• Material impact of Breakthrough Program turnaround strategy demonstrated by results
• 12-month gross profit of SAR 165.6 million improved by 65.8% year-on-year
• 12-month revenue of SAR 882.8 million improved by 14.1% from 2018
• 12-month net loss narrowed by 74.8% to SAR 49.8 million
• Earnings per share improved to loss of SAR 0.79, from SAR 3.12 in 2018
Riyadh, Saudi Arabia, 30 March 2020: Shaker Group (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the year ended 31 December 2019. Full-year revenue of SAR 882.8 million grew by 14.1% as compared to 2018. ......read more
HKS appointed Master Planner for AMAALA’s Triple Bay and The Coastal Development
RIYADH – 18 MARCH 2020: AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of international design firm HKS Architects as Master Planner for Triple Bay and The Coastal Development. Set in the Prince Mohammed bin Salman Nature Reserve, AMAALA will bring to life the desires and ambitions of a community passionate about shaping, and living, transformative moments.
Commenting on the appointment Chief Executive Officer of AMAALA, Nicholas Naples, said: “AMAALA will be a globally recognised destination for arts and culture, as well as one of the most comprehensive, integrative health, wellness, and sports offerings in ......read more
March 11, 2020: Refinitiv today released a report on the latest development in the Oil market. According to Ranjith Raja, Oil Research Manager, Middle East and North Africa, Refinitiv, the Benchmark crude prices went into a tailspin on Monday morning trade following OPEC and its allies including Russia failing to agree on extending and deepening the output cut which expires at the end of this month. Oil prices closed on Friday with Brent down by 10.4% and WTI down by 7.8% w-o-w. As of 07:30 GMT this morning, Brent crude was at $33.93/MT, down by 25%, the largest single day drop since the Gulf War in 1991, while WTI was down by 26.8% at $30.22/MT. On market opening, prices dropped to an intra-day low of $31.29/MT for Brent and $27.37/MT for WTI.
Raja noted that Saudi Arabia, Russia and USA together contribute more than 30% ......read more
Dubai, February 26, 2020: Trade Bank of Iraq (TBI) promoted investment opportunities in Iraq at the Global Trade Review (GTR) MENA 2020 summit held in Dubai and highlighted their commitment towards reconstruction of Iraq through its activities in the trade finance sector.
Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several potential investment opportunities in the region especially in the power sector.
It’s assessed that the real GDP growth of Iraq is expected to grow up by an average of 3.1% by 2023 with non-oil GDP expected to grow tremendously on the back of the reconstruction efforts.
TBI representatives present at the GTR MENA summit highlighted the potential opportunities to invest in the fledgling economy as the country continues to ......read more
Honeywell demonstrates continued commitment to Saudi Vision 2030
February 25, 2020: Saudia Aerospace Engineering Industries (SAEI), a Honeywell (NYSE: HON) certified service centre, has completed more than 100 auxiliary power unit (APU) repairs from its Jet Propulsion Center in Jeddah, Saudi Arabia. SAEI is the only Honeywell certified service centre in the Middle East region that provides maintenance, repair and overhaul (MRO) services on Honeywell’s GTCP 331-500 and 331-350 APU models.
With SAEI, Boeing B777 and Airbus A330 operations with Honeywell APUs receive MRO services in the Middle East. This means that the operators do not have to leave the region for repairs, which helps to eliminate logistical inconvenience, reduces downtime, saves costs and improves operational ......read more
February 18, 2020: Ericsson (NASDAQ: ERIC) is titled the Operational Excellence Winner in the international category and the winner of Rawafed Award for Saudization at the 9th Partner Day ceremony held by stc group in the presence of stc executives in addition to more than 175 suppliers and partners of the group.
Launched in early 2018, Ericsson established an operations innovation program to support stc’s digitization drive with the aim of improving the quality of the network. As part of this program, Ericsson developed 10 different innovation streams that included virtual drive testing, automated fault handling as well as improvements to value added services and intelligent network operations.
Commenting on the win, Mathias Johansson; Head of Ericsson Saudi Arabia and Egypt ......read more
Partnership highlights commitment to industry development in line with Saudi Vision 2030
16 February 2020 - Furthering its commitment to contributing to the advancement of the maritime sector, Bahri, a global leader in logistics and transportation, reiterated its support to Saudi Maritime Congress. In its capacity as Founding Strategic Partner of the event, the company has also extended an official invitation to its global network of partners and customers as well as the wider international maritime community to participate in the Kingdom’s largest and most important industry event, taking place from 22 and 23 March 2020 in Dammam.
