Acwa Power and SWPC inked a deal for a 600,000cu/m desalination plant

A water purchase agreement has been inked between Acwa Power and the Saudi Water Partnership Company (SWPC) for a 600,000cu/m capacity plant...

Industry News

14 cement firms fined for price manipulation in Saudi Arabia

A collective fine of US $37.32mn has been imposed on 14 cement companies in the Kingdom by Saudi Arabia’s General Authority for...

Infrastructure

Saudi’s NCP approves 200 projects under PPP model

200 development projects across 17 major sectors have been approved by Saudi Arabia's National Center for Privatisation (NCP). The sectors covered include...

Industry News

Saudi Arabia is ‘single biggest hospitality opportunity’

Saudi Arabia currently represents the single biggest opportunity for hospitality and tourism, and that is set to continue for at least another...

Technology

Saudi’s Ministry of Transport and Logistics launches trial of first self-driving vehicle

Saudi Arabia’s Deputy Minister of Transport and Logistics, Dr. Rumaih Al-Rumaih, has launched a trial phase of ’Dhahaina’ (Smart), a new autonomous...

Consultant

Red Sea Global appoints ILF Consulting Engineers to implement $1.5bn project

Red Sea Global (RSG) has appointed ILF Consulting Engineers as an independent engineer for the implementation phase of a major carbon-neutral utility...

Financial

Moody’s affirms A1 issuer rating for PIF

Moody's Investors Service has maintained the long- and short-term issuer ratings of Saudi Real Estate Refinance Company (SRC) at 'A2/P-1' and changed...

Construction

Contracts for Amaala’s Marina Village awarded says Red Sea Global

Red Sea Global has awarded two major contracts for the first phase of development at Amaala’s Triple Bay Marina Village to construction...

Consultant

Hill wins 50,000-unit Al Fursan PMC contract

Hill International has secured a major contract from Saudi Arabia’s National Housing Company (NHC) to provide project management consultation (PMC) services for...