The Red Sea Development Company, a wholly-owned entity of Saudi Public Investment Fund (PIF), has unveiled the masterplan of its mega luxury tourism project, which will see 22 islands being developed to provide premium facilities for tourists as part of the project that is expected to create an estimated 70,000 jobs.
SaudiI Arabia-based Advanced Electronics Company (AEC), a Saudi Economic Offset Program Company, has signed a memorandum of agreement (MoA) with Honeywell for collaborating on business development activities for smart and connected buildings, smart cities and critical infrastructure protection (CIP) in the kingdom.
Prysmian Group, a global leader in the energy and telecom cable systems industry, has signed a non-binding MoU for technical co-operation in the field of power grids monitoring services with GCC Electrical Equipment Testing Laboratory (GCC Lab), a testing facility for power transmission and distribution cables and accessories located in Dammam
Saudi authorities have started work on the new Qunfudah Airport, the fourth one for the Makkah region and 28th in the kingdom. The airport, to come up on a 24-million sq m area, will be able to accommodate half a million passengers annually, and handle five flights per hour, said the Saudi Gazette.
Global mega-sporting events specialist Losberger De Boer said it has undertaken a major contract from the Saudi government to build the temporary structure for the inaugural electric Grand Prix held at the Riyadh City Race Circuit last month.
DuPont Water Solutions, a part of the DuPont Safety and Construction business, recently opened its new reverse osmosis (RO) production line in Saudi Arabia.
UAE-based fit-out contractor A&T Group Interiors is set to open two new offices in the Saudi cities of Jeddah and Riyadh as part of its regional expansion plans. The launch also coincides with the group’s first F&B (food and beverages) contract win in the kingdom, said the company.
Saudi Arabian Mining Company (Ma’aden) said one of its subsidiaries, Waad Al Shamal Phosphate, has started commercial operation of its diammonium phosphate plant located at Ras Al Khair city.
