Saudi Focus

Saudi Arabia’s Roads General Authority (RGA) has announced that a total of 69 companies have submitted bids for a major highway project linking the Aseer region to Jazan.






New Murabba Development Company, a unit of Saudi sovereign wealth fund PIF (Public Investment Fund) recently hosted a key partnership forum for a diverse group of vendors and partners to explore the vast opportunities within its ground-breaking destination, New Murabba, in Riyadh.






Neom, the developer of the Saudi futuristic city, has unveiled its new luxury lifestyle coastal region – Magna – on the stunning Gulf of Aqaba coastline as the latest addition to its evolving regional development in northwest Saudi Arabia.






The Royal Commission for Makkah City has announced that work has started on 10 five-storey residential buildings being developed as part of the Kidana Al Wadi project over a 33,000-sq-m area near the Jamarat facility, strategically positioned for accommodation in Mina.






Saudi-based Qiddiya Investment Company (QIC) has announced the launch of its new cultural icon – The Performing Arts Centre – in the capital Riyadh. With stunning architecture, pioneering technology, and a commitment to artistic innovation, the centre promises to redefine the cultural experience for residents and visitors alike.






Following the launch of the initiative to revamp the aesthetics of Roshn Waterfront in Jeddah, Roshn, a key developer powered by Saudi wealth fund PIF, last month inaugurated the artistic painting adorning the new waterfront pavement.






Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and Amaala, has announced that work has begun on its new hospital project located in Red Sea’s Turtle Bay area following the project design approval by the Saudi Ministry of Health.






Saudi Arabia has announced that work has started on three city parks in the capital spanning a 550,000-sq-m area as part of its Green Riyadh programme.






Siemens Energy and GE Vernova have announced major contracts for four power plants in Saudi Arabia. Siemens Energy has been awarded a 25-year contract for two power plants –Taiba 2 and Qassim 2, worth $1.5 billion.






Leading Indian business conglomerate Essar Group is awaiting the final approvals from Saudi authorities to build a low-carbon steel plant in the kingdom at a total investment of $4.5 billion, reported Press Trust of India, citing a top official.






JuffaliTrucks, a leading provider of pre-owned commercial vehicles in Saudi Arabia, has announced the introduction of HIAB cranes to the product portfolio of its trailer and applications division, underscoring its commitment to offering innovative and comprehensive transportation solutions to its customers.






Saudi Water Partnership Company (SWPC) has announced the launch of a prequalification process inviting local and international developers to set up its future projects in the sectors of water production plants and sewage treatment plants.






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