Saudi’s Modon signs several investment agreements
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed several investment contracts worth more than $133 million in partnership with the public and private sectors during its participation in the “Cityscape Global” exhibition. Investment contracts included signing three contracts providing development, management, and supervision services in 13 industrial cities in cooperation with […]
Saudi Ministry signs MoU with Alfaisal University
Saudi Arabia’s Ministry of Economy and Planning has signed a memorandum of understanding (MoU) with Alfaisal University to promote economic development and implement awareness programs and initiatives to serve the community. This move is part of achieving Saudi Vision 2030 goals. The signing of the agreement took place at the university’s headquarters in Riyadh. The […]
Saudi Aramco to purchase 100% equity stake in Esmax
Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, has agreed to purchase a 100 percent equity stake in Esmax from Southern Cross Group, a Latin America-focused private equity company. Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence includes retail fuel stations, airport operations, fuel […]
UNESCO’s World Heritage List set to include 50 new sites
The World Heritage Committee has added new sites to the United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage List during its extended 45th Session, which is taking place in Riyadh from 10 September to the 25th. The newly added sites to World Heritage List encompass natural locations, including the Odzala-Kokoua Forest Massif in […]
Kaspersky Transparency Center inaugurated in Riyadh
Kaspersky, a global cybersecurity and digital privacy company, has launched its “Transparency Center”, the first of its kind in the Middle East. The Center was inaugurated by His Excellency the Vice Minister of Communications and Information Technology, Engineer Haitham bin Abdul Rahman Al-Ohali, in the presence of officials from the Ministry, the company, and a […]
Ukraine’s MHP, Tanmiah invest in Saudi Arabia’s poultry value chain
Tanmiah Food Company and Ukraine’s MHP have agreed to co-invest more than SAR200m in farming operations with more than one million parent stock capacity, as part of a broader strategy to advance Saudi Arabia’s poultry value chain. “Utilising our local knowledge combined with global best practices, our portfolio of best-in-class products, services, and solutions demonstrates […]
Saudi’s ACWA Power inks clean energy deals with Chinese firms
Saudi-listed ACWA Power has signed key MoUs with two Chinese firms to promote collaboration in areas such as green hydrogen and ammonia, global renewable energies, and integrated smart energies. The agreements were inked with state-owned China Southern Power Grid International Company and clean energy integrated solution provider MingYang Smart Energy Group, during the China (Guangdong) […]
G20 Summit: 11 key highlights of the New Delhi declaration
India’s presidency of the G20 group of countries saw the adoption of the New Delhi Declaration on the first day. It was adopted on Saturday, September 9 with a full consensus on all developmental and geo-political issues. Leaders from the world’s top economies found common ground in spite of significantly different stances on topics such […]
Amanat Holdings partners with Mada International Holding
Amanat Holdings (Amanat), a leading healthcare and education listed investment company, has entered into a partnership with Mada International Holding, one of the leading and well-diversified Infrastructure developers in the Kingdom of Saudi Arabia. This partnership will allow both parties to collaborate on Ministry of Health Public-Private Partnership (PPP) projects in Saudi Arabia, focused on […]
Saudi SME Bank signs cooperation deal with India’s SIDBI
The Small and Medium Enterprises Bank (SME Bank) of Saudi Arabia has signed a joint cooperation agreement with the Small Industries Development Bank of India (SIDBI). SMEB acting CEO Mr. Abdulrahman bin Mohammed bin Mansour and SIDBI Deputy Managing Director Mr. Sudatta Mandal attended the signing ceremony in the Indian capital, New Delhi, on the […]