Saudi’s PIF sets up Al Balad Development Company to transform Jeddah’s historic district
Saudi’s Public Investment Fund (PIF) has established Al Balad Development Company (BDC). The launch of BDC aligns with PIF’s strategy to diversify Saudi Arabia’s economy through developing and enabling strategic […]
Saudi’s Knowledge Economic City signs development pact with China Gezhouba Group
Saudi Arabia’s Knowledge Economic City (KEC) has signed a framework agreement with China Gezhouba Group International Engineering Company (CGGC) to support the development of the Saudi company’s projects. Under the […]
Saudi’s RCU set to award contract for AlUla Tramway project in coming days
The Royal Commission of AlUla (RCU), the master developer of the historic city of Alula in north-west Saudi Arabia, is expected to award the design, build, and operate contract for […]
KPM Engineering revenue grows on big Saudi projects win
Global multidisciplinary engineering company, KPM Engineering (KPM) has announced that it has achieved a record year in 2022 with a 100 per cent increase in revenue growth across the business. […]
Webuild unit secures $439mln Saudi water project contracts
Fisia Italimpianti, a subsidiary of the Webuild Group (formerly Salini Impregilo Group) has won two contracts worth a combined value of €408 million ($439 million) for the construction and management […]
Saudi Arabia to re-tender two 3.6GW power projects
Saudi Power Purchasing Company (SPPC) has announced plans to re-tender two independent power projects in the kingdom – Taiba IPP and Qassim IPP – each with a 3.6GW capacity. According […]
3.6mln Saudi homes under fiber optics coverage, penetration rate crosses 60%
Governor of the Communications, Space and Technology Commission (CST) Dr. Mohammed Altamimi has said the commission is striving to stimulate investment and enhance positive competitiveness in the information […]
NWC to start work on $1.1bln Saudi desalination projects
Saudi Arabia’s National Water Company (NWC) is set to start work on a range of water desalination projects worth more than SR4.3 billion ($1.1 billion) covering key regions of Dammam, […]
Saudi Arabia launches first luxury island destination on NEOM
Saudi Crown Prince and Prime Minister Mohammed bin Salman announced the launch of Sindalah, the first luxury island and yacht club destination, in $500 billion NEOM, state-owned Saudi Press Agency […]
Voltas’ unit lands HVAC services contract in Saudi Arabia
Voltas, a premier air conditioning and engineering solutions provider and a projects specialist, said its International Operations Business Group has won a new project in Saudi Arabia to provide heating, […]