Lucid Motors secures aluminum supply deal with Ma’aden Rolling
Lucid Motors, the US-based electric carmaker, is poised to fortify its supply chain with high-quality aluminum panels through a strategic agreement with a subsidiary of [more…]
Category: Saudi Arabia
Aramco awards $3.3 billion gas contract in Saudi Arabia to China and Spain
Saudi Aramco, the world’s largest oil exporter, has recently awarded contracts worth over $3.3 billion to Chinese company Sinopec and Spain’s Tecnicas Reunidas. The contracts [more…]
Turkey’s Tosyali signs $5 billion deal for steel plant in Saudi Arabia, eyes expansion across Africa and Europe
Turkish industrial conglomerate Tosyali Holding has inked a monumental deal to construct a $5 billion steel plant in Saudi Arabia, as revealed by the company’s [more…]
Saudi Arabia stays firm, foreign companies must relocate regional HQ by 2024
In a bold and surprising move back in February 2021, the Saudi government sent shock waves through the international business community by announcing that, by [more…]
Pony.ai gets $100 million Saudi Arabia investment to develop NEOM’s autonomous infrastructure
In a significant move for the autonomous driving industry, Chinese startup Pony.ai has inked a deal with Saudi Arabia’s futuristic city and development project, NEOM, [more…]
Saudi Arabia’s $500 billion NEOM project partners with Denmark’s DSV in a $10 billion joint venture
Saudi Arabia’s ambitious NEOM project, a central component of Crown Prince Mohammed bin Salman’s Vision 2030 reform plan, is set to take a significant step [more…]
China-Arab States expo concludes, securing deals valued at $23.4 Billion
Welcome to the China-Arab States Expo 2023, a premier event that serves as a vital platform for fostering economic and cultural ties between China and [more…]