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STC expects to invest $1bn to expand its networks

Saudi Telecom Co. (STC) expects to spend another $1 billion in the second half of 2015 on enhancing its networks as it tries to meet surging demand for web-based services, its chief executive said on Tuesday.

The SR3.9 billion outlay repeats STC's capital expenditure in the first six months of 2015 and lifts this year’s spend to a four-year peak.

"STC is continuing to invest in both mobile and fixed (networks) and modernising our IT systems — we want...

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Saudi fertilizer industry earns $2.7b in ’14
September 3, 2015

With sales revenues estimated at $2.7 billion, earnings from Saudi Arabia’s fertilizer industry prove that the Kingdom is well on its way to diversifying its economy, according to the Gulf Petrochemicals and Chemicals Association (GPCA).

“Despite the cyclical nature of commodity products, Saudi Arabia’s fertilizer sector has nearly doubled in the last decade, possessing the largest production capability in the Arabian Gulf,” said Dr. Abdulwahab...

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Raj & Baseel in partnership to build new shopping destination in Riyadh
September 3, 2015

Raj Real Estate company – a subsidiary of Al Rajhi United – and Baseel Properties Company, have signed on Tuesday (Sept. 1) a joint venture agreement to launch “Riyadh Walk”, a large-scale real estate commercial project that is designed to become the new destination for shopping, dining and leisure in the Kingdom of Saudi Arabia.

The occasion was held at the headquarters of Rajhi United Company. Raj Real Estate and Baseel Properties will be investing...

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Robust Saudi advertisement market attracts Saudi talents
September 3, 2015

The advertising industry i has witnessed an improvement across the region over the past five years, with a number of local advertising agencies set up by talented Saudi professionals in KSA.

This has contributed in some ways to the Kingdom’s improved macroeconomic stability, and has the potential to lead the advertising industry.

Despite that, the United Arab Emirates, ranked 12th globally by the World Economic Forum for its competitive economic landscape,...

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Sadara and Juffali enter into a multi-year BTG supply accord
September 3, 2015

SADARA Chemical Company and E. A. Juffali & Brothers, a privately-owned Saudi company, have signed a second supply agreement for butyl tri-glycol ether (BTG), following the successful execution of an MDI supply agreement in July 2015.

Under this new agreement, Sadara will supply BTG to one of the new plants that will be built in the planned Juffali chemical production complex to be based among other plants in PlasChem Park in Saudi Arabia’s Jubail Industrial...

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Saudi fertilizer industry earns $2.7b in ’14
September 3, 2015

With sales revenues estimated at $2.7 billion, earnings from Saudi Arabia’s fertilizer industry prove that the Kingdom is well on its way to diversifying its economy, according to the Gulf Petrochemicals and Chemicals Association (GPCA).

“Despite the cyclical nature of commodity products, Saudi Arabia’s fertilizer sector has nearly doubled in the last decade, possessing the largest production capability in the Arabian Gulf,” said Dr. Abdulwahab...

Continue Reading

Raj & Baseel in partnership to build new shopping destination in Riyadh
September 3, 2015

Raj Real Estate company – a subsidiary of Al Rajhi United – and Baseel Properties Company, have signed on Tuesday (Sept. 1) a joint venture agreement to launch “Riyadh Walk”, a large-scale real estate commercial project that is designed to become the new destination for shopping, dining and leisure in the Kingdom of Saudi Arabia.

The occasion was held at the headquarters of Rajhi United Company. Raj Real Estate and Baseel Properties will be investing...

Continue Reading

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