electric vehicles Saudi Arabia

LG Electronics reported combined revenue of KRW 6.2 trillion in Saudi Arabia, India and Brazil in 2025, up more than 20 percent from 2023. The company targets a doubling of that figure by 2030 through localized production and market-specific strategies.

stc Group offers free roaming calls for Gulf citizens on its network for three days starting March 1, 2026. Saudi roamers in GCC countries also benefit from free calls to the Kingdom.

GEOSA delegation led by Dr. Mohammed bin Yahya Alsayel participated in DGI 2026 in London. The conference focused on geospatial security and defense technologies.

Zoho Corporation reaches one million paying customers and 150 million users worldwide on its 30th anniversary, with MENA emerging as second fastest-growing market.

New Ericsson ConsumerLab study finds half of Saudi consumers willing to pay for guaranteed 5G network performance, with assured quality accounting for 53% of mobile plan decisions.

Snap launches Snap Souq, an AR experience inspired by Saudi souqs for Ramadan. The feature engages 25 million Snapchat users in the Kingdom.

SADAFCO approved a cash dividend of SAR 8 per share for H2 2025, totalling SAR 255.7 million. Full-year revenue reached SAR 2.99 billion, up 4.96% year-on-year.

Riyadh’s office market maintained 98.5% Grade A occupancy in Q4 2025, with average rents reaching SAR 2,333 per sqm and over 700 global companies establishing regional headquarters.

Anghami and the Literature, Publishing and Translation Commission launched SAJJEL 2, a literary podcast competition offering over SAR 90,000 in prizes and professional production support for Saudi creators.

Moody’s Corporation establishes regional headquarters in Riyadh, expanding its presence in Saudi Arabia to support capital market development and Vision 2030 initiatives.

HUMAIN invested $3 billion in xAI’s Series E funding round before SpaceX’s acquisition, becoming a key minority shareholder with equity converted to SpaceX shares.

Kaspersky signed a cooperation agreement with Qassim University to enhance cybersecurity education and professional training for students and faculty members in Saudi Arabia.

EY KSA and Microsoft announced a collaboration to deliver consulting services through EY Studio+ in Saudi Arabia, combining industry expertise with AI and cloud technologies.

Middle East M&A activity surged 33% in 2025 to 635 completed deals, driven by intra-regional transactions and renewed foreign investment confidence.

Syria’s Ministry of Tourism has signed a technical cooperation agreement with Saudi Arabia’s Elm to accelerate digital transformation and implement data governance standards across the tourism sector.

Saudi Arabia leads EMEA with 13% cloud security adoption and 43% budget growth in physical security, according to Genetec’s 2026 report.

MBSC held its 8th graduation ceremony, honoring 596 graduates from the Class of 2026, the largest in the college’s history, with 97% Saudi nationals and 33% women.

The Red Sea became the first destination worldwide to receive comprehensive Forbes Travel Guide accreditation, covering all guest journey stages from reservations to experiences.

Sony launches WF-1000XM6 wireless earbuds in Saudi Arabia with 25% improved noise cancellation, 32-bit audio processing, and enhanced connectivity features starting March 11, 2026.

Saudi Arabia achieves 40% AI Leaders classification, matching global benchmarks with strategic investments in AI infrastructure and enterprise-wide implementation.

Saudi Arabia’s Ministry of Islamic Affairs introduces AI-powered robots to serve participants in the 27th King Salman Quran Competition, offering multilingual support in over 95 languages.

HKEX appoints Jalal Almarhoon as Managing Director and Chief Regional Representative for Middle East, operating from new Riyadh office to strengthen regional capital market connectivity.