Saudi Focus

State oil giant Saudi Aramco has announced plans to set up a comprehensive engine and pump business co-operation framework in a joint collaboration with Saudi Arabian Industrial Investments Company (Dussur) and Korea-based Hyundai Heavy Industries (HHI).

In a major move, the Saudi Public Transport Authority (PTA) has opened its doors for the private sector, inviting global pioneering companies to partner in the construction and operation of railways in the kingdom, said a report.

US-based Dow Chemical Company has announced plans to construct a state-of-the-art manufacturing facility to produce a range of polymers for coatings and water treatment applications in Saudi Arabia at an investment of over $100 million.

Work on the massive North Jeddah Corniche project, which is being implemented at a cost of SR800 million ($213 million), is in full swing with nearly 80 per cent of the development already completed, according to a report.

King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, has announced the handing over of land plots in Phase Five of the Al Talah Gardens district, more than six months ahead of schedule. The popular Al Talah Gardens district is being developed as a premium residential community in five phases.

Sadara launches its amines facility Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has started up its amines plant.

The first phase of the proposed Industrial Energy City project in the Eastern Province of Saudi Arabia is expected to be completed in 2021. It will spread over an area of ​​approximately 50 sq km with its first phase covering about 12 sq km.

Saudi-based Universal Building Materials Merchants Company (UBM) has signed a strategic alliance agreement with Assa Abloy Security Solutions Middle East (Assa Abloy), a leading manufacturer of door opening solutions across the globe.