According to Abdullah Aldubaikhi, Chief Executive Officer, Bahri: “Saudi Maritime Congress comes at a time when the industry is at a crossroads, faced by ......read more
• Today marks the start of construction at the first Independent Sewage Treatment Plant Project in the Kingdom of Saudi Arabia in Dammam
• Key project documents including the finance documents have been executed
• Notice to Proceed has been issued allowing contractors to mobilise and commence construction activities at the Dammam West project site
Dammam, 15 February 2020: Today marks the start of construction at the first Independent Sewage Treatment Plant Project (ISTP) in the Kingdom of Saudi Arabia in Dammam West. The Notice to Proceed (NTP) allowing the contractors to mobilise and start construction on site has been issued following the execution of relevant project and finance documents by the banking group and the consortium developing the project led by the ......read more
Saudi Minister of Transport, H.E. Eng. Saleh bin Nasser Al-Jasser, commissions study to propel the Kingdom on the forefront of transport innovation globally
February 8, 2020: The Ministry of Transport (MoT) in the Kingdom of Saudi Arabia, today announced a contract agreement with Virgin Hyperloop One (VHO), the world’s leading hyperloop company. Under the partnership, VHO will conduct a groundbreaking pre-feasibility study on the use of hyperloop technology for the transport of passengers and cargo, laying the groundwork for a network of hyperloop routes to be considered across Saudi Arabia. The study is the first at a national level to be carried out anywhere in the world and will examine viable routes, expected demand, anticipated costs and explore the socio-economic benefits of ......read more
Globally popular golf and lifestyle show set for revamped return in conjunction with golf’s fastest emerging market
05 February, 2020, King Abdullah Economic City, Saudi Arabia: One of golf’s best-loved entertainment shows, Living Golf, is returning to CNN with an exclusive title sponsorship from the sport’s fastest growing market.
CNN’s Living Golf, a monthly, half-hour magazine show hosted from some of the world’s top golf courses found fame courtesy of exclusive interviews with the likes of Tiger Woods and Rory McIlroy giving their time for in-depth discussion concerning their lives in golf.
When it returns to the air in March, the show will be presented as CNN Living Golf in association with Golf Saudi, signalling the beginning of a multi-year sponsorship. This next ......read more
JLL’s 2019 Year in Review report says the government will continue to work towards improving market transparency
Riyadh, KSA - February 4, 2020: As the Kingdom of Saudi Arabia (KSA) continues to open its doors to the world, data will play a critical role in improving market transparency in the country, according to JLL’s 2019 Year in Review report released today.
The Kingdom, which has seen dramatic changes to its economy led by the ambitious Saudi Vision 2030 and National Transformation Program 2020, has witnessed rising transparency over the past three years.
Progress in transparency has been driven by regulatory reforms, increased data collection and the publication by government bodies and international market participants who are contributing to Saudi ......read more
Dubai, 27 January 2020: UL, a global independent safety science company, has been authorized by the Saudi Standards, Metrology and Quality Organization (SASO) to test and certify products to comply with the internationally recognized Saudi Quality Marking (SQM) safety standards.
Awarded with a three-year SQM accreditation, UL is offering its expertise and knowledge to companies in the Middle East by conducting the safety testing procedures for electrical products to be sold in the Kingdom of Saudi Arabia market and abroad.
All testing adheres to the Saudi standard regulations, which is implemented by the SQM department at SASO with products that meet the mandatory safety requirements.
The accreditation has been given to UL’s offices based in Asia, Europe, and North and South America.
By obtaining the ......read more
Argentinian polo legend to help develop world-class equestrian facilities at AMAALA
AMAALA Chief Executive Officer Nicholas Naples
signs Polo Legend Ignacio ‘Nacho’ Figueras as first AMAALA Brand Ambassador.
AMALAA is delighted to partner with the Saudi Polo Federation, pictured (l-r) Polo Player Ignacio ‘Nacho’ Figueras, AMAALA Chief Executive Officer Nicholas Naples and Chairman of Saudi Polo Federation Amr Zedan.
