R/€ = 15.90 Change: -0.01
R/$ = 14.08 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61


Saudi Arabia pledges to invest R133bn in South African energy sector

By: News24Wire      12th July 2018 President Cyril Ramaphosa’s ambitious plan to attract $100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest $10-billion (about R133-billion) in the country. This is expected to be invested in the energy and power creation... 

dmg events open for business in Saudi Arabia

5th July 2018 dmg events establishes office to use as base for the company's events throughout the Kingdom att Denton Having been granted a Saudi investment licence by the Saudi Arabian General Investment Authority (SAGIA) earlier this year, dmg events, a leading international events company, has now... 

AfDB in $2bn project finance pact

By: Mia Breytenbach     28th July 2017 The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen their partnership at country level and jointly contribute to $2-billion over the next three years to finance projects in agriculture, food security, renewable energy, small... 

Market research shows growth in lift and escalator industries

23rd September 2016 The global lift and escalator market was valued at $86-billion in 2012 and is expected to grow steadily from 2016 to 2020 spurred by robust demand from Asia, according to a report released last month by market research company Research and Markets. 

AVI Rolls Out First Volvo Truck at KAEC

17th June 2015 Arabian Vehicles & Trucks Industry Ltd (AVI), a joint venture between Zahid Tractor & Heavy Machinery Co. Ltd and Volvo Truck Corporation, a world-renowned manufacturer of heavy-duty trucks, has commenced production at its new facility located in the Industrial Valley of King Abdullah Economic... 

Vitrex Goes The Extra Mile To Clad Arabian Totems

11th June 2015 In an order calling for extensive custom-design and -production, Vitrex - South Africa's leading producer of enamel steel products for architectural applications - supplied the vitreous enamel steel panels and associated brackets for three new towering totems erected outside the King Abdullah... 

Fortinet hosts ‘Power to Learn’ technology workshops for partners across the GCC region

8th September 2014 Fortinet® - a leader in high-performance network security, will kick-off its ‘Power to Learn’ pre-sales partner training sessions across the GCC region on September 8th in Dubai. The intensive technology training workshops are held on a quarterly basis across the region and provide partners with... 

France’s Total Strengthens Partnership with Saudi Zahid Group

19th May 2014 Total has announced that it has invited direct foreign investment in its Marketing and Services affiliate, Total Maroc, and that Zahid Group, headquartered in Jeddah, Saudi Arabia, has become a 30% shareholder of the company. Total Maroc is also currently preparing an initial public offering on... 

Rabigh 2 independent power project, Saudi Arabia

By: Sheila Barradas     11th April 2014 The greenfield 2 060 MW power project will be developed on a build, own and operate basis, in Rabigh, on the western coast of Saudi Arabia. 

Power-generation components facility project, Saudi Arabia

By: Sheila Barradas     31st January 2014 The project aims to establish a manufacturing facility in King Abdullah Economic City, north of Jeddah, for power generation components. 

Saudi Landbridge railway project, Saudi Arabia

By: Sheila Barradas     25th October 2013 The Saudi Landbridge project is a double-track railway, connecting Jeddah, on the Red Sea, with the city of Riyadh. 

Shuqaiq steam power plant, Saudi Arabia

By: Sheila Barradas     6th September 2013 The project comprises the construction of a 2 640 MW oil-fired steam power plant. 

SAA, Etihad start codeshare services

By: Natalie Greve     9th July 2013 Following regulatory approval, South African Airways (SAA) has initiated codesharing services with United Arab Emirates’ (UAE) national carrier Etihad Airways, which enables both carriers to offer codeshare and interline services to key destinations on each airline’s route network. Under the... 


By: Asha Ramsaran     12th April 2013 Tenders for work in Asia  

Heavy oil-fired supercritical pressure power plant, Saudi Arabia

By: Sheila Barradas     15th March 2013 The power plant is the first heavy oil-fired supercritical power-generation plant to be built in Saudi Arabia. 

Jeddah South thermal power plant, Saudi Arabia

By: Sheila Barradas     9th November 2012 The proposed project entails the construction of a 2 640 MW oil-fired thermal power project on a turnkey basis. 

Pharmaceuticals industry complex, Saudi Arabia

By: Sheila Barradas     23rd March 2012 The project includes the construction of a pharmaceuticals complex on a 5 000 m2 site in Industrial Valley, in Jeddah. 


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