Parsons Corp has secured a key design and construction supervision contract from Diriyah Company for Phase II of its mega project in Riyadh. The scope of work includes the delivery of a series of neighbourhood parks and over 55km of streetscape.
EICT, a leading Saudi Arabian ICT and systems integration company, has officially launched the IO by HFCL portfolio of enterprise Wi-Fi and networking solutions in the Kingdom of Saudi Arabia.
Aleph Hospitality announced its expansion in Saudi Arabia, signing agreements for five hotels and planning six more, at the Future Hospitality Summit in Dubai . This increases its portfolio to 11 hotels with 2,354 keys.
India's top construction conglomerate Larsen & Toubro (L&T) has announced that one of its key units has secured a batch of grid infrastructure orders - worth nearly Rs50 billion ($569 million) - for construction of 380 kV substation and transmission lines in Saudi Arabia.
Saudi Arabia and Pakistan have agreed to launch an economic cooperation framework, based on the two countries' shared economic interests.
The Middle East and North Africa region continued to demonstrate healthy activity and investor interest, with 11 IPOs raising $700 million in total proceeds. The IPO pipeline remains strong, with 19 companies and funds intending to list on the region’s exchanges.
The Kingdom of Saudi Arabia's 40% budget and expenditures are now being financed by non-oil revenues, and notably, 90% of FDI in the country is non-oil, said its senior minister at the Future Investment Initiative (FII9) summit in Riyadh.
Masdar, a Abu Dhabi energy company, has been awarded two solar photovoltaic (PV) projects, with a combined capacity of 2 gigawatts (GW), under the sixth round of bidding in Saudi Arabia's National Renewable Energy Program (NREP).
AJEX Logistics has opened Saudi Arabia’s first Good Manufacturing Practices-GxP certified logistics depot in Riyadh. The 3,000 sq m facility enhances its capability to support the demand for temperature-controlled storage and distribution.
Kamco Invest, a regional non-banking financial powerhouse, has announced that its private equity team has acquired a stake in Unifonic, a leading customer engagement platform and SaaS provider in the Mena region.
