CB&I, a provider of technology and infrastructure for the energy industry, announced it has been awarded a contract for more than $95 million by Saudi Aramco Shell Refinery (SASREF).
Saudi Arabia Tender and Business News
BSIC Niger (www.BSICbank.com/niger) and the private sector of the Saudi Arabia-based IDB Group (www.IsDB.org), the Islamic Corporation for the Development of the Private Sector (www.ICD-ps.org) are joining forces to help finance SMEs in Niger.
UAE-based GlamBox Middle East, a major player in the beauty subscription e-commerce market, has been acquired by a consortium of investors based in Saudi Arabia.
Saudi Arabia's Ministry of Communications and Information Technology (MCIT) and Virginia-based OneWeb just signed off on a memorandum of understanding to cooperate on solutions to bring much needed affordable, high-speed, low latency broadband access to those living in rural and remote areas.
The Association for the Development of Education in Africa (ADEA) has signed a Memorandum of Understanding (MoU) with the Islamic Development Bank (IsDB) in Jeddah, Saudi Arabia, to support cooperation in Africa's education sector.
Mitsubishi Hitachi Power Systems Ltd. of Japan announced that its MHPS Saudi Arabia, Co., subsidiary has opened a new Turbine Rotor Repair facility in Dammam. It also disclosed it will soon be manufacturing its most advanced gas turbines locally in Saudi Arabia in the near future.
Lancer Skincare, a luxury cosmetics brand headquartered in Beverly Hills, California, is partnering with Apotheca Beauty, a privately held distributor in the Middle East which focuses on luxury brands from around the world.
Otis Saudi Arabia has been selected to provide 256 escalators, six moving walkways and 183 machine room-less elevators for Riyadh Metro lines 4, 5 and 6.
The World Trade Organization (WTO) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), based in Riyadh, Saudi Arabia, have signed a Memorandum of Understanding to cooperate on joint trade-related technical assistance for the Less-Developed Countries.
A consortium led by ACWA, a diversified energy company based in Riyadh, Saudi Arabia, won the contract for the fourth phase of Dubai's Mohammed Bin Rashid Al Maktoum Solar Park, by far the largest single-site CSP plant in the world. It will also set a global record for the lowest renewable energy cost without subsidies or carbon credits.
Air Products, an industrial gases company based in Pennsylvania, is building a major technology center to serve the Kingdom of Saudi Arabia and the Middle East Region. Dhahran Techno Valley Company is its partner in setting up and managing the facility locally.
Pool Safe Inc., a company in Ontario that produces swimming pool safety equipment, has signed a distribution agreement with Saudi Arabia-based financial firm Alawwal Properties Corp.
Human Rights Watch and 66 other national, regional, and international NGOs (nongovernmental organizations) are demanding the United Nations Human Rights Council conduct an immediate inquiry into abuses happening right now in Yemen.
Majid Al-Futtaim, a major shopping mall, community, retail, and leisure pioneer within the Middle East, Africa and Asia, is opening the first Abercrombie & Fitch store this month at the Red Sea Mall in Jeddah.
The annual Islamic Hajj pilgrimage, which is due to begin on August 30, 2017, is already well under way. Saudi Arabia has already welcomed 1.497 million pilgrims to date.
Rehlat, an online travel company which started business only two years ago in Kuwait, has become one of the major regional players by focusing on two things most others miss: an emphasis on unique local offerings and the availability of multiple localized payment systems.
Saudi Air Navigation Services (SANS), Saudi Arabia's Air Navigation Service Provider (ANSP) and manager of one of the largest and busiest Middle East airspaces, has signed a Memorandum of Understanding with Aireon of Virginia. The MOU covers a concept of operations for space-based Automatic Dependent Surveillance-Broadcast (ADS-B), as an additional layer of surveillance.
The United Nations recently issued a warning about water to those living in the Near East and North Africa regions. Their analysis says that the per capita renewable energy availability is around 600 cubic meters per person per year, only 10% of the world average. It is calling for immediate innovation to help solve the problem, something which is getting worse fast because of accelerating climate change.
The ICD Global Sustainable Fund, designed for professional and individual investors interested in aligning investment goals with social values and responsible capital, was just launched jointly by Malaysia-based Saturna Sdn Bhd (Saturna), a wholly-owned subsidiary of US-based Saturna Capital Corporation, and the Islamic Corporation for the Development of the Private Sector (ICD).
Savage Saudi Arabia, a joint venture company between Utah-based Savage Companies and Saudi Arabia-based Ahmad Nasser Albinali Holding Company, has entered into an an agreement with Saudi Aramco, the world’s top exporter of crude oil and natural gas liquids, for a rail switching system in the country.
China Yuchai International Limited has disclosed that engines produced by its main operating subsidiary, Guangxi Yuchai Machinery Company Limited in China have won new orders for the supply of bus engines to Myanmar and Saudi Arabia.
The Saudi Arabia based Islamic Corporation for the Development of the Private Sector (ICD at www.ICD-PS.org), the private sector arm of IDB group, and JSCB "Microkreditbank", Uzbekistan, has signed a strategic collaboration arrangement to support financing of SMEs in Uzbekistan.
The Arab-Gambian Islamic Bank, Agib Bank Ltd. (AGIB.gm), and the Islamic Corporation for the Development of the Private Sector (ICD-PS.org), headquartered in Saudi Arabia, just announced they will be funding private sector companies in The Gambia, thanks to a new Joint Strategic Collaboration agreement between the parties.
The Dow Chemical Company, an American multinational chemical corporation headquartered in Michigan, recently signed two agreements to advance the company's strategic, innovation agenda in the Kingdom of Saudi Arabia.
Affiliates of Exxon Mobil Corporation, the largest publicly traded international oil and gas company, and SABIC (Saudi Basic Industries Corporation) have reached an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas.