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Infrastructure News
Annual cost of living increases by 3.8% in Saudi Arabia
Arab News
August 28, 2016
The annual cost of living in the Kingdom increased by 3.8 percent, as determined on the basis of the increases registered among 10 consumer goods in c...
 
Saudi-Egyptian power grid plan deal approved
Saudi Gazette
August 24, 2016
As part of the growing economic ties with Saudi Arabia, the Egyptian parliament on Monday gave its approval to a pact on connecting the power grids of...
 
Saudi diversification affirms UAE as regional trading hub
Khaleej Times
August 23, 2016
The Saudi economy's diversification will promote UAE's position as a regional trading hub, said Jules Kappeler, chief executive officer GCC, Euler Her...
 
ACWA Power raises credit facility
Arab News
August 22, 2016
Water and project developer ACWA Power said it has increased its 2015 revolving credit facility by SR600 million to SR1.309 billion. Saudi Hollandi...
 
Miahona awards Abunayyan Holding Subsidiaries prestigious EPC contract
Saudi Gazette
August 19, 2016
MIAHONA through its subsidiary-Riyadh Water Production Company (RWPC), recently awarded Abunayyan Trading Company and its main subcontractors — Wetico...
 
Saudi industrial gases market to cross $1.6 billion by 2021
Saudi Gazette
August 17, 2016
The industrial gases market size in Saudi Arabia is anticipated to cross $1.6 billion (SR6 billion) by 2021, Research and Markets said in Saudi Arabia...
 
Sadafco solar power starts operation hours
Gulf in the Media
July 28, 2016
Sadafco has commenced operations of its new photovoltaic-diesel hybrid system that delivers up to 40 per cent of its Riyadh Regional Distribution Cent...
 
SEC's net profit falls 27.7 percent
Arab News
July 21, 2016
Saudi Electricity Co. (SEC), the Gulf's largest utility firm, reported a 27.7 percent drop in second-quarter net profit on Wednesday. The company, ...
 
Siemens ships its first Made in KSA gas turbines to Jazan plant
Arab News
July 21, 2016
In line with Vision 2030 and Saudi Aramco’s in-Kingdom total value add (iktva) program, Siemens delivered the first shipment of its locally produced g...
 
Aramco in SR50bn gas deal
Arab News
July 21, 2016
Saudi Aramco President and CEO Amin H. Nasser Wednesday presided over a signing ceremony of the SR50 billion Fadhili gas project, marking a new milest...
 
Saudi Electricity Company Q2 profit plunges 28pc
Gulf in the Media
July 20, 2016
Saudi Electricity Company (SEC), the largest utility firm in the Gulf region, has reported a 27.7 per cent decline in the second-quarter net profit ov...
 
Aramco signs deals for $13bn Fadhili gas project
Gulf in the Media
July 20, 2016
State oil giant Saudi Aramco signed four major engineering contracts related to its Fadhili gas processing project, the company has announced. Saud...
 
Fiscal restraints to keep MENA nuclear power on the sidelines
Saudi Gazette
July 17, 2016
In the face of rising electricity demand, nuclear power should enable MENA states to diversify their sources of energy and reduce their carbon footpri...
 
Saudi consortium closes $ 1.8bn Rabigh 1 refinancing
Arab News
July 14, 2016
A consortium of electricity companies led by Saudi Arabia's Acwa Power has completed refinancing of more than $ 1.825 billion in debt for its Rabigh 1...
 
Acwa JV breaks ground on $2.1bn Saudi gas complex
Arab News
July 13, 2016
Jazan Gas Projects Company (JGPC), a joint venture between Saudi-based Acwa Holding and US-based Air Products, has broken ground on an industrial gas ...
 
Al-Falih unveils 5-point plan at Beijing meeting
Arab News
July 2, 2016
Energy, Industry and Mineral Resources Minister Khalid Al-Falih, has drawn up a new plan to meet the goals of global requirements. The plan covers ...
 
Saudi Electricity gets $1.5bn Chinese loan
Gulf in the Media
July 1, 2016
State-controlled utility Saudi Electricity Company (SEC) has obtained $1.5 billion in financing from Industrial and Commercial Bank of China (ICBC), o...
 
Facilitate investments in all energy sources
Saudi Gazette
July 1, 2016
Khalid Al-Falih, minister of energy, industry and mineral resources, called upon the international community to work together in order to maintain a s...
 
Saudi Electricity gets $1.5bn loan from ICBC
Arab News
July 1, 2016
Saudi Electricity Co. (SEC) has obtained $1.5 billion in financing from Industrial and Commercial Bank of China (ICBC), one of the largest loans ever ...
 
KSA's solid economic environment offers advantages to investors
Arab News
June 23, 2016
Saudi Arabia is creating initiatives that will prompt investors to bolster efforts to expand their presence, said Energy, Industry and Mineral Resourc...
 

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