{"id":82035,"date":"2024-01-18T00:00:00","date_gmt":"2024-01-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/a-little-bit-of-everything\/"},"modified":"2024-01-18T00:00:00","modified_gmt":"2024-01-18T00:00:00","slug":"a-little-bit-of-everything","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/18\/a-little-bit-of-everything\/","title":{"rendered":"A little bit of everything"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TOURISM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong><strong>-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/depa.com\/\" style=\"\" rel=\"noopener\">Depa Interiors<\/a><\/strong><strong> has landed AED 750 mn contracts in Saudi Arabia this year<\/strong>,with the lion\u2019s share coming from the Public Investment Fund\u2019s <a target=\"_blank\" href=\"https:\/\/www.redseaglobal.com\/en\/\" style=\"\" rel=\"noopener\">Red Sea Global (RSG)<\/a>, it said in a <a target=\"_blank\" href=\"https:\/\/depa.com\/investors\/market-announcements\/depa-secures-new-wins-in-saudi-arabia-north-of-aed-750mn\/\" style=\"\" rel=\"noopener\">press release<\/a>. Depa will handle fit-out works for some of RSG\u2019s tourism destinations including <a target=\"_blank\" href=\"https:\/\/www.redseaglobal.com\/our-destinations\/the-red-sea\/desert-rock\" style=\"\" rel=\"noopener\">Desert Rock Hotel<\/a>, two other five-star hotels, and <a target=\"_blank\" href=\"https:\/\/www.amaala.com\/en\/newsroom\/amaala-reveals-iconic-new-yacht-club-designs\" style=\"\" rel=\"noopener\">Amaala<\/a><a target=\"_blank\" href=\"https:\/\/www.amaala.com\/en\/newsroom\/amaala-reveals-iconic-new-yacht-club-designs\" style=\"\" rel=\"noopener\">Yacht Club<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>East Pipes Integrated Company for Industry will supply steel pipes<\/strong> for the Saline Water Conversion Corporation under a SAR 1 bn contract, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyNDYyFA_ODVPvyA3NMIgMyA3XNdREQCGefQD\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg4Ni9jb21wYW55U3ltYm9sLzEzMjEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TELECOM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arabian Internet and Communications Services (Solutions) has landed a SAR 191 mn, three-year <\/strong><strong>contract <\/strong>to renew Microsoft technology licenses for Saudi Telecom (STC), according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyNzIwEg_ODVPvyA3NMIgMyA3XNdREQCVnJwO\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg0OC9jb21wYW55U3ltYm9sLzcyMDIvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. STC owns a 79% stake in Solutions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Keir secures credit facility from Alrajhi Bank: <\/strong>Telecom company <a target=\"_blank\" href=\"https:\/\/www.keir.com.sa\/\" style=\"\" rel=\"noopener\">Keir International<\/a> signed a SAR 130 mn shariah compliant banking facility agreement with Alrajhi bank, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/ldBNC4JAEAbgX-MxdvIzu62kW2KoiWh7ibXCBHfXgxX--5Y6CfY1t4HnhXcGUVQiKtitqVnfSMFate-pfbCwDfp6AXGMXQfSIPTIJsKGn5qoGAMS6L4CrpeufDIH4iD6Vx6yxFIg2RoR7ICA_Vse3gyG73k6JhMXjMFExSf40CFEtG5l9frnpe-7pQYa9OzE7tdWUx2PkndMDNnAK6mQa5k6ys4CdTzPS2gSXszwA5dMtLo!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg3MS9jb21wYW55U3ltYm9sLzk1NDIvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The one-year loan will be used for project financing and the issuance of bank guarantees and letters of credits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- APICO seals loan from SIDF: <\/strong>The Arabian Plastic Industrial Company (APICO) has signed a SAR 23 mn credit facility from the Saudi Industrial Development Fund (SIDF), it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/ldBNC4JAEAbgX-MxdjI_u62kW2KoiWh7ibXCBHf1sBX--5Y6CfY1t4HnhXcGUVQiKtitqZlsOsFate-pdTCxBfragTjGrg1pEHpkE-GFnxqoGAMS6L4CrpeufDIHYiP6Vx6yxFQg2S4i2AEB67c8vBkM3_N0TCYuGIOJik_woUOIaN121eufFyn7pQYaSHZi92urqY7HjvdMDNnAq04h1zQclJ0F6nmel9AkvJjhBxiJMag!