Saudi Arabia
February 2021

The diversification drive of Saudi Arabia’s economy took a major leap early this year when His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Chairman of the Council of Economic Affairs and Development, announced The Line, a 170-km-long strip that will form the backbone of the high-tech econom






February 2021

Sawafi Borets has broken ground on a 21,000 sq m headquarters and production facility in Saudi Arabia that will serve as its hub for the manufacture, testing and service of submersible pump systems. Located in the King Salman Energy Park (SPARK) in the Eastern Province, the facility is scheduled to begin operations in 2022.






February 2021

Gulf Marketing Group (GMG), one of the Middle East's leading family-owned holding companies, is increasing its investments in Saudi Arabia and has announced the opening of a new warehouse facility in Riyadh to serve its expanding customer base.






February 2021

Saudia Dairy & Foodstuff Company (Sadafco), a leader in the GCC milk market and the No 1 Long Life Milk in Saudi Arabia, registered a top-line of SR482 million ($128.49 million) in the third quarter (Q3) 2020, declining 1.3 per cent year on year (y-o-y) and 4 per cent below analyst’s estimates of SR501 million.






February 2021

The number of Saudis working in the private sector posted an increase of 2.9 per cent, reaching 1.75 million despite the coronavirus pandemic during the year 2020. A total of around 49,000 jobs have been created for Saudi men and women during the period. Meanwhile, the number of non-Saudi workers recorded a decrease of 2.






February 2021

Proven, the leading outsource business services provider in the region, has announced services to help its Saudi customers fulfil their engineer’s Saudisation requirements. As part of Proven’s Outsourcing (PEO) service, clients can now choose from candidates from a pool of engineers to work with their organisation.






February 2021

Stepping up its manufacturing prowess, Saudi Arabia has started taking initial steps towards becoming a manufacturing hub for the automotive sector. The country has already announced that it is developing infrastructure for attracting three global automakers and is working on having its first car manufactured by next year.






February 2021

The Covid impact on the automotive industry of Saudi Arabia has seen decline in the footfall across various showrooms of brands, which used to be the major mode of sales, pre-Covid.






February 2021

Precast and prestressed concrete has evolved as the building material and solution of choice for residential, commercial, government and industrial building construction in Saudi Arabia – and Qanbar Dywidag Precast Concrete Company (QDC) as one of the largest and most prominent manufacturers in the sector is leading the industry with innovati






February 2021

The founding shareholders of Red Sea Gateway Terminal Limited (RSGT), a privately-owned independent terminal operating company, have signed separate share purchase agreements with the Public Investment Fund (PIF) and with Cosco Shipping Ports Limited (CSPL) through its wholly-owned subsidiary Sound Joyce Enterprises Limited, for the sale of 40 per






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