AMAALA Chief Executive Officer Nicholas Naples pictured (l-r) with Polo Superstar Ignacio ‘Nacho’ Figueras
RIYADH – 26 JANUARY 2020 – Global polo star and Ralph Lauren model, Ignacio Figueras, has been named a brand ambassador ......read more
Riyadh - January 23, 2020: Mysk by Shaza took part in the ‘Three Minute Pitch’ at the Saudi Arabia Hospitality Investment Conference (SHIC) in Riyadh on 21 January. Noelle Homsy, Development Manager of Shaza Hotels, delivered a highly-acclaimed presentation, showcasing Mysk’s enriching transformational experiences infused with cultural connections.
Elaborating on the concept, she stressed, “Today, travellers want experiences that transform them, they want to travel to learn something new; but most importantly, they want to embrace the local culture. With Mysk, we are creating immersive experiences in extraordinary locations. We are offering travellers the opportunity to discover the local culture through intimate, holistic and authentic experiences that are tailored to their needs.”
A ......read more
Golf’s international ambassador and icon of the game joins gathering of leading industry figureheads to discuss the development of Saudi’s vision for golf in the kingdom
16 January, 2020, King Abdullah Economic City, Saudi Arabia: Nine-time Major Champion, Gary Player, will join a host of golf’s most influential figures at the Golf Saudi Summit, taking place in King Abdullah Economic City, Jeddah, Saudi Arabia from 2-4 February, 2020.
One of the most decorated golfers of all time and a prolific golf course architect who has designed many award-winning golf courses around the world, Player will share his views on how health and wellbeing are integral to long-term success and sustainability of the game. In addition to his nine Major victories on the regular tour, Gary Player has won 9 Senior ......read more
Mega shipyard to hold workshop to showcase growth opportunities in its facility
January 13, 2020 - In an exciting initiative announced today (date), maritime suppliers keen to develop a relationship with International Maritime Industries (IMI) are invited to a ‘Mega Yard, Mega Opportunity: IMI Supplier Workshop’ on the first day of Saudi Maritime Congress.
IMI - which aims to become one of the largest full-service maritime facilities, capable of competing against the world’s biggest shipyards – is a strategic partner of the two-day event which takes place at Dhahran Expo in Dammam from March 22 to 23, 2020.
By invitation only, the session will serve as a global gathering for suppliers of ship equipment and services, shipowners and operators who want to do business in Saudi Arabia ......read more
• After Al Khobar and Riyadh, the new Visa Application Centre for Greece opens in Jeddah
• Optional Visa At Your Doorstep service available to customers across the country
Dubai, United Arab Emirates, December 23, 2019: Residents of Jeddah travelling to Greece can now apply for their visas from a Visa Application Centre within the city. VFS Global recently launched its new Greece Visa Application Centre, its third centre for the European country in the Kingdom of Saudi Arabia. The first two centres were rolled out in the cities of Riyadh and Al Khobar at the start of this year.
The centre was inaugurated by Mr. Michael Votsis, Consul General of Hellas (Greece) in a formal ceremony on 12 December 2019. In addition to the regular visa application counters, VFS Global also ......read more
Exclusive event taking place on the 10 – 11 February 2020 is expected to welcome more than 1,500 Retail CEOs Founders, Directors and policy-makers
23 December 2019 - Riyadh, Saudi Arabia: Retail Leaders Circle, the prominent international organization that convenes powerful industry leaders, innovators and influential decision-makers, has announced that the Sixth Edition of Retail Leaders Circle (RLC) MENA Summit will take place on 10-11 February 2020 for the first time in the capital of the Kingdom of Saudi Arabia, under the patronage of His Excellency Dr. Majid bin Abdullah Al-Qasabi, Minister of Commerce and Investment.
Retail’s most significant regional gathering, with the theme ‘Future Retail & Consumer: Thriving in a Changing Environment’, will bring together ......read more
Under the sponsorship of the Emirate of Al Madinah, the hotel organized an informative workshop
Al Madinah, Kingdom of Saudi Arabia (December 19, 2019) – Millennium Taiba, the 5-star hotel located at the heart of Madinah, has organized an informative workshop for hospitality professionals in the region of Madinah. This influential event comes in line with the initiative of Madinah Emir Prince Faisal Bin Salman “Khair Umma” and aims to educate participants on how represent prevailing cultural values and morals in the hospitality and travel sectors.
