130 Companies from 22 Countries Partake in Saudi National Security, Risk Prevention Expo

Undersecretary of the Ministry of Interior Nasser bin Abdulaziz al-Dawood during the inauguration of Saudi National Security and Risk Prevention” (SNSR) Expo (Asharq al-Awsat)
Undersecretary of the Ministry of Interior Nasser bin Abdulaziz al-Dawood during the inauguration of Saudi National Security and Risk Prevention” (SNSR) Expo (Asharq al-Awsat)
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130 Companies from 22 Countries Partake in Saudi National Security, Risk Prevention Expo

Undersecretary of the Ministry of Interior Nasser bin Abdulaziz al-Dawood during the inauguration of Saudi National Security and Risk Prevention” (SNSR) Expo (Asharq al-Awsat)
Undersecretary of the Ministry of Interior Nasser bin Abdulaziz al-Dawood during the inauguration of Saudi National Security and Risk Prevention” (SNSR) Expo (Asharq al-Awsat)

Under the patronage of Saudi Minister of Interior Prince Abdulaziz bin Saud bin Nayef, Undersecretary of the Ministry of Interior Nasser bin Abdulaziz al-Dawood inaugurated the “Saudi National Security and Risk Prevention” (SNSR) Expo at the Riyadh International Convention and Exhibition Center.

About 130 companies from 22 countries are taking part in the event, which focuses on digital transformation and innovative security solutions for smart cities and other projects envisaged in Saudi Vision 2030.

The event is organized by the Saudi Ministry of Interior, represented by the General Directorate for Civil Defense, with the participation of various departments of the Ministry and other national security agencies.

Director General of General Directorate for Civil Defense Lieutenant General Sulaiman al-Amro indicated that the event supports the Kingdom’s ambitions set by Vision 2030 and is one of the most important milestones across all areas, including the area of security to ensure the safety of citizens, residents and visitors.

“The Ministry of Interior, represented by the General Directorate for Civil Defense and related security sectors, strives to further develop and enhance the security and prevention sectors to address current and future security challenges,” Amro added.

He also praised the significant presence of leading global companies showcasing their sophisticated technologies at the exhibition, noting that this will facilitate opportunities to forge business relationships with Saudi Arabia’s public and private sectors.

Director of SNSR Expo, Melanie Solier told Asharq Al-Awsat that Saudi Arabia is the second largest buyer of defense and security technologies in the world after the United States, and “our biggest goal is to attract government agencies along with the private sector to a single platform.”

Al-Bahri CEO, Abdullah al-Dubaikhi, also spoke to Asharq Al-Awsat on the sidelines of the expo and indicated that Saudi Arabia holds one of the most important arms and defense equipment markets in the world, so the company decided to enter this market.

Acting General Manager of the Emirates Defense Companies Council (EDCC), Sultan al-Samahi, announced that the UAE Pavilion is the largest of all 19 national pavilions taking part in the Expo.

“This is UAE Pavilion’s biggest participation in international events,” said Samahi, which is a reflection of the deep-rooted fraternal ties between the UAE and Saudi Arabia.

Samahi went on to say that the companies taking part through the UAE Pavilion, seek to explore opportunities for cooperation with their Saudi counterparts.

“SNSR provides an excellent for us to showcase the rapidly growing defense and security industries sector in the UAE,” he indicated.

The event, which is being held for the first time in Saudi Arabia, boasts widespread participation from industry leaders, experts and consultants, as well as top local, regional and international companies specialized in the field of security solutions and risk management. It also features several workshops focusing on key issues related to innovation in security, in addition to live interactive demonstrations.

The event also features two forums. The first, entitled “The Future of Hajj Safety & Security Forum”, delves into the what Hajj seasons will require in terms of infrastructure, services and security facilities in order to create opportunities for organizations specializing the fields of security and risk prevention.

The second forum, “Smart Safe Cities Forum”, seeks to boost foreign direct investment in Saudi Arabia and support its objectives with regards to economic diversification.

The exhibition will also see the launch of Innovation Awards which will celebrate innovations across six categories: Virtual and Augmented Reality, Drone Detection, Unmanned Systems and Robots, Digital Crime Management and Digital Forensic Clues, Connected Systems and Smart Security Equipment and Crowd Control.



Saudi Real Estate Market Maintains Investment Momentum Despite War Fallout

Residential developments in Saudi Arabia (Ministry of Municipalities and Housing)
Residential developments in Saudi Arabia (Ministry of Municipalities and Housing)
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Saudi Real Estate Market Maintains Investment Momentum Despite War Fallout

Residential developments in Saudi Arabia (Ministry of Municipalities and Housing)
Residential developments in Saudi Arabia (Ministry of Municipalities and Housing)

Saudi Arabia's real estate market continues to attract investment despite geopolitical challenges weighing on economic activity worldwide, supported by new housing developments and efforts to expand residential supply.

The Ministry of Municipalities and Housing announced that more than 15,000 residential land plots had been made available through the Sakani platform across the Kingdom between the beginning of 2026 and the end of October, alongside additional projects launched by private-sector developers.

The developments underscore the sector's continued momentum and its importance to the Saudi economy.

Government initiatives and private-sector projects aim to expand housing supply and meet growing demand, reinforcing real estate's position as a key driver of economic growth and diversification.

Strong domestic demand and ongoing urban development projects continue to underpin the market's appeal, attracting investment from both Saudi and international investors.

