19 Ramadan 1445 - 29 March 2024
    
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Eye of Riyadh

Cabinet: State bears customs duties on agricultural inputs for 2 years
Government | Wednesday 7 February, 2024 9:15 am
The Cabinet, chaired by King Salman, approved today, Feb. 6, that the state bears customs duties on specific types of agricultural production inputs for two years as per certain rules.  The Cabinet also approved amending Cabinet Resolution No. 198 dated Jan. 9, 2018, on the mechanism for...
PIF Private Sector Forum continues to increase Saudi private sector’s role in PIF contracts
Business & Money | Tuesday 6 February, 2024 1:59 pm
The 2024 PIF Private Sector Forum began on Tuesday at the King Abdulaziz International Convention Center in Riyadh, organized by the Public Investment Fund (PIF) to run through February 6-7, 2024, with the aim to strengthen partnership and showcase opportunities for local cooperation in strategic...
NEOM Opens New York Office As Base For Business Across The United States
Business & Money | Tuesday 6 February, 2024 11:15 am
NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first U.S. office in New York City, one of the world’s foremost financial centers, which will serve as a base for NEOM’s business across the United States. NEOM’s latest international office at...
Investment Ministry, GAMI ink 11 new deals with private sectors
Business & Money | Tuesday 6 February, 2024 10:16 am
The Ministry of Investment and the General Authority for Military Industries (GAMI) signed 11 new partnerships with the private sector. The partnerships are geared towards boosting investments and fostering technology transfer and development within the defense and military industries sectors, ...
PIF's JCDC signs SAR 12B contracts for three major architectural landmarks
Business & Money | Tuesday 6 February, 2024 10:06 am
Jeddah Central Development Co. (JCDC), a wholly owned subsidiary of the Public Investment Fund (PIF), signed four contracts worth SAR 12 billion for three major architectural landmarks.   The projects include the sports stadium, opera house, oceanic basins, in addition to the...
Saudi Arabia's private sector workers hit 11M in January
Business & Money | Tuesday 6 February, 2024 10:04 am
The number of workers in the Saudi private sector reached a record number of 11.05 million by end of January 2024, according to the National Labor Observatory.   The total number of nationals working in the private-sector entities amounted to 2.33 million by the end of January, of...
Steel Pipe signs SAR 138.6M contract with Aramco
Business & Money | Tuesday 6 February, 2024 10:04 am
Saudi Steel Pipe Co. (SSP) signed today, Feb. 6, a contract to supply oil and gas steel pipes to Saudi Aramco, with an estimated value of SAR 138.6 million.   The contract is valid for 12 months, the pipe manufacturer said in a statement to Tadawul, noting that there are no related...
Several global hospital under-construction in Saudi Arabia: Minister
Healthcare | Tuesday 6 February, 2024 9:59 am
A number of international-standard hospitals are under-construction in Jeddah and Riyadh, with substantial investments—either direct or through partnerships, Fahd Al-Jalajel, Minister of Health, told Al Ekhbariya TV.   Some of these hospitals will be inaugurated over the coming...
Alkhorayef Water wins SAR 82.1M contract from SWCC
Business & Money | Monday 5 February, 2024 9:56 am
Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on Feb. 4 a SAR 82.1 million contract for operating and maintaining the first water treatment plant in Buraydah and the fourth water treatment plant in Riyadh Al Khabra by Saline Water Conversion Corporation (SWCC).   In...
Arabian Pipes signs SAR 108M contract with Saudi Aramco
Business & Money | Monday 5 February, 2024 9:53 am
Arabian Pipes Co. signed on Feb. 4 a contract worth nearly SAR 108 million to supply steel pipes to Saudi Aramco, the company said in a statement to Tadawul.   The contract is valid for 11 months, Arabian Pipes added.   The relevant financial impact will appear on Q3...
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