Saudi Ports launch five new shipping services amid Strait of Hormuz tensions

The Saudi Ports Authority (Mawani) has now introduced five new maritime shipping services as part of efforts to strengthen supply chain resilience...

Construction

Diriyah sets new concrete pouring record

Developer Diriyah Company has achieved a significant construction milestone, the company said it completed pouring 7,193cu/m of concrete in a record 15.5...

Construction

Al Majdiah signs contract with Emarna Contracting for residential project in Riyadh

Al Majdiah has signed a contract worth US $20.48mn with Emarna Contracting Company to develop a new residential development in Riyadh’s Al‑Nada...

Financial

Dar Al Majed seals credit facilities deal with Banque Saudi Fransi

Saudi-based Dar Al Majed Real Estate Company has announced the signing of an addendum to the credit facilities agreement previously established with...

Property

Umm Al Qura extends Reservation Agreements for the sale of plots in Masar Destination

Umm Al Qura for Development and Construction Company has extended 2 reservation agreements with Mousa Abdulaziz Al Mousa & Sons Real Estate...

Energy

GCC energy infrastructure sees continuing attacks in second week of regional conflict

Saudi Arabia’s Ministry of Defense intercepted three drones heading towards the Shaybah oil field yesterday, according to a post by the Saudi...

Energy

Elsewedy Electric delivers its first utility-scale solar plant in Riyadh

Elsewedy Electric for Power Transmission & Distribution has completed and handed over the El Saad Solar Plant, a project that has now...

Construction

Diriyah awards US $666mn Pendry Superblock Package deal

The Diriyah Company has secured a significant contract worth US $666mn for the implementation of the Pendry Superblock Package Northwest within Diriyah...