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.
Saudi-based Umm Al Qura for Development & Construction Company has announced that its landmark urban project - Masar Development - in Makkah city has been awarded LEED Gold certification, one of the highest international certifications in sustainability and built environment.
HUMAIN, a Saudi Public Investment Fund (PIF) Company, and the National Infrastructure Fund (Infra) have announced a Strategic Financing Framework Agreement of up to $1.2 billion to support the expansion of AI and digital infrastructure projects in Saudi Arabia.
Saudi Electricity Company (SEC) has signed an Energy Conversion Agreement (ECA) with the Saudi Power Procurement Company (Principal Buyer) for the purchase of energy produced from the SAR5.33 billion ($1.4 billion) Rabigh 1 Expansion Power Plant.
