Cement sales volumes across the Kingdom of Saudi Arabia fell in December on both an annual and monthly basis, reflecting softer demand at year-end, although full-year volumes still posted strong growth driven by gains from leading producers, said a report. ...
Linxon, a global engineering, procurement, and construction company, has completed the work on the Taibah 380 kV Bulk Supply Point (BSP) substation and handed it over to the Saudi Electricity Company (SEC), marking a significant milestone in boosting Madinah’s power grid capacity. ...
Saudi finance ministry has acquired an 86% stake in Saudi Binladin Group Holding after the company’s AGM approved a capital hike through conversion of outstanding debt into shares. Under the restructuring, the group’s liabilities are estimated at SAR23.3 billion ($6.2 billion). ...
Saudi Aramco Base Oil Company (Luberef) has announced that it has signed an agreement with global oil major Aramco for setting up a base oil plant within its refinery in Jazan city. The deal establishes the framework for technical, commercial, and operational assessments of the project. ...
Saudi Arabia’s The Capital Market Authority (CMA) has sought public feedback on the draft controls governing the real estate ownership by listed companies, investment funds and special purpose entities (SPEs) in the kingdom including the cities of Makkah and Madinah. ...
Alfanar Engineering Services has signed a land lease agreement with the Royal Commission for Jubail and Yanbu to set up a large-scale specialised facility in Yanbu Industrial City, dedicated to the manufacturing and maintenance of electric motors. ...
Saudi-based Alramz Real Estate has announced that it has signed an agreement to establish a SAR2.5 billion ($666 million) shariah-compliant real estate investment fund to develop its residential project - Rabwa Alramz - in Riyadh, with SNB Capital acting as the fund manager. ...
RMJM, one of the leading culturally diverse architecture firms in the world, has unveiled the design for a new mixed-use development coming up in Al Qairawan, Riyadh. The architecture adopts a facade-driven approach informed by Salmani design principles. ...
Leading Indian wastewater treatment specialist VA Tech Wabag has emerged as the preferred EPC partner for the Hadda ISTP project in Saudi Arabia. Wabag is part of the winning developer consortium comprising Metito Utilities, Etihad Water and Electricity and SkyBridge....
Talaat Moustafa Group (TMG) has partnered with leading Saudi conglomerate Al Muhaidib for the launch of its premier projects - Jood and Yamal - in Oman being set up at an investment of $5 billion. Spanning 4.9 million sq m, these projects will boast over 15,000 residential and tourism units....
EHAF Consulting Engineers has announced that it has been appointed as the project, programme and construction management (PMCM) services consultant for a premium residential community - Raseen - in Riyadh. The project is being developed by leading Saudi master developer AlOula. ...
KBR has announced that it has been awarded a major contract for its PureMSM green methanol technology by Fikrat Al Tadweer for a pioneering biomethanol plant project in Saudi Arabia. The project scope involves transforming landfill-gas into clean fuels....
Garbe Industrial, a leading developer of logistics and light industrial real estate in Germany, has joined hands with Saudi group ARTAR to set up a landmark venture that will focus on delivering premium-grade warehouses and distribution centres across the kingdom. ...
Saudi-based Alkhorayef Water and Power Technologies Company has announced the signing of contracts with National Water Company (NWC) for operation and maintenance (O&M) of water and wastewater networks in the Hafer Al-Batin governorates. ...
ACWA Power and Bapco Energies signed a Joint Development Agreement to develop a multi-phase 2.8 GW solar plant with large battery storage in Saudi Arabia. Announced at the 2025 Saudi–Bahraini Coordination Council meeting, the project will supply Bahrain’s grid and support its renewable energy transition....
The Myriad, a top-tier student living brand, is looking at developing a series of student communities across Saudi Arabia as part of its regional expansion strategy. It is represented in KSA by the Dedicated Housing Company, a SAR2 billion ($533 million) fund JV. ...
Saudi-based Alhani Construction said work is in full swing on the landmark Aramco Stadium project in Khobar and will be completed in time for AFC Asia Cup 2027. It is being built in collaboration with Besix Construct-Albawani JV. ...
Leading Saudi flour production company Fourth Milling Company (MC4) said it has broken ground on its new production facility at Al Kharj region of the kingdom. This comes as part of its SAR265 million ($71 million) expansion project. ...
Diriyah Company, a dynamic mixed-use developer transforming Saudi Arabia's historic birthplace into a vibrant new capital of culture, has appointed Knight Frank to provide consultancy, and tenant selection services for its Media and Innovation District. ...
Rising demand for prime, ESG-compliant office space among regional and global businesses is driving rents and occupancy levels to near-record highs across key markets in the GCC, with Saudi Arabia leading rental growth at 15.1% in Q3 2025, said an expert. ...
