Construction & Real Estate

NMDC Energy, Baker Hughes to localise offshore solutions in Saudi

NMDC Energy has signed a strategic MoU with Baker Hughes in Saudi Arabia to explore opportunities for localising key products and solutions. This collaboration aims to enhance service delivery in energy markets across the Middle East, North Africa, Türkiye, and India....

Construction & Real Estate

Saudi Abunayyan, Nextracker in deal to set up new solar energy JV

Abunayyan Holding, a major player in the Saudi utility sector, has joined hands with NEXTracker, a leading provider of intelligent solar tracker solutions, to set up a new venture, Nextracker Arabia, aimed at accelerating energy transition in the Mena region. ...

Construction & Real Estate

Merak Capital in deal to accelerate Saudi smart parking infrastructure

Merak Capital, a Saudi-based investment firm focused on opportunities across multiple industries, has announced a SAR100 million ($26.7 million) strategic investment in Arsann, the kingdom’s leading operator of smart parking and mobility infrastructure. ...