Saudi EXIM Bank strikes agreement with ITFC
Saudi EXIM Bank has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) to implement a $25 million financing line for Habib Bank Limited (HBL) in the Islamic Republic of Pakistan. This move intends to develop export opportunities for the Kingdom’s Small and Medium Enterprises (SME) sector to export non-oil products to the […]
Riyadh Cables wins big supply contract for Dubai solar project
Saudi-based Riyadh Cables Group said it has entered into a deal with India’s top engineering and construction conglomerate Larsen & Toubro (L&T) to supply high voltage alternating current (HVAC) cable system for a major solar project in Dubai. As per the AED160 million ($43.5 million) L&T contract, Riyadh Cables will be responsible for the manufacture, […]
Mawani to set up ship anchorage areas at Saudi industrial port
Saudi Ports Authority (Mawani) has announced plans to establish new ship anchorage areas at King Fahad Industrial Port in Yanbu, as well as the upgradation of existing ones. These developments aim to offer various logistical services, including supplying ships with provisions, fuel, and other supplies, along with providing ship maintenance services, said a statement from […]
Alucor wins contract for landmark Saudi desalination project
Alucor, a leading EPC contractor in the Middle East region, has announced a strategic collaboration with Doosan, a South Korean multinational conglomerate corporation, for the Shuaibah 3 IWP, a landmark seawater reverse osmosis (SWRO) desalination project in Saudi Arabia. As per the deal, Alucor will be providing mechanical, electrical, and instrumentation installation for Shuaibah 3 […]
Acwa Power to set up new tech centre for clean energy at KACST
Acwa Power, a leading Saudi developer of power and desalination projects, has signed an agreement with King Abdulaziz City for Science and Technology (KACST) for the establishment of a new clean energy and water desalination technologies development centre within its campus. The new ‘Clean Energy and Water Desalination Technologies Development Center’ aims to conduct studies […]
