Business & Money | Wednesday 22 January, 2025 9:29 am

Tharwah awarded SAR 9.8M project by government entity

Altharwah Albashariyyah Co. (Tharwah) received on Jan. 21 an award notification from a government entity for a project worth SAR 9.83 million, inclusive of value-added tax. In a statement to Tadawul, the company pointed out that the contract is expected to be signed on Feb. 23. The...

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Business & Money | Wednesday 22 January, 2025 9:24 am

TAM receives SAR 24.8M purchase order from government entity

TAM Development Co. received a purchase order for a project worth SAR 24.8 million, within the framework agreement concluded with a government agency, according to a Tadawul statement. The order is valid for 12 months, the company said, adding that there are no related parties to the...

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Business & Money | Wednesday 22 January, 2025 9:01 am

Saudi Arabia spent SAR 93.7B to develop digital infrastructure: Al-Kassabi

Saudi Arabia spent SAR 93.7 billion on developing its digital infrastructure, to be ready for automation and digital transformation, in addition to allocating another SAR 75 billion for future development, Minister of Commerce Majid Al-Kassabi, said. In a session on “services trade” at the ...

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Business & Money | Tuesday 21 January, 2025 9:41 am

Kingdom Holding resumes Jeddah Tower construction

Kingdom Holding Co. (KHC) announced today, Jan. 20, the official restart of construction and concrete pouring for the Jeddah Tower. Jeddah Economic Co. (JEC) is overseeing the project, in partnership with global architectural firm Adrian Smith + Gordon Gill Architecture, along with engineering ...

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Business & Money | Tuesday 21 January, 2025 9:33 am

Al Jouf Cement inks SAR 38M contract to export cement to Syria

Al Jouf Cement Co. inked a contract with Mohammed Shahi Al-Ruwaili Contracting at a total value of SAR 38 million, according to a statement to Tadawul. Under the contract, Al Jouf Cement will export all types of cement and clinker to Syria. The contract’s value is 10% higher than the...

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Business & Money | Tuesday 21 January, 2025 9:32 am

Red Sea subsidiary signs SAR 266M contract

Red Sea International Co.'s subsidiary, Fundamental Installation for Electric Work Co. Ltd. (First Fix), signed a SAR 266 million contract with ALEC Saudi Arabia Engineering and Contracting LLC. The deal covers mechanical and electrical works for the Scientific Discovery and Innovation...

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Business & Money | Tuesday 21 January, 2025 8:00 am

DUBAI SOUTH AND EXPEDITORS SIGN AGREEMENT TO OPEN A NEW FACILITY AT THE LOGISTICS DISTRICT

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, and Expeditors International of Washington, Inc. (NYSE: EXPD), a Fortune 500 global logistics company, today announced the signing of an agreement for the launch of a new facility for...

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Business & Money | Tuesday 21 January, 2025 8:00 am

NWC pumps water to 3 Centers in Hail Region

The National Water Company (NWC), represented by the Water Business Unit in Hail Region, has started pumping water to Al-Mushaitiyah center in Hail City, and the centers of (Wasitat Al-Dulaim and Al-Mathawah) in Al-Ha’aet Governorate, through the transmission lines from the drinking water...

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Business & Money | Tuesday 21 January, 2025 8:00 am

Housing Ministry publishes updated entertainment facility regs

Saudi Arabia’s Ministry of Municipalities and Housing issued the updated regulatory guide for entertainment facilities, aimed at improving service quality, attracting investors, and enhancing visitor safety while protecting stakeholder rights. The new regulations apply to all entertainment...

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Business & Money | Tuesday 21 January, 2025 8:00 am

UAE participates in International Geological Survey Meeting in Riyadh

The UAE participated in the International Geological Survey Meeting held during the fourth International Mining Conference in Riyadh, Saudi Arabia. The meeting aimed to strengthen international cooperation in the mining sector and develop geological capabilities to enhance the production of...

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