Saudi Arabia’s TAHAKOM strikes MoU with Huawei
The Saudi Technology and Security Comprehensive Control Company (TAHAKOM) has signed a Memorandum of Understanding (MoU) with Huawei to drive Local Content and Sustainability initiatives in the Kingdom. Under the MoU, Huawei and TAHAKOM will combine forces to foster Public Safety and Smart Mobility to pave the way for a sustainable future. This partnership between […]
Global hybrid cloud provider IBM opens regional HQ in Riyadh
IBM, a leading provider of global hybrid cloud, AI and consulting expertise, has inaugurated its regional headquarters in Riyadh. IBM’s regional headquarters expands IBM’s presence in the Kingdom and reiterates the company’s commitment to accelerating Saudi Arabia’s digital transformation. Since IBM established its presence in Saudi Arabia in 1947, the company has worked side-by-side with […]
SABIC finalizes investment decision for Fujian Ethylene Project
The Saudi Basic Industries Corporation (SABIC), the leading global company in diversified chemicals and a 70 percent-owned company by energy giant Saudi Aramco, has endorsed the final investment decision (FID) for the SABIC Fujian Petrochemical Complex Project to be established in Fujian Province, China. SABIC Fujian Petrochemical Company Limited, based on a 51 percent to […]
Knowledge Economic City inks contract with consortium of 3 companies
The Knowledge Economic City has signed a contract with a consortium of three companies in order to build a chilled water district cooling plant, where the consortium’s services would be based on a Build, Own, Operate, and Transfer (BOOT) model. The three companies are City Cool, Johnson Controls Arabia (JCA), and ADC Energy System. The […]
Saudi Arabia’s SABIC gives go-ahead for $6.4bn China petrochemical plant
Saudi Basic Industries Corp (SABIC) will go ahead with building a petrochemical complex in southeastern China’s Fujian province, the company said in an exchange filing on Sunday, shoring up Saudi ties with China, the world’s top oil importer. The project, expected to cost around $6.4bn, will be developed in a joint venture with state-owned Fujian […]
Saudi Arabia to host World Economic Forum special meeting
The Kingdom of Saudi Arabia will host a two-day World Economic Forum (WEF) Special Meeting in the capital Riyadh that will focus on global cooperation, growth and energy. To be held on April 28, the high-level event is part of a landmark agreement between Saudi Arabia and the Forum. The gathering will convene more than […]
