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Pole position ceded
The downturn was driven by a 68% y-o-y drop in the last quarter of the year
Sisco acquires 51% acquisition of PSS + Parsons secures key role in New Murabba project
PLUS: Foreign reserve assets dip slightly in December
Saudi water grid opens to Chinese operator
The contract is part of NWC’s LTOM program to expand private-sector participation in the sector
National Grid to build power infrastructure at Soudah Peaks
The contract is worth SAR 1.3 bn
Road network overhaul enters phase 3 + Maaden-Hancock JV to explore Makkah gold belt
The new projects are expected to be delivered in three to four years.
Acwa Power cements Central Asian foothold with Azerbaijani desalination plant
The agreement covers the full stack of design, construction, financing, ownership, operation, and maintenance of the reverse-osmosis desalination plant
Saudi banks power Ras Mohaisen water project to financial close
Banque Saudi Fransi, Riyad Bank, and Saudi Investment Bank, with Standard Chartered as the sole international lender
Railways galore
Plus: Globalization is dead, Mohamed El Erian says
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