Saudi Focus

Mabani Steel, a unit of leading Saudi business entity Al Rajhi Holding, has announced that it has been awarded a major contract to provide steel structure solutions for the King Avenue Mall project in Jeddah.

Saudi government has invited tenders from leading regional and global companies for designing, constructing and maintaining 60 schools of different ranges – starting from kindergartens to secondary schools – in the Jeddah and Makkah regions of the kingdom, said a report.

Saudi Basic Industries Corporation (Sabic) said it has joined hands with US-based Celanese Corporation, a global technology and specialty materials company, to start work on its 50,000-tonne polyacetal plant in Jubail Industrial City.

The Saudi government will be setting up a solar energy plant in the Taif region as part of its ambitious SR11-billion ($3.1 billion) development plan for the city located in the Makkah province of the kingdom.

Saudi Arabia, the world’s biggest oil exporter, will be awarding contracts for the construction of its first nuclear-power plants by the year-end, said a report.

Electronic and Electrical Industries Corporation (EEIC), a power and automation solutions provider and a subsidiary of Abunayyan Holding, has won a major supply contract for the Fadhili gas plant project in Saudi Arabia. A greenfield development, the Fadhili gas plant is being developed at an investment of SR50 billion ($13.

Leading construction giant Saudi Binladin Group (SBG) has asserted that it remains a private sector company owned by its shareholders amid reports that some of them may transfer their shares to the government as part of a financial settlement with authorities.

CallisonRTKL said ground has been broken in Riyadh for the new headquarters of Saudi British Bank (SABB), a 135-m-tall tower designed by the global architecture, planning and design firm.

EFS wins FM deal for KAEC EFS Facilities Services, a regional leader in facilities management (FM) services, has been awarded a SR13-million ($3.46 million) integrated facility management contract at King Abdullah Economic City (KAEC).