Your Weekly Round Up

YOUR WEEKLY ROUNDUP

In case you missed this weeks latest developments in the growth of Saudi Arabia we’ve compiled the best articles for you.

In Today’s Edition:

• Riyadh’s Rising Skyline Demonstrates Saudi Arabia’s Global Ambitions

• Zaha Hadid Architects Starts Construction on Asaan Museum in Diriyah

• ARDARA Unveils Its First Lifestyle Community at AlWadi in Aseer Region

• Uber Surpasses Lucid to Become PIF’s Largest US Equity Holding by Value

• Today’s Newsletter’s Sponsor

TRAVEL

✨Riyadh’s Rising Skyline Demonstrates Saudi Arabia’s Global Ambitions

Riyadh's skyline is undergoing a dramatic transformation, with new skyscrapers and urban developments reflecting Saudi Arabia's ambitious Vision 2030 goals to become a global hub.

Key Takeaways:

• Riyadh is experiencing rapid vertical growth, with new smart skyscrapers and luxury residential towers.

• This development aims to accommodate a projected population of 9.6 million by 2030 and increased demand from businesses and expatriates.

• Major infrastructure projects, such as Expo 2030 and the FIFA 2034 World Cup, are driving this growth.

Riyadh's rapidly changing skyline is a tangible representation of Saudi Arabia's bold global ambitions under Vision 2030. Read more

REAL ESTATE

✨Zaha Hadid Architects Starts Construction on Asaan Museum in DiriyahS

Construction has officially begun on the Asaan Museum in Diriyah, Saudi Arabia, a significant cultural project designed by the renowned Zaha Hadid Architects.

Key Takeaways:

• The Asaan Museum is a three-story, 40,000 square meter facility located in Diriyah, a historically significant site.

• Designed by Zaha Hadid Architects, its architecture is inspired by traditional Najdi style, featuring adobe walls made from local, sustainable materials.

• The museum is part of the massive $63 billion Diriyah Gate project, which aims to highlight the historical birthplace of Saudi Arabia.

The commencement of construction on the Asaan Museum marks a significant milestone in Saudi Arabia's cultural and architectural landscape. Read more

HOSPITALITY

✨ARDARA Unveils Its First Lifestyle Community at AlWadi in Aseer Region

ARDARA has unveiled AlWadi, its inaugural lifestyle community located in Saudi Arabia's Aseer Region, designed to merge contemporary living with the area's rich cultural heritage.

Key Takeaways:

• AlWadi is ARDARA's first lifestyle community, situated in the Aseer Region of Saudi Arabia.

• The development comprises five distinct districts, offering a mix of residential, commercial, and recreational spaces.

• Housing options include luxury apartments and branded villas, alongside five-star and four-star hotels and retail areas.

AlWadi by ARDARA marks a significant step in sustainable urban development within Saudi Arabia's Aseer Region. Read more

THE PIF

✨Uber Surpasses Lucid to Become PIF’s Largest US Equity Holding by Value

Uber has now become the Public Investment Fund (PIF) of Saudi Arabia's largest US equity holding by value, surpassing Lucid Motors.

Key Takeaways:

• As of March 2025, the PIF's stake in Uber reached $5.31 billion, making it the largest US equity holding.

• This shift is due to an increase in Uber's stock price and a decrease in Lucid's market value, with Lucid holdings dropping to $4.29 billion.

• The PIF is also increasing stakes in companies like PayPal and expanding investments in tech giants such as Amazon and Microsoft.

The Public Investment Fund of Saudi Arabia has rebalanced its US equity portfolio, with Uber now taking the lead as its most valuable holding. Read more

This Newsletter Is Sponsored by Welcome Saudi

The No. 1 Travel Website To Discover The Best Hotels, Restaurants & Tourist Destinations in Saudi Arabia