Named as “Khair Men Youmatheloha”, the workshop took place on November 2019 to be part of other workshops and programs of the initiative “Khair Umma”. Employees from the hotel and hoteliers within the nearby area attended the ......read more
19 December 2019, UAE: - Following the successful launch of three of its brands – Operation: Falafel, Catch 22 and Awani – in Riyadh and Operation: Falafel in Dammam and Dhahran, AWJ Investments is continuing its impressive expansion into the Saudi market with five restaurants set to open in H1 of 2020.
The company behind famous F&B brands Operation: Falafel, Catch22 and Awani is recognised as the biggest homegrown success story in the sector within the UAE.
The continued growth in Saudi Arabia comes following the company’s established success in the Kingdom’s capital city Riyadh with openings in The Zone mall with Catch22 and Awani as well as Operation: Falafel in Rubeen Plaza. Expanding the reach of the much-loved Operation: Falafel concept, AWJ Investments is also working with local ......read more
Dubai, United Arab Emirates, December 17, 2019: Achieving Saudi Arabia’s Delivery Plan 2020, as part of its wider Saudi Vision 2030 Realisation Program, requires consolidation of the Kingdom’s regulatory laws, investment listing rules, and corporate governance. This was the view during ICAEW’s Corporate Finance Faculty (CFF) roundtable on corporate fundraising and its challenges and opportunities in the Kingdom.
Panellists and invited guests discussed the outlook for venture capital under the current economic conditions in Saudi Arabia. The speakers also highlighted the limited accessibility to corporate finance in the Kingdom, and how it varies between small, medium and large organisations.
Speakers advised private companies in the Kingdom to hire both legal and financial advisors, before going ......read more
• New Index ranks Singapore, Amsterdam, London, Shanghai, and New York as the top five cities
• Dubai and Riyadh feature in the top-ranking cities representing the Middle East region
• Global cities in Europe, North America, Asia Pacific, Latin America, and Middle East and Africa ranked on mobility ecosystem development
Dubai, December 15, 2019: Singapore tops Oliver Wyman Forum’s inaugural Urban Mobility Readiness Index: How Cities Rank on Mobility Ecosystem Development. The index ranks 30 cities on how prepared they are to incorporate the latest mobility technologies and what they are doing to reshape urban mobility. The top five cities are Singapore, Amsterdam, London, Shanghai, and New York . Dubai ranks 19th and Riyadh ranks 26th globally.
“Cities ......read more
RIYADH, Saudi Arabia, Dec. 12, 2019: Saudi Development and Reconstruction Program for Yemen (SDRPY) Supervisor-General Ambassador Mohammed bin Saeed Al Jabir welcomed a delegation from Médecins Sans Frontières (MSF) at program headquarters in Riyadh on Wednesday. The guests were briefed on Saudi development efforts in Yemen.
The MSF delegation included International Representative in the Middle East Antoine Bieler; Deputy Middle East Program Manager and Yemen Project Officer Caroline Seguin; and Yemen Program Manager Charles Gaudry.
The staff of the Saudi Development and Reconstruction Program for Yemen gave an introductory presentation of SDRPY projects and initiatives in Yemen. During the meeting, a number of issues of common concern were discussed in addition to ways of enhancing cooperation between the SDRPY and ......read more
• Signed agreements with key customers and stakeholders in the GCC
• Much-awaited laboratory poised to be the first in the region and largest in the world to begin construction
December 12, 2019: Gulf Electrical Power Laboratories (CESI | GEPL), a state-of-the-art electromechanical testing facility, announced the commencement of their operations as a separate entity that provides localized and technical services from Saudi to the wider GCC region. This will be followed by construction of the much-awaited electrical testing laboratory poised to be the first in the region and largest in area. The announcement was made today at an official ceremony held at the Saudi Arabia Smart Grid in the presence of Dr. Khalid bin Saleh bin Abdullah Al-Sultan, Chairman of King Abdullah City for Atomic and ......read more
Ultra-high-end Public Investment Fund (PIF) hotel and residential project, AMAALA, is set to become an exclusive, sustainable destination for well-heeled adventurers through transformational wellness, arts and the purity of the Red Sea.
