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JANUARY14-17 January (Sunday-Wednesday): The International Exhibition for Construction and Building Materials (Saudi Projects), Jeddah.14 January-24 February (Sunday-Saturday): Tuwaiq International Sculpture Symposium, Riyadh.17-20 January (Wednesday-Saturday): Richard Mille AlUla Desert Polo 2024, AlUla.19-20 January (Friday-Saturday): The Learning Beyond Conference, King Abdulaziz Center for World Culture (Ithra), Dhahran.22-24 January (Monday-Wednesday): Real Estate Future Forum, Riyadh.26 January (Friday-Saturday): Andrea […]
Author Archives: enterpriseam
Posted inWHAT WE’RE TRACKING TODAY
Foreigners to be allowed to own property from this year?
Is Aramco about to award EPC contracts worth USD 4-5 bn for Safaniyah?
Posted inENERGY
Aramco hikes diesel prices for manufacturers by 53%, but impact on consumers should be limited
It’s the biggest price hike ever for manufacturers and petchem companies, but the impact on consumer-focused companies should be minimal
Posted inECONOMY
Purchasing manager’s index stable in December as private sector continues to grow
New orders rose to 68.3 in December, the highest rate since June
Posted inPIF WATCH
PIF sits atop the SWF league table for 2023, with fresh investments of USD 31.6 bn
PIF has 42% of its investments at home
Posted inRENEWABLES
Acwa Power starts commercial operations at final phase of Sudair solar plant
The third phase will bring the plant to its full 1.5 GW operating capacity
Posted inREAL ESTATE
Al Rajhi Bank refinances its real estate portfolio in landmark transaction with SRC
This brings the total refinancing between the SRC and the lender to SAR 10.8 bn
Posted inM&A WATCH
Amiantit divests from International Infrastructure in bid to deleverage
The move cuts the company’s outstanding debt to lenders by 50%
Posted inCONSTRUCTION
Amana Group selected by Emerson for Spark hub
The new facility will start operations by the end of 2024
Posted inMOVES
Sarco chairman, board member step down as company’s bottom line erodes
Sarco has seen net income drop