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COMPANIES NEWS

Four Seasons Resort: Red Sea Global, Kingdom Holding sign SAR2bn joint venture

Red Sea Global (RSG), the driving force behind the ambitious regenerative tourism destinations, The Red Sea and Amaala, has confirmed the successful closure of a SAR2bn Joint Venture (JV) with

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Democrance expands footprint in Saudi Arabia

Democrance, the global InsurTech firm with a mission to make insurance accessible and affordable for those who need it most, has announced a bold expansion strategy in Saudi Arabia following

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Aramco & ENOWA to establish synthetic e-fuel demonstration facility

Saudi Aramco, a global integrated energy and chemicals company, and ENOWA, NEOM’s energy and water company, have signed a joint development agreement to construct and establish a first-of-its-kind synthetic electro-fuel

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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

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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

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PIF announces new investment company to boost Saudi car industry

A new investment company tasked with developing local supply chain capabilities for the automotive and mobility industry in Saudi Arabia has been announced by the Kingdom’s Public Investment Fund. Tasaru

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Saudi Arabia’s electricity and gas supply sector sees 21.5% growth: GASTAT

Saudi Arabia’s electricity and gas supply sector grew by 21.5 percent in August compared to the same month last year, according to the General Authority of Statistics. The electricity and

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