Saudi Electricity Co. (SEC) achieved financial closure for Qassim 1 and Taiba 1 independent power projects (IPPs) at a total value of SAR 11.4 billion ($3.04). According to the Saudi Press Agency, the financing agreements were signed by the project companies, Sidra One Co. for the...
The National Housing Co. (NHC) signed a cooperation agreement with China's CITIC Construction Group to establish an industrial city and logistics zones for building materials, Saudi Press Agency reported. In a statement, NHC said the project will include 12 factories to secure supply chains...
ADES Holding Co. received a direct award contract (DAC) from Suez Oil Co. (SUCO) in Egypt, on May 2, for jack-up drilling rig in the Gulf of Suez, at a total value of SAR 161 million. In a statement to Tadawul, the company said that the 21-month contract is...
Arabian Travel Market (ATM), the leading global event for the travel and tourism sector, will return to the Dubai World Trade Centre this week for its 31st edition. Taking place from 6-9 May, over 41,000 attendees are expected to visit the annual trade show, which will feature 2,300...
The organisers of Arabian Travel Market 2024 (ATM) and representatives from the exhibition’s strategic partners, which include the Dubai Department of Economy and Tourism (DET), Emirates, IHG Hotels & Resorts, and Al Rais Travel, have outlined their plans for the event, which takes place from ...
The Department of Finance in Ajman recently held a number of in-person and virtual meetings with representatives of government departments in the Emirate of Ajman to follow up on the implementation of the government services cost calculation guide adopted by Sheikh Ahmed bin Humaid Al Nuaimi...
During the Automechanika Riyadh Academy, which continues today (2 May) as part of the ongoing 6th edition of Automechanika Riyadh, James Luxbacher, Chief Business Development Officer at SIXT KSA, shared vital insights into the future of smart mobility within Saudi Arabia. According to the...
AviLease, the rising global aircraft lessor wholly owned by PIF, Saudi Arabia’s sovereign wealth fund, has successfully delivered four Airbus A321neo aircraft on lease to Colorado-based low cost operator Frontier Airlines. These are the first of six next generation aircraft that will be delivered ...
On the sidelines of the Tashkent International Investment Forum held under the patronage of His Excellency President Shavkat Mirziyoyev, President of the Republic of Uzbekistan, Saudi-listed ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and...
Since its inception in the early 1980s, 3D printing has evolved from a niche technology used primarily in research settings to a disruptive force reshaping the real estate industry. This transformation is particularly pronounced in the Middle East, where ambitious architectural projects have become ...