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83Nzg4MC9jb21wYW55U3ltYm9sLzk1NDgvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ECONOMY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom and the OECD signed an agreement to boost public policy collaboration <\/strong>across economy, taxation, corporate governance and sustainability, <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/639691\/SAUDI-ARABIA\/Saudi-Arabia-OECD-sign-MoU-to-enhance-public-policy-cooperation\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a> reported yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Makkah gets RER services: <\/strong>The Real Estate General Authority unrolled in cooperation with Makkah city officials the <a target=\"_blank\" href=\"https:\/\/rer.sa\/en\/\" style=\"\" rel=\"noopener\">Real Estate Registry (RER)<\/a> platform for the region, it said in a <a target=\"_blank\" href=\"https:\/\/rega.gov.sa\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2-%D8%A7%D9%84%D8%A7%D8%B9%D9%84%D8%A7%D9%85%D9%8A\/%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D8%A7%D9%84%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D9%84%D9%84%D8%B9%D9%82%D8%A7%D8%B1-%D8%A8%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A7%D9%84%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D9%85%D9%84%D9%83%D9%8A%D8%A9-%D9%84%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D9%85%D9%83%D8%A9-%D8%A7%D9%84%D9%85%D9%83%D8%B1%D9%85%D8%A9-%D9%88%D8%A7%D9%84%D9%85%D8%B4%D8%A7%D8%B9%D8%B1-%D8%A7%D9%84%D9%85%D9%82%D8%AF%D8%B3%D8%A9-%D9%88%D8%A3%D9%85%D8%A7%D9%86%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D8%B5%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D9%82%D8%AF%D8%B3%D8%A9-%D8%AA%D8%B9%D9%84%D9%86-%D8%A8%D8%AF%D8%A1-%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B3%D8%AC%D9%84-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A-%D9%81%D9%8A-%D9%85%D9%83%D8%A9-%D8%A7%D9%84%D9%85%D9%83%D8%B1%D9%85%D8%A9\/?page=1&search=&sort=\" style=\"\" rel=\"noopener\">statement<\/a> yesterday.The city is set to be divided into districts comprising several neighborhoods, with an announcement to be made soon in regards to the neighborhoods that will start registering properties on the new platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RER? <\/strong>The National Real Estate Registry Services Company (RER) \u2014 wholly owned by the PIF \u2014 aims to establish a real estate registry across the Kingdom to make it easier for individuals and corporations to know who has clear title to a property when buying or selling.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECHNOLOGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPARK set for new manufacturing facility: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.spark.sa\/\" style=\"\" rel=\"noopener\">King Salman Energy Park (Spark)<\/a> signed an agreement with Schneider Electric to set up an advanced tech manufacturing facility, it said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/spark-and-schneider-electric-sign-agreement-for-high-tech-manufacturing-facility-in-saudi-arabia-f2xbcxal\" style=\"\" rel=\"noopener\">statement<\/a> picked up by Zawya yesterday. The 20k m2 facility will produce high-tech systems that include Distributed Control Systems (DCS), Emergency Shutdown Systems (ESD) and Compressor Control Systems (CCS). Completion is expected to be completed by the end of 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Spark?<\/strong> Located in the oil-rich Eastern Province, Spark is being developed as an industrial ecosystem and energy hub aimed at boosting the kingdom\u2019s energy value chain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: East Pipes Integrated Company for Industry to supply steel pipes for the SWCC under SAR 1 bn contract<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,189,180,186,10,184,182,185,181,187,2632,188,183],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82035","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arabian-internet-and-communications-services","tag-depa-group","tag-east-pipes-integrated-company","tag-enterpriseam-ksa","tag-oecd","tag-opdc","tag-organization-for-economic-co-operation-and-development","tag-red-sea-global","tag-saline-water-conversion-corporation","tag-stc","tag-swcc","tag-the-rig","wpautop","entry"],"acf":{"mongo_id":"7368246c-54bb-4a67-80b6-3e0f6d43e5b5","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Dubai-based Depa Interiors earns big from local hospitality spree + loans for APICO, Keir","related_issue":[82020],"teaser":"PLUS: East Pipes Integrated Company for Industry to supply steel pipes for the SWCC under SAR 1 bn contract","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6b79801c-fe9e-44fe-a16e-7a883ccc87cd.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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