Saudi Crown Prince Mohammed bin Salman has announced the launch of Soudah Development Company (SDC), which will lead the development of a luxury mountain destination in Asir region. The new entity will lead the development of a luxury mountain destination with immersive cultural experiences.

In other news, Saudi Arabian Military Industries (SAMI), a wholly owned subsidiary of the Public Investment Fund (PIF) has signed a cooperation agreement with Abu Dhabi-based NIMR, marking the first military collaboration between Saudi Arabia and the UAE.

To read about this and more of the week’s news from the Kingdom, click here.

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