Talgo, a leading Spanish company in the design, manufacture, and maintenance of high-speed lightweight rail vehicles, has been awarded a contract to manufacture and maintain 20 new high-speed trains for Saudi Arabia Railways (SAR).
Talgo, a leading Spanish company specialising in the design and manufacture of high-speed lightweight trains, has secured a new order worth €1.3 billion ($1.53 billion) from the Saudi Arabia Railways for supply of 20 high-speed trains. This comes after Talgo's successful delivery of 35 trains to SAR in 2018.
Kuwait Petroleum Corporation (KPC) said it has signed a strategic agreement to explore the development of a power and steam co-generation plant in the country's Ratqa area, in a move aimed at improving efficiency across Kuwait’s oil and power sectors.
Arabian Drilling Company has appointed Fahad Abdullah Al Bani as its new CEO following the resignation of Ghassan Abdulaziz Mirdad from his post. An industry veteran, Al Bani is a seasoned upstream leader with three decades of expertise in drilling engineering and large-scale operational excellence.
Leading Saudi companies and Syrian government entities signed a series of agreements covering aviation, communications, infrastructure, and development initiatives, during an official visit of a high-level Saudi delegation from the public and private sectors to Damascus.
Saudi Arabia Railways (SAR) has achieved record-breaking operational milestones in 2025, transporting over 14 million passengers and 30 million tonnes of freight, underscoring its pivotal role in supporting the National Transport and Logistics Strategy and Saudi Vision 2030 by providing a safe, sustainable, and efficient rail network.
Saudi Arabian Refineries Company said one of its key subsidiaries, Clean Energy Company, has entered into an agreement with British renewable energy company AGR for the sale of green ammonia being produced at its plant in Jazan industrial city in the kingdom.
The 2026 sovereign credit outlook for the Middle East region is stable thanks to the continued economic and credit resilience despite elevated geopolitical tensions and lower oil prices, said a S&P report, adding that the average regional growth is set to accelerate slightly to about 3.5%.
Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new International Energy Agency (IEA) report.
Estonia will participate in the World Defense Show 2026 in Riyadh, presenting its defence sector as a trusted partner in strengthening security through digital resilience, intelligent systems and field-ready technologies designed for today’s complex operating environment.
