EDF International Regional Headquarters (EDF RHQ) has announced a strategic agreement with droppRWA, a technology leader at the forefront of the Real-World Asset, that will see the duo explore pioneering blockchain-based solutions for the energy sector in the Kingdom of Saudi Arabia.
Seequent, the Bentley Subsurface Company, has announced that it is partnering with some of the leading universities and research institutions across the Kingdom of Saudi Arabia to launch qualified degree courses to help boost students' geotechnical modelling skills.
Linxon, a global engineering, procurement, and construction company, has completed the work on the Taibah 380 kV Bulk Supply Point (BSP) substation and handed it over to the Saudi Electricity Company (SEC), marking a significant milestone in boosting Madinah’s power grid capacity.
Saudi oil giant Aramco has announced the launch of its 98-octane gasoline product, which will begin supplying in January 2026 as part of efforts to expand consumer fuel options and diversify its product portfolio without affecting existing products in the market.
Saudi finance ministry has acquired an 86% stake in Saudi Binladin Group Holding after the company’s AGM approved a capital hike through conversion of outstanding debt into shares. Under the restructuring, the group’s liabilities are estimated at SAR23.3 billion ($6.2 billion).
Saudi Aramco Base Oil Company (Luberef) has announced that it has signed an agreement with global oil major Aramco for setting up a base oil plant within its refinery in Jazan city. The deal establishes the framework for technical, commercial, and operational assessments of the project.
Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced the opening of the second phase of the Tamer Mölnlycke Care factory in Jeddah. A strategic joint venture of Swedish medical device company Mölnlycke, it will see the production grow two-fold to 500,000 per year.
Leading global manufacturers, investors and senior government officials will be in the Saudi city of Dammam for the Heavy Equipment Connect Forum & Expo, a major event that serves as a catalyst for partnerships driving the kingdom’s next generation of infrastructure and manufacturing capacity.
Lockheed Martin has opened a major software factory in Riyadh to introduce the global defence major’s hitech software development ecosystem to the kingdom. Also it is setting up an in-country Talent Studio to boost digital and enterprise capabilities within the Saudi workforce.
Saudi-based AlMeer Saudi Technical Services has announced that it has secured a long-term maintenance services contract from Al Khafji Joint Operations (KJO), a joint venture between Kuwait Gulf Oil Company and Aramco Gulf Operations Company (AGOC), for its vital offshore operation facilities.
