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429 news items from Saudi Arabia. Show all
Saudi Arabia's Al Yamamah Steel Industries Co. reported a sharp decline in net profit for Q1 FY25, which ended on December 31, 2024, according to its interim financial results. Net profit plunged 84.4pct year-on-year to…
Saudi Water Partnership Company (SWPC) has signed agreements worth USD 693 mln for the Ras Mohaisen Independent Water Plant in Al Qunfudhah, Makkah region. The desalination plant, with a capacity of 300,000 cu m/day…
Dar Global, the real estate developer, has awarded the enabling works contract for the Trump Tower Jeddah to Specialized Italian Foundation Co. Ltd. (SIFCO), according to a company statement. SIFCO, a 100pct Saudi…
Sumou Real Estate Company has signed two contracts with Saudi Railway Company for the development of commercial projects, valued at USD 17.15 mln, according to a stock exchange filing. The first contract involves the…
Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been…
US-based Gordon Brothers has been named the exclusive selling agent for a never-utilized flat and long steel production plant in Dammam, Saudi Arabia. The plant, owned by one of GCC's leading steel manufacturers…
The Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund (PIF), has awarded Naz Steel Industries a contract to design, supply, fabricate, and erect pre-engineered buildings for three…
Kingdom Holding Company has announced the resumption of construction and concrete pouring for Jeddah Tower, with the presence of Chairman Prince Alwaleed bin Talal, CEO Eng. Talal Al-Maiman, and representatives from…
Slovenian steel producer SIJ Group has signed an agreement with the Saudi Arabian government to establish the electrical steel production facility in Ras Al-Khair, a fast-growing industrial hub in southeastern Saudi…
Al Watania for Industries (WFI) and China's Donghexin Group (DHX) have announced a joint venture to establish Saudi Arabia's first integrated tinplate manufacturing plant. This strategic initiative aims to localize a…
Vale S.A. has signed a land reservation agreement with the Royal Commission of Jubail and Yanbu, Saudi Arabia, to establish a mega hub at Ras Al-Khair Industrial City. The project, set to be developed in two phases…
Indian pipe producer Welspun Corp has signed a Memorandum of Understanding (MoU) with Saudi Aramco for strategic cooperation to establish a state-of-the-art LSAW (Longitudinal Submerged Arc Welded) line pipe…
NMDC Energy PJSC, a provider of engineering, procurement, and construction services for offshore and onshore energy clients, and a majority-owned subsidiary of NMDC Group PJSC, has opened an advanced fabrication yard in…
Saudi Arabia's View United Real Estate Development Company has secured a USD 43.7 mln contract to build a residential tower in the Al-Nakheel district on King Fahd Road in Riyadh. The agreement, signed with Shams…
Saudi Arabian flat steel producer, Universal Metal Coating Company (Unicoil) has selected Danieli Automation's DIGI&MET Automation as the primary supplier to enhance its coil yard management operations. The new handheld…
Diriyah Company, the mixed-use developer behind the transformation of Diriyah, The City of Earth, has awarded a US USD 202.2mln contract to China Harbour Engineering Company to undertake bulk excavation works in…
ArcelorMittal Tubular Products Al-Jubail (AMTPJ) has selected Danieli Automation DIGI&MET for new Manufacturing Execution System (MES) and Business Intelligence (BI) projects for its two seamless pipe plants…
Al Yamamah Steel Industries Co. has signed a contract with the Saudi EPC contractor, Trading & Development Partnership (TDP), to supply steel towers, the company announced in a stock exchange filing. The towers will be…
Saudi Iron and Steel Company (Hadeed) has kept its long steel prices unchanged for January deliveries. The price of rebar (12-32 mm) remains at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) holds steady at SAR…
Roshn Group, Saudi Arabia's leading real estate developer and a Public Investment Fund (PIF) company, has officially broken ground on Al-Manar Community, its first fully-integrated residential development in Makkah…
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