Saudi Arabia's National Housing Company (NHC) has signed a memorandum of understanding with French energy firm EDF during the Saudi-French Investment Roundtable in Paris. Signed in the presence of HRH Crown Prince Mohammed bin Salman and French President Emmanuel Macron, the agreement focuses on solar energy, electrical infrastructure, electric vehicle charging and carbon reduction across NHC urban developments, supporting Saudi Vision 2030 housing goals.
Accor and Al Qimmah Hospitality have expanded their strategic agreement to build a joint portfolio exceeding 4,000 rooms in Saudi Arabia. The growth is marked by the signing of an 850-key Novotel property in Makkah, scheduled to open in 2030. The wider initiative spans five properties across Makkah, Madinah and Jeddah, supporting religious tourism infrastructure and domestic employment targets under Saudi Vision 2030.
The Sports Boulevard Real Estate Development and Investment Company has signed an agreement with Rikaz Properties to set up a new investment fund worth over $186 million. Managed by Al Jazira Capital, the third fund will back the creation of a luxury five-star hotel in the Urban Wadi district of Riyadh. This contract pushes the total signed fund value for the mega project beyond $1.6 billion.
Tether has announced a partnership with First Data and BKN301 to deploy its Hadron asset-tokenisation platform in Saudi Arabia. The collaboration will focus on converting institutional-grade real estate into digital tokens. First Data will act as the commercial lead and primary market operator, while BKN301 provides operational and banking integration support. The project supports Saudi Arabia's Vision 2030 objectives by increasing liquidity and broadening property investment access.
Brookfield Corporation has achieved a $2 billion initial close for its new Middle East-focused private equity fund. Anchored by Saudi Arabia’s Public Investment Fund, Brookfield Middle East Partners will target high-growth markets across the region, directing half of its investments toward Saudi Arabian businesses. The initiative aims to deepen local capital markets and expand regional financing options across key commercial sectors.
Saudi Arabia's Public Investment Fund (PIF) and the Export-Import Bank of the United States (EXIM) have signed a Memorandum of Understanding establishing up to $15 billion in long-term export credit. The framework will allow eligible PIF portfolio companies to purchase goods and services from American suppliers. The agreement focuses on key sectors including technology, aerospace, infrastructure, and critical minerals to build stronger cross-border supply chains.
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