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News & Activities in Saudi Arabia and the Middle East Region
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SABIC

  • The company is seeking Intellectual Property  (IP) Counsel/IP Attorneys for its Riyadh office to help support its ongoing growth. IP Watchdog. 18-2-16
  • Saudi Arabia Fertilizers Co., (SAFCO) a SABIC affiliate  , plans to shut down some of its ammonia and urea plants in Jubail for maintenance. Reuters Africa. 18-2-16

  ENERGY

  • Saudi Arabia’s electrical market is expected to reach $10.86bn, a CAGR of 10.4%, from 2015 to 2023. EIN News. 17-2-16
  • Saudi Electricity Co. is buying six GE trailer-mounted aeroderivative mobile gas turbine packages for power plants in the KSA, which can serve as emergency generators. Saudi Daily Record. 10-2-16
  • Saudi Arabia and Russia have agreed to freeze oil production to stop the price of oil from continued decline. Al Bawaba. 16-2-16
  • Saudi Aramco has begun operating a unit that will process offshore gas for its giant Wasit project to help KSA meet the surging domestic demand for electricity. Zawya. 18-2-16
  • India’s oil imports from Saudi Arabia and Iraq hit the highest level in more than a decade. Zawya. 192-16

  CONSTRUCTION

Some sizeable Saudi Arabian construction companies are struggling from lower government spending on projects. Trade Arabia. 10-2-16

A record 47,431 rooms and 124 hotel projects are under development in Saudi Arabia, making KSA the second largest hub for hotel construction in the Middle East and Africa region. Trade Arabia. 172-16

  AUTOMOTIVE

  • Ford Middle East appointed Lebanese national Mohammed El Houssami as its sales director for Ford and Lincoln dealers across the GCC markets. Construction Week Online. 22-2-16
  • Sales of the 4x4 SUV segment of the automotive industry is growing rapidly in Saudi Arabia. Saudi Gazette. 21-2-16
  • Juffali Automotive Co., the exclusive Mercedes-Benz passenger car distributor in Saudi Arabia, won the “Best Mercedes-Benz Distributor in the Middle East 2015” award. Saudi Gazette. 10-2-16

  CONSUMER

  • Dubai-based fuel retailer Emirates National Oil Company plans to expand its network capacity by 40 percent between 2016 and 2020. The National. 21-2-16

TRADE & FOREIGN DIRECT INVESTMENT

  • Kenya is boosting sisal output by small farms to meet the high demand by Nigeria and Saudi Arabia. Bloomberg. 15-2-16
  • Germany-based hte will provide laboratory equipment for research and development at a highthroughput catalysis research lab in Dhahran. Trade Arabia. 18-2-16
  • In a deal worth $155 million, the United States approved a foreign military sale request by Saudi Arabia to upgrade weapons systems. Arabian Business. 18-2-16
  • Indian Oil Corporation’s Servo brand of lubricants is partnering with Mohammed Yousef Naghi & Brothers Group to enter the Saudi Arabian market. Saudi Gazette. 16-2-16
  • U.S. satellite imagery provider DigitalGlobe Inc. formed a joint venture with King Abdulaziz City for Science and Technology and Taqnia Space Co. to develop a network of small satellites. Reuters. 212-16

FOREIGN POLICY

Saudi Arabia suspended a $4bn aid package that would have equipped Lebanese security forces. The New York Times. 19-2-16

Saudi and Turkish foreign ministers confirmed a potential ground invasion of Syria by Saudi Arabia. Al Bawaba. 13-2-16

Switzerland will handle Saudi Arabia’s consular affairs in Iran and will facilitate Iranian pilgrims coming to the KSA. Reuters. 14-2-16

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