Saudi Focus

Mexican movie chain Cinépolis has announced plans to develop 63 new cinema theatres across Saudi Arabia in the cities of Riyadh, Jeddah, Dammam, Jazan and Najran over the next two years.

Abdul Latif Jameel Land, a leading residential and commercial real estate developer in Saudi Arabia, has broken ground on Dari Q, a major residential project, featuring 158 premium two- to four-bedrooms apartments located in north Jeddah.

Saudi Arabia’s Saudi Water Partnership Company (SWPC) – formerly Saudi Arabia’s Water & Electricity (WEC) – said a total of 43 leading utility developers or developer consortiums from across the globe have submitted bids for the development of an independent water and power project (IWPP) coming up at an area 18 km south

Ten leading utility developer consortiums led by top global players including FCC, Cobra and GS Inima (from Spain), Suez and Veolia (France) besides Emirati group Utico and Japan’s Marubeni have been prequalified by Saudi Water Partnership Company (SWPC) for the Yanbu-4 independent water project (IWP).

Al Kathiri Holding Company said one of its subsidiary companies, Alian Industry Company, has won initial approval from Saudi Industrial Development Fund (SIDF) to finance the construction of the factory that will manufacture an advanced building system with the help of Italian technology in Sudair city.

Ineos, a leading manufacturer of petrochemicals, specialty chemicals and oil products, has signed  agreements with state oil giant Saudi Aramco and French energy major Total to build three new plants in Jubail.

Silk Road Fund (SRF), a state-owned investment fund of the Chinese government, has reached an agreement with Saudi-based Acwa Power, a leading developer, owner, and operator of power generation and water desalination plants, to buy 49 per cent of the shares in its renewable energy platform – Acwa Power Renewable Energy Holding (Acwa Power Ren

Saudi Arabia’s multi-billion-dollar Qiddiya Entertainment City project will be entering the construction phase within the next few months, reported the Saudi Gazette, citing a top official.