Red Sea Global secures $533mn loan from Riyadh Bank for Four Seasons Resort
Red Sea Global (RSG), the developer behind the regenerative tourism destinations The Red Sea and Amaala, has signed a $533 million financing agreement with Riyad Bank. The financing supports RSG’s Joint Venture (JV) with Kingdom Holding Company (KHC), a prominent global investment company headquartered in Saudi Arabia, for the development of the highly anticipated Four […]
Top energy event IPTC opens in Dhahran; 20,000 to attend
Exclusively hosted by Aramco, the 16th edition of International Petroleum Technology Conference (IPTC), opened at the at the Dhahran Expo today (Feb 12) with a focus on sustainable energy supply. The event, anticipating the presence of over 20,000 industry leaders, professionals, influencers and key players within the oil and gas domain, is being held under the […]
Major Saudi developers to take part in MIPIM in Cannes
Invest Saudi will bring together representatives from some of Saudi Arabia’s biggest projects to showcase the kingdom’s investment opportunities at MIPIM in Cannes, France from March 12 to 15. MIPIM is the world’s leading real estate market event and gathers the most influential players from all sectors of the international property industry. Overseen by Saudi […]
Kanoo Energy to showcase latest technologies, capabilities at IPTC
Kanoo Energy, a division of Kanoo Industrial & Energy and a leading force in engineered solutions for the energy industry, is gearing up for its third consecutive appearance at the International Petroleum Technology Conference (IPTC 2024). A major player in the region, Kanoo Energy said it believes in contributing to the event by highlighting the […]
Nadrah in $266m deal with defence firm MIL to set up Saudi factory
Saudi-based Nadrah Trading Company, a subsidiary of Al Nasiriah Holding Group, has signed an agreement valued at over SAR1 billion ($266 million) with Munitions India Limited (MIL), a company owned by the Indian Ministry of Defence, for enhancing cooperation and promoting the exchange of expertise between the two sides within the kingdom. As per the […]
Saudi non-oil export to Africa tops $34bn in last 5 years
Amid global economic growth and expanding international co-operation, the Kingdom of Saudi Arabia is emerging as a major player in the global trade arena, with its economic status rising to new heights. In this renewed context, the African market is an important destination for Saudi non-oil exports, as economic opportunities are evident and promising trade […]
Saudi Space Agency strikes MoU with LeoLabs
The Saudi Space Agency (SSA) has signed a memorandum of understanding (MoU) with LeoLabs to build a cooperative relationship in the field of space surveillance. Further, the MoU intends to exchange relevant expertise and knowledge and explore future cooperation opportunities. The deal was signed on the sidelines of the Space Debris Conference held in Riyadh. […]
Saudi Defense Ministry inks 19 deals with local and global firms
The Saudi Ministry of Defense revealed on Tuesday the signing of 17 contracts and two memoranda of understanding (MoUs) with a mix of local and international companies. The significant announcement was made during the ongoing World Defense Show 2024 in Riyadh. The objective behind these contracts is to elevate the readiness of the Armed Forces, […]
Array, ALUPCO® announce strategic Mideast partnership
Array Technologies (Array), a global leader in utility-scale solar tracking solutions, has signed its intent for a strategic partnership with Aluminum Products Company (ALUPCO®), a leading aluminum extrusion company in the Middle East and North African region (MENA). This partnership brings together expertise, reliability, innovation, and a local prominence, well-situated to help advance the future […]
Local content rate surges to 43% in Saudi Arabia , with a 20% jump in spending
Saudi Arabia has clearly communicated to the United States that it will not establish diplomatic relations with Israel without substantial progress on the Palestinian issue. The Kingdom is demanding the recognition of an independent Palestinian state within the 1967 borders and with East Jerusalem as its capital. Additionally, it has called for an end to […]