Semafor gulf

Among the biggest projects is a $5 billion green AI data center in NEOM’s Oxagon, the futuristic industrial zone on the Red Sea.

Saudi Arabia’s debt capital market could top $500 billion this year, according to Fitch Ratings, cementing its position as one of the largest emerging market issuers.

Abu Dhabi investment firm Lunate’s program will allow companies to transfer mandatory workers savings into six investment funds, a move that’s expected to benefit the country’s expat population.

The King Salman Automotive Cluster, on the Red Sea Coast, will bring together existing projects, including assembly plants for EV brands and joint ventures with Pirelli and Hyundai.

‘The difficulty is there is little infrastructure built,’ the CEO of a major European online travel agency told Semafor.

Scientists installed weather and seismic monitoring stations alongside a team from the Bulgarian Antarctic Institute.

The assessment of Prince Alwaleed bin Talal, one of X’s major investors, contrasted with most valuations of the social media platform.

The investment, set to total up to $50 billion, would go toward building Europe’s largest AI hub with a 1-gigawatt data center and a dedicated AI campus.

Plans to resettle Palestinians will neither bring peace nor lead to Saudi normalization with Israel.

The president’s plan to turn Gaza into a real estate development is no joke.

Developers in the Emirati city are used to catering to the whims of millionaires, but are sometimes stumped by the demands of the truly rich.

The number of real-estate transactions increased 24% year-on-year in 2024, but the city is still far behind Dubai.