Business & Money | Monday 2 December, 2024 9:24 am

Alkhorayef Water bags SAR 58.8M contract from Saudi Water Authority

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on Nov. 28, a 24-month contract to operate and maintain water treatment plants at Wadi ad-Dawasir, Alsalil, Al Safa in Najran, and Alwajid. The contract from Saudi Water Authority (SWA) is valued at SAR 58.8 million, excluding ...

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Business & Money | Monday 2 December, 2024 9:19 am

Royal order to transform KKESH into non-profit organization

A royal order was issued approving the bylaws of King Khaled Eye Specialist Hospital (KKESH) and transforming it into an independent, non-profit organization under the Royal Commission for Riyadh City. ...

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Business & Money | Monday 2 December, 2024 9:17 am

Alpha Capital and Alkhoyool Alarabia Launch Real Estate Fund to Develop Office Complex in Riyadh

Alpha Capital announced the launch of a private closed-ended real estate fund to develop an upscale office complex in Riyadh. Alkhoyool Alarabia has been appointed as the main developer, entrusted with designing and executing the project to meet the highest standards. In a statement, Alpha...

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Business & Money | Monday 2 December, 2024 9:10 am

Tanmiah unit signs contract to buy SAR 143M factory

Tanmiah Food Co. announced that its subsidiary, Agricultural Development Co., signed a contract with Dajen Poultry Co. to purchase a new primary processing plant and land in Saudi Arabia for SAR 143 million. ...

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Business & Money | Monday 2 December, 2024 8:51 am

Exito's DevOps Summit 2024: Manoeuvring through Low-code/No-code Trend and Future of DevOps.

In Dubai, financial institutions are increasingly adopting LCNC platforms for improved customer experience and operational efficiency. One typical example of this is the introduction of a self-service portal by a major bank that simplified loan applications and management. This change has greatly...

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Business & Money | Monday 2 December, 2024 8:25 am

SMASCO wins SAR 84.8M project from HRSD Ministry

Saudi Manpower Solutions Co.’s (SMASCO) subsidiary, Saudi Logistic Services Co., has been awarded a project by the Ministry of Human Resources and Social Development (HRSD) worth an estimated SAR 84.8 million, including value-added tax. In a statement to Tadawul, SMASCO said the...

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Business & Money | Monday 2 December, 2024 8:24 am

Saudi economy expected to grow 4.7% in 2025, 2026: World Bank

Saudi Arabia’s economy is forecast to grow 4.7% in 2025 and 2026 driven by higher oil output, the World Bank (WB) said in a recent report. The Kingdom’s economy is expected to grow by 1.1% in 2024, supported by robust growth in non-oil activities at 4.6%. WB highlighted that Saudi...

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Business & Money | Sunday 1 December, 2024 10:28 am

sirar by stc and NWC agree to Enhance Operational Technology Network Infrastructure

The National Water Company (NWC) and Advanced Technology and Cybersecurity Company (SIRAR), a subsidiary of STC Group, have signed an agreement to enhance the operational technology network in the water sector infrastructure.  The agreement is concluded under the cooperation between the two...

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Business & Money | Sunday 1 December, 2024 10:22 am

For the fourth time SIMEC 2025 opens it’s doors on February 3, 2025, in the Kingdom of Saudi Arabia

Saudi Arabia is set to host its largest exhibition focused on sustainable seafood production, the Saudi International Marine Exhibition (SIMEC), from 3-5 February 2025. The event, now in its fourth edition, is expected to attract over 12,000 attendees and aims to showcase the country’s strides in ...

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Business & Money | Sunday 1 December, 2024 10:15 am

Saudi Water Partnership Company Forum and Award Ceremony to Foster Sustainable Collaboration in Water Sector

The Saudi Water Partnership Company (SWPC) is set to host an exclusive one-day forum on December 1, 2024, at the Fairmont Hotel in Riyadh. This premier event will gather key stakeholders, industry leaders, government officials, and corporate executives in the water sector to engage in high-level...

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