Al Yamamah Steel’s Yanbu wind power factory goes live

ENERGY-

Al Yamamah Steel Industries kicked off commercial operations at Al Yamamah Wind Power Systems Factory in Yanbu Industrial City, it said on LinkedIn on Saturday. Trial operations began after the completion of the facility in July, with the initial date for commercial production set for 1 August.

REFRESHER- The Local Content and Government Procurement Authority inked agreements with Al Yamamah and the Arabian International Company for Steel Structure last October to localize the manufacturing of steel wind turbine towers.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

TRADE-

The Kingdom signed several industrial agreements during the plastic and rubber trade fair K Show in Düsseldorf, as Industry and Mineral Resources Minister Bandar Alkhorayef concluded an official visit to Germany, the ministry’s spokesman said on X on Friday. The agreements include an MoU between the National Industrial Development Center and Germany’s Flender to establish a maintenance center for industrial equipment parts in the Kingdom and contracts by Gulf Packaging Industries with German and Italian companies to expand polypropylene production lines.

INS.-

S&P Global reaffirmed Wataniya Ins.’s ratings at BBB+ and ksaAA+ on the Saudi National Scale Rating, maintaining a stable outlook for both, it said in a Tadawul disclosure yesterday.