EDITION
HOT SELLER THIS WEEK
- On 28 October, Mace was appointed procurement advisory consultant for Expo 2030 Riyadh. The contract value was not disclosed. The appointment creates opportunities for professional consulting, procurement training and project-management services. HPC can support training providers and consultancies with digital learning platforms and advanced data infrastructure.
- On 3 November, Saudi Arabia’s Public Investment Fund secured US$3 billion in financing backed by Italy’s export credit agency, including a €1.04 billion green tranche. The financing strengthens access to capital for sustainable investment and international business cooperation. HPC can support organisations with ESG reporting, environmental analytics and sustainability data platforms.
- On 3 November, Saudi Aramco reported third-quarter 2026 net income of approximately US$36.3 billion, while adjusted net income reached US$31.2 billion. The results highlight the scale of Saudi Arabia’s energy and financial activity. HPC can support financial institutions with investment modelling, risk analysis and portfolio analytics.
- On 2 November, the Capital Market Authority approved new IPO rules requiring underwriting agreements before book-building begins and stronger disclosure of financial forecasts. The provisions take effect upon publication, with no contract price attached. HPC can support public institutions and regulated businesses with compliance analytics, governance systems and regulatory data management.
- On 2 November, healthcare leaders discussed funding reforms, preventive care and domestic medicine manufacturing during meetings in Riyadh. The discussions focused on strengthening healthcare resilience and local production, but no project investment amount was announced. HPC can support healthcare providers with medical data analytics, research computing and digital health infrastructure.
- On 3 November, Saudi Arabia’s non-oil private sector recorded its seventh consecutive month of expansion, with the October Purchasing Managers’ Index at 54, despite rising input costs. Continued business activity supports demand for skilled employees and workforce services. HPC can support employers with workforce analytics, skills forecasting and recruitment data systems.
- On 2 November, Taqat Mineral Trading clarified its scrap iron and metal-drum purchase agreement with Alfanar, confirming a price of SAR 1,716 per tonne. The contract has no fixed total value and runs for three months, with the final amount based on supplied quantities. HPC can support industrial suppliers with inventory forecasting, recycling analytics and supply-chain optimisation.
- On 1 November, GO Telecom awarded a SAR 185.9 million contract, excluding VAT, for the supply and installation of AI data-centre infrastructure. The 12-month project includes advanced computing systems and NVIDIA GPUs. HPC can support data-centre operators with high-performance computing, system integration and infrastructure management.
- On 2 November, the Capital Market Authority approved new provisions strengthening underwriter responsibilities, verifying investor liquidity and requiring forward-looking financial forecasts in IPO documents. No financial contract value was disclosed. HPC can support financial advisers and regulated companies with compliance monitoring, audit data systems and governance analytics.
- On 1 November, Aramco completed its acquisition of a 49% stake in Saudi AI company HUMAIN through a cash investment of approximately SAR 9.9 billion (US$2.6 billion), while PIF retained 51%. HPC can support investors and technology companies with valuation modelling, transaction analysis and strategic investment planning.
- A market update published on 29 October reported that Saudi Arabia’s contract awards had reached approximately US$76 billion during 2026 so far. The figure highlights continued activity across construction, infrastructure and other project sectors. HPC can support investors with market intelligence, economic forecasting and commercial data analytics.
- On 30 October, contractors submitted bids for the design and construction of the Saudi Pavilion at Expo 2030 Riyadh. The contract value was not disclosed. The tender creates opportunities for exhibition designers, production companies and creative agencies. HPC can support media businesses with audience analytics, digital campaign measurement and content technology.
- On 1 November, Cenomi Centers announced a SAR 825 million contract for mall and office development in downtown Madinah. The project is scheduled to run for 30 months, excluding VAT. HPC can support property developers and contractors with construction forecasting, property analytics and investment modelling.
- On 1 November, Aramco completed a SAR 9.9 billion (US$2.6 billion) investment for a 49% stake in HUMAIN, supporting the expansion of Saudi Arabia’s artificial intelligence ecosystem. The transaction highlights major capital commitments to emerging technology. HPC can support startups and investors with AI infrastructure, financial modelling and scalable computing solutions.
- On 28 October, Al Moammar Information Systems (MIS) disclosed an approximately SAR 134.84 million framework contract with the Saudi Data and Artificial Intelligence Authority for hardware supplies over 36 months. HPC can support technology suppliers with enterprise computing infrastructure, data platforms and system integration services.
- On 3 November, Saudi Arabia’s Ministry of Commerce reported that commercial registrations for tourist lodges increased 52% year on year to 18,115 by the end of the third quarter of 2026. Tourist accommodation registrations rose 37% to 18,956, while tour-organising registrations reached 11,949. HPC can support hospitality operators with demand forecasting, booking analytics and revenue-management systems.
Sector stories & insights.
On 28 October 2026, Mace Consult was appointed procurement advisory consultant for Expo 2030 Riyadh. The contract value was not publicly disclosed.
