Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR771 million ($203.3 million) from Saudi energy giant Aramco for the manufacture and supply of steel pipes for key projects in the kingdom.
Saudi developer Roshn has joined hands with Talaat Moustafa Group to set up a new venture that will be responsible for the development of a mixed-use community in Riyadh featuring more than 55,000 residential units along with key retail, hospitality, leisure and healthcare facilities.
Saudi builder Safari Construction has secured the main contract for the expansion of Hail International Airport. The scope of work includes rehabilitation of the existing terminal, construction of new airport facilities as well as development of associated infrastructure.
Oil prices fell about 1% on Friday, extending losses for a third consecutive session, even as Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes and a tanker was hit in the Strait of Hormuz, with markets focusing instead on efforts to restore Saudi oil flows and alternative routes for Gulf exports.
Central banks in the UAE, Saudi Arabia and Bahrain raised their key interest rates by 25 basis points on Wednesday, following the US Federal Reserve's decision to increase its benchmark rate for the first time since 2023 amid renewed inflationary pressures.
BRKZ, a leading Saudi-based technology-enabled building materials procurement platform, has announced that it has secured $31 million in new capital to fuel its next phase of growth, including advancing its AI-powered pricing and fulfillment engine and rolling out embedded financing solutions for its network of contractors and suppliers.
Oil prices held around $108 a barrel on Wednesday, near a four-month high, as markets grappled with mounting concerns over global energy supplies following the shutdown of Saudi Arabia's East-West oil pipeline and continuing attacks on key oil and shipping routes in the Middle East.
Saudi authorities have announced the signing of a key investment contract with Unigaz Arabia for the development of an integrated gas storage, filling and distribution plant coming up on a 200,000-sq-m site in the kingdom's Hail region, said a report.
Saudi Real Estate Company (Al Akaria), has awarded SAR479 million ($126 million) contracts to Mounes Mohamed Alshayeb and Partners for Civil Construction (MOBCO) and Saudi Arabian Parsons to carry out the structural and project management work for the first package of its Porta Jeddah mixed-use development.
Index Saudi Arabia, the country's leading trade show for interiors, furniture and fit-out, kicks off today in Riyadh bringing together some of the top global architects, interior designers and design academics for the 2026 edition, who will explore the kingdom’s evolving design and fit-out landscape.
