Saudi Electricity Company (SEC) has awarded major contracts to Chinese group BYD Auto Company and Saudi utility major Alfanar Projects for developing Battery Energy Storage Systems (BESS) with a combined capacity of 2,500 MW/10,000 MWh across Saudi Arabia.
In a major move, the Saudi Capital Market Authority (CMA) has granted foreign investors permission to invest in Saudi-listed companies that own real estate within the cities of Makkah and Madinah.
Saudi Power Procurement Company (SPPC) has announced that a total of 33 utility project developers have been prequalified for its 2GW/8GWh battery energy storage system (BESS) tender.
Japanese crane company Tadano has announced that its longtime customer Arabian Machinery & Heavy Equipment Company (AMHEC) has signed a contract for 100 GR-800EX units, thus marking one of the largest orders by volume and, therefore, one of the most significant crane orders in its 105-year history.
Kingdom Holding Company (KHC) last month announced that construction of the Jeddah Tower, a symbol of ambition and progress, has officially restarted.
Dorsch Global, a major consulting and engineering group, said it has secured the lead supervision engineering consultancy contract for wastewater management projects in Saudi Arabia worth over SAR800 million ($213 million) from National Water Company (NWC).
Kooheji Development, a pioneer in creating high-rise, premium residences, and fully integrated community developments in the region, is poised to launch the first phase of its latest luxury project, Lavira, this month in the heart of Tharwa Town near Dammam.
Saudi Arabia’s Oil Sustainability Program (OSP) announced the launch of a consortium ‘NovusCrete’ in collaboration with Neom (represented by the Design and Construction Sector) and other international entities.
Saudi Arabia’s National Water Company (NWC), represented by the Western Cluster, announced that it has started implementing water supply projects in Makkah at a cost of more than SAR1.6 billion ($426 million).
Marriott International has announced it has signed an agreement with Al Qimmah Hospitality Company and Amwaj Real Estate Company – both subsidiaries of BinDawood Trading – to open a 2,179-room Courtyard by Marriott Hotel in Makkah.
Expressions of interest (EOI) and request for qualification (RFQ) have been launched for two transformative real estate projects in Madinah under the public-private partnerships (PPP) model.
