Neom, an ambitious project to be built in northwestern Saudi Arabia on the Red Sea coast, has entered the first phase of actual development after preparation works to develop the infrastructure of the first residential area was accelerated.

Bounce Middle East, a leading trampoline park operator in the UAE, has announced plans to build the world’s first female-only trampoline park in Riyadh.

The Saudi government has signed three landmark agreements worth nearly $14 billion for implementing mega railway projects on the sidelines of the Future Investment Initiative 2018 in Riyadh last month, reported state news agency SPA.

Abunayyan Trading has announced that it is now the dealer for JCB access platforms and Clark forklifts in Saudi Arabia. With the acquisition of these new agencies, the company said it will expand its range of services in the logistics area to meet the increasing customer demand.

South Korea’s construction giant Daelim Industrial Company has been awarded a SR3.4-billion ($892 million) contract by Saudi Arabian Mining Company (Ma’aden) to build the first plant in its third large-scale phosphate complex (Phosphate 3) in the kingdom.

Designers of high-profile commercial projects in Saudi Arabia are specifying lead-free bronze gate and ball valves manufactured by US-based Nibco, said its distributor in Saudi Arabia Universal Building Materials Merchants Company (UBM).

Saudi Aramco, a leading global energy company, and French oil and gas major Total have signed a joint development agreement for the front-end engineering and design (FEED) of a giant petrochemical complex in Jubail.