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.
Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme.
Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies.
Saudi-based Manazel Al Naqaa has signed an agreement with Marriott International to rebrand Shirvan Hotel City Yard Jeddah as an Autograph Collection Hotel. The property will undergo visual identity development and selected enhancement works ahead of its opening in December.
Mitsubishi Power, a power solutions brand of leading industrial group Mitsubishi Heavy Industries (MHI), has announced that it has secured a contract to supply key boiler components for the conversion of heavy oil-fired boilers into dual-fuel boilers at the Jeddah South Power Plant and Shuqaiq Power Plant in Saudi Arabia.
King Saud bin Abdulaziz Airport in Al Baha Region of Saudi Arabia, one of the airports operated by Cluster2 Airports, has handled nearly 700,000 domestic passengers since the start of 2025, underscoring growing demand for regional air travel.
Star, a human capability development company headquartered in Riyadh, has announced a strategic partnership with global hospitality group Hilton, to develop and qualify Saudi cadres across all levels of the hospitality sector - from frontline professionals to executives and leaders.
