Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR485 million ($129 million) for the supply of steel pipes to Saudi Water Authority within the next six months.
EV LAB, the region’s first omni-channel multi-brand EV store, has announced a strategic investment in Pure Electric, a global specialist in electric micromobility founded by British entrepreneur Adam Norris. With this move, it has become the brand’s exclusive partner in the Middle East.
ExxonMobil, Aramco and Samref have signed a Venture Framework Agreement (VFA) to evaluate a significant upgrade of the Samref refinery in Yanbu, and an expansion of the facility into an integrated petrochemical complex.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, said it has signed a two-year agreement with Gulf Aluminium Rolling Mill Company (GARMCO) to help boost the technical capabilities of its Bahraini employees.
Leading global players including Germany's Siemens Energy and Japanese groups - Hitachi Energy, Toshiba Power Systems and Mitsubishi - have been awarded key operation and maintenance contracts related to 132/300/400 kV substations in Kuwait.
Investcorp Capital, an investor in private markets and a capital financing services provider in the alternative investments space, has acquired Guardian Fire Services, a leading fire and life safety services company operating in the US, thus capping $1.1 billion of new investments in six months.
The Saudi Ports Authority (Mawani) has signed an agreement with Arabian Agricultural Services Company (Arasco) to establish a new logistics facility for storage and distribution on a 40,000 sq m area at the King Abdulaziz Port in Dammam.
The global automotive aftermarket community will converge in Dubai tomorrow (Dec 9) for Automechanika Dubai 2025, the largest and most internationally diverse edition in the event’s 22-year history.
Saudi Arabia’s real GDP grew by 4.8% in the third quarter compared to last year, reported SPA citing official data. All economic activities recorded y-o-y growth with oil activities surging by 8.3%, non-oil activities by 4.3% and government activities by 1.4%.
DP World has signed a landmark agreement with the Government of Afghanistan to develop and operate the country’s most important land border facilities at Torkham and Hairatan.
