HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), has announced the launch of Soudah Development Company (SDC) in the Asir region of Saudi Arabia.

Alfanar, a leading Saudi manufacturer of electrical and construction products, has signed a co-operation agreement with state oil giant Aramco which is aimed at boosting localisation, innovation, digitisation ‎and sustainability in the kingdom.

Metito, a global leader in the provision of total intelligent water management and alternative energy solutions, has been awarded a contract by Sepco Electric Power Construction Corporation (Sepco III) to develop the Jubail-II SWRO 400,000 cu m/d seawater desalination plant project.

Naqel, one of the largest domestic logistics service providers in Saudi Arabia, has created through its subsidiaries in Europe, the Speed Box, which offers integrated logistics services door to door from all the European Union cities to all the cities of the kingdom.

Saudi Railways Company (SAR) has announced that work is in full swing on all its major infrastructure developments, including the Land Bridge project that links the seaports on the Red Sea coast to those on the coast of the Arabian Gulf via Riyadh, reported Saudi Gazette.

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project coming up in Saudi Arabia, said it has been awarded ISO31000:2018 certification for its risk management standards.