Business & Money | Tuesday 17 December, 2024 10:14 am

KAEC investments at SAR 20B, set to rise in coming years: Official

Investments in King Abdullah Economic City (KAEC) currently stand at SAR 20 billion and are set to rise to SAR 25 billion in the next two years, said Majed Matbouli, Head of Industrial Valley & Special Economic Zone, KAEC. The figure is expected to increase in the coming years with the...

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Business & Money | Tuesday 17 December, 2024 10:03 am

Retal signs SAR 349M contract with subsidiary to build 502 residential units

Retal Urban Development Co. signed a 30-month contract with its subsidiary, Building Construction Co. (BCC), to build 502 residential units in Al-Fursan district, Riyadh. The contract, with no preferential terms, is valued at SAR 349 million, excluding taxes, if any, the company ...

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Business & Money | Monday 16 December, 2024 10:30 am

LyondellBasell to Open Regional Corporate Office in Saudi Arabia at KAFD

LyondellBasell (LYB), a global leader in the chemical industry and one of the world’s largest producers of polymers and a leader in polyolefin technologies, has announced the establishment of its regional corporate office at the King Abdullah Financial District (KAFD), the prime business and...

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Business & Money | Monday 16 December, 2024 10:26 am

New Murabba Concludes Its Social Responsibility Activities for 2024

 New Murabba, a PIF company, has successfully concluded its social responsibility activities for 2024. These initiatives commenced with a health campaign designed to encourage a healthy work environment for  New Murabba’s and the partners’ employees. This effort was executed in...

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Business & Money | Monday 16 December, 2024 10:24 am

Mobily Wins Four Awards at the Middle East Investor Relations Association (MEIRA) Annual Conference and Awards

Etihad Etisalat (Mobily), Saudi Arabia’s leading telecommunications, media, and technology (TMT) company, announced its remarkable achievements at the Middle East Investor Relations Association (MEIRA) Annual Conference and Awards. Mobily secured first place in the Middle East for the Best...

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Business & Money | Sunday 15 December, 2024 10:13 am

Parsons wins $53M contract for roads project in Riyadh

US-based Parsons Corp. won a $53 million, three-year contract from the Royal Commission for Riyadh City (RCRC) in Saudi Arabia for program management office (PMO) services on its main and ring roads program. Under the contract, the NYSE-listed global infrastructure engineering consultancy ...

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Business & Money | Sunday 15 December, 2024 10:06 am

Saudi Arabia to Host Forbes Middle East Women’s Summit 2024 Celebrating Inspiring Female Leaders

The second edition of Forbes Middle East’s Women's Summit will take place on December 18-19, 2024, in Riyadh, highlighting the achievements of women. This event will bring together prominent leaders and influential figures from across the region and the world, celebrating success across diverse...

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Business & Money | Sunday 15 December, 2024 9:31 am

New Murabba Signs MoU with National Center for Vegetation Cover Development and Combating Desertification, Pioneering Sustainable Urban Development

New Murabba signed a Memorandum of Understanding (MoU) with the National Center for Vegetation Cover Development and Combating Desertification (NCVC) in a landmark agreement for sustainable urban development. This strategic partnership underscores New Murabba's unwavering commitment to...

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Business & Money | Friday 13 December, 2024 8:56 am

Saudi Electricity Company Signs a Landmark $3.6 Billion International Financing Agreement

The Saudi Electricity Company (SEC) announced today, the signing of a $3.6 billion international syndicated financing agreement (equivalent to 13.5 billion SAR) with leading global and regional banks. The participating financial institutions include Industrial and Commercial Bank of China (ICBC),...

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Business & Money | Friday 13 December, 2024 8:26 am

Saudi Cable inks 2 contracts worth SAR 64.8M in Bahrain

Saudi Cable Co.’s branch in the Kingdom of Bahrain signed yesterday, Dec. 11, contracts for two projects at a total value of SAR 64.75 million.   In two separate statements to Tadawul, the company said the two contracts include turnkey projects, for the extension, installation and...

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