Business & Money | Monday 10 March, 2025 11:19 am

ACWA Power opens innovation hub in China

ACWA Power Co. launched its first overseas innovation center in Shanghai’s Pudong New Area, China, at an initial investment of CNY 20 million ($2.8 million), according to a statement on Tadawul today, March 9.The hub will focus on five key sectors: photovoltaics, wind power, energy storage, green ...

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Business & Money | Monday 10 March, 2025 11:09 am

NWC announces the completion of sewage lines in Al-Arid district of Riyadh at SR +33m

The National Water Company (NWC), represented by its Central Cluster, announced the completion of the implementation of sewage lines in Al-Arid district, north of Riyadh, at a total cost of more than 33 million Saudi Riyals. This is part of NWC’s ongoing efforts to implement its strategic plans...

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Business & Money | Sunday 9 March, 2025 8:00 am

MAWANI launches expansion of container terminal at Jeddah Port with SAR 3B investments

The Saudi Ports Authority (MAWANI), in collaboration with DP World, launched expansion and development works for the Southern Container Terminal at Jeddah Islamic Port. This initiative aims to boost operational capabilities and increase the port’s handling capacity, with an investment value of...

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Business & Money | Sunday 9 March, 2025 8:00 am

King Salman, Crown Prince donate SAR 70M to National Campaign for Charitable Work

King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman donated SAR 40 million and SAR 30 million, respectively to the fifth edition of the National Campaign for Charitable Work through the Ehsan platform. The donation builds on the leadership's continuous support for...

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Business & Money | Sunday 9 March, 2025 8:00 am

Saudi Arabia submits Expo 2030 registration dossier to BIE

Saudi Arabia officially submitted the registration dossier for World Expo 2030 Riyadh to the Bureau International des Expositions (BIE), marking a significant milestone in the Kingdom’s preparations to host the global event, according to the Saudi Press Agency.The dossier, a crucial requirement...

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Business & Money | Friday 7 March, 2025 2:54 pm

PIF extends deadline for central business district in Riyadh: Report

The Public Investment Fund (PIF) extended the deadline for receiving bids to appoint a project management consultancy (PMC) for its upcoming central business district (CBD) on the outskirts of Riyadh, according to MEED. The CBD will include a proposed two-kilometer-high tower. The...

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Business & Money | Friday 7 March, 2025 2:40 pm

DP WORLD AND MAWANI INAUGURATE SAR 3 BILLION STATE-OF-THE-ART TERMINAL IN JEDDAH

DP World and Saudi Ports Authority (Mawani) have unveiled the new state-of-the-art South Container Terminal at Jeddah Islamic Port, marking a major milestone in DP World’s SAR 3 billion ($800 million) expansion and development programme to upgrade the terminal and enhance Saudi Arabia’s...

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Business & Money | Thursday 6 March, 2025 2:34 pm

PIF, Italy’s SACE sign $3B MoU

The Public Investment Fund (PIF) and SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, signed a memorandum of understanding (MoU) to strengthen their bilateral partnership. Under the MoU, the parties will cooperate on sharing...

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Business & Money | Thursday 6 March, 2025 2:24 pm

stc Group Increases Connectivity Speed in the Two Holy Mosques By Over 120%

stc Group, Saudi Arabia’s leading digital enabler, is enabling world-class connectivity for millions of pilgrims and visitors during Ramadan with its expanded 5G network, increasing network infrastructure to accommodate over 120% faster download speeds. stc Group’s network analytics...

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Business & Money | Wednesday 5 March, 2025 8:00 am

SGS wins SAR 500M ground-handling contract from Riyadh Air

Saudi Ground Services Co. (SGS) won a bid from Riyadh Air to provide ground-handling services for three years, starting from March 1, 2025, subject to extension for an additional two years. Under the SAR 500 million contract, SGS will provide ground-handling services for all Riyadh Air...

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