Saudi Arabia's National Center for Privatisation & PPP (NCP) has invited bids from leading local and international investors, financial institutions and operators for a 84,657-sq-m mixed-use development project at Sikkah Al Hadid located west of Madinah city. ...
Saudi-based Najran Cement has awarded a key contract to Sinoma International Engineering for the implementation of an electric grid connection project at Sultanah in the Madinah province under the Liquid Fuel Displacement Program. The entire work will be completed within a eight-month period. ...
Indra, a Spanish aerospace, defence and mobility systems group, has announced that it has secured the renewal of its operation and maintenance contract for the Haramain High-Speed Line project from Saudi Arabia Railways (SAR) for another five-year term. ...
Talgo, a leading Spanish company specialising in the design and manufacture of high-speed lightweight trains, has secured a new order worth €1.3 billion ($1.53 billion) from the Saudi Arabia Railways for supply of 20 high-speed trains. This comes after Talgo's successful delivery of 35 trains to SAR in 2018. ...
Saudi-based Sustainable Infrastructure Holding (Sisco Holding) has announced that its key unit Tawzea has secured a major contract from the kingdom's National Water Company to provide operation and maintenance services for the utility networks and wells in Madinah region for a three-year period. ...
Saudi Arabia’s Real Estate General Authority has announced that the new laws allowing foreign companies as well as expats to own a wider range of local real estate assets have officially come into effect. With this, all provisions are now enforceable under the national real estate framework. ...
Linxon, a global engineering, procurement, and construction company, has completed the work on the Taibah 380 kV Bulk Supply Point (BSP) substation and handed it over to the Saudi Electricity Company (SEC), marking a significant milestone in boosting Madinah’s power grid capacity. ...
Qsas Company, a major subsidiary of Saudi sovereign wealth fund PIF (Public Investment Fund), has announced the launch of its Alsirah Gardens project in Madinah. Spanning 70,000 sq m, it features seven enrichment zones offering interactive and creative experiences....
Saudi authorities have announced that SAR200 billion ($53 billion) worth of development projects are being implemented in Madinah across key sectors in a bid to boost infrastructure to accommodate the rising number of pilgrims, set to hit 30 million by 2030. ...
