A slowdown in the oil sector led to Saudi economic growth easing to an annual 3.8 per cent in the second quarter, the lowest in a year, but business circles have not lost optimism with the economy generating its own momentum from investments in non-oil sectors.
Saudi Arabia’s share in total sales revenues of Bahrain’s Asry climbed significantly this year with rig repairs contributing an overwhelming portion of Saudi sales, the shipyard’s CEO has said.
Zamil Industrial Investment Company (Zamil Industrial) announced contract wins in recent weeks by three of its Zamil Steel firms – Zamil Towers & Galvanising Co Ltd, Zamil Structural Steel Co Ltd and Zamil Process Equipment Co Ltd The contracts are worth a total of $54.23 million.
FORTY per cent of all Saudi Aramco rigs are using Flotek Industries Inc’s Teledrift measurement-while-drilling technology, says Houston (US)-based Flotek, a diversified global supplier of drilling- and production-related products and services to the energy and mining industries.
Several decades of involvement in Saudi Arabia’s aluminium and glass sectors have placed Al Andalus Holding Company in the forefront as a supplier to construction projects across the kingdom.
DAR SOLAR, a Saudi-owned company that assists solar engineering companies to become established in the kingdom and the Mena region, is currently examining a solar-hybrid solution for a hatchery that consumes 900,000 litres of diesel annually throughfour generators.
Saudi Diesel Equipment Company Limited, an Al Khobar-based manufacturer and importer of diesel generators, recently diversified its offerings with the introduction of a new range of generator sets powered by Mitsubishi Heavy Industries.
Sabic delivered the innovative materials and processing expertise needed to create a first-of-its-kind concept vehicle using advanced 3D printing (also known as additive manufacturing) during the International Manufacturing Technology Show (IMTS) in Chicago recently.
SABIC has signed an MoU with hte GmbH in Heidelberg, Germany, to establish a satellite laboratory for high throughput experimentation with a view to increasing the Saudi firm’s R&D efficiency.
Emerson Process Management has deepened its footprint in Saudi Arabia, expanding its capabilities at its Jubail facility to deliver regulator technologies and services efficiently and cost-effectively. The expanded capabilities include the production, testing, and servicing of pressure reducing regulators.
Aruba, a leader in the mobility and wireless domains, has underlined its strategy to establish and develop partnerships both horizontally and vertically in Saudi Arabia.
One of the Gulf’s most successful manufacturers of high-volume industrial safety, work and military footwear, Dammam-based Saudi Leather Industries Company (Slic), will see its production capacity rise some 30 per cent when casting equipment from Italy’s Gusbi is introduced by earlynext year.
JEDDAH-based BRC Industrial (Saudia) has received an investment boost from a unit of Saudi investment management firm Swicorp that is dedicated to supporting the Saudi steel sector. BRC Industrial, founded in 1974, makes a range of products such as welded wire mesh, cut and bend, reinforcement products, fences, concertina barbed tapes and gates.