Saudi Arabia's mining exploration spending increased fivefold in four years, reaching SAR1.05 billion ($280.5 million) in 2024, up from SAR501 million ($133.5 million) in 2023, and up from SAR205 million ($55 million) in 2020, the Ministry of Industry and Mineral Resources (MIM) has announced.
Honeywell has announced the launch of a new production line of its advanced handheld mobile computers – the ScanPal EDA57 and the CT47 – at its facility in Dhahran, Saudi Arabia. The move represents another major milestone in Honeywell’s ongoing localization strategy in the kingdom.
In the first half of 2025, the Madinah Region led Saudi Arabia in hotel occupancy rates at 74.7%. An economic report revealed an average daily rate of SAR 538 ($143.45) and revenue per available room reaching SAR 402, highlighting significant growth in tourism.
Acwa Power has announced that its key affiliate - Hajar Two Electricity - has achieved a SAR10.8 billion ($2.9 billion) financial close for Qurayyah CCGT IPP Expansion Project in the Eastern Province of Saudi Arabia. Once operational, it will boast a 3,010MW capacity.
The inaugural edition of FIBO Arabia, the Mena region’s international exhibition for health, fitness, and wellness, concluded last week, welcoming 12,399 regional and international visitors to the three-day showcase, which took place at the Riyadh Front Exhibition & Conference Centre, Saudi Arabia.
Kelton, the specialist energy industry consultancy firm, has signed an exclusive agency agreement with AWJ Energy, a Saudi Arabian firm. Under this strategic partnership, AWJ Energy will act as Kelton’s in-country representative in Saudi Arabia.
Raimondi Cranes has appointed Ahmad Shakkour as its new Branch Manager for Saudi Arabia. An industry veteran, Shakkour has two decades of experience in the tower crane sector and brings extensive technical expertise to his new position.
Trina Storage, an energy storage solution and a business unit of Trinasolar, has announced the launch of its next-generation 6.25 megawatt-hour (MWh) energy storage platform in Saudi Arabia.
Minister of Saudi Arabia Tourism Ahmed Al-Khateeb has approved new policies and regulations for registering workers and localising activities in licensed tourism facilities across the Kingdom.
Bahri, Saudi Arabia’s Kingdom’s leading shipping and logistics provider, has announced the renewal of its long-term contract of affreightment (COA) with S-Oil Corporation, one of South Korea’s largest refiners headquartered in Seoul.
