Pins matching tag:Riyadh

Saudi Aramco began trading on Riyadh's Tadawul on 11 December 2019, jumping the 10% daily limit to a value of about US$1.88 trillion, the biggest listed company in the world. Its US$25.6 billion share sale, priced a week earlier, was the largest IPO on record, ahead of Alibaba's 2014 offering.

Tesla entered Saudi Arabia with an evening launch at Bujairi Terrace in Diriyah, showing the new Model Y, the Cybertruck, the Cybercab and Optimus and opening orders, seven years after Musk's 'funding secured' rift with the kingdom's wealth fund.

Diriyah Company awarded a branch of China Harbour Engineering the contract to build the Arena Superblock: the multi-purpose indoor Diriyah Arena seating 20,000 spectators, three mixed-use office buildings and a parking facility with more than 4,000 spaces. The arena sits on the edge of historic At-Turaif and anchors the Grand Avenue district alongside Diriyah's Grand Mosque.

The first Six Flags park in Asia opened outside Riyadh with 28 attractions across six themed areas, among them Falcons Flight, billed as the world's tallest, fastest and longest roller coaster. Qiddiya Investment Company awarded a $1 billion construction contract to Almabani General Contractors and Bouygues Batiment International in December 2021.

The 16.9 sq km park is being laid out over the grounds of Riyadh's former airport, with an Art Park opening first and a Royal Arts Complex of thirteen structures, designed by the late Ricardo Bofill, arranged along a 1.5 km central boulevard. Omrania leads the design with Henning Larsen on the masterplan, and the park carries an estimated cost of SAR 72 billion.

Saudi authorities reported 12 deaths and 309 injuries after the October 10 attack on King Khalid International Airport. Airport operations were temporarily suspended; the toll is the October 11 update.

Delta starts Atlanta-Riyadh service on 23 October 2026 with an Airbus A350-900, its first route to Saudi Arabia and the first US-airline nonstop to Riyadh.

The 21st IDRA World Congress, the desalination and reuse industry's flagship event and the first held in Saudi Arabia, was rescheduled in mid-October 2026 from 1-5 November 2026 to 24-28 January 2027 at the King Faisal Convention Center in Riyadh.

The 92,000-seat stadium rises in northern Riyadh along King Salman Road next to King Abdulaziz Park, its Populous design drawing on the surrounding mountainous landscape. It will be the Saudi national team's headquarters and the venue for the opening match and final of the 2034 World Cup, with a masterplan that adds an athletics stadium, training pitches and an aquatics centre with an Olympic-sized pool.

The 14.1 sq km district launched in 2023 was built around the Mukaab, a 400 m by 400 m cube holding roughly 2 million sq m of floor space and a domed AI-powered display. In January 2026 all work on the cube beyond soil excavation and piling was suspended while its financing and feasibility were reassessed, though development of the surrounding real estate continues; Knight Frank has estimated the district's cost at about $50 billion.