Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.
Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has awarded a design and build contract worth SAR1.3 billion ($342 million) to Lynx Contracting Company for the development of its premium mixed-use boulevard project in the Eastern Province of Al Khobar.
Saudi-based SAL Logistics Services, a leader in cargo handling, logistics solutions, and supply chain management, has signed an agreement with Singapore Airlines to provide integrated solutions covering ground handling and air cargo services at King Khalid International Airport in Riyadh.
US Secretary of State Marco Rubio will meet with Bahrain officials on Thursday on the final leg of a trip to the Middle East where he has sought to sell the Trump administration's preliminary Iran accord to skeptical Gulf Arab allies.
Lenovo has signed an agreement with Saudi National Housing Company Innovation for potential collaboration backing the kingdom’s evolving residential and digital infrastructure landscape. The deal sets out a foundation to boost co-operation across advanced technologies such as AI and data science.
Ladun Investment Company said its joint venture with Al Ayuni Investment has been awarded SAR2.4 billion ($639 million) contracts for the infrastructure development works on key Al Qirawan, Al Narjis and Namar plots under the Real Estate Balance Program – Phase One in Riyadh.
Saudi Arabian companies are seeing tangible returns from artificial intelligence as investment becomes more disciplined and workforce preparation gathers pace, said a new survey, adding AI is moving beyond experimentation and into mainstream business use.
Saudi-based Blacksand has announced a landmark agreement with Marriott International to develop 10 hotels in the kingdom over the next four years. Featuring over 1,300 rooms, it will be developed under a range of Marriott brands spanning the luxury, select-service and extended-stay segments.
The Saudi asset management industry remained resilient in Q1 during the height of the Iran conflict, even posting some growth, according to Fitch Ratings. Assets under management (AUM) are likely to continue to rise, surpassing $400 billion in 2027.
Spanish infrastructure major Acciona has announced that its facility service unit has been awarded a three-year contract to provide technical train cleaning and housekeeping services for the Haramain High-Speed Railway, one of Saudi Arabia's most advanced transportation systems.