Against a backdrop of geopolitical uncertainty and war-related disruptions to trade, supply chains, financing costs and construction expenses, the real estate sector has gained importance as an industry driven largely by domestic demand and capable of sustaining economic activity.

Private-Sector Investment

Despite mounting global economic volatility and geopolitical tensions, Saudi Arabia's real estate market continues to attract international investment, supported by clear economic policies, expanding development opportunities and strong housing demand.

Real estate developer Arada recently announced its entry into the Saudi market through a partnership with local company XTOPIA, backed by a SAR 50 billion ($13.3 billion) portfolio of land and development opportunities.

The partnership's first project is a SAR 14 billion residential development in Riyadh's Al Rimal district.

Riyadh Region Municipality, the Ministry of Municipalities and Housing, and the National Center for Privatization & PPP also recently announced the launch of the expression of interest, prequalification and proposal submission stages for a joint land investment project.

The initiative involves developing a municipal land plot in northern Riyadh through a 50-year partnership with the private sector, marking the municipality's first project under the joint investment model.

Real estate specialists described the initiative as an important step toward enabling private investors to develop property assets into sustainable projects with significant economic value.

They said the extended investment period would encourage developers to improve construction quality and services, strengthen project feasibility, diversify real estate offerings and increase supply in one of the capital's most expensive neighborhoods.

Balancing the Real Estate Market

The importance of releasing more residential land lies in achieving greater balance in the property market, a government objective outlined by Crown Prince and Prime Minister Mohammed bin Salman.

The strategy seeks to increase housing supply by making more land available, broadening the options accessible to Saudi citizens and enabling more households to move from searching for a home to building and owning one.

Increasing the availability of residential land, particularly in cities and governorates experiencing rising demand, could ease pressure on land prices over the medium term, provided that plot locations and sizes correspond to actual market needs.

The release of additional land also creates opportunities for real estate developers, contractors, engineering firms and building materials suppliers to benefit from anticipated demand for construction projects.

As a result, businesses across the real estate and construction supply chain could see stronger activity despite the impact of the geopolitical crisis on other economic sectors in the region.

The initiative also expands housing choices, supports efforts to increase homeownership rates and improve quality of life, and encourages urban development beyond major metropolitan centers.

Lowering Prices

Real estate developer Ahmed Omar Basoudan believes the main challenge facing Saudi Arabia's property market in the coming period will not simply be increasing the number of land plots and housing units available.

Rather, he said, the priority must be ensuring that homes reach buyers at prices they can afford, while providing adequate infrastructure and services and keeping development and construction costs under control.

Speaking to Asharq Al-Awsat, Basoudan explained that genuine balance in the real estate market depends on the availability of housing that meets buyers' needs in terms of price, location and quality, rather than simply increasing overall supply.

He said the release of more than 15,000 residential land plots during the first 10 months of the year, together with recently announced private-sector projects, reflected the government's continued commitment to expanding housing supply and providing more residential options.

Basoudan stressed that the latest real estate developments represent an important step toward addressing one of the market's most pressing challenges: achieving a sustainable balance between supply and demand, particularly amid the Kingdom's population growth and continued urban expansion.


Saudi Stocks Rebound 0.9%, Recouping Previous Session's Losses

An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
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Saudi Stocks Rebound 0.9%, Recouping Previous Session's Losses

An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)

Saudi stocks closed higher on Monday, recovering some of the losses sustained in the previous session as heavyweight shares strengthened and the banking sector advanced.

The benchmark Tadawul All Share Index (TASI) rose 0.90% to close at 10,106 points, gaining 90 points. Total trading value reached approximately SAR 3.5 billion ($933 million).

The index had fallen 0.8% on Sunday amid selling pressure on heavyweight stocks.

Anaam International Holding Group, Fitaihi Holding Group and Raoom were among the session's top gainers, rising between 7% and 9% to close at SAR 11.93, SAR 2.11 and SAR 72.30, respectively.

On the losing side, Almunajem Foods led the declines, shedding 9.20% to SAR 49.94, followed by Saudi Paper Manufacturing Co., which fell 6.18% to SAR 48.88, and Alamar Foods, which dropped 4.63% to SAR 44.06.

At the sector level, banks led the gains, advancing 1.60%, supported by a 2.06% rise in Bank AlJazira shares, which closed at SAR 10.89.


Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
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Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)

Tesla will have to refund Cybertruck deposits for many customers as orders far exceed production capacity, CEO Elon Musk said, following last week's announcement that the electric vehicle maker is winding down the pickup truck's production at its Texas factory.

"We will try ‌to make ‌as many as ‌possible ⁠before shutting down the ⁠line in about 8 months, but will have to return deposits for a lot of people," the billionaire said in a post on X on Monday.

The comments ⁠come after Musk said ‌Tesla would ‌add an extra production shift to fulfill outstanding ‌Cybertruck orders before dismantling the production ‌line next year to expand output of its Cybercab robotaxi.

The production winddown is slated for mid-2027, Musk announced on ‌Friday, with the resources being redirected to the Cybercab, a vehicle ⁠central ⁠to the automaker's autonomous-driving ambitions.

Tesla began delivering the Cybertruck in late 2023, but demand has fallen far short of Musk's expectations. US sales fell 48% to 20,237 units last year, according to Kelley Blue Book, well below Musk's earlier projection that annual Cybertruck sales could reach 250,000 vehicles.