Saudi announces 50 investment opportunities worth over $26.6bln in machinery, equipment sector
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef, who is also Chairman of National Industrial Development Center (NIDC), announced that the industry and mining sector is working with relevant authorities to attract 50 investment opportunities worth more than SAR 96 billion in the machinery and equipment sector. The investment opportunities, which […]
Mohammed bin Salman Nonprofit City signs agreement with Le Cordon Bleu
Mohammed bin Salman Nonprofit City signed an agreement with Le Cordon Bleu, one of the world’s leading educational centres in culinary arts and hospitality management. The objective of this partnership is to strengthen cooperation and develop Saudi talents in culinary arts both locally and globally. As part of this agreement, Le Cordon Bleu Arab […]
Saudi material cost trends: Iron falls nearly 10%, cement rises 1% in Q1 2023
The average price of iron in Saudi Arabia declined by 9.65 percent to 3,196.88 Saudi riyals per tonne in the first quarter of 2023 from SAR 3,538.50 per tonne in the year-earlier period, according to the country’s General Authority for Statistics. Iron prices – Q1 2023 v/s Q1 2022 Cabling prices slipped 3.65 percent year-on-year […]
Saudi Ports gain 17.57% in Q1 container volumes
Quarterly container statistics further show a 16.08% spike in exported TEUs, attaining a total of 559,829 against the last year’s Q1 volume of 513,273 TEUs The Saudi Ports Authority (Mawani) has reported a 17.57% increase in container processing at its trade hubs during the first quarter of 2023, scoring a throughput of 2,011,162 TEUs compared […]