Global engineering and professional services firm WSP has secured the design contract for the development of King Fahd International Airport in Dammam. The project scope includes expansion of passenger terminals, upgrading of facilities and improving airport entrances and access roads.
Saudi-based SAL Logistics Services has signed an agreement with Huawei Tech Investment in a move aimed at boosting collaboration across transportation, logistics, and digital transformation, while exploring opportunities to develop joint solutions and services in the kingdom.
The fourth edition of the Jeddah International Building Exhibition (Jibex) opens this week drawing more than 300 exhibitors from local and international companies representing investment, commercial, and industrial sectors.
Ceer, a joint venture between Saudi Arabia’s sovereign wealth fund PIF and global electronics giant Foxconn and the kingdom’s first automotive company, has announced the world premiere of its first vehicles - an electric sedan and SUV -on September 21.
Chinese group Harbin Electric International is delivering the Rumah-2 Combined-Cycle Power Plant in Saudi Arabia as part of the kingdom's efforts to advance its energy transition under Vision 2030. The company recently hoisted the Gas Turbine Unit 1 into position, thus kicking off the project's installation work.
Saudi Arabian Mining Company (Maaden) has reported solid results for the second quarter with its net profit surging 13% to SAR2.18 billion ($580 million) and its revenue hitting SAR10.9 billion ($2.87 billion), helped by higher commodity prices and increased gold sales volumes.
Spanish water company Aqualia has secured a three-year contract renewal from National Shipping Company of Saudi Arabia (Bahri) for the operation and maintenance of three floating desalination plants in Yanbu with a combined capacity of 150,000 cu m of drinking water per day.
Saudi construction sector expanded for a third consecutive month in July, driven by stronger infrastructure and residential activity as new orders rose at the fastest pace in five months, according to the latest Saudi Construction Index compiled by leading financial services provider Alrajhi Capital.
Saudi Arabia has announced the opening of the 246-km Rafha-Hail Road, thus expanding the kingdom's transport network with a new route linking Rafha to Hail through the Hail-Baqaa Road. The road represents a vital artery within the kingdom's interregional road connectivity network.
Saudi utility giant Acwa Power has reported mixed first-half results, with its revenue soaring to SAR4 billion ($1.2 billion) mainly driven by higher energy sales and increased O&M services earnings, while its net profit for the six-month period fell 28% to SAR653.2 million ($174.2 million).
