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Saudi Arabia Funds $40 Million Industrial City Project in Oman

Officials are seen at the signing ceremony in Oman. (SPA)
Officials are seen at the signing ceremony in Oman. (SPA)
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Saudi Arabia Funds $40 Million Industrial City Project in Oman

Officials are seen at the signing ceremony in Oman. (SPA)
Officials are seen at the signing ceremony in Oman. (SPA)

Saudi Fund for Development (SFD) CEO Sultan Al-Marshad and Oman’s Minister of Finance Sultan Al Habsi signed a memorandum of understanding (MoU) to support the establishment of an industrial city in Oman, funded by the Kingdom through the SFD with $40 million.

The MoU aims to develop the industrial and logistical sectors in the Dhofar governorate through a fully integrated industrial city covering approximately 3.94 million square meters, equipped with comprehensive infrastructure.

This includes administrative and service buildings, public facilities, road networks, electricity and water systems, two wastewater treatment plants, and engineering consultancy services.

Al-Marshad said the MoU reflects the Kingdom’s commitment to supporting Oman’s development sectors and strengthening bilateral development cooperation.

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Business

Cluster2 Airports Achieves Growth in Operational Traffic During 2025

The cluster reported that its airports welcomed over 19.9 million passengers in 2025 - SPA
The cluster reported that its airports welcomed over 19.9 million passengers in 2025 - SPA
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Cluster2 Airports Achieves Growth in Operational Traffic During 2025

The cluster reported that its airports welcomed over 19.9 million passengers in 2025 - SPA
The cluster reported that its airports welcomed over 19.9 million passengers in 2025 - SPA

Cluster2 Airports, which operates 22 airports across the Kingdom, achieved remarkable performance in 2025, recording significant growth in both air traffic and passenger numbers.

The cluster reported that its airports welcomed over 19.9 million passengers in 2025, an 11% increase from the previous year. They also handled more than 164,000 flights, a 7% rise, with 87.9% of departures and 87.4% of arrivals operating on schedule.

As part of its network expansion, the cluster announced service to 25 international and domestic destinations across 124 air routes, further strengthening air connectivity between the Kingdom and the rest of the world, SPA reported.

In the area of air cargo and logistics, Cluster2 Airports exceeded its 2025 cargo volume targets by 7%, handling 1,634 tons—a 44% increase compared to 2024.

The cluster continued to achieve significant milestones, reflecting its commitment to enhancing the passenger experience and improving service quality as 18 airports received Level 2 Customer Experience certification from the Airports Council International (ACI).

To reinforce its commitment to the highest safety and security standards, the cluster conducted 278 drills at its airports during 2025 to enhance operational readiness and improve emergency response efficiency.

Business

Jeddah Chamber of Commerce to Organize Consmix 2026

A view of Jeddah, Saudi Arabia. (SPA)
A view of Jeddah, Saudi Arabia. (SPA)
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Jeddah Chamber of Commerce to Organize Consmix 2026

A view of Jeddah, Saudi Arabia. (SPA)
A view of Jeddah, Saudi Arabia. (SPA)

The Jeddah Chamber of Commerce will host the National and Consumer Industries Exhibition (Consmix 2026) from February 5 to 12, giving visitors the opportunity to explore the latest advancements in the national consumer goods industry.

The exhibition aims to promote national industry, encourage local consumption, highlight Saudi industrial capabilities, and showcase the quality of local products.

It provides companies and factories with a platform to connect with customers and establish strategic partnerships between Saudi and international firms.

Consmix 2026 will showcase a wide range of consumer products, including food, household goods, metalware, cleaning supplies, gifts and accessories, clothing, furniture, textiles, perfumes, hygiene products, and plastics.

Business

Saudi-Turkish Investment Forum to Be Held in Riyadh on Tuesday

General view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)
General view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)
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Saudi-Turkish Investment Forum to Be Held in Riyadh on Tuesday

General view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)
General view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)

The Saudi-Turkish Investment Forum will convene in Riyadh on Tuesday, bringing together dignitaries, officials, and leaders from the private sectors and companies of both countries.

The forum aims to strengthen economic and investment cooperation across various sectors, discuss areas of mutual interest, and explore investment opportunities within the Kingdom.

It will host bilateral meetings between private-sector representatives from both countries to discuss cooperation and partnership opportunities and explore investment prospects.