Saudi Ports gain 17.57% in Q1 container volumes
Quarterly container statistics further show a 16.08% spike in exported TEUs, attaining a total of 559,829 against the last year’s Q1 volume of 513,273 TEUs The Saudi Ports Authority (Mawani) has reported a 17.57% increase in container processing at its trade hubs during the first quarter of 2023, scoring a throughput of 2,011,162 TEUs compared […]
IsDB Group to bring together ministers from 57 member countries
The Islamic Development Bank (IsDB) Group is set to host its 2023 IsDB Group Annual Meetings in Jeddah from May 10 to 13 bringing together a large spectrum of stakeholders, including ministers from the 57 member countries. Held under the patronage of The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, […]
Diriyah in deal to develop premier Saudi tourism destinations
Saudi-based Diriyah Company (formerly Diriyah Gate Development Authority) has teamed up with pioneering luxury lifestyle brand Aman Group for the development of two premier tourism destinations in the kingdom. Located in the exotic desert landscape near the city of Riyadh, Aman Wadi Safar will feature 78 hotel rooms as well as a collection of up […]
Saudi’s Diriyah giga project announces two new hospitality projects
Saudi Arabia’s master developer Diriyah Company and Swiss-headquartered Aman Group announced the launch of two new hospitality projects in Diriyah, a cultural and heritage destination. Located near Riyadh, Aman Wadi Safar will feature 78 keys and 34 fully-serviced Aman-branded residences. Malaysia’s Denniston Architects have designed the resort. The two companies also announced the launch of the 120-room Janu Diriyah, […]
Eden brings sustainable reservoir stimulation technology to the Middle East
US-based geotechnical firm Eden GeoPower (Eden) has secured multiple contracts for its innovative Electrical Reservoir Stimulation technology in Saudi Arabia and Oman, company President and Co-founder Ammar Alali told Zawya Projects. “Since January, we have been helping with geothermal resource assessment for a well-known major client in Saudi Arabia (name withheld) who have ambitious plans […]
Saudi Arabia, UAE inform IMF of funding to Pakistan
Saudi Arabia and the UAE have intimated to the International Monetary Fund (IMF) on financing to Pakistan, the South Asian country’s Finance Minister Ishaq Dar told ARY News channel. Saudi Arabia and the UAE have confirmed the provision of $2 billion and $1 billion, respectively, to Pakistan, he told the news channel on Monday. Dar […]
Alkhorayef Water wins $432mln project contract
Alkhorayef Water and Power Technologies Company was awarded a long-term operation and maintenance deal valued at SAR 1.62 billion with the National Water Company (NWC) on 17 April. Alkhorayef Water will handle the design, rehabilitation, full operation, and maintenance works of the existing three sewage treatment plants (STPs) in Riyadh. The STPs are Manfouha […]
Saudi’s Haramain high-speed railway transported more than 818,000 passengers during Ramadan
Saudi Arabia Railways (SAR) has announced the successful implementation of its operational plan for Ramadan in 1444 AH. The number of passengers who used the Haramain High-Speed Railway during this period reached over 818,000, indicating a 265% increase compared to the same period last year. Moreover, SAR operated over 2,540 trips, with the number […]
Retal pens over $111.46mln contract with National Housing
Retal Urban Development Company and National Housing Company inked a development agreement worth SAR 418.31 million on 18 April, according to a bourse disclosure. Under the 42-month deal, the two companies will team up to establish residential villas on a total area of 98,098 square metres within the master plan of the East Albuhirat […]
Alkhaleej Training shifts to profits in 2022 results
Alkhaleej Training and Education Company turned profitable at SAR 224,214 in 2022, against net losses after Zakat and tax of SAR 33.34 million in 2021. The Saudi firm generated SAR 880.89 million in revenue as of 31 December 2022, up 4.34% year-on-year (YoY) from SAR 844.21 million, according to the annual income statements. Earnings […]