The appointment creates opportunities for procurement training, professional consulting and project-management services. HPC supports organisations with technology planning, data analytics and high-performance computing solutions for large-scale projects.
On 27 October 2026, a report highlighted growing sustainability disclosures by Saudi companies, reflecting increasing attention to environmental and governance reporting. No project price was disclosed.
Businesses require reliable emissions data, sustainability reporting and environmental analytics. HPC supports organisations with ESG data platforms, reporting infrastructure and sustainability analytics.
On 1 November 2026, Saudi Re reported net profit of SAR 194.16 million for the first nine months of 2026, up 63.5% year on year. Insurance revenue reached approximately SAR 2.07 billion.
The results highlight growth in Saudi Arabia’s insurance market. HPC supports financial institutions with risk modelling, portfolio analytics and advanced financial data infrastructure.
On 31 October 2026, the United States signed its participation agreement for Expo 2030 Riyadh. The agreement value was not disclosed.
International participation creates opportunities for public-sector coordination, procurement and event-related services. HPC supports government organisations with data analytics, digital planning and high-performance computing infrastructure.
On 27 October 2026, Elm and Dr. Sulaiman Al Habib Medical Group signed an agreement to strengthen digital integration in healthcare services. Financial details were not disclosed.
Healthcare providers require connected systems, secure patient-data platforms and advanced analytics. HPC supports healthcare organisations with digital infrastructure, AI-enabled analytics and high-performance computing solutions.
A report published on 28 October 2026 highlighted 19 hospitality projects with expected investment of SAR 6.7 billion and more than 17,000 jobs. The projects are also expected to add over 3,000 hotel rooms.
The developments will increase demand for hospitality professionals, technical staff and management talent. HPC supports employers with workforce analytics, recruitment planning and skills-development technology.
On 27 October 2026, Pandrol and Links Investments announced plans for a Riyadh facility manufacturing rail fastening components. Production is expected to begin in the first half of 2027; investment value was not disclosed.
The project creates opportunities for industrial suppliers, equipment providers and logistics companies. HPC supports manufacturers with supply-chain analytics, operational modelling and digital infrastructure.
On 1 November 2026, Cenomi Centers announced a SAR 825 million contract for a downtown Madinah development covering mall and office components. The project is scheduled to run for 30 months, excluding VAT.
The development creates opportunities for construction suppliers, engineering consultants and infrastructure service providers. HPC supports project teams with investment modelling, project analytics and high-performance computing solutions.
From 27 October 2026, the 50% Saudisation requirement for accounting professions applies to private-sector establishments employing five or more accountants.
Employers need compliance monitoring, workforce records and regulatory reporting systems to meet localisation requirements. HPC supports organisations with compliance analytics, data governance and workforce-reporting platforms.
On 1 November 2026, Aramco completed its acquisition of a 49% stake in Saudi AI company HUMAIN through a cash investment of approximately SAR 9.9 billion, equivalent to US$2.6 billion. PIF retains 51%.
The transaction highlights growing corporate investment in artificial intelligence and digital infrastructure. HPC supports investors with financial modelling, investment analytics and strategic technology assessments.
A market update published on 29 October 2026 reported that Saudi Arabia’s contract awards had reached approximately US$76 billion during the year so far.
Investors and suppliers require reliable market intelligence to evaluate project pipelines, sector demand and commercial risks. HPC provides economic forecasting, business intelligence and data-driven market analysis.
On 30 October 2026, contractors submitted bids for the design and construction of the Saudi Pavilion at Expo 2030 Riyadh. The contract value was not publicly disclosed.
The procurement activity creates opportunities for exhibition designers, creative agencies, production companies and communications specialists. HPC supports media businesses with audience analytics, campaign measurement and digital strategy.
On 1 November 2026, Cenomi Centers announced a SAR 825 million contract for mall and office components in downtown Madinah. The development is expected to take 30 months, excluding VAT.
The project creates demand for construction materials, engineering services and commercial-property solutions. HPC supports developers with property analytics, project forecasting and investment-modelling systems.
On 28 October 2026, Snowflake announced a projected US$300 million investment in its Saudi Arabia operations through 2030, equivalent to approximately SAR 1.125 billion.
The expansion creates opportunities for technology startups, cloud-service providers and data-focused businesses. HPC supports emerging companies with scalable computing infrastructure, AI analytics and technology-development platforms.
On 29 October 2026, Al Moammar Information Systems (MIS) announced a three-year IT supply contract with Ma’aden valued at SAR 114,039,810.70, including VAT.
The agreement highlights demand for enterprise technology and digital services. HPC supports technology providers with secure data platforms, advanced computing infrastructure and digital transformation solutions.
Saudi Arabia's Hospitality Investment Pipeline Targets SAR 6.7 Billion
A report published on 28 October 2026 highlighted 19 hospitality projects with SAR 6.7 billion in expected investment and more than 3,000 additional hotel rooms.
The developments are expected to support demand for accommodation, travel services and hospitality operations. HPC supports hotels and travel operators with demand forecasting, revenue analytics and intelligent booking systems.