Several major projects and decisions were announced during the fourth meeting of the Bahraini-Saudi Coordination Council, co-chaired by HRH Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, and HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia.
Saudi Arabia’s Social Development Bank (SDB) provided financing worth SAR8 billion ($2.13 billion) to individuals and entrepreneurs across various sectors and segments in 2025.
Saipem, a global leader in the engineering and construction of major projects, has secured $600 million offshore contracts from Saudi oil giant Aramco. The scope of work includes EPCI services for 34km of pipeline as well as 300m of onshore pipeline network in Saudi Arabia.
Serco has appointed Maryam Alamasi as the new Head of Corporate Services for Saudi Arabia. An industry veteran, she has more than 18 years of experience in digital transformation, enterprise architecture and large-scale programme delivery.
Saudi Arabia has seen a year-on-year decline in the unemployment rate, which reached 7.5% among Saudis in the third quarter of 2025, down 0.3 percentage points compared with the same period in 2024, said a General Authority for Statistics (GASTAT) report.
Global automation major ABB has signed an agreement with Saudi Arabia's National Industrial Development Center (NIDC) to set up an academy to focus on developing local talent and improving the skills of the kingdom’s future workforce.
The Kingdom of Saudi Arabia is projected to generate SAR1.15 trillion ($310 billion) in revenue in 2026, up 5.1% over the 2025 estimate, underscoring the gains from the country’s ongoing economic diversification agenda, said a report.
Saudi mining giant Maaden has entered into an agreement with Australian group Midana Exploration (Hancock) to set up a new joint venture for conducting mineral exploration, development and mining in licensed areas across the kingdom.
Huawei Cloud brought together more than 150 partners from across Saudi Arabia at its Saudi Arabia Partner Day, Recruitment & Appreciation Gala at the InterContinental Riyadh.
Linxon has announced that it has secured a series of turnkey orders for 380/110/13.8kV substation projects in Saudi Arabia. A global engineering, procurement and construction company, Linxon is a joint venture between AtkinsRéalis and Hitachi Energy.
