Saudi Energy inks US $3.1bn power purchase deal for Rabigh 2

Saudi Energy Company has announced that it has signed a US $3.1bn power purchase agreement with Saudi Power Procurement Company (SPPC) for...

Infrastructure

Industrial investments in Jubail and Yanbu cross US $400bn

Saudi Arabia’s Royal Commission for Jubail and Yanbu has announced its total investments in the industrial cities has risen to over US...

Construction

Saudi Arabia invites bids for King Salman Stadium in Riyadh

Qualified contracting companies have been invited to submit prequalification bids for preliminary works on the landmark King Salman Stadium in Riyadh, by...

Industry News

Saudi cement sales fall by 4.7% in Q1

The cement sales volumes across the Kingdom of Saudi Arabia declined by 6.7% YoY and 21.3% MoM to hit 3.37MT, reflecting the...

Construction

Rua Al Madinah appoints contractor for $2bn Superblock 5 project

PIF developer Rua Al Madinah has awarded a US $2.1bn contract to China Railway 18th Bureau Group for the construction of Superblock...

Construction

Alramz secures prime Riyadh land for 135-unit residential development

Saudi-based Al Ramz Real Estate Company made an announcement regarding the acquisition of a prime 8,600sqm plot of land in the Al...

Property

Cenomi signs lease agreement with Saudi Downtown

Cenomi Centres has signed a promise-to-lease agreement with Saudi Downtown Company, a wholly-owned subsidiary of the Kingdom's sovereign wealth fund PIF, for...