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- Saudi firms announce 2024 financial results amid Eid trading break
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- New Saudi real estate directives reinforce home ownership goals: Finance minister
02/11/2023 08:01 AST
Group Five Pipe Saudi Co. proudly announces the award of the highly-anticipated Ras Al-Khair water transportation system project to Riyadh in partnership with the Saline Water Conversion Corporation (SWCC). The official announcement was made on 1 November 2023 (17 Rabi' al-Thani 1445 in the Islamic calendar).
The project's value exceeds 3 billion SAR, including value-added tax, highlighting the significance of this venture. The scope of work involves the manufacture and supply of spiral-welded steel pipes, which are crucial for efficiently transporting water from Ras Al-Khair to Riyadh.
This monumental project stands as a testament to Group Five Pipe Saudi Co.'s engineering and manufacturing capabilities. With no related parties involved, the company will oversee the entire process to ensure timely and high-quality delivery.
Tadawul
03/04/2025
Economies across the Gulf Cooperation Council region are closing the gap with advanced nations when it comes to digital transformation, according to a new International Monetary Fund report. The st
Arab News
03/04/2025
Inbound tourism spending in Saudi Arabia surged to a record SR153.61 billion ($40.95 billion) in 2024, marking a 13.82 percent annual increase, according to data from the Saudi Central Bank.
Arab News
30/03/2025
In response to the rising land prices and rental costs in Riyadh, Crown Prince Mohammed bin Salman on Saturday directed a series of measures aimed at achieving stability in the real estate sector, th
Arab News
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03/04/2025
The capitalization levels of Qatar banks remained robust. Average capital adequacy ratio (CAR) came in at a robust 19.8 percent with all banks generating strong CARs. Qatar's banking sector posted an
The Peninsula
03/04/2025
Saudi Arabia's newly announced real estate directives underscore the Kingdom's commitment to increasing homeownership among its citizens, according to the finance minister.
The changes were
Arab News
03/04/2025
Economies across the Gulf Cooperation Council region are closing the gap with advanced nations when it comes to digital transformation, according to a new International Monetary Fund report. The st
Arab News
03/04/2025
Inbound tourism spending in Saudi Arabia surged to a record SR153.61 billion ($40.95 billion) in 2024, marking a 13.82 percent annual increase, according to data from the Saudi Central Bank.
Arab News
30/03/2025
Mergers and acquisitions in Saudi Arabia recorded a 55 percent annual rise in 2024 as deal value hit $9.6 billion, fueled by foreign investors and key sector activity.
According to Marsh's T
Arab News
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