Saudi Review
February 2014

Riyadh is beckoning foreign entrepreneurs to invest in a new Saudi Arabia where the wheels of industry are moving faster than ever before and whose GDP ranks 19th in the world.






February 2014

Maaden, the Saudi Mining Company, has made headway on two aluminium fronts – signing contracts to supply Asian customers with Maaden metal and beginning operations at its rolling mill.






February 2014

Almajdouie Logistics together with its sister company RPL (Rabigh Petrochemical Logistics Company LLC) handled the first export shipment of petrochemical products through King Abdullah Port (KAP).






February 2014

Leading Middle East geosynthetics producer Alyaf Industrial Company Limited has announced it is expanding its annual manufacturing capacity with the addition of a fourth line by the end of next year.






February 2014

Sixteen projects have been implemented under the Saudi British Economic Offset Programme (SBEOP) with total capital investment exceeding SR10 billion ($2.6 billion), says the British Offset Office which is managing the programme on behalf of theUK Government.






February 2014

Absal Paul, a leading international project management and contracting firm based in Saudi Arabia, has secured a number of contracts worth an estimated 100 million euros. The Saudi firm is a collaboration between Irish building and civil engineering contractor John Paul Construction and the Absal Group.






February 2014

Highlighting the commitment of GE Oil & Gas (NYSE: GE) to promote localisation initiatives, GE’s Masoneilan 41000 series control valves were assembled and performance-tested at the Darvico plant in Jubail Industrial City for deployment at the Shaybah Gas Plant of Saudi Aramco.






February 2014

Modon, the Saudi Industrial Property Authority, has announced it is aggressively pursuing its mission of creating industrial cities to bolster economic growth for both the public and private sectors, diversify the economy and raise employment levels.






February 2014

Saudi Perlite lndustries, a pioneer in the field of thermal and cryogenic insulation, manufactures expanded perlite at one of the biggest facilities of its kind in the region. The Riyadh-based factory is part of AlMojel Trading and Contracting Company and has a production capacity of 12,000 tonnes a year.






February 2014

Saudi Basic Industries Corporation (Sabic), which reported a 5.7 per cent increase in net profits in Q4, 2013, expects to follow the US and several other states into the shale market this year to firm up its presence in the global hydrocarbon field.






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