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TOURISM-
Novotel has launched its ninth property in the Kingdom, the four-star Novotel Riyadh Sahafa, according to a press release. The hotel has 232 rooms and suites and is led by the Kingdom’s first woman hotel general manager, Hessa Al Mazroa. No details were provided on the project’s investment size
AGRIFOODS-
Danish Baader Food Processing Machinery will supply poultry processing equipment to Nomu-listed Balady Poultry under a SAR 81 mn contract, according to a disclosure to Tadawul yesterday. The two-year contract aims to raise Balady’s production capacity through its factory which boasts two lines with a production capacity of 25k birds per hour.
TECH-
Cognite Data Fusion now available to Google Cloud customers in Saudi: Cognite Data Fusion, the flagship Industrial DataOps product of CNTXT — a JV between Aramco and Norwegian industrial software provider Cognite — is now available on Google Cloud to local customers, according to a statement by Cognite. The product uses AI and data analytics to help industrial sectors such as energy, manufacturing, and logistics migrate their data in an efficient way and provides operational insights to improve efficiency.
SOUND SMART- Industrial DataOpsis a data management practice that involves the automation and monitoring of data flows within an organization to ensure that data is readily available for analysis, while also maintaining data quality and security. It’s used to improve the quality and reduce the cycle time of data analytics in industrial settings.
ELECTRICITY-
Saudi Power Transformers — a unit of Tadawul-listed Electrical Industries (EIC) — is planning a SAR 192 mn expansion that will see it set up extra high voltage transformers and reactors in a bid to up its power generation capacity, EIC said in a filing to Tadawul. The company will use its own resources and bank facilities to finance the project.
The timeline: Construction work is slated for kickoff in 2H 2024, and is expected to be completed in 4Q 2026, after which a six-month trial period will begin in 1Q 2027, before the plant is commercially operational by 3Q 2027.
OIL & GAS-
Tadawul-listed Saudi Steel Pipes has a SAR 138.6 mn contract from Aramco which will run for up to 12 months, according to a disclosure to Tadawul.
HEALTHCARE-
Al Faisaliah Medical Systems — a unit of Tibbiyah — received two fresh purchase orders worth SAR 23.8 mn from the National Unified Procurement Company, according to a disclosure on Tadawul.
FOOD SECURITY-
Tadawul-listed Almunajem Foods signed an MoU with the government’s National Industrial Development Center to build a food factory in Jeddah, it said in a disclosure to Tadawul. The MoU is valid for two years ending 13 May, 2026. No further details were provided.
SAUDIZATION-
The Human Resources Development Fund signed an MoU with state-owned mining giant Ma’aden to strengthen the localization of jobs across the mining sector, it said in a statement yesterday. Under the MoU, local suppliers will be trained and incorporated within Ma’aden’s local content program Tharwah. Both parties will also explore avenues to achieve sustainability in the mining and mineral resources sector. They agreed on forming a joint working group to activate areas of cooperation in the industry.
