East Pipes Integrated Company for Industry has announced that it had signed agreements with selected suppliers such as Saudi Liebherr and US-based Vaccuworx, a leading provider of vacuum lifting equipment for a number of industries, to acquire strategic material handling assets.
King Abdulaziz Center for World Culture (Ithra), an initiative of Saudi oil giant Aramco, has obtained platinum certification for the Leadership in Energy and Environmental Design (LEED) in the Operations and Maintenance category from the US Green Building Council (USGBC).
Saudi chemicals giant Sabic has signed an agreement with electric vehicle maker Ceer to explore the use of advanced materials in the design and manufacture of EV units in the kingdom.
Saudi-based Alkhorayef Water and Power Technologies Company has signed an agreement with Royal Commission for Riyadh City (RCRC) for the provision of comprehensive operation and maintenance of treated sewage effluent (TSE) network and it facilities in the Saudi capital.
Knowledge Economic City (KEC) has signed an agreement with Saudi group Alrashid Properties to develop a premium mixed-use project - the Multaqa Residences - in Madinah on a 149,520 sq m area. The SAR1.35 billion ($359 million) project will boast branded residences as well as retail and hospitality assets.
Saudi-based Retal Urban Development Company has announced that it had signed conditional agreements with Roshn, a leading multi-asset class developer powered by PIF, for the development of 163 residential units within its AlManar community in Makkah city.
Leading Saudi real estate company Al Tahaluf has announced that it has been rebranded as HOV Global CJSC following an increase in majority ownership by K. Hovnanian ME Investments, a subsidiary of Hovnanian Enterprises, one of the largest homebuilders in the US.
Italian construction giant Webuild has announced that operations have begun at a new water treatment facility built by one of its subsidiaries for oil giant Aramco’s offshore Zuluf oilfield in eastern Saudi Arabia. At full capacity, the new plant will be able to treat 185,000 cu m of water per day.
Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support.
Saudi-based Al Yamamah Steel Industries Company has announced that its reinforcing steel bars unit has awarded a major contract to Italian engineering and manufacturing corporation Danieli for setting up a steel billet production plant within its premises in the kingdom by 2029.
