May 14, 2025
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Saudi Arabia

The Red Sea Dev.

Red Sea Global and Navya signs MoU for innovative transportation scheme

November 3, 2022 SaudiGulf Projects

Navya, France, an autonomous mobility systems leader, announces the signing of a memorandum of understanding with Red Sea Global, the developer responsible for some of …

Construction

Agility Signs agreement of $163m to build logistics park in Jeddah

November 3, 2022 SaudiGulf Projects

Kuwait’s Agility announced in a statement that it has signed an agreement with Saudi Arabia’s State Properties General Authority (SPGA) to build a large logistics …

NEOM

NEOM invests $175m in Volocopter to Accelerate Electric Urban Air Mobility

November 3, 2022 SaudiGulf Projects

NEOM, the smart and sustainable regional development in northwest Saudi Arabia, has announced a USD 175 million Series E investment in Volocopter, the pioneer of …

Power

ASX EV Solutions Signs a contract with Benzene Petrol Stations to operate EV Charging station

November 3, 2022 SaudiGulf Projects

Al Sharif X for Electric Vehicle Chargeing Solutions signed a long-term contract with Benzene Petrol Stations Company Limited, to operate electric vehicles chargerIng stations in …

Oil and Gas

Saudi Aramco and IBM aim to establish an Innovation Hub in Saudi Arabia

November 2, 2022 SaudiGulf Projects

Saudi Aramco and IBM announced preliminary plans for a strategic collaboration to establish an Innovation Hub in Riyadh, Saudi Arabia. The collaboration aims to support …

Power

ACWA Power Signs agreement for 110MW floating Solar PV Projects in Indonesia

November 1, 2022 SaudiGulf Projects

ACWA Power Company, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants, today announced that PT Perusahaan Listrik …

NEOM

Egis and CERTIFER appointed as an Independent Safety Assessor for NEOM’s THE LINE urban development project

October 31, 2022 SaudiGulf Projects

NEOM has appointed Egis, its subsidiary AuditSafe, and its partner Certifer to act as the Independent Safety Assessor (ISA) for the railway system in THE …

Power

L&T awarded Significant Power Transmission Orders in Saudi Arabia

October 31, 2022 SaudiGulf Projects

Larsen & Toubro (L&T) announced in a statement that its Power Transmission & Distribution business has secured multiple EPC orders in the current quarter to …

Mining

Maaden and Barrick consortium wins Umm Ad Damar exploration license

October 30, 2022 SaudiGulf Projects

Ministry of Industry and Mineral Resources, Saudi Arabia announced in a statement that a consortium consisting of Saudi Arabian Mining Co. (Maaden) and Barrick Gold …

Construction

Masar Destination Signs agreement for Seven Hotel Towers in Makkah

October 29, 2022 SaudiGulf Projects

Masar Destination, Saudi Arabia signs an agreement to develop and operate seven hotel towers with international operators to be established in Makkah. The Hotel includes …

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