Saudi Arabia Tender and Business News

MHPS Opens Turbine Rotor Repair Facility in Saudi Arabia

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.

New Solar Installation in Dubai Boasts Lowest Non-Subsidized Solar Cost Anywhere

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 Sets Up Technology Center in Saudi Arabia

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.

Yemen's Abuse of Its People Has Run for Long Enough

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.

Saudi Air Navigation Services Signs MOU to Develop Space-Based Surveillance

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.

Renewable Water Sources Growing Scarcer in North Africa and Middle East

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.

ICD and Suturna Sdn Bhd Establish Sustainable Development Investment Fund

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).

Saudi Arabia-Utah JV to Provide Rail Switching Operations in Saudi Arabia

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.

ICD Provides Arab Gambian Islamic Bank with $5M Line of Finance Facility

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.

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