Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, announced the promotion of Shoji Takeuchi to Manager Sales - Asia Pacific, as part of its ongoing efforts to strengthen its presence in high‑growth markets.
Ports overseen by the Saudi Ports Authority (Mawani) recorded a 20.89% year-on-year increase in container throughput in February 2026, reaching 667,882 twenty-foot equivalent units (TEUs), compared with 552,484 TEUs in February 2025. Transshipment containers rose 28.09% to 155,325 TEUs, up from 121,265 TEUs a year earlier.
The Savola Group, a leading strategic investment holding group in the regional food and retail sectors, has announced solid results for FY 2025 with a 13% jump in its revenue which soared to SAR26.1 billion ($7 billion) mainly driven by growth in its retail, food processing and frozen foods segments.
Saudi-based Najran Cement has awarded a key contract to Sinoma International Engineering for the implementation of an electric grid connection project at Sultanah in the Madinah province under the Liquid Fuel Displacement Program. The entire work will be completed within a eight-month period.
Elsewedy Electric for Power Transmission & Distribution has announced the successful completion and handover of the 386MWp El Saad Project, its first utility-scale solar PV plant in Riyadh. The landmark project has now officially entered its operations and maintenance phase.
Cement sales volumes across the Kingdom of Saudi Arabia fell in February on both an annual (10.5% decline) and monthly basis (16.3%) to 4.28 metric tonnes, thus reflecting softer demand mainly due to Ramadan season. The clinker inventory too fell by 0.3% m-o-m to 42.7MT.
Following the ongoing regional tension, leading industry event - Middle East Energy Dubai 2026 - which was scheduled to be held next month - has been postponed to September. The region’s leading platform for the energy sector, is hosting its 50th edition this year.
Oman's Public Establishment for Industrial Estates (Madayn) has announced that two new industrial projects will come up within Ibri Industrial City over a combined area of 60,000 sq m. With this addition, the total leased area in the industrial zone has now risen to around 250,000 sq m.
The Saudi Ports Authority (Mawani) has announced the addition of two new shipping services - Maersk’s new AE19 and Hapag-Lloyd’s SE4 - to the Jeddah port. This service, utilising vessels capable of carrying upto 17,000 TEUs, links the major Saudi port to primary Asian hubs such as China, Korea and Malaysia.
The US will provide reinsurance covering up to $20 billion in potential losses in the Gulf region to bolster confidence among oil and gas shippers during the conflict with Iran, reported Reuters citing the US International Development Finance Corporation.
