Saudi Review
February 2018

In a move aimed to bolster private-sector growth in 2018, Saudi Arabia unveiled a SR72 billion ($19.2 billion) programme, with money to support housing construction as well as fee waivers for small businesses, Commerce and Investment Minister Majid Al-Qasabi said.






February 2018

SAUDI Arabia’s SR978 billion ($260 billion) budget for 2018 is sending a strong signal that the government is serious about supporting the economy, especially the non-oil sector, and pursuing its Vision 2030 objectives, said the National Bank of Kuwait (NBK) in its latest Economic Update.






February 2018

Schlumberger, one of the world’s leading oil services companies, has signed a deal with state oil giant Saudi Aramco to develop a hitech industrial manufacturing centre within the King Salman Energy Park at Dhahran in Saudi Arabia.






February 2018

Sadara is well positioned to capture the upside value in the growing speciality market, but this value can also be maximised at the GDP level if it is integrated with downstream manufacturing that will ensure that finished products are produced locally by a well-trained national workforce, says its CEO Dr Faisal Al-Faqeer.






February 2018

State oil giant Saudi Aramco has joined hands with UAE-based Lamprell, the National Shipping Company of Saudi Arabia (Bahri) and Korea’s Hyundai Heavy Industries to launch their International Maritime Industries (IMI) joint venture.






February 2018

Saudi Arabia is set to build nine desalination plants on the Red Sea coast at an investment of more than SR2 billion ($530 million), said a report.






February 2018

US-based Emerson, a global technology and engineering company, inaugurated its new technology and innovation centre, worth SR94 million ($25 million), at Dhahran Techno Valley, in Dhahran, Saudi Arabia, last month.






February 2018

Air Liquide, a world leader in gases, technologies and services for industry and health, has entered the home healthcare market in Saudi Arabia with the acquisition of the respiratory division of Thimar Al Jazirah Company (TAC). TAC is a leading actor in the pharmaceutical, medical and dental industries within the kingdom.






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