Business & Money | Monday 15 January, 2024 1:40 pm

Ladun unit wins SAR 348.5M contract from Presidency of State Security

Ladun Investment Co.’s subsidiary, Built Industrial Co., was awarded a SAR 348.5 million contract (VAT inclusive) by Presidency of State Security to implement architectural, electrical and mechanical works for a building at the Naif Security Complex in Riyadh.   According to a...

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Business & Money | Monday 15 January, 2024 1:39 pm

Saudi growth sources changing as private sector focuses on diversification: Alibrahim

The sustained growth in the Saudi economy in 2023 is due to the implementation of diverse programs aligned with Vision 2030, Minister of Economy and Planning Faisal Alibrahim said.    The sources of growth in Saudi Arabia are undergoing a transformation, he...

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Business & Money | Sunday 14 January, 2024 2:15 pm

ROSHN targets 60% local content in construction: CEO

ROSHN Real Estate Co. is aiming to increase the company's reliance on Saudi's local market for construction to 60%, CEO David Grover said in a statement to Al Arabiya.   He added that developers are securing materials like cement, aluminum, and iron domestically and internationally,...

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Business & Money | Sunday 14 January, 2024 11:12 am

NADEC says fuel price adjustment to raise production, distribution costs by 1.8%

National Agricultural Development Co. (NADEC) said that Saudi Arabian Oil Co.'s (Saudi Aramco) fuel price adjustment will lead to an estimated increase of 1.8% in production and distribution costs, according to a statement to Tadawul.    The relevant financial impact...

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Business & Money | Saturday 13 January, 2024 3:26 pm

Responsible lighting to be showcased at Light + Intelligent Building Middle East as LED market in the region to top $5.94 billion by 2029

Energy efficiency, sustainability, safety, inclusivity and functionality will be the key areas discussed at the forthcoming THINKLIGHT conference, part of  Light + Intelligent Building Middle East, the leading exhibition for lighting, electrical engineering, and building technology when it...

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Business & Money | Saturday 13 January, 2024 3:19 pm

DAMAC Properties Launches DAMAC Lagoon Views

Leading luxury real estate developer in the UAE, DAMAC Properties has announced the launch of its first apartment complex in its third and upcoming master community, DAMAC Lagoons. DAMAC Lagoon Views will offer one- and two-bedroom apartments across the ground + six floors of living space with ...

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Business & Money | Friday 12 January, 2024 2:18 pm

Saudi Arabia has 1,600 mining plants: MODON official

Ali Al-Omair, Vice President for Business Development at the Saudi Authority for Industrial Cities and Technology Zones (MODON), said the authority has enabled more than 1,600 mining plants to engage in investments in the Kingdom through a number of solutions and services provided to local and...

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Business & Money | Friday 12 January, 2024 2:10 pm

Saudi Arabia may upgrade premium visas: Official

Mohammed AlSultan, CEO of the Premium Residency Center, said Saudi Arabia may launch new premium visas, or upgrade the current products later, to achieve the goals of priority sectors.  The launch of the new residency visas was due to the growth achieved by the Kingdom, which required...

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Business & Money | Friday 12 January, 2024 2:07 pm

RCJY inks investment deals, MoUs exceeding SAR 35B

The Royal Commission for Jubail and Yanbu (RCJY) signed investment agreements and memorandums of understanding (MoUs) with a number of companies, at a value exceeding SAR 35 billion, including agreements worth more than SAR 19 billion signed on the sidelines of the Future Minerals...

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Business & Money | Friday 12 January, 2024 2:54 am

Saudi Arabia to participate in World Economic Forum Annual Meeting 2024

Chaired by His Highness Prince Faisal bin Farhanbin Abdullah, Minister of Foreign Affairs, a high-level delegation from the Kingdom of SaudiArabia will participate in the World Economic Forum (WEF) Annual Meeting 2024, in Davos,Switzerland, from 15-19 January 2024, under the theme of “Rebuilding...

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