Tuesday, May 20, 2025
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    Saudi Arabia

    Al Watania to commission tinplate plant in Ras Al-Khair

    Saudi Arabia's Al Watania for Industries and China's Donghexin Group have signed a joint venture agreement to establish the region's first tinplate manufacturing facility...

    Hyundai and PIF break ground on automotive manufacturing plant in KAEC

    Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia's Public Investment Fund (PIF) and Hyundai Motor Company, has officially broken ground...

    Watani Steel’s net profit declines in Q1 2025 on weaker sales

    Watani Iron Steel Co. (Watani Steel) reported a net profit of SAR 2.9 mln (USD 0.77 mln) for the first quarter of 2025, down...

    ArcelorMittal Tubular Products Jubail secures financing for major capacity expansion

    ArcelorMittal Tubular Products Jubail has secured full financial backing from leading commercial banks in Saudi Arabia for its heat treatment and advanced premium OCTG...

    Al Yamamah Steel posts sharp profit decline in H1 FY25

    Saudi Arabia's Al Yamamah Steel Industries Co. reported a significant drop in net profit for the first half of fiscal year 2025, ended March...

    Gas Arabian Services wins contracts for gas pipeline infrastructure

    Gas Arabian Services Company has been awarded contracts by Saudi Power Procurement Company for the development of gas pipeline infrastructure for two independent power...

    SSP’s net profit declines in Q1 2025

    Saudi Steel Pipe Co. (SSP) reported a 9.2pct decline in net profit for the first quarter of 2025, falling to SAR 69 mln (USD...

    Hadeed unveils revised long steel prices for May deliveries

    The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70...

    SSP settles land dispute in Dammam

    Saudi Steel Pipe Co. (SSP) has signed a settlement agreement with the sellers of three land plots in Dammam, originally purchased in 2010. The...

    Govt eyes stronger ties with Indonesia to boost mining and industrial growth

    Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Al Khorayef, wrapped up an official visit to Indonesia, strengthening bilateral cooperation in mining and...

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