Hadeed lowers long steel prices
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70…
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429 news items from Saudi Arabia. Show all
Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70…
Aramco has signed a five-year Cooperation Framework Agreement (CFA) with China National Building Material Group Co., Ltd. (CNBM) to explore opportunities in advanced materials and industrial development. The…
Elsewedy Electric, in partnership with Siemens, is establishing an USD 800 mln power plant in Rabigh, Saudi Arabia, according to an official from Elsewedy Electric speaking to Al Arabiya Business. Currently, the project…
Tosyali Holding's Toscelik has supplied pipes for the first phase of the Juranah Independent Strategic Water Reservoir (Juranah ISWR-1) project, which is being constructed by Mapa Group, the company announced in a press…
Demand for rebar and wire rod is projected to reach 7.5 mln tons in 2024, according to Jassem Abbas, Vice Chairman of the National Committee for Steel Industry (NSCI) and General Manager of Sales, Marketing, and…
Lamar Holding and Asyad Group, the primary developers of the Haradh and Wudaihi staff housing complexes for Aramco staff, have awarded of the engineering, procurement, and construction (EPC) contract of the project to…
Eversendai has secured the steel subcontract for the Qiddiya racetrack project in Riyadh, Saudi Arabia. The Speed Park Track, located near central Riyadh, is set to host major international motorsport championships, the…
Almasane Alkobra Mining Company (AMAK) has signed a letter of intent with UK-based Power Metal Resources Plc to form a joint venture aimed at advancing exploration on AMAK's Qatan Exploration License in southwest Saudi…
Abu Soma Development Company and Redcon Construction have signed a Memorandum of Understanding (MoU) to build more than 2,000 residential units and luxury hotels within the Red Sea project at a total investment of USD…
Saipem has been awarded two offshore contracts in Saudi Arabia under its existing Long-Term Agreement with Aramco. The overall value of the two contracts is approximately USD 1 bln. Saipem's scope of work under the…
India's VA Tech Wabag announced that it has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract worth USD 317 mln for a mega sea water desalination project in Saudi Arabia. The…
ACWA Power will develop a 410,000 cubic metre per day independent water plant (IWP) at Hamriyah, Sharjah, at the cost of USD 693 mln. The contract includes development, design, financing, engineering, procurement…
The Saudi Exchange (Tadawul) announced its rejection of Watani Iron Steel's (Watani Steel) request to transfer from the Nomu-parallel market to the main market. According to Tadawul, the decision was made because the…
Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care) has awarded two construction-related contracts valued at about USD 23 mln for two projects in Saudi Arabia. Advanced Horizons Construction Company (AHC), a…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) announced in a stock exchange filing the renewal of a Shariah-compliant bank facility agreement worth SAR 25 mln (USD 6.65 mln) with Alinma Bank. The funding, secured…
Saudi Real Estate Infrastructure Company (Binyah), a subsidiary of Tadawul-listed Saudi Real Estate Co. (Al-Akaria), has secured a significant contract to construct a Treated Effluent Sewage (TSE) network as part of the…
Belgian infrastructure major Besix has joined hands with Saudi-based AlBawani to break ground on the stadium project of Saudi oil giant Aramco. Designed to accommodate 47,000 spectators, the Aramco Stadium will be…
The Ceer Manufacturing Complex (CMC) in King Abdullah Economic City, Jeddah, has reached a significant milestone with the recent installation of the first steel frame for Saudi Arabia's first electric vehicle (EV)…
Saudi Arabia's Molan Steel Co. reported a 21pct YoY reduction in net losses for the first half of 2024, according to a stock exchange filing. The company recorded a net loss of SAR 2.49 mln (USD 0.66 mln) in H1 2024…
Riyadh Steel Co. has signed a Shariah-compliant short-term credit facility agreement with Saudi Awwal Bank (SAB) valued at SAR 10 mln (USD 2.66 mln), according to a statement to Tadawul. The one-year facility is secured…
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