INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Restoration project for Jeddah district’s old buildings completed

The Crown Prince has directed the implementation of the project to strengthen historic Jeddah buildings.
  • The project comes within the context of the Crown Prince's keenness to preserve and rehabilitate historical sites.
  • The project aimed to highlight the heritage landmarks that Jeddah District is abundant in as a site containing over 600 heritage buildings.

JEDDAH, SAUDI ARABIA – The Ministry of Culture, represented by the Jeddah Historic District Program, has announced the completion of work in the project to restore ramshackle buildings in the district under the generous donation of US$13 million (SAR50 million) from the Kingdom’s Crown Prince Mohammed bin Salman.

The project came within the context of the Crown Prince’s keenness to preserve and rehabilitate historical sites to achieve the Saudi Vision 2030 goals, which seek to reflect the Arab and Islamic depth of the Kingdom.

The project aimed to highlight the heritage landmarks that Jeddah District is abundant in as a site containing over 600 heritage buildings, 36 historical mosques, and five main markets.

This district also has ancient corridors and squares and sites with important historical connotations, such as the ancient Waterfront, which was a main route for pilgrims, and will be rebuilt to tell visitors the great story of the Hajj since the dawn of Islam.

The Crown Prince who is also the Prime Minister has directed the implementation of the project to strengthen and rescue historic Jeddah buildings by five specialized Saudi companies.

These companies carried out the work and conducted studies under the supervision of technicians with experience in historical buildings.

The implementation was carried out according to the unique design and distinctive urban structure of the Historic Jeddah District and its unique architectural elements, as some buildings contain archaeological landmarks dating back 500 years.