Baker Hughes has announced that it has secured a major contract from oil giant Aramco to expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order was booked in the third quarter.
Bahrain and Saudi Arabia have signed an agreement to facilitate certification of origin procedures for Bahrain’s industrial exports to the Saudi Arabia.
Six road development projects worth SAR831 million ($221.58 million) are underway in Saudi Arabia's Qassim region
Bahrain and Saudi Arabia have signed an agreement aimed at increasing the flow of Bahraini industrial exports into the kingdom as part of broader efforts to strengthen economic integration between the two neighbouring countries, said a report.
Saudi Arabia's Al Madinah Region Development Authority (MDA) has emerged as the only winner from the region at the Bentley Systems 2025 Going Digital Awards. MDA won the top honours for its Manarah Urban Data Platform.
The contribution of Saudi Arabia's private sector to the gross domestic product (GDP) has doubled in ten years, rising from SAR1.1 trillion ($293.31 billion) in 2016 to about SAR2.3 trillion ($613.28 billion) today, said Minister of Investment Khalid Al-Falih.
Saudi Arabia's mining exploration spending increased fivefold in four years, reaching SAR1.05 billion ($280.5 million) in 2024, up from SAR501 million ($133.5 million) in 2023, and up from SAR205 million ($55 million) in 2020, the Ministry of Industry and Mineral Resources (MIM) has announced.
Honeywell has announced the launch of a new production line of its advanced handheld mobile computers – the ScanPal EDA57 and the CT47 – at its facility in Dhahran, Saudi Arabia. The move represents another major milestone in Honeywell’s ongoing localization strategy in the kingdom.
In the first half of 2025, the Madinah Region led Saudi Arabia in hotel occupancy rates at 74.7%. An economic report revealed an average daily rate of SAR 538 ($143.45) and revenue per available room reaching SAR 402, highlighting significant growth in tourism.
Acwa Power has announced that its key affiliate - Hajar Two Electricity - has achieved a SAR10.8 billion ($2.9 billion) financial close for Qurayyah CCGT IPP Expansion Project in the Eastern Province of Saudi Arabia. Once operational, it will boast a 3,010MW capacity.