RIYADH – 9 DECEMBER 2019: AMAALA, a visionary giga-project by the Public Investment Fund (PIF) underway in northwest Saudi Arabia, has been incorporated as a standalone company. A jewel in the crown for the Middle East Riviera alongside a hidden, untouched and thriving stretch of the Red Sea coastline, AMAALA will set new standards in sustainable development while placing the Kingdom on the global hospitality map, offering a vibrant and progressive destination for ......read more
GCC’s growing e-commerce sector estimated to reach USD 20 billion by 2020
March 3, 2020: Start-up company ITCAN, a full-service Technology and Digital Marketing company that brings insights, information, and expertise to create exponential growth, has announced that it is close to earning AED 100 million this year since its launch in Dubai. The milestone is about to be reached against ......read more
Riyadh: Shaza Hotels, will make a special presentation to Saudi Arabia’s hotel owners and investors at the Saudi Arabia Hotel Investment Conference (SHIC) in Riyadh on 21-22 January 2020 about Mysk by Shaza’s compelling brand proposition in the area of Transformational Lodging. Shaza will also compete in the Three-Minute Pitch to Owners, to highlight some of the main characteristics ......read more
• The Kingdom of Saudi Arabia assumes the 2020 G20 Presidency today, 1 December, 2019.
• The Saudi G20 Presidency will focus on "Realizing Opportunities of the 21st Century for All."
• The Kingdom of Saudi Arabia commends the work of the Japanese G20 Presidency in 2019 and will continue to support its efforts to forge global ......read more
Criminals had manufactured and traded large volumes of counterfeit print cartridges
SAUDIA ARABIA, November 28, 2019 – HP and Saudi Arabian authorities conducted a number of highly successful operations in the summer of 2019, to disrupt the trade of counterfeit HP branded cartridges across Saudi Arabia.
In July 2019, Saudi officials, supported by HP, raided several ......read more
Over 60 international experts have concluded a 2-day symposium ‘Riyadh: The Sustainable City’, offering advice and suggestions on projects worth US$23 billion, that will help transform Riyadh into a world-class sustainable city and enhance the lives of its 7 million residents.
Riyadh, Kingdom of Saudi Arabia, 19 November 2019: A panel of prominent ......read more
• Abdul Latif Jameel and alfanar Electric Division Show Customer Experience Success
• At Digital Saudi 2030, SAP to Showcase Latest Customer Experience Innovations
RIYADH, Kingdom of Saudi Arabia – 19 November 2019: Customer experience will be a business priority for 96 percent of Saudi Arabia businesses in 2020, according to a new YouGov ......read more
The Saudi banking sector will remain robust in 2020, with strong capitalization and stabilizing asset quality meaning we do not expect any bank rating changes in 2020.
Softer global monetary policy may be an opportunity for banks to borrow abroad, but will create pressure on net special commission income.
Credit growth will recover but remain mortgage ......read more
November 17, 2019: S&P Global Ratings said today that Saudi Aramco's forthcoming IPO on the Saudi Stock Exchange (the Tadawul) could enable the sovereign to further strengthen its net asset position.
And, if subsequently effectively deployed, the funds raised could be used to support longer-term economic growth in Saudi Arabia (unsolicited; A-/Stable/A-2). Saudi Arabia ......read more
Dubai United Arab Emirates - November 13, 2019: The Saudi Ports Authority (Mawani) recently announced the launch of its largest integrated logistics area, Al Khomra Logistics Zone, located on the Red Sea coast of Jeddah. The zone will include primary and secondary manufacturing facilities, storage and cooling facilities, as well as food distribution centres.
Commenting ......read more
• Eleventh annual Melbourne Mercer Global Pension Index compares 37 retirement systems
• Saudi Arabia received better ratings than Japan and Italy
Riyadh, 7 November 2019: Mercer, a global consulting leader in health, wealth and career, released the results of its 2019 Melbourne Mercer Global Pension Index survey (MMGPI) that ......read more
• Material impact of Breakthrough Program turnaround strategy realised by results
• Third-quarter gross profit of SAR 49.1 million improved by 79.7% year-on-year
• Nine-month revenue of SAR 698.7 million improved by 16.2% from 2018
• Nine-month net loss narrowed by 55.1% from 2018
Riyadh, Saudi Arabia, 7 November 2019: Shaker Group ......read more
November 5th, 2019: Almost two years after the announcement of their partnership to pilot the implementation and management of Outside Plant (OSP) across Saudi Arabia's regions by 2020, the Integrated Telecom Company (ITC), leader in information and communication technologies in Saudi Arabia and Sofrecom, a subsidiary of the Orange Group, specialized in Consulting and ......read more
World’s leading hyperloop company and Saudi’s renowned King Abdullah University of Science and Technology (KAUST) sign agreement during Future Investment Initiative
NOVEMBER 02, 2019: Virgin Hyperloop One (VHO), the world’s leading hyperloop company, today announced the signing of a Memorandum of Understanding with the Kingdom’s renowned King ......read more
Answers attributed to Steen Jakobsen, Chief Economist & CIO, Saxo Bank
1- How will the “Davos in the Desert” event impact Saudi’s economy? And in which fields/sectors will it impact the most?
