Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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429 news items from Saudi Arabia. Show all
Saudi Steel Pipe Co. (SSP) reported a substantial increase in net profit, reaching SAR 147.9 mln (USD 39.3 mln) in H1 2024, a 58pct rise YoY. This growth was driven by higher sales revenues and volumes, including…
Aramco has announced the start of construction on the Aramco Stadium in Al Khobar, which will have a seating capacity of around 47,000. Scheduled for completion by 2026, the stadium will serve as the home ground for…
Saudi Iron and Steel Company (Hadeed) has set its prices for rebar and wire rod for August production. The company is offering rebar (12-32 mm) at SAR 2,410 (USD 642) per ton, unchanged from the previous month. In…
The Royal Commission for Riyadh City and the Ministry of Sport have unveiled the designs and plans for the King Salman Stadium, set to become one of the world's largest sports arenas. The facility will feature a seating…
A partnership between the Saudi unit of Egypt's Hassan Allam Construction Saudi, Riyadh-based El Seif Engineering Contracting and China Harbour Engineering Arabia has won a construction contract for the Port of Neom in…
Chinese steelmaker Baoshan Iron and Steel Company (Baosteel) will more than double its investment in a steel plate joint venture with Saudi partners Aramco and the Public Investment Fund (PIF). Baosteel will invest USD…
Saudi Arabia will begin shipbuilding operations this year, Suliman Almazroua, CEO of the National Industrial Development and Logistics Program (NIDLP), said. This initiative, centered in Ras Al-Khair in eastern Saudi…
Saudi-based Ladun Investment Company said one of its key subsidiaries, Built Industrial Company has been awarded a USD 167 mln contract by the Ministry of Municipalities and Housing for the expansion of the ministry's…
Alandalus Property has started work on a major commercial development in Makkah being developed at a total investment of USD 221 mln in the Umm Jurfan neighbourhood of the Saudi city. On completion, the project will…
Saudi state-backed National Housing Company (NHC) has signed an agreement with China State Construction Engineering Corporation (CSCEC) to build 20,000 housing units in suburbs and communities across the kingdom. The…
Saudi Arabia's steel fabrication firm, Al Nafie Metal Industries (NMI) aims to become the Middle East's top steel fabrication company, according to General Manager Majed Suleiman Al Nafie in an interview with Gulf…
China's Envision Energy has launched a strategic joint venture (JV) with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries. This partnership aims to accelerate wind power growth across the Middle East…
Saipem, a global leader in engineering and construction for the energy and infrastructure sectors, has secured two offshore projects in Saudi Arabia under its Long-Term Agreement with Saudi Aramco, valued at…
Diriyah Company, an affiliate of PIF, has awarded a contract worth over USD 2 bln for developing a mixed-use district in northern Diriyah. The contract encompasses the construction of advanced educational institutions…
Jazan City Port Basic and Transformative Industries has announced the signing of three construction and operational contracts worth over USD 84 mln These contracts were awarded to China Harbor Engineering Company…
Alkhorayef Water and Power Technologies Company has received six new blanket purchase agreements worth USD 51 mln from the state-run National Water Company (NWC) to install new water and wastewater connections. The new…
Sumou Real Estate Company has signed a USD 346.54 mln contract with Jubail and Yanbu Industrial Cities Services Company (JABEEN). The contract is for completing primary and secondary infrastructure works and designing…
Arabian Pipes Company (APC) announced it has secured a new pipe supply contract from Denys Arabia, according to a stock exchange filing. The contract, valued at SAR 293 mln (USD 78 mln), involves APC supplying pipes…
Dallah Healthcare Company has awarded Youssef Marroun Contracting Company a contract for construction, electromechanical and finishing works for Al-Arid Hospital in Riyadh, worth USD 184 mln. The contract duration is 24…
Essar Group is awaiting final approvals to invest about USD 4.5 bln in building a low-carbon steel plant in Saudi Arabia, according to top official Prashant Ruia. Once approvals are received, the conglomerate will begin…
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