RSG becomes first Saudi company to be awarded ISO 37000 certification

Red Sea Global, the developer behind the Red Sea Project and AMAALA tourism destinations in Saudi Arabia, has said that it has...

Property

Lazzarini unveils $8bn floating city concept for ultra-high-net-worth individuals

Lazzarini Design Studio has unveiled a giant turtle-shaped floating city concept for ultra-high-net-worth individuals. Measuring 550m long and 610m wide, the terayacht...

Sustainability

Averda and KAUST renew waste management partnership till 2025

End-to-end waste management and recycling company Averda and King Abdullah University of Science and Technology (KAUST) have signed a new contract for...

Financial

Saudi Arabia’s PIF and BlackRock sign MoU to jointly explore Middle East infrastructure projects

Saudi Arabia’s Public Investment Fund (PIF) has signed a non-binding Memorandum of Understanding with global investment company BlackRock to anchor the latter’s...

Machinery

Saudi Diesel integrates ERP to support equipment and power generation market

Cloud specialist Infor has announced that Saudi Diesel Equipment Co (SDEC) is migrating its existing deployment of Infor M3 on-premises to Infor...

Industry News

JLL announces Sean Doherty as Head of Program and Project Management for the MEA

Sean Doherty has been announced as JLL’s Head of Program and Project Management for the Middle East and Africa (MEA). In his...

Construction

Saudi Arabia’s SPGA invites pre-qualification bids for TOD project in Makkah

Saudi Arabia’s State Properties General Authority (SPGA) has invited prequalification bids from leading project developers and investors for a major transit-oriented development...

Financial

JODC registers 407% increase in revenue in Q3 2022

Saudi-based developer Jabal Omar Development Company (JODC), the master developer of the massive Jabal Omar mixed-use project in Makkah, has announced its...

Infrastructure

ACWA Power achieves financial close for $821mn Shuaibah 3 IWP project

Saudi-based ACWA Power has announced the financial close for the Shuaibah 3 independent water project (IWP), with a total investment of US...

Infrastructure

India’s L&T wins multiple EPC orders worth up to $303mn in KSA

India-based Larsen & Toubro (L&T) has announced that its Power Transmission and Distribution business has secured multiple EPC orders in the current...