Saudi’s NEOM appoints Independent Safety Assessor for THE LINE urban development project
Saudi mega project NEOM has appointed French construction engineering and mobility consultancy Egis, its subsidiary AuditSafe, and Certifer to act as the Independent Safety Assessor (ISA) for the railway system in THE LINE and the NEOM Industrial City Connector (NICC). The NICC will comprise of several individual lines: high speed rail lines, freight rail lines, […]
LuLu strengthens presence in Saudi Arabia
The hypermarket, which is also the 28th in the country, was officially inaugurated by Ibrahim Al- Khorayef, the governor of Qatif, in the presence of Yusuff Ali M A, chairman and MD of Lulu Group and other dignitaries in the Al Muntazah district of Dammam. “The Saudi government has taken brave measures to empower […]
Saudi Aramco’s Q3 net profit jumps 39%; free cash flow at record $45bln
Saudi Aramco posted a nearly 39% jump year-on-year (YoY) in Q3 net profit at $42.4 billion driven by higher oil prices and increased sales volumes. The oil giant said it plans to expand long-term production capabilities and develop low-carbon solutions. The profit easily topped the mean estimate of $40.57 billion, according to data compiled by […]
IDH to launch new diagnostic venture in Saudi Arabia with $19.7mln estimated investment cost
Integrated Diagnostics Holdings (IDH) has signed a Joint Venture (JV) agreement with Al Makhbaryoun Al Arab (Biolab) and Izhoor Holding Medical Company (Izhoor) to launch a new diagnostic venture in Saudi Arabia. IDH Group (IDH and its Jordanian subsidiary Biolab) will own 50% of the new JV and the remaining 50% will […]