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SEC Signs $123 Million in Contracts 23 Aug 2013 | 04:00 am
August 22, 2013 – The Saudi Electric Company (SEC) has signed two contracts, worth approximately $123.7 million (SR464 million), with a Saudi company for the construction and expansion of two electric...
Clariant and Tasnee Establish Joint Venture 13 Aug 2013 | 04:00 am
August 9, 2013 – National Industrialization Co. (Tasnee), an industrial conglomerate, and Clariant, a specialty chemicals manufacturer, signed an agreement to create a masterbatches joint venture in S...
Saudi Arabia to Establish 11 New Research Centers 5 Aug 2013 | 04:00 am
August 5, 2013 – Saudi Arabia announced that it will establish 11 new research centers at Saudi universities throughout the country. The research centers will bolster the Kingdom’s scientific and tec...
SEC Signs Deal for $3.3 Billion Power Plant 5 Aug 2013 | 04:00 am
August 5, 2013 – Saudi Electricity Company (SEC) signed a contract with Hyundai Heavy Industries for the engineering, procurement, construction, testing, and commissioning of a 2,640 megawatt power pl...
SEC Signs Contracts Worth $733 Million 5 Aug 2013 | 04:00 am
August 5, 2013 – The Saudi Electricity Company (SEC) has signed six contracts worth approximately $773 million (SR2.9 billion ) to strengthen the electrical infrastructure throughout the Kingdom. The...
Saudi Arabia Appoints New CEO to Tadawul Exchange 5 Aug 2013 | 04:00 am
August 5, 2013 – Adel Al-Ghamdi has been appointed Chief Executive Office of the Tadawul Stock Exchange. Previously, Mr. Al-Ghamdi was General Manager of the corporate finance and issuance division un...
Saudi Aramco Signs Contracts with SSP for Supplying Steel Pipes 18 Jul 2013 | 04:00 am
July 15, 2013 – Saudi Aramco has awarded the Saudi Steel Pipe Company (SSP) two contracts worth approximately SR250 million ($66.6 million) to supply OCTG steel pipes. These contracts are a continuat...
Saudi Arabia Plans New Pilgrim City in Makkah 11 Jul 2013 | 04:00 am
July 11, 2013 – Saudi Arabia has announced plans to develop a new pilgrim city in Makkah, similar to the city planned for Madinah. The city will offer world class facilities including housing, museum...
SABIC Awards $387 Million Contract for Polyacetal Plant 10 Jul 2013 | 04:00 am
July 10, 2013 – Saudi Basic Industries Corporation (SABIC) awarded a contract worth $387 million (SR1.45 billion) to Dragados, a Spanish construction firm, for a polyacetal plant. The plant will be lo...
Ma’aden Awards $825 Million Contract for Ammonia Plant 9 Jul 2013 | 04:00 am
July 9, 2013 – Saudi Arabian Mining Company (Ma’aden) awarded a contract worth $825 million (SR3.1 billion) to Daelim Industrial Co. (Daelim), a South Korean construction firm. Daelim will construct t...
