Daily brief
The Red Sea Governor announced new development projects and opened a water station in Al-Dahar to mark a regional anniversary, while Mecca launched a separate program to upgrade unplanned neighborhoods.
PIF-backed AI firm Humain secured up to $1.2 billion in funding to expand its infrastructure (ongoing coverage).
Aramco's chief executive stated that fears of an oil supply surplus are exaggerated.
Real estate developer Dar Al Arkan plans to expand into new markets, including Greece.
Pharmaceutical firm Hikma is targeting a $150 million investment in Saudi Arabia.