{"id":83353,"date":"2024-02-12T00:00:00","date_gmt":"2024-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/"},"modified":"2024-02-12T00:00:00","modified_gmt":"2024-02-12T00:00:00","slug":"dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/dussur-baker-hughes-opens-chemicals-manufacturing-facility-plus-defense-healthcare-education-finance-and-tech\/","title":{"rendered":"Dussur + Baker Hughes opens chemicals manufacturing facility. Plus: Defense, healthcare, education, finance, and tech"},"content":{"rendered":"<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>Dussur, Baker Hughes inaugurate chemicals manufacturing facility:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.dussur.com\/about-us.php\" style=\"\" rel=\"noopener\">Saudi Arabian<\/a><a target=\"_blank\" href=\"https:\/\/www.dussur.com\/about-us.php\" style=\"\" rel=\"noopener\">Industrial Investments Co. (Dussur)<\/a> opened with US oilfield services provider Baker Hughes a chemicals manufacturing plant in Jubail that will produce oilfield, power generation, and industrial chemicals, a <a target=\"_blank\" href=\"https:\/\/www.bakerhughes.com\/company\/news\/baker-hughes-dussur-inaugurate-saudi-petrolite-chemicals-facility-jubail-localize\" style=\"\" rel=\"noopener\">statement by Baker Hughes<\/a> read yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming:<\/strong> The facility is <a target=\"_blank\" href=\"https:\/\/www.bakerhughes.com\/company\/news\/baker-hughes-and-dussur-sign-agreement-form-chemicals-joint-venture-saudi-arabia\" style=\"\" rel=\"noopener\">part of a JV announced<\/a> between Dussur and Baker Hughes in 2022. Baker Hughes owns a 51% stake in the JV, while Dussur owns 49%. Dussur is owned by the PIF, Sabic, and Aramco.<\/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\">HEALTHCARE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>National Medical Care is ready to expand Al-Malaz Hospital<\/strong> under a newly-acquired license from the Health Ministry, 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\/jZDLDoJADEW_xQVbWuUhusOoGB8RJUacjRkURxJgyDBI_HtHXWkU7a7tubc3BQIhkJxeEkZlwnOaqn5H7L3l2tiZOLj0xp0Rrsa9wWo48to4M2H7CmDgWwrwF8Yc1-ihDeQfPX4pF3_rSSPidd-BDxEfQEOGKRCW8uj5DzePDIcBEfEpFrHQK6HGZymLsq-hhnVd64xzlsb6gWcafpKceSkhfCXv3N3lYSLpkdZVqtRErQqaX4NrFnF1yES0IKACimwTYuJnW0dakem2bhGMDVs!\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODE3NS9jb21wYW55U3ltYm9sLzQwMDUvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvYXI!\/\" style=\"\" rel=\"noopener\">disclosure<\/a> to Tadawul. The SAR 100 mn project would bring total capacity to 459 beds and 62 clinics. <\/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\">FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/awaed.capital\/\" style=\"\" rel=\"noopener\">Awaed Alosool Capital<\/a><\/strong><strong> has received approval from the Capital Markets Authority <\/strong><strong>(CMA) to manage and operate funds<\/strong> as well as hold securities on behalf of clients, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details?1dmy&urile=wcm:path:\/Tadawul_en\/SA-Tadawul\/SA-PricesAndIndeces\/SA-News\/SA-MarketNews\/CT-marketnews-20240208-cma2\" style=\"\" rel=\"noopener\">a disclosure on Tadawul<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sa.linkedin.com\/company\/%D8%A7%D9%84%D8%AA%D9%86%D8%A7%D9%81%D8%B3%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Competitiveness Financia<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sa.linkedin.com\/company\/%D8%A7%D9%84%D8%AA%D9%86%D8%A7%D9%81%D8%B3%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">l<\/a><\/strong><strong> now has a fintech permit <\/strong>from the CMA that will allow it to invest in and promote debt instruments, the authority said in <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3485.aspx\" style=\"\" rel=\"noopener\">a statement<\/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\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The Culture Ministry opened the Kingdom\u2019s <strong>first specialized college of arts at King Saud <\/strong><strong>University<\/strong> in Riyadh, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2045445\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. Departments include design, the performing arts, and visual arts with courses ranging from graphic design, fashion, theater, and cinema to music, printing, drawing, sculpture, and Arabic calligraphy.<\/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\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Solutions by stc<\/strong> (79% stc-owned) and <strong>Center3<\/strong> (100% stc-owned) signed an agreement that will see Solutions design and build infrastructure for data centers owned by Center3, Solutions 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-oyNzIwEg_ODVPvyA3NMIgMyA3XNdREQCVnJwO\/dz\/d5\/L0lDU0NTQ2xDbENRb0tVUW9LVVFvZ3BSQ2lDbEVpUSEhL1lGVUVBQUFJSUVNQ0lFQUtJS0dJR0lPQkpCSk9CRk5GTk9GRERMRExISUVFRFBQQXZBblBNSW9FTUEhIS80SkNpaksyTVhIRUlKU1pDa21vcHlGTk5Relc3V1d6bXA1cmRyTFlMVVVxcU1VQSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODE3My9jb21wYW55U3ltYm9sLzcyMDIvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. The agreement runs for three years and the price tag has a ceiling of SAR 150 mn.<\/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\">TOURISM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1<\/strong><strong>- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dancompany.sa\/en\/about-dan\" style=\"\" rel=\"noopener\">Dan Company<\/a><\/strong><strong> has <\/strong><strong>signed an MoU with Abdulmohsen bin Abdulaziz AlJabr Trading <\/strong><strong>Company<\/strong> that could see the two work together on lodges and farm stays, it said in <a target=\"_blank\" href=\"https:\/\/dancompany.sa\/en\/news\/16\" style=\"\" rel=\"noopener\">a statement<\/a> last week. No further information was provided. Dan is a wholly-owned subsidiary of the Public Investment Fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Saudi Tourism Authority and Switzerland Tourism signed an MoU <\/strong>to improve cooperation in the tourism industry, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2043882\" style=\"\" rel=\"noopener\">SPA<\/a> reports. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Defense, healthcare, education, finance, and tech<\/p>\n","protected":false},"author":1,"featured_media":83354,"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":[281,54,139,1026,1028,202,1024,1027,10,2424,548,154,138,1025,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-moammar-information-systems","tag-also-on-our-radar","tag-aramco","tag-award-al-osool-capital","tag-baker-hughes","tag-capital-market-authority","tag-dan-company","tag-dussur","tag-enterpriseam-ksa","tag-finance","tag-national-medical-care","tag-pif","tag-sabic","tag-saudi-tourism-authority","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"e0c0552b-864a-486a-916f-33dfad20ec79","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/924.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dussur + Baker Hughes opens chemicals manufacturing facility","related_issue":[83338],"teaser":"Plus: Defense, healthcare, education, finance, and tech","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.33424864-0532-4582-984d-863c0d99f024.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dussur + Baker Hughes opens chemicals manufacturing facility. 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