In a landmark development, Genesys International Corporation’s subsidiary in Saudi Arabia, Genesys Middle East Ltd., has been granted a prestigious contract by the Kingdom of Saudi Arabia for the 3D Digital Twin mapping of the Holy City of Mecca. This ambitious project, valued at Rs. 26 crores in its current phase, is a historic foray […]
Venus Remedies Limited, a prominent player in the global pharmaceutical industry, announced its latest achievement of receiving marketing authorizations for critical healthcare products in Saudi Arabia and the Philippines. This development marks a significant expansion of the company’s global presence. Approvals for Paclitaxel and Zolendronic Acid in the Philippines The company secured marketing authorizations for […]
Tech Mahindra, a leading global technology company, has entered into a significant collaboration deed with NEOM Tech and Digital Company (TONOMUS). This agreement, subject to regulatory clearances, involves the creation of a new wholly-owned subsidiary (JVCo). The collaboration is poised to bring about innovative developments in the field of cognitive city development, enhancing Tech Mahindra’s […]
INGENIOUS.BUILD, specializing in project management software for Real Estate Development and Construction, is excited to announce its collaboration with Google Cloud. This partnership is set to accelerate digital transformation in Saudi Arabia by combining INGENIOUS’ expertise with Google Cloud’s advanced technologies. Launch of Cutting-Edge Project Management Software in Saudi Arabia As part of this partnership, […]
Aramco, a global leader in integrated energy and chemicals, has marked a significant achievement by producing the first unconventional tight gas from the South Ghawar Tight Gas Project two months ahead of schedule. This development is a key part of Aramco’s strategic plan to increase its gas production by over 50% from 2021 levels by […]
The Public Investment Fund (PIF) has announced its investment in Alkhorayef Petroleum, from the Alkhorayef Group, through a share subscription agreement for a 25% shareholding. The remaining 75% stake will be retained by Alkhorayef Group, the parent company. Strategic Goals of the Investment This investment by PIF is part of a broader initiative to enhance […]
Welspun Corp Limited has disclosed that its associate, East Pipes Integrated Company for Industry (EPIC), in Saudi Arabia, has secured a significant contract for manufacturing and supplying large diameter steel pipes. The deal, struck with the oil giant Saudi Aramco, is valued over SAR 440 million, approximately INR 1000 crores, inclusive of value-added tax, set […]
stc group has broadened its strategic alliance with Microsoft, laying the groundwork for digital innovation and transformation within Saudi Arabia. The reinforced partnership underscores a shared commitment to implement state-of-the-art digital solutions that promise to revolutionize industry standards and enhance growth prospects for small and medium-sized enterprises within the digital sphere. Driving Innovation and Empowerment […]
Larsen & Toubro (L&T) Construction’s Power Transmission & Distribution Business has recently announced securing substantial orders valued between Rs 2,500 to 5,000 crores. This development marks a significant achievement in both Indian and international markets in the current quarter. Expansion in Indian Power Grid In Chhattisgarh, India, the company has received an important order for […]
A groundbreaking agreement has been solidified between the Public Investment Fund (PIF) of Saudi Arabia and Hyundai Motor Company (Hyundai), aiming to set up a state-of-the-art automated vehicle manufacturing facility in Saudi Arabia. With an anticipated investment surpassing $500 million, PIF will dominate a 70% ownership, leaving Hyundai with 30% and a pivotal role as […]