Aramco last month announced a major expansion of its industrial investment programme, Aramco Namaat, with the signing of 22 new memoranda of understanding (MoUs) and one joint venture agreement focused on capacity building in four key sectors: sustainability, technology, industrial and energy services, and advanced materials.

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project in Saudi Arabia, said steady progress is being made on its airport project which is racing ahead of schedule and is fast approaching the half-way mark.

The first fibreglass rebar facility in Saudi Arabia, IKK Mateenbar was recently opened. It will manufacture and supply corrosion-free fibreglass rebar for infrastructure projects in the kingdom, as well as the Middle East and North Africa region.

Spanish infrastructure major Acciona said its consortium with Saudi partners Tawzea and Tamasuk has been awarded contracts for financing, construction and 25-year operation of three major sewage treatment plants – Madinah-3, Buraydah-2 and Tabuk-2 – in Saudi Arabia. These new contracts, worth a combined €855 million ($1.

Saudi Arabia’s futuristic $500-billion new city Neom played host to nearly 150 design and construction companies who visited the project site over four days last month and held discussions with its top officials on future collaboration.