Aramco JV to start work of $10bln petchem complex in China in Q2 2023
Saudi Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of an integrated refinery and petrochemical complex in northeast China. Huajin Aramco Petrochemical […]
Saudi Arabia’s cement exports surge 67% in January 2023 – Aljazira Capital
Cement exports from Saudi Arabia surged 67.4 percent year-on-year to 638,000 tons in January 2023, Aljazira Capital said in its new report. In contrast, local sales for January 2023 stood […]
Keir wins Qiddiya Water Theme Park project work
Saudi utility services company Keir International has anounced that it has been awarded a SR69 million ($18.3 million) contract for the Qiddiya Water Theme Park project coming up near […]
Saudi cement demand likely to remain flat in 2023 – report
Saudi Arabia’s cement demand is expected to remain flat in 2023 but grow five percent year-on-year (YoY) in 2024, SICO Bank said in a new report on the cement sector. […]
Saudi developer Ajdan inks villa development agreement with ROSHN
Saudi Arabia-based Ajdan, the developer behind the Ajdan Waterfront in the Kingdom’s Eastern Province, has signed an agreement with the Public Investment Fund-backed giga-project developer ROSHN to sub-develop over 270 […]
Saudi’s Red Sea International bags $51mln contract to build housing complex in Al Ula
Red Sea International Co. has signed a contract with the Royal Commission for Al Ula (RCU) to develop an integrated housing complex in AlUla for 192.01 million Saudi riyals ($51.06 […]
Saudi-China deal sheet: Major agreements to boost two-way investments
China and Saudi Arabia have signed 35 investment agreements worth about $30 billion, during Chinese President Xi Jinping’s visit to the Kingdom, according to local media reports and press statements. […]
HRH Prince Mohammed bin Salman announces Sindalah, NEOM’s first island development
His Royal Highness Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the NEOM Company Board of Directors, has announced the development of Sindalah, the first luxury island destination […]
Saudi construction strongest in MENA with $1.1trln project pipeline
Saudi Arabia’s construction industry continues to lead the Mena region despite the macroeconomic conditions hitting the sector globally, according to leading real estate expert JLL. The kingdom has […]
Saudi’s Advanced gets license to build propane gas transport system
Saudi-listed Advanced Petrochemical Company’s subsidiary, Advanced Global Investment Company, has received approval from the Ministry of Energy to construct, own and operate pipelines for propane gas transport in Jubail Second […]
