Luxury electric car startup Lucid Motors just landed a $1 billion investment from Saudi Arabia’s sovereign wealth fund.
Saudi Arabia Tender and Business News
A complex web of business and politics has managed to keep oil prices stable around the world for now.
Jacobs Engineering,a technical professional services firm in Texas, received a two-year contract renewal from Saudi Aramco Total Refining and Petrochemical Company (SATORP), to provide general engineering services at SATORP's facilities, in Jubail Industrial City 2 on the Arabian Gulf coast.
Saudi Arabia's Abdul Latif Jameel Signs MOU with Kosei Aluminum to Drive Growth in Saudi Auto Manufacturing
Japanese company Kosei Aluminum and Saudi Arabia-based Abdul Latif Jameel (ALJ) just signed a Memorandum of Understanding to help support the growth of Saudi Arabia's auto manufacturing sector.
Mazda Motor Corporation is partnering on a joint research project with Japan's National Institute of Advanced Industrial Science and Technology (AIST) and Saudi Aramco, an oil company, with the goal of improving internal combustion engine efficiency and lowering carbon dioxide emissions.
Texas based McDermott International, a multinational engineering company, received a contract for engineering, procurement and construction (EPC) of CB&I Storage Tanks, in the Kingdom of Saudi Arabia.
Lockheed Martin, an aerospace and defense company in Maryland, announced that it has received a contract, for the production of the Multi-Mission Surface Combatant, for the Kingdom of Saudi Arabia.
Dubai-based National Bonds, a savings and investment company, and SHUAA Capital psc, a major integrated financial services firm also in the United Arab Emirates, have formed a joint venture in Saudi Arabia to develop a variety of new savings and investment programs within the country.
Halliburton oil company just signed Unconventional Gas Stimulation Services contract with Saudi Aramco, a Saudi Arabian Oil Company, to further improve the economics of Saudi Aramco’s Unconventional Resources program.
SNC-Lavalin, a provider of EPC and EPCM services based in Montreal, has been awarded an engineering, procurement and construction (EPC) contract by Central District Cooling Company for the expansion of its Jabal Omar Development Company (JODC) district cooling scheme in Makkah, Saudi Arabia.
The International Islamic Trade Finance Corporation (ITFC) of Jeddah, Saudi Arabia, has expanded its partnership with the Banque Centrale Populaire (BCP), a major financial institution in Africa.
South Korean motion picture technology company CJ 4DPLEX is bringing its 4D cinema technology to the Middle East with the formation of a new partnership with Cinemacity, a cinema exhibitor in Saudi Arabia.
China Yuchai International Limited, a major Chinese manufacturer of engines for on-and-off-road applications, announced that 800 buses manufactured by Anhui Ankai Automobile Company Ltd. and recently exported to Saudi Arabia included GYMCL engines.
The Saudi Arabian Oil Company (Aramco), a state-owned national petroleum and natural gas company, has appointed Quebec-based engineering and construction firm SNC-Lavalin Group to install additional facilities for a major gas processing facility in Saudi Arabia’s eastern province.
Saudi Arabia’s Ministry of Culture and Information announced that Chinese-owned AMC, the largest theatrical exhibitor in the world, has received the first cinema license to open and operate cinemas in Saudi Arabia.
The Abdul Latif Jameel Poverty Action Lab (J-PAL) of Saudi Arabia was just awarded a joint grant of US $16 million to research policies focussing on good governance and how to handle violent crime.
British engineering and design firm Atkins has won procurement advisory services from the National Water Company (NWC), a state-owned water and wastewater services provider in Saudi Arabia.
Energy Recovery, a provider of pressure energy technology for industrial fluid flows based in California, announced total awards of $10.1 million to supply its PX® Pressure Exchanger®, and pump technologies for water projects in Saudi Arabia.
The Islamic Corporation for the Development of the Private Sector (ICD) and Nigerian banks including Jaiz Bank, SunTrust Bank, and Wema Bank, have signed a Line of financing agreements for a USD 20 million, USD 10 Million and USD 20 Million respectively.
ACCIONA Energía, the renewable energies operator subsidiary of ACCIONA Group in Spain, and Enara Bahrain Spv Wll (ENARA), the renewable energy platform of the Saudi Arabian company Swicorp, have begun construction work on three PV plants in Egypt with a total rated capacity of 150MW-186MWp.
Air Arabia Egypt announced the launching of a new route linking Sohag in Egypt to Jeddah in Saudi Arabia, starting 20 March 2018.
Riyadh-based electricity company ACWA Power has won the contract to build the Skaka IPP PV solar project, the first utility-scale renewable energy plant in the Kingdom of Saudi Arabia.
Serco Saudi Services, a group of companies specializing in the delivery of essential public services, has entered into an agreement with the Dr. Soliman Fakeeh Hospital in Jeddah.
California-based Energy Recovery, the leader in pressure energy technology for industrial fluid flows just announced that it has won $6.2 million contracts to supply its PXTM Pressure Exchanger(TM) technology for desalination projects in Saudi Arabia.
The Islamic Development Bank (IsDB), a multilateral development bank based in Saudi Arabia, just announced the launching of Engage, a new digital platform aimed at promoting technological and scientific solutions to accelerate progress towards the Sustainable Development Goals (SDGs).