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Saudi Arabia unveils $1 trillion infrastructure investment planSaudi Arabia's non-oil sector is poised for substantial growth over the next two years, mainly driven by the expansion of prime industries, said its economy and planning minister. Faisal Alibrahim was speaking at the Public Investment Fund (PIF) Private Se More… |
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German group to build big heat exchanger facility in DubaiJebel Ali Free Zone (Jafza) has announced that it has signed an agreement with leading German technology group Allied Heat Exchange AG (A-HEAT) to develop the largest heat exchanger production facility in the GCC. Spanning 1.2 million sq ft, the built-to-suit More… |
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Brady Corp opens new production facility in DammamBrady Corporation today (February 13) opened a new facility in Dammam, Saudi Arabia, that will be manufacturing pipe markers, signs and identification labels for Middle East construction contractors as well as oil, petrochemical and F&B companies. He More… |
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ASRY allocates repair berth for building material shipmentsThe Arab Shipbuilding and Repair Yard (ASRY) has designated one of its repair berths to handle large shipments of construction materials, working with the Bahrain's Ministry of Industry and Commerce, the Ministry of Works, and the Ministry of Transportation and Telecommunications, along w More… |
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Aramco executive elected to US National Academy of EngineeringSaudi oil giant Aramco has announced that its Downstream President Mohammed Y. Al Qahtani has been elected as an international member of the prestigious US National Academy of Engineering (NAE). Al Qahtani is the first Saudi citizen elected to the NAE since its foundation in 1964. More… |
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Global firms setting up Saudi HQ doubles to 600; nets $320bn FDISaudi Arabia has announced tremendous response from global companies for its growth story with nearly 600 firms set to open their headquarters in the kingdom. The number of registered investment licences surged from 4,000 in 2018-19 to 40,000 in 2024, wh More… |
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LEAP25 ends on a successful note; nets $15bn in key investmentsThe fourth annual LEAP25 conference, the region's premier technology event, concluded yesterday (February 12) at the Riyadh Exhibition and Convention Center in Malham under the theme "Into New Worlds." The conference marked another success for th More… |
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PIF buys key stake in Saudi building materials companySaudi wealth fund PIF yesterday (February 13) announced the acquisition of a 30% stake in Masdar for Building Materials Company (Masdar), a leading local company specialising in the trading and distribution of building materials. The acquisition was made by way of subscribi More… |
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Modon Holding delivers solid 2024 results; net profit hits $2.5bnAbu Dhabi-based Modon Holding has announced that it has achieved exceptional growth in its full-year results for 2024, driven by strong performance across its four key sectors: real estate, asset management and hospitality as well as tourism and events. The re More… |
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Satys aircraft paint facility opens in Dubai SouthMohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai dedicated to the advancement of the aviation industry, has inaugurated a new state-of-the-art facility for Satys, the French group specialised in aircraft painting, sealing, and manufacturing interiors at Dubai South. More… |