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429 news items from Saudi Arabia. Show all
Saudi Arabian long steel producer Riyadh Steel reported a slight increase in net profit for the first half of 2024. The company's net profit rose by 0.5pct YoY to SAR 2.53 mln (USD 0.67 mln), according to a recent stock…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) reported a significant rise in net profit for H1 2024, reaching SAR 3.4 mln (USD 0.9 mln), up from SAR 1.2 mln in the same period last year. The growth in profit was…
The Red Sea International Company (RSI) said it has been awarded a USD 175.2 mln contract by top Italian engineering group Webuild for setting up a camp for workers serving the Trojena Dam project coming up at the Saudi…
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed a contract with Welspun Middle East Pipes to allocate 493,000 square meters of industrial land in Dammam's Third Industrial City for the…
The Royal Commission for Riyadh City has awarded a road development contract worth USD 3.46 bln to enhance the city's transportation system. The first phase of the programme aims to develop the axes of the ring and main…
Saudi Iron and Steel Company (Hadeed) will lower its wire rod prices by SAR 100 (USD 27) per ton for September deliveries. The new price for wire rod (6.5-16 mm) will be SAR 2,435 (USD 648) per ton. Hadeed recently…
The National Water Company (NWC) announced that it has started the implementation of 20 water and sanitation projects in the Riyadh region. The projects will see laying of pipes and networks running over 1,300 km…
Man Industries (India) has announced plans to establish a new plant in Dammam, Saudi Arabia, with an estimated project cost of over USD 71 mln, according to a stock exchange filing. The new facility will feature line…
Saudi Arabia's Al Yamamah Steel Industries Co. has reported a significant turnaround in its financial performance, moving from a SAR 107.16 mln loss in the first nine months of FY24, which ended June 30, 2024, to a…
China Energy Engineering Corporation (CEEC) said it has signed a USD 972 mln Engineering, Procurement and Construction (EPC) contract to build the 2,000 megawatts (MW) Haden solar PV Independent Power Plant (IPP)…
Saudi Iron and Steel Company (Hadeed) has reduced its rebar prices, citing weak sales as the reason. The price for rebar (12-32 mm) has been cut by SAR 40 (USD 11) per ton to SAR 2,370 (USD 631) per ton. However, wire…
Saudi Arabia's Group Five Pipe reported a 5pct drop in net profit to SAR 9.2 mln (USD 2.44 mln) for H1 2024, according to a stock exchange filing. The decline was attributed to increased financing costs. The company's…
Saudi-based Fakeeh Care Group has announced that its key subsidiary - Dr Soliman Abdulqader Fakeeh Hospital Company (DSFH) - has signed up Advanced Horizons Contracting Company for the construction of its new medical…
Saudi Steel Pipe Co. (SSP) has been awarded a SAR 138 million (USD 36.7 million) contract to supply oil and gas steel pipes to Saudi Aramco, according to a stock exchange filing. The contract is set to last for 12…
Saudi Arabia's East Pipes Integrated Company for Industry has secured a pipe supply contract valued at over SAR 235 mln (USD 62.5 mln) from Esnad Al-Turuq for General Contracting, including VAT. The 24-month contract…
Saudi Arabia's General Authority for Statistics (GASTAT) has reported the price trends for key building materials in Q1 2024. The average price of rebar decreased by 9.83pct to SAR 2,882.43 (USD 767) per ton from SAR…
The total value of awarded contracts in Saudi Arabia for the first quarter soared to USD 32 bln, thus recording a 79pct growth over last year while on a quarter-on-quarter basis, the value of contracts grew by 35pct…
Saudi Arabia's Arabian Pipes Co. (APC) reported a net profit of SAR 111.83 mln (USD 29.7 mln) in the first half of 2024, a significant increase from SAR 56.94 mln in the same period last year. This profit surge is…
Minister of Industry and Mineral Resources Bandar Al-Khorayef, accompanied by Deputy Minister Eng. Khaled Al-Mudaifer and other industry leaders, visited Vale's Carajas mines in Brazil's Amazon. The visit included an…
The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed nine substantial contracts with the private sector worth over USD 266 mln as part of its efforts to significantly boost the development…
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