Elsewedy Electric, a leading provider of energy and infrastructure solutions in EMEA region, said the group continues its efforts to empower Saudi women and actively engage them in the workplace. Its Saudi female employees currently represent 6.5% of the group’s total workforce in the kingdom.
Leading Saudi developer Rikaz said its consortium comprising Aljada First Development and AlMajdiah Real Estate has been awarded a key contract to develop East Hindawiyah, a SAR2 billion ($533 million) mixed-use project coming up near the Grand Mosque in Makkah.
The Royal Commission for AlUla (RCU) has approved the design of AlUla Manara, an astronomical discovery and astro-tourism hub coming up in the ancient Saudi city. The facility will feature an observatory, a world-class research centre, advanced telescopes and observation platforms for stargazing.
Dar Global, the London-listed developer, has awarded the design-and-build contract for its Rayana community at Wadi Safar located within the mega Saudi development Diriyah. The scope of work includes delivery of primary infrastructure including the earthworks, roads and utility networks.
NHC Innovation, a leading Saudi provider of integrated digital services, has signed partnership deals with leading Chinese companies Huawei, Lenovo and ByteDance at a key event in Shenzhen. The agreements span AI, hitech data centres, knowledge transfer and smart city solutions.
Saudi-based Shalfa Facilities Management has announced that it has secured a key contract from Tatweer Buildings Company to provide FM services at its school buildings in the kingdom's Qassim Region. The scope of work includes cleaning, maintenance and gatekeeper services.
Saudi Holy Capital Municipality and National Center for Privatisation & PPP have launched the tender process for a key project on Prince Sultan bin Abdulaziz Road in Makkah. The scope of work includes development of 166,488-sq-m land on Al Hada Road under a build-own-operate-transfer (BOOT) model.
TKE Alat, a joint venture between TK Elevator (formerly known as ThyssenKrupp Elevator), and Alat, a Saudi Arabian manufacturing company, have announced the groundbreaking of its planned elevator and escalator manufacturing and multi-purpose facility at Dammam's Third Industrial City.
Saudi developer Rikaz said it has joined First Avenue Real Estate Development Company, AlMajdiah and SNB Capital for the establishment of a new investment fund that is focused on the kingdom's education sector. This initiative represents a strategic step in Rikaz’s growth journey, expanding its investments into a vital sector directly linked to human capital development and improving quality of life.
Ladun Investment Company has secured SAR2.39 billion ($637 million) contracts to carry out infrastructure development work at Al Qirawan and Al Narjis districts as well as the Namar real estate development - in the Saudi capital. They will be executed in consortium with Al Ayuni Investment and Contracting.
