Siemens has broken ground on a landmark manufacturing facility and training centre for gas turbines and compressors in Dammam, as part of a massive expansion of its activities in Saudi…
Company News
Advanced Tire Factory Established by Al-Amoudi Group
Al-Amoudi Group of Companies, has signed an agreement to establish the Advanced Tire Factory. The factory will be set up on a 194,000 square meter area in Yanbu Industrial City…
BILDCO (UAE) eying plant project in Saudi Arabia
UAE’s Abu Dhabi National Company for Building Materials (BILDCO) has postponed construction of a longs rolling plant (400,000 tpy) in Mussafah industrial area, Abu Dhabi, again. A company representative reports,…
Mizat inks Riyadh project finance deal
Mizat Development Company, a Saudi-based real estate group, has entered into a finance agreement with Bank Aljazira to provide Sharia funding for its SR250 million ($66.6 million) Darat Al-Hada residential…
SABIC unveils new brand with focus on growth
Saudi Basic Industries Corporation (Sabic) unveiled its brand with focus on creating long-term relationships that deliver profitable growth and success at the company’s annual general assembly meeting in Riyadh. Sabic’s…
Zain Saudi nears $2.6 billion loan deal
Indebted telecoms operator Zain Saudi on Monday said it was finalising the refinancing of a $2.6 billion facility due in July after it posted another quarterly loss. This facility will…
Toshiba Elevators unveils Mideast expansion
Toshiba Elevators, one of the world’s top seven elevator companies, has unveiled an expansion strategy for the Middle East and CIS regions that will see its annual turnover more than…
The dedication of a large location by “Petro Rabigh” for plastic factories
Petro Rabigh decided to dedicate and adapt a huge area adjacent to its giant compound for refining and petrochemicals in order to accommodate manufacturing plastic factories depending in their production…
Sabic expands in China
Saudi Basic Industries Corp. has begun work on a $ 100 million technology center in Shanghai, focusing on alternative energy and new materials for the construction and auto sectors. Sabic…
Sabic to build carbon fiber plant in Saudi Arabia
Saudi Basic Industries Corporation (Sabic) plans to build carbon fiber manufacturing plant, Sabic representatives who met with CompositesWorld on March 27 at JEC Europe 2012 in Paris said. They said…
