Saudi Focus

Saudi King Salman bin Abdulaziz on March 19 launched four well-being projects worth $23 billion in the capital Riyadh mainly aimed at improving the lives of its citizens besides transforming the city into an attractive destination and making it one of the world’s most livable cities.

Prince Turki Bin Talal, the Emir of the Asir region of Saudi Arabia, has announced the launch of several infrastructure projects worth billions of dollars in the Jazan area including the development of Abha Airport and setting up of a 1,000-bed medical centre in Asir region.

Shomoul Holding Company has signed a landmark agreement with hospitality giant Hilton to develop and operate four hotels in The Avenues – Riyadh, the largest mixed-use development project in Saudi Arabia which is set to open in 2023.

Saudi Arabia has revealed details of Phase Two of its National Renewable Energy Program (NREP) that will see seven solar photovoltaic (PV) projects being developed in the kingdom which will generate 1.52 GW energy and attract investments worth over $1.51 billion.

Sadara Chemical Company has broken ground on the ethylene oxide (EO) and propylene oxide (PO) pipeline project, which will serve a key industrial cluster in PlasChem Park in Jubail. “The EO/PO pipeline transportation system will be the first of its kind in the Mena region.

Saudi Arabia’s Water and Electricity Company (WEC) has invited bids from leading consultancy firms for the provision of advisory services linked to three independent sewage treatment plant (ISTP) projects with a total capacity of 615,000 cu m per day.

Saudi-based Al Yamamah Steel Industries Company has announced that work is progressing steadily on its solar power systems factory which will start commercial operation as per schedule during the second quarter of 2019.

Saudi Arabia is set to float tenders for the construction of a 600 megawatt (MW) solar power project in the city of Makkah in bid to cater to the increasing demand for electricity and clean energy from a booming population.

Saudi Aramco has unveiled its Fourth Industrial Revolution (4IR) Centre, where technological and digital innovation is transforming the way in which the company runs its operations. A remodelled and vastly expanded office wing has been converted into the 4IR Centre at Aramco’s premises in Dhahran.

Saudi Investment Company (Sico), a leading developer, owner and operator of shopping malls in Saudi Arabia, has announced the opening of Phase One of Quwaieyah Mall, the largest shopping destination in the Riyadh Region.

Saudi Arabia’s Acwa Power, a leader in power generation and water desalination, has increased its shareholding to 74 per cent in Rabigh Arabian Water & Electricity Company (Rawec) after buying all of Marubeni’s stake.

German firm to build olive oil mill German company GEA said it has won a €3 million ($3.4 million) contract from National Agricultural Development Company (Nadec) to build a giant olive oil mill in Saudi Arabia that will be the largest in Asia. Nadec is one of the largest agricultural and food-processing companies in the region.