Leading serviced residence owner-operator The Ascott is continuing its strong growth in the Middle East by inking contracts to manage its first two serviced residences in Al Khobar, one of the main metropolitan cities in Saudi Arabia.
Swiss-Belhotel International, a leading hospitality chain, has signed a new four-star hotel in Al Khobar, marking its first property in the Eastern Province of Saudi Arabia.
Swiss-Belhotel International chairman and president Gavi
Saudi Arabian construction company Mohammad Al Mojil Group (MMG) plans to start legal action to collect dues and claims worth more than 400 million riyals ($107 million), it said on Sunday.
The company said it would take legal act
State-controlled Saudi Electricity Company (SEC) plans to build a new oil fired power plant in Jeddah over the next four years, two industry sources said on Wednesday.
The 2,400-megawatt (MW), heavy fuel oil burning plant is expected to b
A Kuwaiti and Saudi joint venture is close to awarding contracts to recover gas from their shared Hout oilfield, with US-based McDermott International and South Korea's Daewoo Engineering the lowest bidders, industry sources said.
State-controlled Saudi Electricity Co (SEC) will sign a SR10.7 billion ($2.85 billion) power deal with a consortium that includes South Korea's Samsung for construction of the Qurayyah plant, it said on Monday.
Al-Qurayyah, south of th
State oil giant Saudi Aramco has given engineering firms a fresh date to submit bids to build Saudi Arabia's biggest gas plant, industry sources said on Saturday.
Wasit would be designed to process 2.5 billion cubic feet per day (cfd
A Saudi-Kuwaiti joint venture has extended to October 11 the bidding for the construction of gas and natural gas liquids (NGL) distribution facilities at Khafji oilfield, the company said.
Al-Khafji Joint Operations Co (KJO) said on its we
Saudi Aramco and Exxon Mobil plan to shut their 400,000 barrels per day (bpd) Yanbu refinery in 2013 to bring on stream a new clean fuel project, an industry source said on Saturday.
Exxon and Aramco are investing $2.5 billion to reduce su
A service contract for an oilfield Saudi Arabia shares with Kuwait is likely to be split between two of the largest oil services firms Schlumberger and Halliburton, industry sources said.
Neither company was available to comment.