PIF, Hyundai to build $500m high-tech car manufacturing plant in Saudi Arabia
In a groundbreaking development aimed at transforming Saudi Arabia’s automotive landscape, the Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have officially signed a joint venture agreement to establish a highly automated vehicle manufacturing plant within the kingdom’s borders. PIF, Hyundai joint venture The joint venture, unveiled at the Saudi-Korean Business Forum, comes as […]
Flynas to begin new flight between Jeddah and Ankara
Saudi low-cost airline Flynas will launch a direct weekly flight between Jeddah and Ankara starting November 7. The airline said that the decision to introduce the new flight was made to meet the objectives of the kingdom’s Pilgrims Experience Program (PEP) to facilitate access to the Two Holy Mosques and the National Civil Aviation Strategy […]
SCA inks MoU with International Contractors Association of Korea
The Saudi Contractors Authority (SCA) has signed a memorandum of understanding (MoU) with the International Contractors Association of Korea (ICAK) in order to strengthen cooperation between the entities. The signing ceremony was held under the patronage of the Minister of Municipal and Rural Affairs and Housing, Mr. Majid Al-Hoqail, and the Minister of Land, Infrastructure, […]
Saudi Arabia & Singapore elevate relations to ‘Strategic Partnership’
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia has elevated the relations to a strategic partnership with Singapore. In the economic realm, Crown Prince and Singapore’s Prime Minister Mr. Lee Hsien Loong addressed challenges in the global economy, noting a 51 percent growth in […]
Mawani & SGP deal for new logistics park at King Abdulaziz Port
The Saudi Ports Authority (Mawani) and Saudi Global Ports (SGP) have inked a deal to build a fully integrated logistics park spanning over 1 million square meters at King Abdulaziz Port in Dammam, with an investment nearing $266 million. The agreement was signed in the presence of HRH Prince Abdulaziz bin Salman bin Abdulaziz Al […]
Elm & NeXplain Solutions to foster technological and consulting services
Elm, a leading digital solutions company, has signed a memorandum of understanding (MoU) with NeXplain Solutions, a Spanish company that specializes in providing smart business solutions and digital consulting. The partnership marks the beginning of a dynamic partnership that fosters effective technological and consulting services. The partnership serves as a roadmap for collaboration to provide […]