The State Properties General Authority (SPGA) and the National Center for Privatization & PPP (NCP) have announced the qualification of eight companies and consortiums to participate in the tender for the Quality Valley Riyadh Project, a major mixed-use development planned on the headquarters site of the Saudi Standards, Metrology and Quality Organization (SASO) in Riyadh.
Saudi energy services company Tarshid has completed the second phase of an energy efficiency retrofit project at the Islamic University of Madinah, covering 43 buildings and facilities. It involved upgrades to cooling, AC and lighting systems aimed at improving energy efficiency.
Work is moving at a steady pace on the Miraf District, a premium mixed-use project being developed by Refad Real Estate Company on a 42,000 sq m area at Al Khobar in the kingdom's Eastern Province, with the project on track for handover in 2029.
Saudi-based Masah Contracting Company has announced that it has won the construction deal for Ajdan Infiniti Tower T2, a 40-storey residential development located in Al Khobar in the kingdom's Eastern Province. The entire contract work will be completed within two to three years.
Shaker Group, a leading manufacturer and distributor of air conditioners and home appliances in Saudi Arabia, has reported SAR743.1 million ($198.2 million) revenue for the first half, down 3.4% from the same period last year, mainly due to a decline in its HVAC solutions business.
Saudi-based SAL Logistics Services Company said it has completed the acquisition of 100% stake in leading Belgian ground handling and cargo company Aviapartner Liege, thus marking its first operational presence outside the kingdom and expanding its network to 20 stations.
Saudi Arabia's National Company for Glass Industries (Zoujaj) has announced that it has resumed operations at a production line that was damaged by a fire last year, while raising its estimate of repair costs and business interruption losses.
Saudi-listed ASG Plastic Factory Company has announced that construction of its fourth expansion project at Sudair Industrial and Business City is expected to begin by the end of the third quarter, with commercial production targeted for the first quarter of 2028.
Saudi-listed Mohammed Hassan Al Naqool Sons has announced that its key subsidiary, Sadan Industrial Company, has signed an agreement with Saudi Diesel Equipment Company to purchase a fleet of 50 Daewoo trucks as it expands its transportation and logistics business.
Business activity across the Saudi construction sector gained considerable momentum in June, supported by stronger performances across residential, non-residential structures (office/commercial, institutional, industrial) as well as infrastructure (transportation, energy/utilities), said a report.
