Saudi Crown Prince HRH Mohammed Bin Salman, the Deputy Prime Minister and Minister of Defence, has announced plans to build 53,000 new residential units in the north of capital Riyadh and transfer their ownership to the Ministry of Municipal and Rural Affairs and Housing, reported Saudi Press Agency (SPA).

Saudi Water Partnerships Company (SWPC) has announced that it has received bids from leading utility project developer consortiums for the setting up of two independent sewage treatment projects (ISTPs) in the kingdom with a total capacity of 240,000 cu m per day.

AMC Entertainment Holdings, one of the world’s largest movie exhibition companies, has announced the opening of its ninth location in Saudi Arabia at Jeddah’s Stars Avenue shopping mall. It is a first for AMC Cinemas in the kingdom’s west coast city, said the company.

Saudi Arabia has announced the installation of two giant cooling plants inside the Grand Mosque in Makkah. The Ajyad station has a production capacity of 35,300 refrigeration tonnes (RT) while a new central station has a capacity of 120,000 RT, reported Saudi Press Agency.

LG Electronics (LG) and Al Hassan Ghazi Ibrahim Shaker Company (Shaker), a leading Saudi-based manufacturer and distributor of air-conditioners and home appliances, have announced plans to upgrade their air-conditioner production facility in Riyadh with innovative automation technology.

In a major move, Saudi Arabia has granted permission to companies listed on the Saudi Stock Exchange (Tadawul) to buy real estate in Makkah and Madinah.

Spanish infrastructure group Cobra, along with its consortium partner Saudi-based International Water Distribution Company (Tawzea, has begun work on a major independent wastewater project in the Taif region, said the project developer Saudi Water Partnerships Company (SWPC).