Saudi Arabia strategic Projects: news, discussions & updates

His Royal Highness Prince Khalid bin Salman bin Abdulaziz, Minister of Defense and his accompanying delegation, arrived in the British capital, London, on an official visit.

His Highness’s visit comes to discuss strengthening bilateral relations and joint cooperation between the two friendly countries, and discussing issues and issues of common concern.

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Iran FM praises Saudi Arabia's management of Hajj

The highly competent management of this year's Hajj is well appreciated by Iran. I extend warm greetings and prayers for continued success to the Government and people of Saudi Arabia as they welcome Muslims to the Holy Shrines.

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The developments of the port of Exagon

The construction work is accelerating in #Oxagon, one of the main regions of #NEOM, to construct a global center for innovative industries, which includes a automated port, advanced research facilities, housing and hotels, and a leading green hydrogen project, most of which are above the sea, to be linked to the #Line via high -speed trains

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The higher Management Team for the #Trojina project visits the project site to see the progress of the collection of two Doubleshield TBM tunnels, designed to work in the complex mountainous terrain, in preparation for the start of drilling work in the #Vancular tunnel, which is a mountainous train for passengers and is considered the highest slope in the world

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Successfully completed a 676 -meter tunnel dug within the engineering works of Lake #Trojina in NEOM, and this tunnel is an essential part of the infrastructure that will support the creation of the artificial lake, the beating heart of the destination

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The "Al -Souda summits" project in the Kingdom at an altitude of 3015 meters

Saudi Arabia launches a new tourist destination targeting two million visitors annually

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The "Al -Souda summits" project is held above the top mountain peak in the Kingdom at a height of 3015 meters above sea level and will be completed in 2033

Today, the Kingdom of Saudi Arabia launched the general plan for a new development project called "Al -Souda summits" in the Asir region, southwest of the Kingdom, which aims to provide a new global tourist destination in a mountainous environment at the top of the highest summit in the Kingdom of Saudi Arabia at an altitude of 3015 meters above sea level.

The Saudi Crown Prince Mohammed bin Salman, who launched the project on Monday, said that "the project will contribute to achieving the goals of Vision 2030, developing the tourism and entertainment sector, and supporting economic growth by contributing to increasing the cumulative GDP by more than 29.1 billion riyals (7.7 billion dollars), and providing thousands of jobs directly and indirectly," according to the official Saudi Agency (SPA).

The Saudi Crown Prince added. "The general plan affirms our endeavor to activate global efforts to preserve the environment, natural and heritage resources and preserve it for future generations, and to contribute to diversifying sources of income and building an attractive economy for international and local investments."

Crown Prince of the Kingdom of Saudi Arabia: "We are ready to announce the vision of 2040"

According to "SPA", the "Al -Souda summits" project provides luxurious hospitality services to millions of visitors throughout the year, and the general plan will depend on the local urban design in its design, as it includes 6 main areas centered around special areas. Tallal, Sahb, Sabra, Jarin, Men, and Rock Rock. There will be a variety of facilities in these areas, including luxury hotels and mountain resorts, palaces and residential units, and luxury shops, as well as entertainment, sports and cultural monuments. The project will include the development of 2700 hotel rooms, 1336 housing units, and 80 thousand square meters of commercial spaces by 2033.

The Saudi Agency stated that the general plan for "Qimam Al -Souda" consists of 3 main stages, the first stage of which is expected to be completed in 2027, which includes the development of 940 hotel rooms, 391 housing units and 32 thousand square meters of commercial space.

The "Al -Souda summits" is located on a wide area of forests and mountains that extend to more than 627 square kilometers, and the building area does not exceed 1% of it, which reflects the commitment of "Al -Souda for Development", a company affiliated with the Saudi Public Investment Fund, to protect the environment and implement the standards of preserving, maintaining and developing natural resources in the project area that includes the majority of men and women, and supports the efforts of the Saudi Green Initiative.

https://www.spa.gov.sa/d6061a6ecfj

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(SEMC) Saudi Electronic Materials Company

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A leading company specializing in the manufacture of semiconductors in the Kingdom of Saudi Arabia

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https://www.semc.sa/
 
Researchers at King Abdullah University of Science and Technology have developed a highly sensitive, fast and energy -saving hydrogen sensor .

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The NIF Investment Fund (NIF), the strategic investment arm of the NEOM project in Saudi Arabia, has invested at the American Memryx company specialized in the firm artificial intelligence chips (EDGE AI). This cooperation aims to accelerate the development and deployment of energy -saving artificial intelligence accelerators that are essential for the digital structure in NEOM.

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Memryx produces Accelerator known as MX3, which is characterized by Low-Latence and consumes less energy compared to traditional graphics cards (GPU), making it suitable for artificial intelligence applications on the edge such as smart video systems, industrial environments, and self-operating infrastructure.

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This investment comes within a broader strategy for the NEOM Fund to support technologies that serve 15 major sectors in NEOM, such as technology, transport, and energy.

It is noteworthy that Memryx raised $ 44 million in the second round of financing (Series B) in March 2025, to expand production and develop the next generation of its accelerator (MX4).

The NEOM Fund Portfolio also includes leading technical companies such as Pony.ai, Boom Technology and Animoca Brands.
 
Ignition invests in 10 Microprocessor technologies' start-up companies

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Development and manufacture of sensors
(GaN Solar-Blind Photodetectors)

Between King Abdulaziz City for Science and Technology - KACST and Princess Noura University

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Reuters on two sources: American nuclear cooperation with Saudi Arabia is not related to normalization with Israel

@AlArabiya_Brk
 
His Highness the Crown Prince receives at the Peace Palace in Jeddah, President of the Republic of Indonesia, and holds an official reception ceremony for his Excellency.

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Signing agreements of about 27 billion dollars between the private sector in Saudi Arabia and Indonesia

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Today, a number of agreements and memoranda of understanding were signed between private sector institutions in Saudi Arabia and Indonesia, at a value of 27 billion dollars, in the areas of clean energy, petrochemical industries, and aircraft fuel services, during the visit of Indonesian President Prabu Sobanto to Saudi Arabia and his meeting with Crown Prince Mohammed bin Salman in Jeddah today, according to "SPA"

On Wednesday, Saudi Arabia and Indonesia issued a joint statement aimed at strengthening cooperation in several vital areas, after the meeting of the Saudi -Indonesian Supreme Coordination Council, the statement stressed the importance of cooperation in the supply of oil and its derivatives, in addition to health investments, and the statement also touched on the importance of air linking between the two countries, as well as the fields of industry and mining, and designing strategies to develop supply chains.

A joint statement between Saudi Arabia and Indonesia confirms the enhancement of cooperation in the areas of:

  • Supply oil and its derivatives
  • Health investments
  • Air linkage
  • Industry and Mining
  • Developing supply chains
  • Electricity and renewable energy
  • Agriculture, fish wealth and food security

https://www.aleqt.com/2025/07/02/article_2763379.html
 

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