Saudi IT investment set to hit $13 billion
Saudi Arabia's volume of investment in information technology (IT) is expected to soar to 13 billion, according to a source ...
Country: Kingdom of Saudi Arabia
Saudi Arabia leads in Middle East FDI
Saudi Arabia, Qatar and the UAE accounted for 62 percent of the total foreign direct investment (FDI) projects in the ...
Saudi Electricity Company posts $768 million profit
The Saudi Electricity Company (SEC) has posted a 32 percent rise in third-quarter net profit, beating analyst forecasts. The utility ...
Ma’aden gets $320 million financing for aluminum project
Saudi Arabian Mining Co (Ma’aden) said it had signed financing agreements worth $320 million with a Saudi government fund to ...
Aviation integral part of Saudi economy
Commercial aviation is a critical component of the Saudi economy, providing 1.8 percent of the Kingdom’s GDP or SR30.2 billion ...
Saudi Aramco to invest $35 billion in oil projects over 5 years
Saudi Aramco plans to invest $35 billion over the next five years in projects to protect an oil production capacity ...
Jubail-Dammam rail contracts to be awarded this year
Saudi Arabia is expected to award contracts for construction of the planned 115-km (72-mile) rail link between its industrial city ...
Hyundai to build $3.2 billion Saudi power plant
South Korea's Hyundai Heavy Industries said it had won a $3.2 billion order to build a thermal power plant in ...
Samsung Engineering wins Aramco lubricants JV expansion
South Korean group Samsung Engineering is to double the capacity of a Luberef oil lubricants refinery in Yanbu that is ...
Saudi Cement profit up 7.3%
Saudi Cement Co. posted a 7.3 percent rise in its third-quarter net profit thanks to higher local demand, it said ...
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