Saudi group Mofarreh and Turkey's Gülsan Holding have set up a new joint venture to bid for and deliver major transportation infrastructure projects in Riyadh. The duo will be targeting construction of roads, bridges, viaducts, interchanges and related transport infrastructure.
Leading Saudi group Almarai has been ranked as the most influential brand in the food and grocery sector in the kingdom in addition to being ranked third among the most influential Saudi brands in the Kingdom, according to a study released by Ipsos this year.
A Saudi vessel, NCC MASA, sustained minor hull damage after coming under attack while sailing in the Red Sea on Friday, reported state news agency SPA. The vessel continued its voyage after the safety of the crew and the ship was confirmed.
Steady progress is being made on the Prince Mohammed Bin Salman Stadium, an architectural and engineering marvel coming up within Qiddiya City, the mega Saudi entertainment, culture and sports project located near Riyadh. With early foundation works under way, the stadium is expected to be completed in 2029.
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.
