Tag: Saudi Arabia Business News
Italy’s Maire Tecnimont secures $500mn worth petrochemical contract in Saudi Arabia
Italy-based engineering firm Maire Tecnimont’s subsidiaries Tecnimont and Tecnimont Arabia Limited have secured a $500 million worth contract to construct two polypropylene units at...
Abu Dhabi’s Masdar-led consortium developing solar project in Jeddah
A consortium led by UAE’s Masdar, France-based EDF Renewables, and Saudi’s Nesma Company has announced that it has reached financial close on a 300...
Hospitality major Louvre eyes massive Saudi expansion with 31 new hotels
Louvre Hotels Group, one of the major players in the global hotel industry, has planned to launch 31 new hotels in Saudi Arabia.
The hotels...
India’s L&T bags Saudi’s 1.5GW Sudair Solar EPC Project contract
Leading Indian conglomerate Larsen & Toubro (L&T) has secured a construction contract to build Saudi Arabia's largest solar photovoltaic (PV) plant.
In a statement to...
Aramco sells 49% stake of its newly formed subsidiary to EIG-led...
The world’s largest oil-exporting company Saudi Aramco has signed a $12.4 billion deal with a consortium led by EIG Global Energy Partners (EIG) that...
Saudi Crown Prince unveils the first-ever solar utility-scale project in Kingdom
Saudi Arabia’s Crown Prince Mohammed bin Salman has launched the Sakaka IPP PV power plant, the Kingdom’s first renewable energy project.
According to the reports,...
Saudi Arabia could raise its economy to $1.6tn with intelligent automation:...
A new research commissioned by leading Robotic Process Automation (RPA) provider Automation Anywhere has found that intelligent automation gives Saudi Arabia the capability to...
Saudi’s SABIC, SIRC join hands for a chemical recycling project
Saudi Investment Recycling Company (SIRC), a wholly-owned subsidiary of Saudi Public Investment Fund (PIF) and the Kingdom's chemicals giant SABIC have entered into a...
