Saudi Arabia News

Roads & Highways

Makkah region advances transport connectivity with SR 553 million road infrastructure expansion

Saudi authorities have commissioned 10 new road infrastructure projects across the Makkah region with combined investments of SR 553 million. The developments are aimed at strengthening regional mobility, supporting pilgrimage-related transport demand, and improving logistics efficiency within one of the Kingdom’s most strategically significant economic corridors.

4 weeks ago • Saudi Arabia

Architecture

Hassan Allam and Albawani JV wins $490 million contract for SAMoCA in Diriyah

A joint venture of Hassan Allam Holding and AlBawani Holding has been awarded a $490 million contract to construct the Saudi Arabia Museum of Contemporary Art (SAMoCA) in Diriyah, a flagship cultural project under the Diriyah development plan.

1 month ago • Saudi Arabia

Power & Utilities

Saudi Energy Company secures $3.1 billion PPA for major Rabigh 2 IPP capacity expansion

Saudi Energy Company has finalized a $3.1 billion power purchase agreement with the Saudi Power Procurement Company to expand the Rabigh 2 Independent Power Producer project. The 2,313.5 megawatt facility in Makkah province will utilize high-efficiency gas technology and is designed to accommodate future carbon capture integration over a 31-year operational term.

1 month ago • Saudi Arabia

Oil & Gas

Saipem secures two Offshore CRPOS from Aramco for Safaniya field work

Saipem has received two contract release purchase orders under its long-term agreement with Aramco for EPCI work at the Safaniya oil field, including water injection platforms, wellheads, pipelines, and subsea facilities.

1 month ago • Saudi Arabia

Air Force

Ukraine and Saudi Arabia sign inaugural defense pact for UAV countermeasures

Kyiv and Riyadh have entered a first-of-its-kind security agreement focused on air defense and counter-drone technologies. The partnership facilitates the exchange of battlefield expertise and technical knowledge to protect critical infrastructure from aerial threats, while opening doors for joint investment and future defense contracts between the two nations.

2 months ago • Saudi Arabia;Ukraine

Power & Utilities

KEC International wins Rs 14.76 billion global T&D contracts across Saudi Arabia, Africa and the Americas

KEC International has secured new transmission and distribution contracts valued at Rs 14.76 billion across multiple regions, including Saudi Arabia, Africa and the Americas. The orders cover transmission lines, substations, cabling and equipment supply, strengthening the company’s international EPC project pipeline in power infrastructure.

3 months ago • Saudi Arabia

Oil & Gas

Saudi energy firms formalize upstream service and field development deals with Syria

Four Saudi energy companies - TAQA, ADES Holding, Arabian Drilling and ARGAS, have signed agreements with the Syrian Petroleum Company covering gas field development, drilling, seismic surveys and integrated oilfield services. The arrangements aim to raise production across key Syrian gas assets under Saudi Ministry of Energy oversight.

3 months ago • Saudi Arabia;Syrian Arab Republic

Oil & Gas

ExxonMobil and Aramco assess Samref refinery conversion into integrated petrochemical hub in Yanbu

ExxonMobil, Aramco and Samref have signed a Venture Framework Agreement to evaluate upgrading the Yanbu-based refinery into an integrated refining and petrochemical complex. The initiative would enhance crude-to-chemicals conversion, improve energy efficiency and support lower-emission operations, subject to further studies and approvals.

3 months ago • Saudi Arabia

Islamic Finance

Aramco strengthens liquidity position with USD 3 billion dual-tranche SUKUK listing in London

Saudi energy major Aramco has secured USD 3 billion through a two-part sukuk issuance listed on the London Stock Exchange. The transaction underscores sustained global appetite for high-grade Islamic debt and enhances the company’s funding flexibility amid evolving energy market dynamics.

3 months ago • Saudi Arabia

Investments & Funding

Al-Baha accelerates regional industrial strategy with SR89 million MODON-backed infrastructure expansion

Saudi Arabia’s Al-Baha region has launched SR89 million in industrial infrastructure projects at its First Industrial City, targeting investment attraction, SME growth, and mining sector development. The initiative aligns with Vision 2030 objectives to diversify regional economies and strengthen industrial competitiveness.

3 months ago • Saudi Arabia

Food

Bangladesh showcases food sector at top Saudi expo to diversify beyond garment-led exports

Bangladesh has made its first appearance at AgroFood Jeddah to expand exports beyond garments and tap Saudi Arabia’s growing food import demand. The participation marks a strategic push to diversify trade flows and leverage the Kingdom’s large Bangladeshi expatriate population.

3 months ago • Saudi Arabia

Ports & Shipping

Maersk subsidiary takes minority stake in Saudi Arabia’s Jeddah container terminal

APM Terminals, part of Maersk, has acquired a 37.5% stake in the South Container Terminal at Jeddah Islamic Port, joining UAE-based DP World, which retains 62.5% control. The partnership is expected to enhance regional logistics capabilities and support trade flows across Asia, Europe, and Africa.

3 months ago • Saudi Arabia

Railways & Metro

Saudi Arabia and Qatar sign agreement to develop high-speed rail link between Riyadh and Doha

Saudi Arabia and Qatar have signed an agreement to build a high-speed rail link connecting Riyadh and Doha, aiming to improve regional mobility and fast travel between the two capitals.

3 months ago • Qatar;Saudi Arabia

Construction

Ministry of National Guard issues tender for rainwater drainage network in Riyadh medical warehouses

Saudi Arabia’s Ministry of National Guard - Health Affairs has launched a tender to establish a rainwater drainage network at King Abdulaziz Medical City in Riyadh. The project aims to enhance infrastructure resilience and operational efficiency across medical storage facilities, supporting continuity of healthcare services.

3 months ago • Saudi Arabia