Saudi Eastern Province
May 2019

The International Monetary Fund (IMF) estimates that Saudi Arabia’s economic growth in 2019 may be slightly higher than its earlier 1.8 per cent forecast as the non-oil sector is expanding faster than the wider economy, a senior official said. The budget deficit this year could be 7.






May 2019

National Oilwell Varco  (NOV) has opened its Fibre Glass Systems manufacturing facility in Dammam, Saudi Arabia, which is seen as a major stride forward for Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) localisation programme.






May 2019

Saudi Aramco has signed a land lease agreement with McDermott Arabia Company for the establishment of a fabrication facility located within the King Salman International Complex for Maritime Industries in the Ras Al Khair region of Saudi Arabia.






May 2019

Almajdouie Logistics and RTCL, a European leader in tank container leasing, have signed an agency agreement that will leverage their competitive strengths to provide a range of ISO tank solutions to customers in Saudi Arabia, the GCC, and East Africa.






May 2019

Saudi Arabia’s largest mining company, Ma’aden, is set to make its first international acquisition move with the purchase of a leading fertiliser distribution company in Africa.






May 2019

Packers Plus Energy Services, an innovator of multi-stage completion systems that provides solutions for challenging applications in horizontal, vertical, multi-lateral and high pressure/high temperature (HPHT) wells, is working towards growing their footprint in Saudi Arabia by adding a district workshop in support of upcoming technologies.






May 2019

Borets, a global leader in artificial lift systems engineering, manufacturing, sales and servicing, is planning a major expansion in the Middle East, aiming to set up service centres in Saudi Arabia, UAE, Bahrain and parts of Africa.






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