Jordan, Saudi Arabia to sign electric connection agreements by year’s end
Jordan and Saudi Arabia on Tuesday discussed three agreements regarding the electric connection between the two countries, expected to be officially signed by the end of 2022. The executive, operational and commercial features of the agreements were discussed during a meeting between National Electric Power Company (NEPCO) Director Amjad Rawashdeh and Saudi Power Procurement […]
Saudi Arabia to finance $63mln highway project in Senegal
Saudi Arabia’s development fund will give Senegal a $63 million dollar loan to finance the construction of a coastal highway from Dakar to Saint-Louis and Dakar to Tivaoune, it said in a statement on Tuesday. Reuters News
Saudi-listed firm bags $23mln contract to develop bus transport system in Taif city
Saudi Public Transport Company (SAPTCO) has been awarded a project by Taif Municipality to develop a public bus transport system in Taif city. The five-year project is valued at 88 million Saudi riyals ($23.39 million), the company said in a stock exchange statement. In March, the Transport General Authority announced that it will roll out […]
Saudi’s NEOM rebrands tech company as ‘Tonomus’, invests $1bln in 2022
NEOM Tech & Digital Company — the first company to be established as a full-fledged subsidiary of NEOM — launched on Tuesday as ‘Tonomus,’ signaling the next stage in its growth trajectory as a cognitive multinational conglomerate. Headquartered at NEOM since its 2021 inception as the pioneering project’s technology and digital lead, Tonomus is […]