Saudi Arabia's Ministry of Economy and Planning has announced plans to launch an AI-enabled matchmaking partnership network, SUSTAIN, mainly designed to strengthen cross-sector collaboration and accelerate the delivery of sustainable development initiatives in the kingdom.
The Knowledge Economic City has signed up ElKhereiji Commerce & Contracting to deliver the construction and electromechanical works for four residential towers within the Phase I of Al Alya mixed-use project in Riyadh. Spanning 270,000 sq m, Al Alya is one of the anchor projects at KEC featuring 2,000 residential units and other key amenities.
Saudi-based Umm Al Qura for Development and Construction Company has awarded major contracts worth SAR4.1 billion ($1.1 billion) to Mobco and BEC Arabia Contracting Company for the completion of two major development packages at its Masar Destination in Makkah city.
Metso, a global leader in sustainable gold processing technologies, has secured a major contract from Saudi mining giant Maaden to supply a gold processing plant for its Ar Rjum mine located in Makkah. The contract covers commissioning and advisory services for equipment installation.
Jadwa Investment, a leading investment management and advisory firm in the Middle East, has announced the launch of its flagship private credit fund, Jadwa GCC Diversified Private Credit Fund, with a target size of up to SAR750 million ($200 million).
Saudi-based Golden Compass for Mining Services, a geological consultancy owned by Naif Alrajhi Investment and Rasi Investment, has signed a strategic partnership deal with Thara Future Investments, in a move aimed at building a fully integrated national mining services champion in the kingdom.
Vennre, the private markets investment platform headquartered in Riyadh and London, has announced its first Saudi real estate deal through a regulated development fund within the Masar project in Makkah, thus marking a milestone in the firm’s expansion within the kingdom.
Leading Saudi developer Dar Al Arkan, in collaboration with Dar Global, has unveiled the first of its landmark Trump-branded projects in Riyadh. The Trump International Golf Club, Wadi Safar will come up on a sprawling 2.6-million-sq-m area within the mega Diriyah development.
