Saudi Arabia’s The Capital Market Authority (CMA) has sought public feedback on the draft controls governing the real estate ownership by listed companies, investment funds and special purpose entities (SPEs) in the kingdom including the cities of Makkah and Madinah.
Alfanar Engineering Services has signed a land lease agreement with the Royal Commission for Jubail and Yanbu to set up a large-scale specialised facility in Yanbu Industrial City, dedicated to the manufacturing and maintenance of electric motors.
Saudi-based Alramz Real Estate has announced that it has signed an agreement to establish a SAR2.5 billion ($666 million) shariah-compliant real estate investment fund to develop its residential project - Rabwa Alramz - in Riyadh, with SNB Capital acting as the fund manager.
Saudi-based Merak Capital said it has completed a strategic investment in leading cybersecurity company DSShield. The investment comes as organisations across the kingdom accelerate digital adoption, cloud migration, and industrial automation.
Abdul Latif Jameel Motors signed an MoU with France’s EODev and UAE’s Octopian to promote hydrogen-powered generator solutions in Saudi Arabia, supporting zero-emission energy. The partners will collaborate on introducing, demonstrating, and localizing EODev’s hydrogen power technologies in the Kingdom for a sustainable energy transition.
The Saudi transport and logistics sector has secured investment contracts worth more than SAR280 billion ($74.6 billion) from both global and local private-sector partners, thanks to the structural reforms and the backing of the wise leadership, said a report.
Saudi Ministry of Sports has invited bids from top contractors to carry out construction works for the King Salman Stadium project in Riyadh. One of the world's largest sports venues, it will boast a seating capacity of over 92,000 along with key amenities.
RMJM, one of the leading culturally diverse architecture firms in the world, has unveiled the design for a new mixed-use development coming up in Al Qairawan, Riyadh. The architecture adopts a facade-driven approach informed by Salmani design principles.
Leading Saudi industrial group Bawan Company said one of its key subsidiaries - Petronash Arabia - has received a purchase order for an existing contract with Saudi Aramco to supply modular wellsite packages for their gas wells.
Leading Indian wastewater treatment specialist VA Tech Wabag has emerged as the preferred EPC partner for the Hadda ISTP project in Saudi Arabia. Wabag is part of the winning developer consortium comprising Metito Utilities, Etihad Water and Electricity and SkyBridge.
