Saudi Arabia leads in Middle East FDI
Saudi Arabia, Qatar and the UAE accounted for 62 percent of the total foreign direct investment (FDI) projects in the ...
Country: Kingdom of Saudi Arabia
Saudi Electricity Company posts $768 million profit
The Saudi Electricity Company (SEC) has posted a 32 percent rise in third-quarter net profit, beating analyst forecasts. The utility ...
Ma’aden gets $320 million financing for aluminum project
Saudi Arabian Mining Co (Ma’aden) said it had signed financing agreements worth $320 million with a Saudi government fund to ...
Aviation integral part of Saudi economy
Commercial aviation is a critical component of the Saudi economy, providing 1.8 percent of the Kingdom’s GDP or SR30.2 billion ...
Saudi Aramco to invest $35 billion in oil projects over 5 years
Saudi Aramco plans to invest $35 billion over the next five years in projects to protect an oil production capacity ...
Jubail-Dammam rail contracts to be awarded this year
Saudi Arabia is expected to award contracts for construction of the planned 115-km (72-mile) rail link between its industrial city ...
Hyundai to build $3.2 billion Saudi power plant
South Korea's Hyundai Heavy Industries said it had won a $3.2 billion order to build a thermal power plant in ...
Samsung Engineering wins Aramco lubricants JV expansion
South Korean group Samsung Engineering is to double the capacity of a Luberef oil lubricants refinery in Yanbu that is ...
Saudi Cement profit up 7.3%
Saudi Cement Co. posted a 7.3 percent rise in its third-quarter net profit thanks to higher local demand, it said ...
Habtoor Leighton Group gets $74 million Saudi contract
Dubai-based Habtoor Leighton Group, a joint venture between Leighton Holdings Ltd. (LEI.AU) and Al Habtoor Group, said it has been ...
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