Saudi Focus

Saudi Electricity Company (SEC) has launched the operation of a combined cycle power plant at Waad Al Shamal mining city in the northern border region, said a report. The plant, costing over SR3.

Switzerland-headquartered Sika has opened a new production plant for concrete admixtures in Dammam in a bid to reduce lead time and reach out to more potential customers, The new factory enables the specialty chemicals firm not only to increase its production capacity but also to optimise its logistics and hence its cost structure, according to Iv

Saudi Arabia has begun work on a massive $2-billion heritage and culture tourism project at Souq Okaz City in Taif that will have heritage centres, museums, recreational areas and a convention centre, a media report said.

Saudi Arabia’s Public Investment Fund (PIF) has acquired a significant stake in the International Company For Water And Power Projects (Acwa Power), a leading developer, owner, and operator of power generation and water desalination plants.  Following the investment, PIF will become a 15.

Turuq Najd, a road construction contractor based in Saudi Arabia, is looking to boost its fleet of Dynapac machines to handle the increasing number of jobs it is handling on the expansion of the country’s road network. The contractor has been using Dynapac equipment for more than 20 years on several challenging projects.

Assa Abloy Security Solutions Middle East (Assa Abloy) and Saudi-based Universal Building Materials (UBM) have launched a smart, BIM (building information modelling)-enabled product specification tool that helps users create complete and tailored door opening solutions.

McDermott International has won a sizeable contract from Samsung Engineering Saudi Arabia Company for engineering, procurement and construction (EPC) of storage tanks for Jubail United Petrochemical Company’s (JUPC) ethylene oxide (EO)/ethylene glycol (EG) Plant Three in Jubail.

Acciona Agua, a leader in providing sustainable solutions for infrastructure and renewable energy projects, said it has been awarded a €200-million ($234 million) contract by Saline Water Conversion Corporation (SWCC), a Saudi government corporation, to build a desalination plant in Al Khobar.

US-based KBR has been awarded a contract to develop part of a crude-oil-to-chemicals (COTC) complex, which is being developed jointly by Saudi Aramco and the Saudi Basic Industries Corporation (Sabic). KBR will provide the front-end engineering and design for the downstream petrochemicals and chemicals component within the COTC master complex.

Terex’s RT 90 rough terrain crane was recently put to the test on a heavy-duty lifting job at a work site in Abqaiq, Saudi Arabia.

Cement firms ‘may see revenue drop’ Saudi Arabia’s cement sector is expected to witness a drop in revenue in the second quarter (Q2) of the year, according to a report released by Al Rajhi Capital, a leading financial services provider in the kingdom.