Eastern Province Cement Co. signed today, Feb. 29, a 26-month contract with China's Sinoma CDI to establish a new production line in the company’s plant in Khursaniyah at a value of SAR 270.53 million, the company said in a statement to Tadawul. The new production line will operate with a...
Bahri Desalination, a specialized business unit of the National Shipping Company of Saudi Arabia (Bahri), the global shipping and logistics leader, has established a new milestone in seawater desalination production, reinforcing its position as the industry pioneer with the largest...
Saudi-listed ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, todayannounced a record net profit of SAR 1,662 million in its financial results for the full year ended 31 Dec 2023. Supported by...
Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Co., said that the total value of the company's Thakher Makkah project may exceed SAR 26 billion, pointing out that the project, which spans over a total area of 320,000 square meters, is one of the most important private sector projects in...
Jeddah Historic District Program, under the patronage of the Saudi Ministry of Culture, has signed an agreement with Al Balad Development Company, a PIF Company, to operate heritage hotels in the Jeddah Historic District. The move aims to develop the tourism sector in the area, enhance the level of ...
“Jazeera Paints”, the leading company in the industry of paints, colors, and construction solutions, is the Golden Sponsor of Yanbu Flower and Garden Festival 2024, launched by the Royal Commission for Jubail & Yanbu in Yanbu Industrial City on 15 February until 9 March, adding a ...
Today marks the grand opening of the 12th edition of Big 5 Construct Saudi, the largest construction event in the Kingdom, running till 29 February 2024 at the Riyadh Front Exhibition & Conference Centre. With anticipation at its peak, more than 55,000 attendees are gearing up to explore a...
Saudi Real Estate Co. (Al Akaria) signed on Feb. 25, a 5-year contract with the Royal Commission for AlUla and AlUla Development Co., to develop the Sidrat AlUla project in AlUla Governorate, the company said in a statement to Tadawul. The 260,230-square-meter (sqm) project...
Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), stated that the fund's assets in Saudi Arabia exceeded 70% of its total assets, while assets abroad accounted for less than 25%. The PIF aims to bring the value of its assets outside Saudi Arabia to 20–25% of total...
Thakher Development Company, the master developer of the master plan and infrastructure of Thakher Makkah project, has announced a new partnership with “Bank Albilad”, aiming to provide sales finance solutions for customers to invest in the “Radisson Hotel & Residences”. The...