Saudi economy expands at moderate pace in Q1
Saudi Arabia’s economy expanded at a moderate pace of 1.7 per cent year-on-year (y-o-y) in the first quarter (Q1) of ...
Country: Saudi Arabia
World’s first long-range Hyperloop test track to be built in Saudi Arabia
A study will be conducted to build the world’s longest test and certification hyperloop track in Saudi Arabia, American transportation ...
GCC looks to add 7GW renewable power by early 2020
The GCC region is expected to witness a drastic rise in renewable energy deployment. Nearly 7GW of new renewable power ...
Saipem plans floating offshore wind farm in Saudi Arabia
Saipem has signed a memorandum of understanding with Plambeck Emirates, a solutions company in the field of renewables-based in Abu ...
L&T consortium wins over $1bn Saudi Aramco project
India's top engineering and construction firm Larsen & Toubro (L&T) said one of its key subsidiaries, L&T Hydrocarbon Engineering Limited ...
Saudi Railway, Huawei to build GenNext rail network
Saudi Railway Company (SAR) said it has selected Huawei, a leading global provider of information and communications technology (ICT), as ...
Saudi non-oil sector grows fastest in 19 months
Saudi Arabia’s non-oil private sector saw the fastest improvement in business conditions in June for 19 months amid further increases ...
Chinese fund SRF buys 49 percent stake in Acwa Power unit
Silk Road Fund (SRF), a state-owned investment fund of the Chinese government, has reached an agreement with Saudi-based Acwa Power, ...
Alexandria discusses investing $5bn in establishing petrochemical plants
Governor of Alexandria Abdel Aziz Qensua announced discussing the establishment of a complex of petrochemical plants with investments of about ...
Sisi discusses with Saudi CP boosting economic, investment ties
President Abdel Fatah al-Sisi had talks with Saudi Crown Prince Mohamed bin Salman on means of boosting relations between Egypt ...
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