Array Technologies (Array), a global leader in utility-scale solar tracking solutions, has signed its intent for a strategic partnership with Aluminum Products Company (ALUPCO), a leading aluminum extrusion company in the Middle East and North African region (MENA).

Arcapita Group Holdings, a global alternative asset manager, has announced a strategic collaboration with Rikaz, a prominent large-scale real estate developer in Saudi Arabia, for the development of a top-class logistics park in Riyadh.

Saudi-based Al Ayuni Investment and Contracting Company has won contracts worth SR2 billion ($532 million) from Diriyah Company, a unit of Saudi sovereign wealth fund PIF, to carry out infrastructure development works within its mega development coming up in the ancient Saudi city in Riyadh.

Saudi-based Rua Al Madinah Holding has signed up Jacobs, a global provider of construction services, to provide design services for 12 hotel brands coming up within its mega mixed-use development in Madinah city. Spanning an estimated 1.

Saudi Power Procurement Company (SPPC) has announced that a total of 23 utility project developers have been prequalified for the fifth round of solar projects coming up across the kingdom with a total 3,700 MW capacity.

Juffali Commercial Vehicles (JCV), the sole distributor of Mercedes-Benz trucks and buses in Saudi Arabia, emerged as a leading performer at the Mercedes-Benz Trucks & Buses Elite Class MENA Awards.

Raffles Hotels & Resorts, a leading luxury brand of Accor, has announced plans to launch its new resort in Trojena, the year-round mountain destination located in Neom, the new Saudi futuristic city.

Soudah Development, a real estate development company powered by Saudi wealth fund PIF,  has signed a contract with Parsons Corporation to provide project management consultancy services for the development of Soudah Peaks, a year-round luxury mountain tourism destination set 3,015 m above sea level on KSA’s highest peak.

Kingdom Holding Company (KHC), a Saudi conglomerate with interests in key sectors such as hotel management, real estate and equity, has sold its residential complex – Kingdom City – to a real estate fund affiliated with Alawwal Investment, a company fully owned by First Saudi Bank, for SR900 million ($240 million).

Roshn Group, a leading real estate developer and PIF-owned giga-project, has broken ground on its premium development, Marafy, in Jeddah. Roshn’s most ambitious mixed-use development yet, Marafy is an 11.

Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group), a leading importer, manufacturer and distributor of air-conditioners and home appliances, said it has reached an agreement with LG Electronics and the Ministry of Investment of Saudi Arabia (MISA) to manufacture AC compressors in the kingdom.

A Tech Wabag (Wabag), a leading Indian group specialising in the water sector, said it has been signed up as the process and technology contractor by Sepco III Electric Power Construction Corporation (Sepco III) for a 20 MLD industrial wastewater treatment plant at Ras Tanura refinery complex in Saudi Arabia. Announcing the $33.

Saudi Arabia Railways (SAR) has signed an agreement with Stadler, a Swiss rail infrastructure and train manufacturer, for the supply and maintenance of 10 next-generation passenger trains for its East Railway network alongside the option to order an additional 10 units in the future.

The King Abdullah Financial District Development and Management Company (KAFD DMC) announced a series of partnerships and collaborations at the second edition of the Public Investment Fund’s (PIF) Private Sector Forum, held last month in Riyadh.