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Author Archives: enterpriseam admin
Posted inLOCALIZATION
Aramco seals 40 local procurement contracts worth USD 6 bn
The move falls under Aramco’s SAR 1.5 tn In-Kingdom Total Value Add program
Posted inINFRASTRUCTURE
GAS is close to landing work on Aramco’s national gas grid expansion
Aramco is expected to award official contracts to the winning bidders “later in this quarter”
Posted inMANUFACTURING
A snapshot of what happened in manufacturing last year
Some 1.4k industrial licenses were issued last year
Posted inEARNINGS WATCH
Sabic has turned in what might be its first-ever net loss
Sabic reported a net loss of SAR 1.7 bn in Q4 2023
Posted inSAUDI IN THE NEWS
Wherein the NYT’s Dealbook unleashes its inner Orientalist
Plus: PIF-backed EV maker Lucid says it is critical to the Kingdom
Posted inCABINET WATCH
Cabinet approves new Railways Law at an otherwise-slow weekly meeting
The ministers also discussed the crisis in Gaza
Posted inALSO ON OUR RADAR
Chemanol is the new majority owner of Addar. PLUS: Logistics, manufacturing, infrastructure, investment,
Chemanol acquired an 84% stake in Addar in a SAR 46 mn transaction
Posted inPLANET FINANCE
Dubai’s Parkin to IPO next month
The book building process starts next Tuesday and will conclude on 12 March for retail investors and a day later for institutional investors