Technology & IT | Saturday 18 May, 2024 7:09 am

EXPRO unveils online market for public products procurement via Etimad platform

The Expenditure and Project Efficiency Authority (EXPRO) unveiled an online market in Saudi Arabia for the purchase of products and services for government agencies via Etimad platform.   The move was taken in cooperation with the National Center for Government Resources Systems, Al...

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Business & Money | Saturday 18 May, 2024 7:08 am

Saudi Arabia aims to boost investment in manufacturing sector: Official

The Ministry of Industry and Mineral Resources seeks to increase investment in the manufacturing sector and tap the rapid growth in the Kingdom, said Khalil bin Salamah, Deputy Minister for Industry Affairs.   In a statement, bin Salamah added that the ministry seeks to maximize...

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Business & Money | Saturday 18 May, 2024 7:07 am

Saudi Arabia bans imports from 20 automakers

he Saudi Standards, Metrology and Quality Organization requested the Saudi Ports Authority (Mawani) to ban the entry of imports from 20 automakers to the Kingdom.  The move was taken after the automakers failed to submit the 2024 supply plan within the specified time, Mawani said in a...

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Technology & IT | Saturday 18 May, 2024 6:24 am

Zain KSA to invest SAR 1.6 billion for 5G network expansion in the Kingdom

Zain KSA is injecting SAR 1.6 billion to expand its infrastructure, 5G network, and digital services ecosystem. Part of an integrated expansion plan, this step aligns with Zain KSA’s strategy to achieve digital inclusion across the Kingdom and enable an advanced digital infrastructure that...

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Business & Money | Thursday 16 May, 2024 7:26 am

NEOM workers reach 140,000, to hit 200,000 in 2025: CEO

There are about 140,000 construction workers currently working around the clock in the NEOM project, said CEO Nadhmi Al-Nasr. In his speech at the Saudi-British Great Future Initiative Conference in Riyadh, Al-Nasr expected that the number of project workers will rise to 200,000 next...

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Business & Money | Thursday 16 May, 2024 7:12 am

Steel Pipe wins SAR 138.6M contract with Aramco

Saudi Steel Pipe Co. (SSP) was awarded a contract to supply oil and gas steel pipes to Saudi Aramco, with an estimated value of SAR 138.6 million. The contract is valid for 12 months, the pipe manufacturer said in a statement to Tadawul, noting that there are no related parties to the...

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Business & Money | Thursday 16 May, 2024 7:09 am

Balady Poultry inks SAR 81M deal for processing equipment supply

Balady Poultry Trading Co. signed, on May 13, a contract with BAADER Food Systems Denmark Co. for the supply of processing equipment for the poultry meat factory at a total value of SAR 81 million. In a statement to Tadawul, the company said that the contract’s term is 24 months, noting that ...

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Business & Money | Wednesday 15 May, 2024 10:29 am

Arabian Pipes, Saudi Aramco sign SAR 107M contract

Arabian Pipes Co. signed today, May 14, a SAR 107 million contract to supply pipes from its factories to Saudi Arabian Oil Co. (Saudi Aramco). The contract duration is 10 months, the company said in a statement to Tadawul, expecting the financial impact to appear during the first and ...

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Business & Money | Tuesday 14 May, 2024 7:18 am

Sipchem’s affiliate signs agreements to refinance SAR 1.53B outstanding loan

Sahara International Petrochemical Co. (Sipchem) said that its affiliate, Sahara and Ma'aden Petrochemicals Co. (SAMAPCO) signed Islamic facility agreements to refinance its SAR 1.53 billion outstanding syndicated loan with Banque Saudi Fransi and Al Rajhi Bank. These agreements also cover a...

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Tourism & Hospitality | Monday 13 May, 2024 10:03 am

GACA to increase general aviation sector’s GDP contribution tenfold by 2030

The General Authority of Civil Aviation (GACA) plans to unveil a general aviation roadmap at the 2024 Future Aviation Forum (FAF 2024), which takes place in Riyadh on May 20–22, with the goal of increasing the general aviation sector's GDP contribution by tenfold to $2 billion by 2030. The...

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