UAE-based tech and defence group EDGE has signed an agreement with Morocco to establish a framework to identify local production opportunities for high-performance small arms and aeronautical engines in the kingdom, through partnerships with Moroccan companies.
Bahrain has invited bids from leading developers for setting up a multi-storey factory complex in Salman Industrial City catering to SMEs, said a report. The winning bidder will sign a lease deal with the ministry for its industrial units and will also be responsible for site development as well as construction of the complex.
Saudi Readymix has signed an agreement with ClimateCrete (a King Abdullah University of Science and Technology [KAUST] spinout) - supported by the Oil Sustainability Program (OSP) - to test and use re-engineered construction and drilling waste sand in sustainable concrete mixes across Saudi Arabia.
Hamad Mohammed Bin Saedan Real Estate said it has signed a deal with Bloom Investment Saudi to establish a real estate investment fund focused on warehouses in Riyadh. The new 'HS Logistics Fund' will aim to acquire prime plots spanning about 130,276 sq m in the Saudi capital for these logistics projects.
Saudi-based Al Yamamah Steel Industries Company has signed two agreements with Algihaz Contracting Company to deliver steel towers for a project involving the construction of 380kV ultra-high-voltage transmission lines in the kingdom's Western Region.
Saudi Arabia Railways (SAR) has announced that it has signed an agreement with top Swiss rolling-stock manufacturer Stadler to purchase 10 new passenger trains for over CHF300 million ($360 million). This doubles the fleet of vehicles specially developed for Saudi Arabia to 20 train sets.
Saudi Arabia and the UAE signed a memorandum of understanding (MoU) in Riyadh on Thursday to strengthen strategic cooperation to advance railway connectivity between the two countries.
Saudi Arabia-based GAS Arabian Services Company has announced that it has secured a key contract from the Saudi Power Procurement Company (Principal Buyer) to deliver engineering, procurement, installation, testing and commissioning services for the Ghazlan 1 Sales Gas Delivery System.
Saudi Arabia’s first automotive company CEER has officially opened its inaugural mobile store in Diriyah, Riyadh, thus marking the beginning of its nationwide retail rollout. The store serves as the premier showcase for the first Saudi-made vehicles fully designed, engineered, and manufactured in the kingdom.
Saudi food and beverage company Almarai has announced plans to invest more than $4 billion through 2031 as part of a new growth strategy focused on expanding capacity, entering new categories and increasing its presence in priority markets.