Saudi Arabia is running an ambitious socio-economic plan to attract investors and social change. This is in order to reduce the dependence on oil over time. ......read more
Saudi - October 29, 2019: Saudi Arabian WWE superstar Mansoor is in for the “shock of his life” when he returns to Riyadh this week – says the man who will take him on at the incredible Crown Jewel event.
Cesaro will battle Mansoor at the King Fahd International Stadium in one of the night’s biggest matches.
And as Cesaro prepares to fly into ......read more
Saudi Arabian conglomerate to deploy Infor solutions to companies across the region
Riyadh, SAUDI ARABIA – Oct. 29, 2019 – Infor, a global leader in business cloud software specialized by industry, today announced that Saudi Bugshan Barmaja Co.Ltd, the major diversified business group headquartered in Saudi Arabia, has been appointed an Infor alliance partner ......read more
Global AI Summit will take place in Riyadh 30-31 March 2020, event is set to become the world’s leading forum for AI knowledge exchange
Riyadh, 29 October 2019: Under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, Chairman of the Board of Directors of the Saudi Data and ......read more
Dentons boosts Middle East practice with Counsel and litigator hires in Saudi Arabia
Jeddah, 27 October 2019: Dentons has expanded its practice in Saudi Arabia with the hire of experienced corporate practitioner Imtyaz Sattar who joins as Counsel and highly regarded Saudi litigator Salman Aloraifi who joins as Associate, both based in the Firm's Jeddah office. Imtyaz ......read more
Workshop trained more than 80 professionals from a number of Saudi ministries and government agencies
RIYADH, Saudi Arabia, Oct. 26, 2019: A workshop focused on key challenges to stabilization operations and organized by the Saudi Development and Reconstruction Program for Yemen (SDRPY) in partnership with the U.S. Department of State's Bureau of Conflict and Stabilization ......read more
Three-day fair encourages KSA women to work in key industries and fields
Saudi - October 23, 2019: VFS Global, the world’s largest outsourcing and technology services specialist for diplomatic missions worldwide, is building on its Saudization initiatives by co-participating with the Embassy of Sweden at the ‘A Step Ahead Career Fair 2019’. The ......read more
In a move aimed at spurring the growth of the e-commerce sector in Saudi Arabia, CCAvenue, the digital payment platform of Infibeam Avenues announced its collaboration with Riyad Bank to offer digital payments solution to eCommerce businesses in the country. CCAvenue.com has already established itself as a leading digital payment facilitator in India and the U.A.E.
One of the largest financial ......read more
Today on World Food Day (16 October), a team of Plant Scientists from King Abdullah University for Science and Technology (KAUST) has begun a major project to improve global date palm production and protection.
This project is the first time that the date palm genome has been studied so comprehensively. Dr. Ikram Blilou, Professor of Plant Science at King Abdullah University for Science and ......read more
October 14, 2019: Saudi Arabia’s new public sector procurement law which will come into effect on 29 November, known as the Government Tenders & Procurement Law (GTPL), covers all government projects and aims to streamline procurement and promote the use of local companies on public sector works.
The new law centralises tendering and contracting across ......read more
RIYADH, Saudi Arabia, Oct. 14, 2019: A delegation from the Saudi Development and Reconstruction Program for Yemen (SDRPY) held meetings with development agencies, research institutions and educational organizations in Washington, D.C., to discuss several SDRPY projects being implemented in Yemen.
Director of Projects and Studies in the Program, Eng. Hassan Al-Attas, led ......read more
Diversified Saudi Arabian business group to deploy Infor suite to aid expansion plans with a single integrated digital platform
Riyadh, Saudi Arabia – October 14, 2019: Infor, a global leader in business cloud software specialized by industry, today announced that Saudi Bugshan Barmaja Co. Ltd, a major diversified business group in Saudi Arabia, is digitally ......read more