Abunayyan Holding, a major player in the Saudi utility sector, has joined hands with NEXTracker, a leading provider of intelligent solar tracker solutions, to set up a new venture, Nextracker Arabia, aimed at accelerating energy transition in the Mena region.
Merak Capital, a Saudi-based investment firm focused on opportunities across multiple industries, has announced a SAR100 million ($26.7 million) strategic investment in Arsann, the kingdom’s leading operator of smart parking and mobility infrastructure.
The Saudi Tourism Authority (STA) concluded its promotional tour across Oman, Qatar, Bahrain, and the UAE. The tour was executed in cooperation with a select group of partners from the Saudi tourism private sector.
Global law firm Reed Smith has announced that it has opened its office in Riyadh from where it will kick off its Saudi operations. The new office builds on its long-standing presence in the Middle East, having opened its Abu Dhabi office in 1978.
The Saudi Arabia Ministry of Tourism inaugurated its new offices in Makkah and Madinah regions as part of its strategic initiative to enhance the efficiency of services within the tourism sector.
Aramco Digital, the technology subsidiary of Saudi oil giant Aramco, is set to launch the kingdom’s national industrial communications network operating in the 450 MHz band. It will support sectors that need continuous operations and dependable communications for critical assets and facilities.
Cement sales volumes across the Kingdom of Saudi Arabia fell in December on both an annual and monthly basis, reflecting softer demand at year-end, although full-year volumes still posted strong growth driven by gains from leading producers, said a report.
EDF International Regional Headquarters (EDF RHQ) has announced a strategic agreement with droppRWA, a technology leader at the forefront of the Real-World Asset, that will see the duo explore pioneering blockchain-based solutions for the energy sector in the Kingdom of Saudi Arabia.
Seequent, the Bentley Subsurface Company, has announced that it is partnering with some of the leading universities and research institutions across the Kingdom of Saudi Arabia to launch qualified degree courses to help boost students' geotechnical modelling skills.
Linxon, a global engineering, procurement, and construction company, has completed the work on the Taibah 380 kV Bulk Supply Point (BSP) substation and handed it over to the Saudi Electricity Company (SEC), marking a significant milestone in boosting Madinah’s power grid capacity.
