Tokyo event showcases Saudi Arabia’s NEOM 

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Tarek Qaddumi briefed Japanese media on NEOM projects. (ANJ)
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Tarek Qaddumi briefed Japanese media on NEOM projects. (ANJ)
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Tarek Qaddumi briefed Japanese media on NEOM projects. (ANJ)
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Discover NEOM events will also take place in South Korea, India, Singapore and other cities around the world. (Supplied)
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Updated 20 September 2023
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Tokyo event showcases Saudi Arabia’s NEOM 

  • Event was part of the Discover NEOM tour, which is being held in major cities around the world and took place at the Toranomon Hills Forum in the center of Tokyo
  • Norihiko Ishiguro, chairman of the Japan External Trade Organization, said that NEOM presented Japanese companies with a great opportunity

TOKYO: Saudi Arabia’s NEOM project was featured at an event in Tokyo on Wednesday with the support of Japan’s Ministry of Economy, Trade and Industry, the Japan External Trade Organization and the Center for Cooperation in the Middle East.

The event was part of the “Discover NEOM” tour, which is being held in major cities around the world and took place at the Toranomon Hills Forum in the center of Tokyo.

NEOM’s leadership team highlighted the partnership and investment opportunities it presented and the current status of the project.

Rayan Faiz, deputy CEO of NEOM, said: “We are grateful for the unwavering support of the Ministry of Economy, Trade and Industry, the Japan External Trade Organization, and the Middle East Cooperation Center. By introducing NEOM’s vision, we will be able to expand the potential for investment opportunities and we can highlight the synergies of NEOM with Japan’s green growth strategy, which aims to achieve carbon neutrality by 2050.”

Norihiko Ishiguro, chairman of the Japan External Trade Organization, said that NEOM presented Japanese companies with a great opportunity to support the Saudi project and invest in the Kingdom.

“NEOM is a giga project that brings together the wisdom of humanity, and to realize it will require the world’s most outstanding technology and innovation,” he said. “Japan is committed to providing solutions to various social issues. We have many companies with brilliant technology and this is exactly the field where Japan can contribute to NEOM.”

Japanese industry leaders and ministry and government officials interacted with NEOM’s leadership to explore future partnership opportunities for the 170-km long, 200-meter wide and 500-meter tall building.

Discover NEOM events will also take place in South Korea, India and Singapore and other cities around the world, including New York, Boston, Washington, Miami, Los Angeles, San Francisco, Paris, Berlin and London.

NEOM will include a hyper-connected cognitive city, ports, enterprise zones, research centers, sports and entertainment facilities, and tourist destinations.


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
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Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.