative, aimed at reducing its dependence on oil revenues and attracting international tourism and investment.