Riyadh Review
June 2018

Saudi Arabia’s economic reforms are going well, the International Monetary Fund (IMF) said after annual consultations with authorities, urging the government not to boost spending in line with climbing oil prices.






June 2018

Sabic has partnered with nine more global companies to promote the introduction of industry-leading technologies into Saudi Arabia, create new jobs, and help the ongoing localisation drive.






June 2018

Encouraging external investment, boosting transparency and growing the small business sector are key steps to ensuring the success of Saudi Arabia’s Vision 2030 strategy, said experts at the Euromoney Saudi Arabia Conference in Riyadh.






June 2018

Saudi Aramco highlighted the investment opportunities offered by the advent of the 4th Industrial Revolution and the role of small and medium enterprises (SMEs) at the recently held Eastern Province Chamber of Commerce symposium on the “4th Industrial Revolution and IKTVA support.






June 2018

UAE-based AESG has further expanded into Saudi Arabia with a new office in Riyadh.






June 2018

Germany-based global technology company SAP has launched the first live Public Cloud Data Center in Saudi Arabia, empowering Saudi Vision 2030 and marking a major milestone in the kingdom’s digital transformation. As Saudi organisations invest heavily in cloud solutions, the Saudi IT market is set to reach SR33 billion ($8.






June 2018

Dow Chemical Company has announced the launch of its newly-built innovation centre located within the King Abdullah University of Science and Technology (KAUST) premises in Jeddah, Saudi Arabia.






June 2018

Saudi Cement has signed an agreement with GE Power for the upgrade of three GE 6B gas turbines at its Hofuf plant to increase power output and efficiency. The deal represents the first time that GE Power’s Advanced Gas Path (AGP) solution will be implemented to strengthen power generation productivity for a cement industry globally.






June 2018

AES Arabia, a Riyadh-based water treatment company, has won the Industrial Desalination Plant of the Year award at the Global Water Awards in Paris, France, in recognition of the company’s achievement in delivering the largest desalination plant in the world for the oil and gas sector.






June 2018

National Shipping Company of Saudi Arabia (Bahri), a leader in logistics and transportation, has taken the delivery of ‘Amad’, a very large crude-oil carrier (VLCC), further enhancing its market-leading capabilities in crude oil transportation.






June 2018

Leading global industry experts will converge in Riyadh this October to explore the trends, opportunities and challenges shaping the global investment landscape at the second Future Investment Initiative (FII) being hosted by Saudi Public Investment Fund (PIF).






June 2018

The Saudi equity market is gaining momentum as it heads for possible inclusion in MSCI’s influential emerging market index in 2018, following the FTSE upgrade as an emerging market last month, said an industry expert.






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