Middle East Specialized Cables Co. (MESC) secured a Shariah-compliant credit facility worth SAR 100 million with Al Rajhi Bank on April 28, according to a statement to Tadawul. The facility, which runs for one calendar year, will go for financing the company's working capital, it...
National Housing Co. (NHC) signed an agreement with Urbas Middle East Real Estate Company, a subsidiary of the Spanish company Urbas, to build 589 housing units in the Al-Fursan suburb, with a value of approximately SAR 1 billion. The agreement, which was signed in the...
Marriott International signed an agreement with NEOM to open its second Ritz-Carlton Reserve in Saudi Arabia. Anticipated to open in Trojena, a year-round mountain destination located in the northwest region of the country, the property will offer a complete escape into a private world of...
The Real Estate General Authority (REGA) issued 33 off-plan sales licenses in Q1 2024 to provide 13,907 new units available in the market. REGA’s Official Spokesperson, Tayseer Al-Mufarrej, said that there are 153 qualified developers engaged in real estate development activities across ...
Saudi Aramco is exploring the formation of a joint venture in the Saudi Aramco Jubail Refinery Co. (SASREF) with Chinese partner Rongsheng Petrochemical Co. Ltd. (Rongsheng) and significant investments in the Saudi and Chinese petrochemical sectors, in partnership with...
Azizi Developments, a leading private developer in the UAE, has announced its partnership with Dubai-based design consultant firm Dezign Technic for signage and wayfinding designs in its approximately AED 30 billion mixed-use development, Azizi Venice, located in Dubai South. DezignTechnic,...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, reviewed the strategic plan of the Dubai Aviation Engineering Projects and approved designs for the new passenger terminal at Al Maktoum International Airport, which will be the largest in the...
Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Tiit Riisalo, Minister of Economic Affairs and Information Technology in the Republic of Estonia. The meeting explored the possibilities for expanding cooperation in key sectors between the two countries, including the...
Global technology brand HONOR announced the HONOR Authorized Service Center in Riyadh & HONOR Jeddah Service Center on 25th April 2024. These HONOR exclusive service centers in the MENA region, will help to cater to the needs of customers in the Kingdom. Customers will be able to either send in ...
Most of Saudi Arabia’s growth in the last few years was driven by newly-created economic sectors in line with Vision 2030, such as sports, entertainment, and tourism, in addition to industrial sectors, Faisal Alibrahim, Minister of Economy and Planning, said. In a press...