April 6, 2026
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News

Manufacturing

Saudi’s MAKEEN, Hyundai Signs License Agreement for HiMSEN dual fuel engines

August 1, 2024 Mohammad S
In a significant step to strengthen industrial capabilities in the Kingdom, Saudi Engines Manufacturing Company (MAKEEN) and HD Hyundai Heavy Industries have signed a license …
Finance

Saudi’s PIF Signs MOU worth $50 billion with leading financial institutions

August 1, 2024 Mohammad S
PIF announced in a statement that it has signed six memorandums of understanding (MoUs) worth up to $50 billion with leading financial institutions. These MoUs …
Construction

Saudi’s MODON Signs Contracts Worth $266.6 million to Develop Industrial Cities

August 1, 2024 Mohammad S
The Saudi Authority for Industrial Cities and Technology Zones (MODON) has recently sealed nine substantial contracts with the private sector, totalling over SAR1 billion. These …
Construction

Parsons Awarded over $160 million Contracts in Saudi Arabia

August 1, 2024 Mohammad S
Parsons announces as part of Second Quarter results for 2024, that it has awarded new contracts in Saudi Arabia. The value of the contracts are …
Construction

ROSHN, Aramco to Build Stadium in Khobar

July 31, 2024 Mohammad S
ROSHN, Saudi Arabia’s leading national real estate developer and a PIF company, has announced a collaboration with Aramco, one of the world’s leading integrated energy …
Oil and Gas

UAE: ADNOC’s Offshore SARB Field Commences AI-Enabled Digital Operations

July 31, 2024 Mohammad S
ADNOC announced that its offshore Satah Al Razboot (SARB) field has achieved a 25% increase in production capacity through the implementation of industry-leading advanced digital …
Construction

ROSHN Announces Construction of Iconic 45,000 Seat Stadium in Riyadh

July 31, 2024 Mohammad S
ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF Company, has announced the development of an iconic 45,000-seat stadium spanning over …
Water

Oman: Galfar awarded $90.9 million Contract

July 30, 2024 Mohammad S
Galfar Engineering & Contracting SAOG, Oman announced in a statement that it has awarded the project, “Expansion of Raysut Water Reclamation Plants – Phase III …
PPP

EWEC Receives Bidder Proposals for Saadiyat Island RO Desalination Project

July 30, 2024 Mohammad S
EWEC (Emirates Water and Electricity Company), a leading company in the integrated planning, purchasing and supply of water and electricity across the UAE, has announced …
Construction

Saudi Arabia unveils designs for King Salman Stadium

July 29, 2024 Mohammad S
The Royal Commission for Riyadh City and the Ministry of Sport have announced the designs and plans for the King Salman Stadium and its sporting …

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Oil and Gas

Oman LNG Signs Sales and Purchase Agreement with Shell

April 17, 2024
Oman LNG announced the signing of a Sales and Purchase Agreement (SPA) with Shell International Trading Middle East Limited (SITME) to deliver a total of …
Press Releases

Red Sea Global brings Sustainable Aviation Fuel to the Kingdom for the first time

February 26, 2025
Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, has announced a deal to bring Sustainable Aviation Fuel (SAF) …
Power

Alfanar awarded $30.5m 380kV Khasm Al Aan Substation expansion Project

June 7, 2021
Saudi Electricity Company (SEC) awarded the project” expansion of 380kV Substation at Khasm Al Aan, 9017 BSP”. The project location is in Riyadh. The Project …
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