{"id":90372,"date":"2024-10-09T00:00:00","date_gmt":"2024-10-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/09\/asas-al-mohileb-to-set-up-a-sar-700-mn-concrete-factory\/"},"modified":"2024-10-09T00:00:00","modified_gmt":"2024-10-09T00:00:00","slug":"asas-al-mohileb-to-set-up-a-sar-700-mn-concrete-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/09\/asas-al-mohileb-to-set-up-a-sar-700-mn-concrete-factory\/","title":{"rendered":"Asas Al Mohileb to set up a SAR 700 mn concrete factory"},"content":{"rendered":"

MANUFACTURING- <\/p>\n

#1- Asas Al Mohileb to set up a SAR 700 mn concrete factory to serve The Line:<\/strong> Construction firm Asas Al Mohileb<\/a> agreed to build and operate a SAR 700 mn ready-mix green concrete factory at Neom that will serve the construction of the latter\u2019s flagship sustainable city The Line, Neom said in a statement<\/a>. The facility will have an estimated production capacity of 20k cubic meters per day. No details were given on the timeframe of the project.<\/p>\n

#2- <\/strong>City Cement\u2019s subsidiary to set up a JV for manufacturing eco-friendly cement <\/strong>replacement:<\/strong> City Cement<\/a> \u2019s subsidiary Nizak Mining signed an agreement with Dubai- and London-based Next<\/a>Generation SCM<\/a> to establish a JV for manufacturing low-carbon cement alternative, City Cement said in a filing to Tadawul<\/a>. SCM uses a patent technology from its owner, the Danish Company CemGreen<\/a>, to manufacture the eco-friendly building material.<\/p>\n

#3- Modon inks SAR 137 mn agreements to build production facilities in Dammam\u2019s 2nd <\/strong>Industrial City: <\/strong>Modon signed six contracts worth SAR 137 mn with private sector companies to set up production facilities in Dammam\u2019s Second Industrial City for gas pressure sensors, engine parts, valves, pipe-fitting, and food fortification, according to a post on X<\/a>. The companies involved are Rotex<\/a>, Sasib<\/a>, TubeFit<\/a>, Sustainable Innovations<\/a>, United<\/a>, and Miran<\/a>.<\/p>\n

REAL ESTATE-<\/p>\n

Nomu-listed developer Ladun Investment<\/strong> is developing a SAR 827 mn mixed-use real estate project in Makkah<\/strong>, including a high-end 25-story tower, under a freshly-inked agreement with Mawten Real Estate, according to a filing to Tadawul<\/a>. The project will feature 935 luxury serviced residential units, shops and commercial showrooms set to be sold off-plan. <\/p>\n

\n

M&A WATCH-<\/p>\n

Sarco inches closer<\/strong> to acquiring Gesico: <\/strong>Oil refineries operator Saudi Arabian Refineries<\/a>Company (Sarco)<\/a> tapped undisclosed advisors for its potential acquisition of the German Saudi Industrial (Gesico)<\/a> and Golden Compass Mining Services Company<\/a> through a share-swap agreement, it said in disclosures to Tadawul here<\/a> and here<\/a>. The move prompted Sarco to extend the non-binding MoUs<\/a> it had signed with both companies earlier this year for an additional three months.<\/p>\n

\n

HEALTHCARE- <\/p>\n

Dr. Sulaiman Al Habib Medical Group<\/a><\/strong>\u2019s <\/strong>new maternity hospital in Riyadh\u2019s Al <\/strong>Rahmaniyah will open its doors on Sunday, 13 October<\/strong>, after obtaining all the necessary licenses from the Health Ministry, it said in a disclosure to Tadawul<\/a>. The hospital will operate under the name Dr. Sulaiman Al Habib Women's Health Hospital.<\/p>\n

HOSPITALITY- <\/p>\n

Hilton Riyadh Olaya<\/strong> has officially opened its doors<\/strong>, according to a press release<\/a>. The hotel is located on King Fahd Road and features 239 rooms, suites, and residential apartments.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Ladun Investment signs agreement to develop SAR 827 mn real estate project<\/p>\n","protected":false},"author":1,"featured_media":90373,"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":[328,54,3233,10,3238,3239,2710,485,3234,3237,3236,3235],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-alkhorayef-water-and-power-technologies","tag-also-on-our-radar","tag-aqarona-real-estate","tag-enterpriseam-ksa","tag-german-saudi-industrial-gesico","tag-golden-compass","tag-hilton","tag-infath","tag-majd-real-estate","tag-saudi-arabia-refineries-sarco","tag-sports-boulevard","tag-target-real-estate","wpautop","entry"],"acf":{"mongo_id":"56b91dcc-d869-4626-bdc7-dc5cf3f6b1f1","order":"16","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/685.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Asas Al Mohileb to set up a SAR 700 mn concrete factory","related_issue":[90341],"teaser":"PLUS: Ladun Investment signs agreement to develop SAR 827 mn real estate project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.4ee769dc-2f21-4c64-90b6-ed206791093e.mp3"},"yoast_head":"\nAsas Al Mohileb to set up a SAR 700 mn concrete factory - 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