Business & Money | Saturday 2 March, 2024 1:19 am

Saudi Arabia to build food industrial clusters in Jazan, use Made in Saudi label on Lucid cars

Saudi Arabia will build food industrial clusters in Jazan, mining industrial clusters in Ras Al-Khair, automotive industrial clusters in Jeddah, and chemicals clusters in Yanbu, Al-Eqtisadiah newspaper reported, citing Bandar Alkhorayef, Minister of Industry and Mineral...

More Details

Business & Money | Saturday 2 March, 2024 1:17 am

Aramco completes acquisition of Esmax

Saudi Aramco successfully completed the acquisition of a 100% equity stake in Esmax Distribución SpA (Esmax), a leading diversified downstream fuels and lubricants retailer in Chile.   Esmax has a national presence that includes retail fuel stations, airport operations, fuel...

More Details

Business & Money | Friday 1 March, 2024 6:50 am

Eastern Cement inks $270.53M contract to build new production line

Eastern Province Cement Co. signed today, Feb. 29, a 26-month contract with China's Sinoma CDI to establish a new production line in the company’s plant in Khursaniyah at a value of SAR 270.53 million, the company said in a statement to Tadawul. The new production line will operate with a...

More Details

Business & Money | Friday 1 March, 2024 12:01 am

Bahri Wins Guinness World Record for Largest Mobile Desalination Plant

Bahri Desalination, a specialized business unit of the National Shipping Company of Saudi Arabia (Bahri), the global shipping and logistics leader, has established a new milestone in seawater desalination production, reinforcing its position as the industry pioneer with the largest...

More Details

Business & Money | Thursday 29 February, 2024 1:21 pm

A record year for ACWA Power backed by strong results for the full year ended 31 Dec 2023

Saudi-listed ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, todayannounced a record net profit of SAR 1,662 million in its financial results for the full year ended 31 Dec 2023.  Supported by...

More Details

Business & Money | Thursday 29 February, 2024 8:39 am

Thakher Makkah project to cost above SAR 26B: CEO

Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Co., said that the total value of the company's Thakher Makkah project may exceed SAR 26 billion, pointing out that the project, which spans over a total area of 320,000 square meters, is one of the most important private sector projects in...

More Details

Business & Money | Tuesday 27 February, 2024 9:33 am

Jeddah Historic District Program and Al Balad Development Company Sign Agreement to Operate Heritage Hotels

Jeddah Historic District Program, under the patronage of the Saudi Ministry of Culture, has signed an agreement with Al Balad Development Company, a PIF Company, to operate heritage hotels in the Jeddah Historic District. The move aims to develop the tourism sector in the area, enhance the level of ...

More Details

Beauty & Style | Tuesday 27 February, 2024 8:47 am

“Jazeera Paints” Golden Sponsor at the Flower and Garden Festival in Yanbu Industrial City

“Jazeera Paints”, the leading company in the industry of paints, colors, and construction solutions, is the Golden Sponsor of  Yanbu Flower and Garden Festival 2024, launched by the Royal Commission for Jubail & Yanbu in Yanbu Industrial City on 15 February until 9 March, adding a ...

More Details

Business & Money | Monday 26 February, 2024 3:51 pm

Big 5 Construct Saudi marks its grand opening today: Top 10 unmissable features

Today marks the grand opening of the 12th edition of Big 5 Construct Saudi, the largest construction event in the Kingdom, running till 29 February 2024 at the Riyadh Front Exhibition & Conference Centre. With anticipation at its peak, more than 55,000 attendees are gearing up to explore a...

More Details

Business & Money | Monday 26 February, 2024 11:03 am

Al Akaria signs deal to develop Sidrat AlUla project

Saudi Real Estate Co. (Al Akaria) signed on Feb. 25, a 5-year contract with the Royal Commission for AlUla and AlUla Development Co., to develop the Sidrat AlUla project in AlUla Governorate, the company said in a statement to Tadawul.   The 260,230-square-meter (sqm) project...

More Details