Month: September 2026

With a new regulatory proposal, «Zatka» tightens oversight of accounting firms with penalties that could lead to revocation

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Zakat, Tax and Income Tax Authority - Exemption from financial penalties

Reading time: 2 MinutesThe Zakat, Tax and Customs Authority announced a new project to regulate the terms and standards of offices and licensees providing services on behalf of taxpayers. This includes stricter controls for registration and business operations, and penalties that can reach permanent revocation of registration in cases of involvement in zakat or tax evasion. The project requires offices and licensees wishing to provide zakat and tax accounting services to register with the "Fawd" electronic service, among other things… Read more

How Are the Kingdom’s Roads Preparing for Self-Driving Vehicles? The «Roads Authority» Answers

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Reading time: 2 MinutesThe Saudi Highway Code contributes to achieving the General Authority for Roads' strategy, which aims to build a unified legislative and regulatory framework for the roads sector in the Kingdom. This is accomplished by standardizing technical and operational standards across the Kingdom, enabling road owners to systematically and sustainably improve the quality of their work through comprehensive standards covering all stages of the road lifecycle, from design and construction onward. Read more

The third day of the «LEP 2026» conference sees the announcement of new investments totaling $857 million

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Reading time: 2 MinutesThe “LEAP 2026” conference continued its momentum in technology and investment on its third day, with new announcements totaling $857 million, including investment rounds, funding funds, and significant expansions in cloud computing, data centers, and technology industries—reflecting the Kingdom’s appeal to investors and its ability to empower startups and accelerate their growth toward global markets. $293 million across 11 announcements, with investments from Ras… Read more

Seven sites are entering the development phase as part of the Makkah Urban Renewal Program, covering an area of more than 4.4 million square meters

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Reading time: < 1 MinuteThe Royal Commission for Makkah and the Holy Sites announced that seven sites have entered the development phase of the Makkah Neighborhood Development Program, with a total area of (4,484,896.17) square meters, as part of its efforts to enhance the urban environment and improve the quality of life in the Holy Capital. The neighborhoods benefiting from the development include Al-Zuhur, with an area of (1,293,388.76) square meters, and Al-Khalidiyah, with an area of … Read more

«The Ministry of Municipalities and Housing Announces the Release of More Than 9,700 Plots of Land from the Beginning of the Year Through the End of August

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Territory

Reading time: 2 MinutesThe Ministry of Municipalities and Housing announced that it has made more than 9,700 residential plots available through the «Sakani» platform from the beginning of 2026 through the end of August, as part of its ongoing efforts to increase the housing supply and expand the options available to Saudi families across the Kingdom. The ministry clarified that a total of 9,733 plots were offered during this period across 54 residential developments, as part of its ongoing efforts to … Read more

Ghassan Nassif Appointed CEO of «Red Sea Global,» Succeeding «Baothman»

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Red Sea International

Reading time: < 1 Minute«Red Sea International,» a company listed on the Saudi «Tadawul,» announced that its board of directors decided on August 28, 2026, to accept the resignation of Hani bin Othman Baathman from his position as Group CEO and to appoint Ghassan bin Nabil Nassif as CEO, effective the same date. The company said in a statement on «Tadawul» today, Sunday, that Baathman will continue in his role as managing director of the company, … Read more

22 Real Estate Opportunities at the «Afaq Al-Sharqiyah» Online Auction

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Afaq Al-Sharqiyah Auction - Suhum Company

Reading time: < 1 MinuteThe Suhum Real Estate Services Foundation, under the supervision of the Enforcement and Liquidation Center «Enfaaz» and by decision of the Enforcement Court, announces the sale of a number of investment opportunities in the «Afaq Al-Sharqiyah» online auction via the «Mubasher Auction Platform.»The auction begins on Sunday, September 6, 2026, at 10:00 a.m. and ends on Tuesday, September 8, 2026, between 4:00 and 5:45 p.m. The auction features investment and development opportunities … Read more

The Asir Municipality Conducts 536 Inspection Visits to Verify Compliance with the Saudi Building Code

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Reading time: < 1 MinuteThe Asir Region Secretariat conducted 536 inspection visits to buildings and structures to verify compliance with the requirements of the Saudi Building Code, as well as to identify and address violations. The inspections identified 338 violations, including 236 involving supervising engineering firms, 65 involving building owners, 33 involving contractors, and 4 involving design engineering firms.The Secretariat confirmed that it will continue its inspection tours of buildings and facilities, … Read more

Launch of the «Riyadh Meetings» Initiative with a First Panel Discussion on the Capital’s Urban Landscape

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Reading time: < 1 MinuteThe Royal Commission for Riyadh City launched the “Riyadh Meetings” initiative as an interactive dialogue platform that brings together experts, specialists, and the city’s partners to envision the future of the capital. Yesterday, it held its first session, titled “The Urban Landscape in Riyadh,” at Qasr Al-Hukm Station, which combines the symbolism of its location in the heart of historic Riyadh with its status as one of the most prominent contemporary architectural landmarks inspired by elements of local architecture, embodying … Read more

The second day of «LEP 2026» sees the announcement of investments exceeding $2.5 billion

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LEEP 2026 Conference

Reading time: 2 MinutesThe second day of the “LEAP 2026” conference saw the announcement of investments and major launches with a total value of approximately $2.5 billion, including data centers, cloud services, the localization of technology solutions, and research and development; thereby reinforcing the Kingdom’s position as a global hub for digital infrastructure and advanced technologies in the digital age. Al-Ma’amar Information Systems (MIS) led today’s announcements with an investment worth $1.2 billion; … Read more

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